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Plus new stock symbol coming
https://finance.yahoo.com/news/global-payout-changes-name-global-130010314.html
New website and new name:https://www.globaltracsolutions.com/
This is the product:https://www.innonutra.com/
Maybe micro dosing CBD
In my opinion---better get in before the earnings and up-listing announcement while its dead in the water. Probably won't be at this price again ever. Best revenue ever and up-listing to the OTCQB can only have a great impact going forward. Remember there are lots of investment money from outsiders in this company. They won't let this company die when its starting to make money!
Regarding the 2 year audit, my guess is that they are holding off intentionally to cherry pick the two best years which would be 2018 and 2019. This way they don't have to implicate the previous crooked management that raped and destroyed the stock and ran up lots of debt. Also over $900,000 in revenue in the last 3 months with the last month being the main contributor should show a vast improvement when they report in February for the full year. If they show upwards of $2,000,000 they can surely double that or more next year and with 4 million in debt to service they will surely be in a very good position. I believe the bottom is in and I just picked up some more shares to now have 1,000,000 so I'm ready. This is equivalent to 100 million pre-split so I am ready to see this thing hit 10 cents 30 cents, 50 cents and more. We shall see but they have lots of investors still believing in the stock and the revenue generating capability.
From 400k revenue in last 6 months to 40 million over night-what are you micro dosing??
I noticed on their website they took away the "About MTrac Tech"\Guess they don't want their pictures up there anymore.
Third Quarterly report ending September will be out in November so we should hopefully see a nice revenue increase over 2nd quarter.
WOW!!!!!!!!!!!!!!!!!!!! this is huge!!!!!!!!!!
https://finance.yahoo.com/news/global-payout-inc-otcpink-gohe-120000588.html
Cash infusion to pay off debt and carry the business on!!!!
They are still hiring:
Account ManagerSAVE
Mtrac Tech Corp
Las Vegas, NV
Apply on JobzHq
Apply on Free Classifieds Ads - Geebo
22 days agoFull-time
As a leader in the cannabis technology payment space, MTrac just launched a new technology closed loop eWallet application that is redefining the industry.
Be part of a winning team that leads the way in enterprise-level technology software.
The Opportunity: We are seeking an energetic, enthusiastic and organized Account Manager to work with and manage a book of business.
This is a highly responsible position requiring the utmost discretion, tact and professionalism, and the ability to employ resourcefulness and creativity in solving problems and delivering the desired results.
The ideal individual is a smart and organized professional with strong people skills and a willingness to learn and accept more responsibilities.
You must be high energy, able to keep up with tight deadlines, manage multiple tasks and be interested in working hard in a team-oriented environment.
Prior account management experience and the ability to manage details is required.
Our customers trust your judgment to help them solve their most pressing business problems and to support them in their journey to the cloud and to become a digital enterprise.
You will stop at nothing to help them find the right solution to positively impact the business, improve their most important business processes, or reduce their risks.
You are comfortable with complex sales cycles.
Your track record of successful attainment of your targets will be rewarded with one of the most competitive compensation packages in the industry.
Experience Required: A minimum of 5 years’ experience in technology sales with increasing levels of responsibilityComfortable working with C level executives and building necessary business relationships throughout the organizationPrior demonstrated experience in responding to customer calls and emails.
Minimum Requirements: High school diploma or equivalent; Bachelor's degree preferred.
At least 2 years prior experience in account management or inside sales.
Proficient in Google G Suite (Gmail, Docs, Sheets, Slides)Excellent written communication and customer service skills.
The ability to juggle a large workload.
Excellent verbal and written communication skills.
Strong time management and prioritization skills with ability to multi-task.
A positive attitude and a can-do approach to any task are essential.
Please respond for immediate consideration!
