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GBBT: SEC Admin. Proceeding for severely delinquent Financials (Sept. 30,2020):
https://www.sec.gov/litigation/admin/2022/34-94500.pdf
Well that explains a lot. Thanks for the info.
If you look up R3Score on the internet you will see that the company is going 24hrs a day. Some of that is via phone only. So the company is running by those standards. So why is the NEW CEO not doing anything to keep the company stockholders apprised to what is happening? Why can't she get the filings right to get this green and current again? It would help to generate revenue. Surely they should be able to see that. Or is it that they just don't care about stockholders and sticking with the company values? This stock hasn't brought in any revenue since it was sold to R3Score from Global Boat Works. It had been some time before that when the boats being built were bringing in revenue as well.
I just think it is time they shit and got off the pot. Get this rolling again and keep it there.
I got word someone reached out and they’re still trying to put the company together, and I presume funding is a issue with the new SEC rules and the agency aggressively going after funders that are unregistered BD’s.
Regardless that no one can trade this, they should still be issuing updates. That’s what’s annoying.
So R3 Score buys this stock then let's it sit and rot. Isnt that a nice way to treat its investors? I guess R3 Score is just trying to "Score" a big ZERO.
Thanks for the post but that info is from 3 months ago. Nothing more current happening that I see.
Is this thing going to move anymore, or is it a dead horse and we have to shoot it to put it out of misery? Nothing happened through most of last month.
Hey bro I think they will, happy new year,
Maybe R3 Score can whip something up in 2022. Worth keeping an eye on it.
Happy new year brother.
Well it looks like someone is trying to do something with this ticker. Maybe it's the last gasp or tax write off.
U don't give up do u, don't play stupid u know
https://www.r3score.com/?s=09
Does anyone here have a clue as to what line of business (if any), "Global Boatworks" is involved in?
Finally see a trade today - 2000 shares @.0001. Don't know if they were buying or selling but at least it showed a heart beat even if it was just one blip. Would like to see more of this and get back to pink current with green days again.
Thank you for the correction and info.
Because an 8-k is not a financial report, aka: 10-Q or 10-K.
The new SEC rules moved the company to the expert market with no quotation until they catch-up on their financial reporting requirements, and submit a new form 211 to a market maker to be quoted again.
Per their last 8-K:
https://www.otcmarkets.com/filing/html?id=15251161&guid=Xx3wkHAwPH_Xdth
Look at the IHUB news. It shows that GBBT filed 8k on 9/3/21 and another on 9/15/21. Which is why I posted it the last time. So why say there have not been Financials posted?
Isn't it incredible how high GBBT rose and to see it here at .0001 and untradeable
Makes ya go "hmmmmmmm"
They haven’t filed financials since 3/5/21. No financials — no quotes as far as the new SEC rules are concerned.
Otc news shows last filing on 9/10/21. They should be current unless there was something else missing. Don't know what could be lacking at this point. Any ideas?
Lol they need to be current dude....if you haven't noticed we were delisted due to new rules about being pink current.
Why no name change yet..you would think that would be atop priority
Ha what?
Unsure how that'd work at this point but 100%...clusterfk.
You know I’ve been saying for months that they need to reverse the merger and gtfo, cuz obviously they know jack about running a pubco. It costs a lot of cash, and if you’re not capable of producing enough to run basic operations, like filing reports — then you def shouldn’t be public.
Of course but now the ball is in the new pubcos court. Obv prev owners did piss poor job as well, shame cuz this SS was sooooo good and a good RM would got this uplisted easily after surpassing $3-5 a share mark.
Don’t overlook the complete lack of due diligence on behalf of the original pub co. They had plenty of opportunities to ask questions, look at R3’s financial wherewithal, management, business plan, fund raising experience and even the necessity of them being a public company. What these geniuses did was lazily forfeit their fiduciary responsibilities to the shareholders. The only upside - if there is one - is that their ‘consulting’ shares are now as worthless as ours.
Yep...loss for words regarding decision making. Guess that's what happens when the founder is so focused touting themselves instead of creating shareholder value. Attending events with John legend instead of running their pubco, sad.
