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Shows the Confidence Level moving forward
-Shows they dont plan on taking any more debt on anytime soon unless the stock rebounds
-Shows they didnt need all the cash they took out, although they have been hiring I would have hired more employees for sales. They have no cash problems with this move going forward in the future.
-Shows they are confident in their products. If the company was in trouble or thought the stock price would continue to tank, they wouldnt be doing a buyback right now. They would wait until the stock hits 20 cents like a few other clowns keep saying.
-They just bought back more shares then the original finance back from November, LOL
-Interesting they waited until the end of the day to post this and not tomorrow morning.
-A lot of confidence Glance showed doing this
Because Lao sold all at 20 cents, LOL
-That's why he is bitter.
Good Read posted
-100 restaurants signed Q3, pushing them over 500 in Q3.
-I estimated at least 500K in Rev for Q3. That could be closer to 750K or even over $1 Mil for the quarter depending on how many new users signed up for the App. That is a good sized increase, not withstanding, Fatburger and their 150 stores.
Its for Grocery Stores
-This article pretty much sums it up. And this app has disaster written all over it when you factor in most people use coupons at grocery stores and the prices for stuff at groceries stores are a lot of times marked up, marked down, or need to buy a certain amount to get a discount. It also has zero reward system built into it and its only at Amazon locations.
-It has nothing to do with restaurants or Marijauna or Glance. Just grocery stores, and right now strictly through Amazon, no one else.
https://www.romper.com/p/how-much-does-amazon-go-cost-it-will-make-grocery-shopping-much-faster-24141
Are you stupid?
-Put the address in google maps. The one in NY has a big red sign that says retail space for lease. The other one is a huge building in San Jose.
-Why do you post here? You dont own the stock, or arent short the stock, why do you even come on this board?
-Its baffling.
Read the 12-14 Filing, both of you
-Then you can call me a liar. Word for Word directly out of the signed off UW filing from Glance and Echelon and UW with the canadian securities commission and exchange as I just copied and pasted the information for you two to read.
Glance intends to integrate elements of the Blockimpact technology into its existing Glance Pay platform by a
combination of using its internal development team as well as some external consultants that were involved in the
creation of the Blockimpact platform. There may be significant modifications to the technology to make it
appropriate for the envisioned rewards based cryptocurrency and its utilization within the Glance Pay platform.
Glance intends to create a rewards based cryptocurrency that will be given out as rewards for purchases conducted
via the Glance Pay platform by Glance and likely by some merchants that utilize the Glance Pay platform. These
rewards in the form of a cryptocurrency will then likely be able to be redeemed within the Glance Pay platform.
It is envisioned that the cryptocurrency may also potentially be exchanged for other currencies. Going forward, this
technology should generally expand Glance’s capabilities with blockchain technology to enable it to take advantage
of future opportunities related to blockchain technology, should they arise.
-They reported in the filing and Penny Green tweeted the involvement with Bitcoin. And now they have a job available for an Ethereum specialist. Its directly in the dam filing. You are like a flee that doesnt go away.
What 3.9 million?
-They had 10 in the bank on the securites and exchange reports and financed 11 which was 21. They reported a cash balance of 17.5 That's 3.5, not 3.9
-They made a payment for blockimpact for $1 million, and had a 7% UW fee for the finance deal, which is another 770K. That's 1.8 mil taken out.
-That leaves 1.7 Mil. left hanging. They still owed 350K for the completion for blockimpact when its completed, which may have been paid, may not have been paid yet.
-I do not know where the rest went, but at least get the numbers right. And they have been hiring people, had a 40K + / - expense for Davos, and running a commercial which had a fee.
-If they paid off block, you are looking at 1.4mil hanging left that we dont know where the funds went, yet.
Its locations and KFC is
-Exploring additional options with Crypto and paybyphone, but are using and testing Bitcoin in canada. There is zero tie in to Glance, yet, that I know of. But since Glance does not have the tech developed yet, they could only talk about it and the future for now, not set up a crpto currency pay option now for them. They need to get the apps and tech completed asap.
Well, they didnt lie, New Job Posting
-First they replied they were working directly with Bitcoin to build an app for bitcoin use and trade through the glance system. That was in the filings and Penny said it again yesterday. Now a New job posting for Senior Ethereum blockchain developer. That's the Top 2 crypto's right there Glance said they wanted to target, is Ripple next in line?
