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Hey Guys, member me? I see a few familiar faces still here. I've walked away from this thing early last year but I decided to take a peek into GreenBox, ya know, the backend of what used to be a lil something called MTrac that Global Trac used to make revenue from. Just discovered that fucking Vanessa Luna is the COO of GreenBox now.
GreenBox-POS-Welcomes-Seasoned-C-Suite-and-Payment-Industry-Executive-Vanessa-Luna-as-Chief-Operating-Officer-Ahead-of-Nasdaq-Uplisting
I came back here to see if any of you guys brought this up but it doesn't look like it. Some fishy as shit if you ask me. MTrac was generating half of GreenBox's transactions at one point I believe. I think there needs to be more investigation here. Some backroom shit. Either GBOX used $GOHE to get their transaction volume up or both companies were banking on the SAFE act passing. Maybe then Global Trac would have still been a GreenBox agent with that exclusive license deal.
Bought this morning @ .045, sold half at .09, now sitting long with 6.25K free shares that I can forget about til end of each quarter...
Hard to see this company as anything other than hype chasers who provide short term sales and marketing to companies that ultimately keep their independence and IP. They're only committed to the fintech for 3 more years at most. They did go thru like 4 contract rewrites with GreenBox so I guess the current one could be disposed of sooner than that, leaving shareholders with what value after 5 years? The value of an "MTrac" brand and trademark that could lose its backbone? At a moments notice, all that is the MoneyTrac brand, could be switch to a new agent/partner of GreenBox.
I just don't have confidence in whatever "emerging" market Global Trac attempts to take on next when current management has not proven to me that there sales and marketing services provide value to shareholders.
It's sad I got so invested in MTrac when I believe that Vanessa's plan all along was to use that subsidiary as a stepping stone to set up GOHE with the capital to go shopping in a new "emerging" market - ala this highly speculative $5 billion dollar psychedelic industry in which current management has 0 experience in - besides general sales and marketing.
So what PSYC has afforded itself with, is 3 years of revenue to go out and purchase something material before the contract with GreenBox is up. The question to the share holder is, do you trust Vanessa is going to buy assets with real long term value in a psychedelic space that will be driven by speculation and a regulation landscape that will be under constant change for the foreseeable future...keeping their ability to operate as a constant ongoing concern...
Maybe nothing...but still, it lives on as long as it is unanswered.
I mean crap, this almost happened a year ago:
Global Payout Inc. Completes Two Year Financial Audit, Plans to File Form 10 by Year End
12/04/2018
That is what I find so disappointing in CEO Vanessa Luna's address. The only bit of forward looking information she delivered was:
We are a diverse group of talented individuals that will work diligently to continue to bring in various revenue streams while maintaining key partnerships and expanding to create new ones. Global Payout will take a new form in 2020 as it identifies itself in a variety of strategic market sectors.
It is so vague, we are left to speculate what this will mean for our already depreciated positions as retail investors in the company. What is this "new form" going to be? Will it be related to completed milestones from previous announcements or joint ventures? Or will it just mean new expenses and debt obligations? If Vanessa was ready for primetime, she would have and should have used her letter to shareholders to address any of the following outstanding:
On October 25, 2019, a breach of contract lawsuit was filed in New Jersey, specifically Barry Lefkowitz, David Spector, Carol Gabel, and Sam Spector v. MTrac Tech Corporation and Global Payout, Inc., The lawsuit is in the initial stages and the Company contends that it is without merit, will consider a counter-suit, and will defend it vigorously.
10/25/2019
UPDATE: New filings appear to indicate that both parties will settle and is going to arbitration possibly in February. Looks like MGR2 may get around 6 million shares.
Global Payout, Inc. (OTCPink: GOHE) Announces Multi-Million Dollar Financing Agreement at a 10x Valuation
10/08/2019
MTrac, in June, announced the availability of cellular mobile payment terminals to allow retail cannabis delivery drivers to accept electronic payments from customers on site. Since the launch, upwards of 700 such terminals have been deployed to a variety of merchants operating within this market segment and the Company expects to see this number continue to increase through the duration of 2019 as this specific market sector of the industry expands.
08/15/2019
is pleased to announce that the Company has recently developed a new, second revenue source derived from the multi-billion-dollar CBD industry.
05/20/2019
pleased to announce the release of its system’s API for the purpose of integration with some of the leading POS companies in the cannabis industry.