They should’ve saved the $$ in paying for 8-k’s naming meaningless board members, elite auditors, attorney’s, and PR firms and put that money toward their financials. I agree with NL’s post below. After a year of BS PR’s, they have their priorities skewed. Utterly incompetent in running a pubco. SMH
Not much there just basically says we Fd up and want to be pink current. Sadly.
To the genius crew (Beatty, Rowe, et. al.) behind this failed ticker: congratulations on doing absolutely NO due diligence on the merging company. One full year into this transaction with nothing but meaningless news releases, falling, illiquid share price and zero guidance from management. This is not how reverse mergers are supposed to work. The only consolation is that your shares are also worthless.
I’m dead LMAO
Someone better keep track of my time :D
It's September 16th.
8k out regarding the PR that was posted.
How wrong can someone be and he keeps coming back imo
What ever this guy says to do, do the opposite lol
No but I did have lunch with the former CEO of this company, several times in fact... On The Luxuria
Thank you for that. Do you happen to know the weather as well or just the date?
Clearly they were posting a PR they didn't see listed on the message board yet.
Today is September 15th
8-K issued regarding consulting agreement with CFO of Farmhouse, Inc. (OTC:FMHS), and CFO and Secretary of House of Jane Inc. (OTC:HOJI) for restoring company’s SEC fins deficiencies and helping to raise $1M in funding.
Entry into a Material Definitive Agreement.
Effective as of September 1, 2021, the board of directors ratified and approved a Consulting Agreement between the registrant and Lang Financial Services, Inc. (“LFSI”) (the “Consulting Agreement”) for accounting and CFO-related Advisory Services. The initial Scope of Services focuses on restoring the Company’s SEC financial reporting deficiencies.
Mr. Lang, age 63, has over 35 years of CFO-related restructuring, financial consulting, reverse merger, capital structuring, financial process and SEC financial reporting experience. Mr. Lang has been the principal of LFSI, a private management and accounting consulting firm, since 1993. From July 2017 to June 2018, Mr. Lang was the CFO of ORhub, Inc. (OTC:ORHB). From 1995 and July 2017, Mr. Lang was the CFO, Secretary and a director of Aztoré Capital Corp. and its predecessor, Aztoré Holdings, Inc. Pursuant to Advisory Agreements with LFSI, Mr. Lang is currently CFO of Farmhouse, Inc. (OTC:FMHS), since February 2021, and CFO and Secretary of House of Jane Inc. (OTC:HOJI), since February 2019. Mr. Lang started his career with Price Waterhouse (now PWC) in Minneapolis, Minnesota and obtained a BA Degree in Accounting from the University of Northern Iowa.
Pursuant to the Consulting Agreement, the registrant agreed to pay Mr. Lang a rate of $185 per hour; ½ of the hourly rate will be paid in cash and ½ of the hourly rate will be deferred until the registrant successfully raises $1,000,000 in funding; and will reimburse LFSI for usual and customary business expenses. In addition, the registrant issued LFSI 2,000,000 shares of restricted common stock, valued at $.04 per share, the closing price of the registrant’s common stock on September 1, 2021 on the OTC Pink market. The Consulting Agreement is for a term of one year and may be extended by the parties. Mr. Lang is assisting the registrant until such time as the registrant has identified an individual to serve as a full-time Chief Financial Officer.
There are no arrangements or understanding between Mr. Lang and any of the registrant’s officers or directors and any other person pursuant to which he was engaged. There are no family relationships between Mr. Lang and any of the registrant’s officers or directors and Mr. Lang has not entered into any transactions with any of the registrant’s officers or directors requiring disclosure under Item 404(a) of Regulation S-K,
The foregoing description of the Consulting Agreement contained herein does not purport to be complete and is qualified in its entirety by reference thereto, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference…
https://www.sec.gov/Archives/edgar/data/0001647705/000146970921000061/gbbt8k_090321apg.htm
2.1mil bid at 4 and 1 mil bid at 3...that's over 50% of float..
Yah somethings up but I can't put my finger on it. Those 2 milly bids have me on alert. Thats almost 40% of float.
If im not mistaken this a new securites counselor on otc markets
Use to be that florida att. Johnathon something...
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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."
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
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