Job Type: Full-timeSalary Range: $45,000 - $60,000 annually DOEFor more information visit: www.mtractech.comJob Type: Full-timeSalary: $45,000.00 to $60,000.00 /yearExperience:Account Management: 2 years (Preferred)Technology Sales: 5 years (Preferred
$10,000,000 divided by 100 stores divided by 365 days a year equals an average store sales per day of $274. We all know store sales are better then that so the tens of millions comment is reasonable. Now they need to make some profit on the transactions and pick up some more banks like in Louisiana.
6 months Revenue was $469,081.
So annually at maybe $1,000,000 per year and rising.
Here are the numbers just out:
https://backend.otcmarkets.com/otcapi/company/financial-report/228311/content
They drop the D on GOHED after 30 days on reverse splits.
So back to GOHE
The Company looks forward to offering a more specific revenue update when the quarterly disclosure is filed, which is due no later than August 20, 2019, to remain current.
I bet they are right on with the filing date. I think they are getting the picture that communication is necessary. I bet they have at least $350k in revenue for the quarter -being conservative. 12 months it will be between 1-2 million in gross revenue and climbing. That will help pave the way.
Billie Jo emailed me that their quarterly report will be filed in the normal time frame and is due by August 20. Good to know.
It is to get uplisted to the OTCBB or OTCQB.It is my understanding that the share price has to be at lease 10 cents. Most likely why they never filed the form 10 to get unlisted.
Good catch. Value goes to 29 cents tomorrow but share count gets divided by 100 .
Never usually a good thing as the price not being over $1.00 still wont get them on the NASDAQ.
Been doing this for 35 years. This is the right sick price, at the right time, with the right industry, and with the right solution to a current problem facing an explosive new industry. This is the quadruple effect perfect storm you only see once -if you are lucky-in a lifetime. Honestly this is a gift. Actually the company now generating revenue that will extrapolate exponentially every fricking time someone buys some weed/CBD etc product across more than now probably 200 dispensaries and growing.
GOHE is holding back on info until the big revenue surprise and a instantaneous upgrade announcement like the form 10 filing (it does cost money to file a form 10 and keep up the quarterly reports),just hang in as GOHE mgt wants the stock to soar also since there are many of their old investors hanging on for the big pay day as well !!! PS I'm in for 21,000,000 shares -- YUP!
I think this quarter will double at least. I like the Instagram pics they post nearly every day. They definitely have business going on.
https://www.instagram.com/mtractech/?hl=en
Something is about to happen- We have 85 million shares bid and 57 million ask on the E*Trade site right now
Someone hot on the stock with money and with with all the developments coming on would only have to invest 2.5 million dollars and all those shares would be consumed.
Certainly could happen since they are now in 22 states according to an Instagram post.
Apple pay and debit card-interesting!
This is great . I was wondering when it would happen. Things are moving up!
https://ih.advfn.com/stock-market/USOTC/global-payout-inc-pc-GOHE/stock-news/79952576/a-new-era-global-payout-inc-begins-generating
This is real cool and a very good idea!
https://www.instagram.com/p/ByoCd1uh49z/
Plus this added benefit they posted on Instgram:
mtractech's profile picture
mtractech
Did you know we also serve legal and compliant delivery services? We help #delivery drivers by allowing them to accept digital payments while on the go!?
?
THE KEY TO CASHLESS ® ???
? Beats the drivers having to carry cash around.
Plus don't forget about the new CBD revenue stream coming on board..
Lots of favorable action here for only 1/2 of a penny a share.
well we do have this going for it as they indicate on their website:
As MTrac grows, our team takes pride in offering exemplary customer service and in watching our clients' profits rise. Company data shows average MTrac tickets at a 26% advantage over average cash tickets.
I agree. Actually they have 50 active stores and 100 applications at the moment so lets say they at worst have 150 stores on line and even with 20 people visiting per day and $100 sales/person and a 3% fee (Jardin has hundreds of customers /day) we are easily talking over 3 million but my guess is that we will see many more stores on line by year end.
This could blow up!
200 stores at 20 customers per day and an average sale of $150 at a 3% fee equals $18,000 in fees per day times 365 days is over $6,500,000 in revenue. That's only in year 2. Gonna be grand!!