01/10/2019
Global Payout and GreenBox POS Enter Licensing Agreement to Offer Blockchain Payments to All
12/24/2018
Baker Technology, MTrac and SUPERBAD BRAND Join Forces to Implement Accelerated Turn-Key Cannabis Payment Platform
12/17/2018
POLL: Global Payout will take a new form in 2020 as it identifies itself in a variety of strategic market sectors.
What do you guys think this means?
A. Ticker change to reflect MTrac as the operating company.
announced today that they have structured a reverse triangular merger agreement (the “Agreement”) with Global whereby MTRAC will be the post-merger operating entity.
B. A non-GRBX revenue stream that GOHE will begin selling?
C. A "restructuring/financial/ownership" event?
D. An acquisition.
E. GOHE sells off Mtrac Tech to another company.
In other news...
I called into GreenBox's special meeting with investors today. Ben, the chairman of the company said something about having met their 2019 goal of processing 100 million transactions this year already. Unaudited revenue is looking to be little bit under 3M for first 3 quarters.
GOHE revenue is under 1.5 million but appears to be contributing to around half of the transaction volume generated on GreenBox.
GOHE is on ice, and this lawsuit matter is going to leave a black eye. However, it seems to me that for least through 2020, these 2 companies are going to need each other. If they can get their financials in order, and both open their books, GOHE can survive this pending dilution with the lawsuit. They need to man up and act like a company that is maturing. Settle this lawsuit in the timely matter. Start filing reports in a timely matter and put 2019 behind them. They need to do these things by the end of the year, so that if this product they're offering is truly legit, they can capture enough of the market to become profitable in 2020. And if they open the books, and are operating legally and compliantly in the new year, maybe some actual institutional investors recognize them so that retail can see some returns.
All this is critical status for this company, and they should be pulling double time to get it done. Legislation is on it's way to creating many players in this market. We are going to see if current ownership is in this to win it or are satisfied stickin it to retail. I'm sure GRBX having a noncompliant ISO generating half their transactions will not seem like a partnership they'll want to maintain if they can't get any institutional investors on board either with their own public offering. And if this partnership with MGR2 that GOHE is accused of not honoring is any indication, it makes that 5 (now 4) year exclusive license deal with GRBX look less secure than ever. Especially when you consider that deal has been restructured 4 times already and that they released more GOHE news about diversifying their portfolio in the sales in marketing of other technologies. That's why I don't think Mtrac Tech will ever become the parent or seeing a ticker change.
Me reading between the lines here indicates they are working on backout strategies more so than going all in with MTrac Tech or deliver return anytime soon for in investors. But like a fool, I gotta see this 4th quarter and what they do at least in the first few months of the new year. To GOHE, I say I've got one foot out the door. If MTrac Tech ain't what's cooking in the kitchen, then I'll buy McNuggets with what I have left lol.
This is mostly opinion and this is not to be interpreted as investment advise. Proceed with caution here.
This lawsuit does not look good for GOHE. This is coming from the lobby firm MGR2 we entered into a JV with in August of last year. This is MGR2's amended complaint filed Oct 25th that I pulled from PACER:
AMENDED COMPLAINT in compliance with Court Order of 10/24/19 against GLOBAL PAYOUT, INC., MTRAC TECH CORPORATION
I'm not sure if that link is going to work or not, so here's the jist. The agreement was supposed to entitle MGR2 with 5 million shares of common stock restricted with assurances that there would be no dilution. In the event that a reverse stock split were to occur, MGR2 would be entitled to an additional 5 million shares unrestricted. On top of that, GOHE was suppose to pay a monthly retainer of $1,000 as well as get a cut of revenue for any new business they brought in.
To date, GOHE has not followed thru on any of these obligations. So it seems they used them for a PR release and whatever new business they brought us and then terminated the agreement August 30th of this year.
Looks like MGR2 wants 5,050,000 shares to be issued to them immediately.
Not sure how GOHE is going to fight this one. I would think MGR2's lawyers are elite compared to what GOHE can afford and comments provided in the complaint from Steve Luna and LeBlanc are going to seal their case...
Coincidence both GOHE and GRBX share prices are inching ever so close to each other?
Focus Point:
"We are aware that there is still a long way to go to get this company in a truly competitive position, which will involve a hard look at all aspects of both the public and privately held Company, MTrac Tech Corp., but this arrangement certainly offers us the ability to continue to make progress on all fronts as we strive to optimize shareholder value for the long term.”
