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Global Boatworks Hldgs Inc. (GBBT)

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Last Post: 5/22/2022 11:40:35 AM - Followers: 76 - Board type: Free - Posts Today: 0



About the Luxuria and Global Boatworks 

Global Boatworks Holdings Inc. is a publicly trading company, which is a multifaceted “Luxury Living Vessel” manufacturer located in South Florida. The Company has previously built and operated a highly successful charter vessel in Boston, and currently has designed and completed a state-of-the-art luxury living vessel, the “Luxuria” in South Florida. The “Luxuria” features floor-to-ceiling impact windows with motorized shades, large living room with contemporary LED fireplace, a chef-quality modern kitchen featuring, Caesarstone counters, Bosch appliances and a “one of a kind” modern contemporary wine refrigerator. Spacious extravagant open stairway leading to the luxurious master suite and guest bedroom, featuring spa-like bathrooms with soaking tub and TV and ultramodern showers with waterfall and rain head/body spray dispensers. There are three (3) big-screen TVs, computer/working area, two large outdoor living decks as well as many other numerous luxury amenities. 

Latest Press Release:

Global Boatworks Closes on Sale of Luxuria Floating Vessel

Pompano Beach, FL, Apr 30, 2019 (GLOBE NEWSWIRE via COMTEX) -- Eliminates all Convertible Debt from Balance Sheet

via NEWMEDIAWIRE -- Global Boatworks Holdings Inc. GBBT, +0.00%, builder of luxury floating vessels, is pleased to announce that it has completed the sale of the Luxuria, the second sale of one of its luxury floating vessels. 

The sale of the Luxuria allowed the Company to pay down the Company's liabilities and eliminate convertible debt from its balance sheet. The Company had entered into a Note Settlement Agreement with St. George Investments and Tonaquint Inc., lenders that had a secured interest in the Luxuria. St. George and Tonaquint agreed to release their liens upon payment from the sale proceeds and an additional payment of $70,000 in September 2019. This agreement eliminates the last of the convertible debt on the Company's balance sheet. 

"The sale of the Luxuria has allowed us to clean up our balance sheet," said Global Boatworks CEO Robert Rowe. "The media coverage that the Luxuria garnered generated a lot of interest in the Company and our luxury floating vessels. We took the opportunity to sell the Luxuria now so we will be positioned to take on financing as needed to build additional vessels or fulfill orders as opportunities arise."

Global Boatworks Holdings, Inc. Eliminates Convertible Debt, Strengthens Balance Sheet

Wednesday, January 22, 2020 6:00 AM
Primary Exchange: OTC PINK
Under the Symbol:GBBT

POMPANO BEACH, FL / ACCESSWIRE / January 22, 2020 / Global Boatworks Holdings, Inc. (OTC:GBBT) a builder of floating luxury vessels, announces the December 3, 2019 completion of a Note Settlement Agreement (the "Agreement") pertaining to a convertible note previously due to Tonaquint, Inc. and the non-convertible note previously due to St. George Investments LLC (the "Note Holders") in the amount of $72,500. The balance of the Agreement was paid by a long-time Company investor. Under the Agreement the Note Holders, upon payment of the $72,500, agreed to forgive the $273,675 balance.

The investor paid the Note Settlement Agreement amount of $72,500 and entered into a new agreement with the Company utilizing a traditional, non-convertible note. As a result of the payment of the convertible portion of the Note and the forgiveness of the balance of the two notes, Global Boatworks will record a Q4 gain on debt settlement of $273,675 plus a gain on the embedded derivative value of approximately $414,000 for a net gain of $690,000 in Q4.

"We are excited to announce the repayment of our convertible debt," said Global Boatworks CEO Robert Rowe. "With the sale of the Luxuria in April and this note repayment, we continue to improve our capital structure to support our long-term timeline and goals, and we believe Global is well-positioned for growth in 2020."

The Company is further involved in negotiations with the holder of one final convertible note totaling $45,000. If successful, the CEO says this would eliminate all convertible debt from the Company's balance sheet.

"Paying off and restructuring the convertible debt on our balance sheet is not only fiscally responsible, it strengthens our balance sheet and enables us to explore new initiatives to help Global Boatworks increase shareholder value in 2020, and beyond," said Rowe