The quarterly report is in. Not much here for revenue:
https://backend.otcmarkets.com/otcapi/company/financial-report/221083/content
March 31, 2019 March 31, 2018
Revenue $ 123,219 $ -
Cost of revenue - 25,256
Gross profit - 97,963
Anticipated Filing Date:
[Please note that the filing of this notification grants issuers 5 additional calendar days to post a Quarterly or
Interim Report and 15 calendar days to post an Annual Report.]
May 20, 2019
Address of Principal Executive Office:
5333 S Arville St. #206
Las Vegas, NV 89118
Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
Global Payout, Inc. (the “Company”) has been unable to complete its Form 10-Q for the quarter ended
March 31, 2019, within the prescribed time because of delays in completing the preparation of its financial
statements and its management discussion and analysis. Such delays are primarily due to management’s
dedication of such management's time to business matters and the recent change of auditors. This has taken
a significant amount of management's time away from the preparation of the Form 10-Q and delayed the
preparation of the unaudited financial statements for the quarter ended March 31, 2019.
Nice MTrac magazine article:
https://www.instagram.com/p/Bw-ORn1hxs6/?utm_source=ig_web_button_native_share
I was pretty depressed also but they do have 50 dispensaries achieved since October 2018 or 6 months. If they finish with 100 dispensaries by year end, that will start to pay some real wages. May take two years but assume 200-300 dispensaries by year two and that's some pretty good cash flow. Assuming sales revenue of $1,000,000 per dispensary , at 3% fees at 50% take and we are at 3 million revenue a year and growing. Its all about adding more dispensaries and providing sustainable service. By the time it catches on, it will be at 3-5 Cents pr share. Got to just let it ride and buy what you can afford to lose.
Finally getting a nice little rally!!! Maybe it will turn into something. Maybe all the sellers are out. A lot of the stock given out is restricted so that will hold back some selling on a major portion.
FILINGS AND DISCLOSURE
OTC Disclosure & News
ActiveInactiveAll
PUBLISH DATE TITLE PERIOD END DATE STATUS
04/11/2019 Attorney Letter with Respect to Current Information - Attorney Letter-Annual Report 2018 12/31/2018 A
04/01/2019 Annual Report - Disclosure and Financial Statements 2018 12/31/2018 A
Global Payout, Inc.
Condensed Consolidated Balance Sheets
Restated
ASSETS December 31, December 31,
Current assets: 2018 2017
Cash $ 281,781 $ 105,117
Accounts Receivable 324,916 194,648
Prepaid Expenses 30,000 1,000
Total current assets 636,697 300,765
Capitalized software costs and other assets 106,500 1,384,476
Deposits 1,000 -
Fixed Assets-Net 5,583 832
Total Assets $ 749,780 $ 1,686,073
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts Payable and accrued expenses $ 401,696 $ 475,843
Accrued Wages - 34,152
Convertible Notes Payable-Net of Discount of $322,751 and $35,106 3,565,711 3,532,790
Accrued Interest 1,272,500 236,937
Loans and Notes Payable 92,400 -
Loan Payable - related party 200,000 -
Total current liabilities 5,532,307 4,279,722
They have 4 million in debt to service at abut 10-15% interest. They will not be buying back shares
Actually I doubt any other service is working that territory and it looks like MTrac has engaged a service to go after that market (probably speak Spanish also) so this could be a pretty good idea - a monopoly maybe . This could do really well with the block chain technology helping to curtail the corruption aspect and provide a trusted system to gather taxes on a legit basis. I think it has the potential to turn into their best state yet.
MTrac Tech Corporation ("MTrac") are pleased to announce that the Company has formed a strategic alliance with a company in Puerto Rico to offer the Company's signature solution,
https://www.instagram.com/mtractech/?hl=en
looks pretty up to date
Aaron is still working with the company, he is no longer with global which is the parent company he is now fully focused on Mtrac . Got this from