If there are still unknowns that remain with a "private" side of this company than I'm very suspect. Is this 2 million that has already been invested over the last 2 years viewable to the public in any of the financials yet? Is there more to this puzzle that is holding up the 2-year audit of the financials due to the dealings done on the private side? This is where our dealings with GRBX I suspect happen. On both "private" sides of each company. Although at least GOHE is showing their revenue in their reports...
All this PR had me doing, is trying to peak over the fence of an empty backyard. Although, I'll admit I did average down at .11 yesterday. Holding at .49 now. Down 65% but if any of this real, and the revenue continues, and they gain enough market share before legislation passes, than I can still see $1 to $2 dollars in the next 2 years. And I'd take that for 4 year ROI on my investment. But who knows, YOLO...
Hey Guys, I've been quite lately waiting to see how things develop. All forums relating to GOHE & GRBX have been pretty toxic lately and I just don't get it. Why is there so much animosity between the two when it is in the best interest of both companies for each to succeed?
This last quarter is going to tell us a lot. Has MoneyTrac gained enough traction to keep it's market share as the SAFE Banking Act makes it way to the Senate? It appears to be getting fast tracked and could be on the President's desk by early next year. Especially during an election season when such a decision could swing the vote and also during a period in time when such an untapped market could provide an immediate short term bailout for this country's ongoing debt crisis.
So, is MTrac ready to come out of the wood works and reveal themselves to the public? Today? No. But they have til end of the year to prove to me otherwise. I've based this timeline on the trajectory of the SAFE Banking Acting getting to a vote in the Senate. They have got to repair their reputation before that vote occurs, while at the same time busting their asses off to prove to investors that they can maintain growth. Such pending legislation also brings uncertainty to the market and could cause businesses in the industry to hold off on any new partnerships with disruptive technologies. Especially when traditional banking options could be less than a year away. Other things they must addressed before then:
1. Provide an update on their partnership with GRBX. They are our backbone. And there are so many unknowns with them as a publicly owned company as well. Plain and simply, there is no chance of Moneytrac going "public" for real if the facts aren't straight between the two, and that GRBX is a technology IP that will we not lose the rights to.
2. This audited financials have to be released giving new investors the prospectus they need to make a good financial decision.
There are many other things they could do to improve their appearance. And there are a lot of previously announced partnerships that GOHE could release good news about, but the truth remains: they are running out of time to be seen as an "emerging" fintech payment solution rather than just another half-baked attempt to capitalize on the blockchain craze.
The first thing they could do to repair their image is to submit their quarterly without needing to request an extension to file late.
135K block just went for .40 cents....hmmm
I do remember that, but I'd classify it as manipulation under the old management. And that's one thing that the R/S could have accomplished. They could be burying Hancock for good. They may be diluting some again, and if it persist I'll shut up, but they could be making sure those old dirty bastards can't crash the stock or control the share price.
I know it may not sound likely and I have no idea. But if they needed to do so, in order to kill off the old guard than so be it. While the company is on the OTC and with probably less than 1,000 shareholders, they probably decided to do so now before any national interest in the company takes place.
Again speculation, but it was always going to be the shareholders who take it on the chin. I just hope their plan pays off for everyone still holding in the end. And to me, that's yet to be determined if you haven't sold.
I did. I've stated revenue projections multiple times. I still think they could reach million dollar quarterly revenues by years end. Their house is still made out of cards tho, so I'm not sure if that would be enough to stabalize the share structure or not...
Research on prospective new states to tackle next:
West Virginia
8/5/2019
State blames banking for delay
from the article:
"West Virginia officials estimate medical cannabis sales are two to three years away from launching.
They said that is primarily because state-legal marijuana companies have difficulty obtaining banking services since many banks and credit unions fear punishment by federal financial regulators if they did so.
West Virginia lawmakers passed legislation earlier this year to try to fix the problem.
The legislation, HB 2538, acknowledged that the implementation of the state’s MMJ program was being delayed by the “inability to provide banking services needed to collect and remit the fees, penalties and taxes authorized” by the MMJ program.
...The state banking legislation included language to protect financial institutions that serve legal cannabis businesses and authorized the state treasurer to take bids from institutions interested in providing banking services to the MMJ industry."