Website: http://www.globalboatworks.global
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$GBBT OFFICIAL WEBSITE http://luxuriaonthewater.com
$GBBT ON AIRBNB https://www.airbnb.com/rooms/19328583
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GBBT News: Current Report Filing (8-k) 09/15/2021 12:41:19 PM
GBBT News: Current Report Filing (8-k) 09/03/2021 12:48:35 PM
GBBT News: Quarterly Report (10-q) 01/11/2021 03:42:42 PM
GBBT News: Amended Current Report Filing (8-k/a) 12/31/2020 05:02:19 PM
GBBT News: Current Report Filing (8-k) 12/14/2020 05:29:13 PM
#3880   More like a teaspoon of beer lol. CashBowski 05/22/22 11:40:35 AM
#3879   Looks like someone needed some money to buy Retireme2 04/29/22 11:59:47 AM
#3878   Looks like this is going to be a Retireme2 04/25/22 02:40:29 PM
#3877   I get that. I always lock in profits CashBowski 03/28/22 07:44:23 PM
#3876   I know brother, it’s tragic. Def the worse CashBowski 03/28/22 06:13:46 PM
#3875   You can't believe it? Lol nothing shocks me canofan2222 03/28/22 04:36:07 PM
#3874   But everyone doesn't have free shares. I know Retireme2 03/28/22 03:54:19 PM
#3873   My free shares are going to go poof CashBowski 03/25/22 03:47:46 PM
#3872   They need to file a Form-15 and delist CashBowski 03/25/22 03:47:25 PM
#3871   GBBT: SEC Admin. Proceeding for severely delinquent Financials Renee 03/24/22 08:51:24 PM
#3870   Well that explains a lot. Thanks for the info. Retireme2 03/24/22 01:46:09 PM
#3869   https://www.sec.gov/litigation/admin/2022/34-94500.pdf samsamsamiam 03/24/22 12:54:51 PM
#3868   If you look up R3Score on the internet Retireme2 03/02/22 05:14:21 PM
#3867   I got word someone reached out and they’re CashBowski 03/02/22 11:43:27 AM
#3866   So R3 Score buys this stock then let's Retireme2 02/24/22 02:12:46 AM
#3865   Thanks for the post but that info is Retireme2 02/10/22 06:02:05 PM
#3864   https://www.linkedin.com/feed/update/activity:6866405433704288256 Jbb4321 02/09/22 03:33:33 PM
#3863   Is this thing going to move anymore, or Retireme2 02/04/22 06:31:54 PM
#3862   Hey bro I think they will, happy new year, Jbb4321 01/12/22 10:09:40 AM
#3861   Maybe R3 Score can whip something up in CashBowski 01/11/22 06:56:59 PM
#3860   Well it looks like someone is trying to Retireme2 12/31/21 02:22:46 AM
#3859   U don't give up do u, don't play Jbb4321 12/02/21 06:33:12 AM
#3858   Does anyone here have a clue as to Smilin_B 12/02/21 04:06:49 AM
#3857   Finally see a trade today - 2000 shares Retireme2 12/01/21 05:55:20 PM
#3856   Thank you for the correction and info. Retireme2 11/18/21 11:23:30 PM
#3855   Because an 8-k is not a financial report, CashBowski 11/18/21 12:00:54 PM
#3854   Look at the IHUB news. It shows that Retireme2 11/18/21 09:52:28 AM
#3853   Isn't it incredible how high GBBT rose and Smilin_B 11/17/21 09:28:21 PM
#3852   They haven’t filed financials since 3/5/21. No financials CashBowski 11/17/21 07:58:44 PM
#3851   Otc news shows last filing on 9/10/21. They Retireme2 10/23/21 01:28:52 AM
#3850   Lol they need to be current dude....if you canofan2222 10/08/21 01:04:40 PM
#3849   Why no name change yet..you would think that kentiki 10/08/21 11:30:41 AM
#3848   Ha what? Jbb4321 10/07/21 08:25:20 PM
#3847   Ha Shapingthepresent 10/07/21 08:20:22 PM
#3846   Unsure how that'd work at this point but 100%...clusterfk. canofan2222 09/30/21 09:32:07 AM
#3845   You know I’ve been saying for months that CashBowski 09/30/21 09:29:23 AM
#3844   Of course but now the ball is in canofan2222 09/30/21 09:15:37 AM
#3843   Don’t overlook the complete lack of due diligence NewLeaf 09/30/21 09:12:26 AM
#3842   Yep...loss for words regarding decision making. Guess that's canofan2222 09/30/21 08:40:58 AM
#3841   They should’ve saved the $$ in paying for CashBowski 09/30/21 08:37:44 AM
#3840   Not much there just basically says we Fd canofan2222 09/30/21 07:00:12 AM
#3839   Interesting 8-K read. RandyKCMO 09/29/21 10:28:48 PM
#3838   https://www.otcmarkets.com/filing/html?id=15251161&guid=rA_wkHXtV1k5t3h Jbb4321 09/29/21 05:29:34 PM
#3837   To the genius crew (Beatty, Rowe, et. al.) NewLeaf 09/27/21 10:04:12 AM
#3836   I’m dead LMAO CashBowski 09/16/21 04:36:07 PM
#3835   Lmao Jbb4321 09/16/21 04:14:52 PM
#3834   It's September 16th. canofan2222 09/16/21 03:50:47 PM
#3833   More News: NEWS GBBT - R3 Score and the CashBowski 09/16/21 02:08:35 PM
#3831   8k out regarding the PR that was posted. canofan2222 09/16/21 09:23:52 AM
#3830   How wrong can someone be and he keeps Jbb4321 09/16/21 09:11:57 AM
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