It's pretty whimsical to think that national banks will be capable of servicing the MJ industry any time soon. Especially since all progress has been led by the states to date. Even if the fed legalize it eventually, I believe the states individually will continue to control these markets. The MTrac platform is unique in that it is primarily a service that transfers money. The fact that the service is not bound to any national banks or traditional payment gateways that take days to settle, is the exact reason why it has a chance to succeed. MTrac can cater to each state's individual legislation and work with state banks and treasuries at a state level that national banks will always have a hard time dealing with.
If you read that second article in its entirety, it's hard not to see how it ties to MTrac's PR from yesterday...
But none of these state banks want the publicity associated with MJ. They don't want their named nor their inevitable growth to be tied to the industry just this moment.
And it's even more telling that a state senator has a financial incentive to bank this industry.
The only longs who have lost are the ones who have sold.
Further research:
The working relationship that currently exists between banks and the marijuana supply chain stop at making cash deposits in person at banks willing to do business them.
"pot businesses can’t get debit or credit cards or use checks."
"State Sen. Jeff Stone, a Republican from Temecula, said the state is losing “probably hundreds of millions” of dollars in taxes each year because marijuana retailers can’t write a check to the state."
"State lawmakers say such banks would make it easier for licensed pot retailers to pay their taxes, which fell far short of expectations in the first year after legalization."
“This is as close as we can get until the federal government changes its policy,” said state Sen. Bob Hertzberg, a Van Nuys Democrat and the author of the bill that now goes to the Assembly.
5/29/2019
Plan to create special cannabis-friendly banks moves forward in California
"A handful of small Louisiana financial institutions are quietly moving forward with providing banking services for the state's medical marijuana industry, tentatively relieving an uncertainty that dispensaries and growers have faced throughout the U.S."
"...according to sources close to the marijuana industry, Cottonport Bank, based in Avoyelles Parish, and ASI Federal Credit Union, based in Harahan, appear to be moving ahead in the marijuana banking business."
"Another bank that gave dispensaries the OK — at least temporarily — is Farmers-Merchants Bank and Trust, a Breaux Bridge-based institution that manages about $295 million in assets and has eight locations in the Acadiana region.
The president and CEO of that bank is state Sen. Fred Mills, the pharmacist who ushered through the legislation that enacted the state’s medical marijuana program."
4/15/2018
Louisiana medical marijuana industry finds tentative bank partners
So when you argue that the big banks are ready to swoop in, I don't think that's really happening. All the banking solutions that are out there are state run, small institutions. This is an emerging new financial industry. In Louisiana, MTrac could be working with this state senator for all we know. And if MTrac's state-oriented model proves successfully and demonstrates compliance and increased tax revenues, then the lobbyist we hired can really start working some magic behind the scenes at the federal level. And also, having a possible state senator on your side doesn't hurt either.
Overall, I am an advocate of state-run financial institutions anyways because the big banks are all in bed with the fed. I'm attracted to MTrac's business model of providing services to states who are legalizing marijuana. It's rare in today's age where individual states are leading the way for change.
No doubt, all the pieces to this puzzle are scatter and ambiguous at best, but I'm holding still. And just because we're talking about a sprouting billion dollar industry, there's just way too much federal red tape to work through before any national bank attempts service it.
MTrac had the honor of securing a relationship with the bank as its pre-approved sole provider of card processing services. Because the bank developed its compliance program to offer accounts to the growers, dispensaries and all ancillary MRB’s, this relationship provides MTrac with the opportunity to offer its services to the entire supply chain by showcasing its proprietary B2B payments technology in addition to its retail services.
Sure sounds like MoneyTrac is a scam to me. /sarcasm
I guess those gift card payment companies and big banks are leaving us in the dust after all....
I was that customer and the product their selling is unique enough to me. That product is simply "white-labeled" GreenBox technology. That technology has potential. GOHED's fate relies solely on their relationship with GRBX. If you don't see or care to speculate on the bigger picture than I don't blame you. Waaay too much risk involved and it's absolutely true that management is not delivering on their own milestones that they laid out for the company. I'm sure they don't care about anyone currently holding their stock. We're not big money, we're retail. Retail is always last in line for any potential return on investment.
You say the competition has left them behind, but who is that? The only one I'm concerned about is $KERN. The other systems I've used at dispensaries in Las Vegas were no where near the convenience of MTrac. At Reef dispensary, you use your CC to load a gift card to then make a purchase. I didn't have to sign any paperwork or agree to terms to make a purchase using MTrac.
But anyways, if GRBX survives the scrutiny their under and nothing is revealed about them violating regulations, I still see these two companies merging in the future.
The biggest binary event for me is federal legalization. I'm hoping that both these companies get their shit together before that happens, because that's when they will merge and it will be an automatic win for the GreenBox Technology platform as a whole because $GRBX will be ahead of the game compared to any big banks scrambling to get into the industry. And the block-chain angle will give GRBX an advantage to compete and separate themselves from the big boys with their auditing and tracking capabilities.
In the meantime, I am waiting for GOHED to come through on new relationships with local and/or state governments. These other payment companies using "gift card work arounds" aren't going to be acceptable nor compliant with any regulations that may be in the works.
That all being said. Make your own decisions. As a retail investor, you're going to have to take a shot in the dark anyways. We will not know anything until it happens. Good or bad. Just like the R/S.
Just read any one of their quarterly reports. I thought you would have been around long enough to already know this.
In my eyes, a merger is the only good outcome for GOHED. Its is even more revealing that GOHE is using GRBX outside of the MTrac brand as well for the CBD business.
I'm just trying to read between the lines. But it's better than other posts here recently that keep talking about them being above a Mexican restaurant. Like how the hell does that even help people here. I regret taking pictures of that office location...
6) Issuer’s Facilities
As of June 25, 2018, the Company' s main office is located at 5333 S. Arville St. #206, Las Vegas NV, 89118. In addition to serving
as the Company ' s recognized corporate headquarters, this office also serves as the Company' s sales and marketing hub for all
merchant sales. Currently this office is home to 7 the Company' s employees. The monthly lease amount is $1,760.85 as of January 31,
2019, and will increase to $1,848.89 as of January 31, 2020.
The Company operates a second location in 8880 Rio San Diego Dr., Suite 800 San Diego, CA 92108 which serves as the Executive
Offices for the Company due to its proximity to the GreenBox POS, LLC corporate office location. The lease is on a month-to-month
term for a monthly lease amount of $2700 for 3 offices.
I am in both too. And I've tried asking GRBX how much of the transaction volume on their platform GOHED is responsible for. They won't tell me, yet they share the same office space so makes even more sense.
I get GOHED left a bad taste in everyone's mouth, but at least GOHED has shown that they increased their quarterly revenues from 0 to 125K in 3 quarters. And if we are 50/50 splitting transaction revs with GRBX, you don't think that looks appealing for GRBX? Especially how cheap it would be for them? If they survive the rest of this year, GOHED is going to have record annual numbers as far as I can tell.
But we shall see. They're both still OTC companies. I don't think GRBX would concerned with any PR issues related to a potential merger. They're going through those right now too. Besides, I'd rather my shares be rolled up under GRBX so that VL isn't steering her own ship anymore....
I'm still gambling on a merger between GOHED and GRBX where GOHED becomes the sales & marketing wing for GreenBox technology. Seems even more plausible now that GOHE's outstanding share count could easily be gobbled up by GRBX now. My position has already burnt to the ground. Might as well see if anything rises from the ashes.
This is purely speculation on my part and the decision to hold is because I've come to terms with losing it all if it comes to it.
We're stuck "holding on" until our new shares become available in our accounts. Might take a few days. I'm not sure how or why this thing opened at .92 today. If you wanna sell, you could try contacting eTrade's customer service for direct assistance. Have no clue where the price will be by the time I see my new shares in my account...hoping they start dropping material news soon. That's all us longs can hope for at this point. And praying they don't have to dilute any further.
Also not sure about how volume is going to shape up next week but when mine become available they'll be almost double today's volume and look at the volatility today. Look out when everyone gets full access to their shares. I hope we have buyers next week.
See a couple of trades went thru so far. It's all over the place. It's at .51 for me currently in eTrade which is up pre-split by a lot. Low volume tho. See a trade at .11 which would be a horrible close today, but also see .92 and .90 traded. I'd take a close over .3 at least please.
DATE | TIMESTAMP| PRICE| VOLUME |TICK DIRECTION CHANGE
07/19/2019- 12:56:34| 0.51| 200 | 0.15
07/19/2019- 12:50:50| 0.36| 3,000 | 0.25
07/19/2019- 12:50:16| 0.11| 5,000 | -0.25
07/19/2019- 12:50:15| 0.36| 1,000 | -0.19
07/19/2019- 12:37:54| 0.55| 100 | -0.35
07/19/2019- 12:02:54| 0.90| 155 | -0.02
If they don't follow this up immediately with material news like the 2-yr audit or a quarterly report showing a bigger jump in revenue, than the R/S at this time would indicate a short term strategy to raise funds and pay for services rendered. If I was convinced that dilution was over, and that they were generating enough revenue to sustain themselves, I wouldn't be afraid of an R/S. But nothing they've done over the last year, indicates they are ready for the long-term...Not selling, but not hopeful I'll see this get anywhere near the .75 cents I need to break even before the shareholders GOHE values so much are further diluted out of their positions. I guess for current management, they would also be cutting the old management outta the picture as well...
What did their PR even mean? It hurt my brain trying to read thru all the extra verbiage.
"With the valuable pieces we have in place and the excellent foundation my team and I have established, although there can be no absolute assurances, I truly believe we are in an optimal position to continue this path of expansion. As we continue to work towards finalizing our two-year audit, I expect to make additional changes in corporate structure and re-organization with the intent of enhancing shareholder value for Global Payout. We plan to keep shareholders apprised of our continued initiatives and appreciate the ongoing support.”
Here it comes next. An increased authorized share count.
Ah gee, please don't increase authorized shares next. You guys were supposed to have turned a corner in 2019. Vanessa gonna be like, "It is my very strong opinion, that we are ready to deliver value to our shareholders in 2020."
I hope they've got a bigger plan here. Maybe change that symbol and get rid of GOHE once and for all. The split would drop the float considerably, but I don't know where that stands currently (1.3B as of 4/09) and whose gonna buy this at ~.25-.29 tomorrow or next week? Do they delivery PR on Monday? Hope so, or our market cap is gonna fall below 10M...
If you want to highlight year over year totals of the company's outstanding share counts, do you have an opinion on their year over year revenues?
Yea, it's looking like the O/S in 2019 may very well end up tripling but do you still see a death spiral if 2019 revenue more than triples any previous recorded year in the company's history? Wouldn't that mean an overall increase in market cap?
That said, I'm holding shares until one of two things happen.
1. My shares sink with the ship.
or
2. GOHE merges with GRBX when the fed finally legalize it becoming sales & marketing for the actual technology. Both companies are in merky waters right now and they could help legitimize each other's books...who knows how the future plays out. Still see a faint chance of return here.
I definitely believe that is the situation here. I wouldn't be surprised to see one more change in accounting and/or auditing firms to get us to 2020 before that filing happens.
Current management probably wants to erase the old guard entirely from their books before they have a "coming out" party. And if it is true, I'm not necessarily mad about it. But it does also give current management an out, in case they can't deliver or have some shady dealings on the books they're keeping. I expect we'll be in limbo for the remainder of the year and until they release that information, this is very much a gambling stock as there is no certainty they can or will deliver. It's also why I think the equity purchase they reported in their annual is kinda suspect. Will they just be handing over the keys to someone else at the end of this year?:
12/21/2018 - Payment USA, LLC - E.W. Wright- $150,000 - @ .0025 with common stock purchase warrants for up to 340,000,000 additional shares. Warrants expiring one year from execution.
Try looking up information on this E.W. Wright or Payment USA, LLC. Everything I found looks super suspect.
If this is him, his LinkedIn says he works at EBS Merchant Solutions and hasn't worked for Payment USA since 2016:
EW Wright LinkedIn Profile
Thank you for you guidance Joe. You provide valuable knowledge to this community and help us all make informed investment decisions..../s
Just curious, was anyone even aware of the private side of this company in 2018?
Was this it related to the private company?
GreenBox POS Takes Over All Parent Company’s Business and Assets; Definitive Agreement Completed
Has anyone seen this before?
After the customer pays with a debit card or Apple Pay, the machine's robotic arm grabs the selected product.
Wonder how the payment side of this works?
Just saying, 100 customers sounds like we'll reach 500K in quarterly revenue this year...
Can we please "unstick" Stormy from the top of this board?
How I see it, is that she played the role of a shark, like Mark Cuban or Mr. Wonderful on the show shark tank. She saw an investment opportunity with a start up company in a space she was already in - from being a vocal cannabis advocate to her role with CannaKids are just a few examples.
She got 80,000,000 restricted shares in exchange for:
1. Providing $GOHE with a $15,000 loan (where she'll make a few grand on the return)
2. Services rendered from however much time she spent as a Strategic Officer (which, in my opinion was indeed a "strategic" move and tactic by GOHE to lend itself credibility during a period of transition from old dirty management to an unproven and inexperienced team of "leaders" after the merger).
3. And whatever skill set her son provides from his employment with the company, who I'm guessing was her farewell gift to $GOHE as she left her role with the company on March 1st.
She quite likely cashed out already as well since her restricted shares probably vested with her departure. On March 1st, the low was .0052 so she could have realized gains of a cool 416K for a year of her time. The sharks on Shark Tank would be envious of that quick flip. The annual report seems to support this as well in NOTE 9 - SUBSEQUENT EVENTS:
Since Jan 1, 2019, we have sold 83,333,333 shares of common stock
Her March 1st departure was between Jan 1st and the filing of that report April 1st.
Now don't get me wrong. She played a role in the survival of this company during that awful transition. But I don't think she's a long term player anymore here. We have her son and maybe still her contact info and a good standing relationship with her to leverage in future partnerships/deals, but she is indeed on the outside looking in now. And in my opinion, that is a good thing for GOHE because we would have probably been looking at giving her another 400K or more of incentives to keep her around for another year.
This is of my own opinion and is not to be considered as fact or advice. I do own .0004% of this company lol.
I'm expecting 400-500K revenue for Q2...
"...just for stringing everyone along, and never really do anything companywise, except b.s PRs."
This could be the 2nd quarter in a row in which the company has beaten a previous stated revenue projection in one of those b.s. PRs.
Is that not a positive development? I'm not happy about this further devaluation either, but I can't see this going below .0025. Especially if the Q1 report just a week away shows revenue increasing to a quarter million dollars. Pretty sure that's more quarterly revenue than I ever seen reported by this company for at least the last 3 years I've been following. If that keeps ups, it's going to be hard to keep lumping current management in with the mistakes and bad history of the former.
Actually, with a Q1 report that shows >200K in revenue, that will be more revenue reported in one quarter by GOHE than any reported annual revenue over the last 4 years.
You are right about the manipulation tho. I'm fearful of it as well. But manipulation can also reverse this negative trend. I just can't let go of these shares I got and the revenue projections I posted a while back on here.
Where did you get 4 million in debt from TWK?
The number I've got is a total outstanding balance of $2.09M.
Which if revenue growth keeps up, I'm looking at annual revenue for 2019 to be 2-3M this year, with a chance of even exceeding that.
No doubt a lot worse can happen. Start up companies tend to fail more often than they succeed. And what I outline is definitely best case, but it also includes the negative aspects of the company that management still has yet to address.
This is not a mature company, nor should it be perceived as such. Most critics on this board seem to be judging this company as if it weren't a startup. As if they have a history of past performance that they're not living up to. But all I'm saying is that from Q3 2018 to now, GOHE is starting to make progress. And there is proof in each quarterly report they file. That is all we can expect to see. And if they continue to prove that the trajectory of this revenue growth is no joke then watch out, GOHE may come out the basement smelling like roses before the end of 2020...
Well I just realized they updated the shareholders of record count a few weeks ago:
Shareholders of Record: 782 -- 12/31/2016
Shareholders of Record: 829 -- 04/09/2019
GOHE's OTC Security Details page
As a long, here is what I expect to see over the next few years...
2019
-We will see the share price dip further into .002-.003 range.
-We will get further delay of the 2yr audited financials, likely until EOY or Q1 of next year accompanied with another change in accounting firms at some point as the "reason" for this delay.
-Quarterly revenue will continue to rise and likely to reach 1M by Q4.
-GOHE will resolve all bad debt on the books by EOY.
-We will see further dilution of another 500M shares...or GOHE will begin buying back shares. If GOHE continues to exceed revenue projections yet negative sentiment from the continually delayed audit and other PR blunders keep the share price down, I can see them buying back shares that may be coordinated with the execution of those warrants by the two new big investors to offset the dilution. Possibility of seeing an overall reduction in outstanding shares by a considerable amount, if quarterly revenues do hit 7 digits by EOY.
2020
-GOHE will become fully reporting and SEC compliant.
-GOHE will reach share price over .25 cents.
BEYOND 2020
-MJ will become federally legal.
-GOHE and GRBX will merge.
-GOHE shareholders still holding from the rough times of today are going to get the return they've been waiting...