-I guess some on this board are going to claim Glance really isnt setting up a phone application to trade and exchange coins and tokens through blockchain crypto and the job postings and OTC filings are false advertisements only, lol.
-Davos is going to get real interesting when Spiros takes the Mic. Popcorn ready
Pretty Interesting comment made by Penny Green today
-So what they said about Glance building a platform to trade currencies and tokens with speed, is now in writing a 2nd time. One from Sedar claiming that was the long term goal back in November, and this nugget that she posted today.
-So Glance will have its token, which can be, if the puzzle fits together, used to buy goods OR traded for other currencies and tokens, instantly, with minimal fees on a hack free system. Any another competitor attempting this? None at this time.
Penny Green
?
@Penny_Green
7h7 hours ago
More
RT @ceoclips: @glancepay mobile payment is working to integrate their proprietary zero-fraud system with #bitcoin and #blockchain $GET.
This is EXACTLY why I said
-Glance needs to be aggressive, super aggressive, and get this designed and rolled out as fast as possible and exactly why the US delay took place in Silicon / New York. As a 1 year firm hack free and growing with 3 major players in the food chains testing it, more, many more, are likely to jump on board the faster its developed and assuming it stays hack free with a growing consumer base. On the Food and wellness side.
-This is EXACTLY why I said the finance deal of 11 Million aint shit worth talking about. A paltry 133 million shares, when a company like square has 280 million. Pshhh...
-Obviously the company feels comfortable on a 17.5 Million cash position. And with the Echelon deal, they feel comfortable raising the stock price. In the end, it may have been more worthwhile to have financed another 20 million or so, but Glance seems content with their cash position. I would have raised more to blast the competition as fast as possible and get the tech completed as fast as possible, but all target dates look to be in line.
-Considering their other branches will roll out IPO's in the future and Glance holds major share positions in those firms, as Glance and those firms grow, everyone's wealth on all sides grows.
-There's not much not to like here assuming everything is completed on time and they stay hack free.
-Over 30,000 phone downloads and 240 companies on board in 1 year. What's rev going to be next Q? 500K? 1Mil? Its going up from last quarter, way up, Ill tell you that.
KFC in Canada to test bitcoin and Crypto
-As well as other crypto in the future. Now that would be a big, BIG one for Glance. Way bigger than Ricky's and Fatburger. WAY bigger.
-Canada looks to be going all in 1 by 1 by 1 through time into this new technology. Let the best tech win as the train of companies testing out the best products are jumping on board.
-Also love how Kodak tripled in price on the announcement of kodakcoin. All Im going to say is, if Glance gets some substance and significant revenue beats the next few quarters and continues to grow what they have while all these others like LTEA are fluff garbage, look out ahead. Rickys, Fatburger, Best Western, and maybe KFC in a few months, all testing Glance now. Get them all just in Canada, we have over 1000 store locations just from these 4 players, in Canada. With Cannabis the other side of the driver. That's just Canada.
https://www.inverse.com/article/40168-kfc-canada-bitcoin-cryptocurrency-promotion
https://www.coindesk.com/kfc-canada-is-accepting-bitcoin-for-fried-chicken/
If you read the reports the long answer is within
-The technology, how the money is spent, or coins.
-Bitcoin has about 100,000 or so merchants of over a possible 200 million worldwide. So they are worth a ton, but there is a ton, ton more of the pie left on the table. 100K businesses isnt close to 200 million businesses in the world, and bitcoin has its limits and warts, ie hacked
-If you read the reports, the long goal is to speed up the transactions at reduced costs with fraud protection and rewards while driving clients to business partners. The long term goal is not only the merchants accept the coin while saving the consumer money while preventing fraud, but the coins can be TRADED instantly for other coins, like bitcoin, or etherum, or whatever the client / merchant wants.
-Glance intends to integrate elements of the Blockimpact technology into its existing Glance Pay platform by a
combination of using its internal development team as well as some external consultants that were involved in the
creation of the Blockimpact platform. There may be significant modifications to the technology to make it
appropriate for the envisioned rewards based cryptocurrency and its utilization within the Glance Pay platform.
Glance intends to create a rewards based cryptocurrency that will be given out as rewards for purchases conducted
via the Glance Pay platform by Glance and likely by some merchants that utilize the Glance Pay platform. These
rewards in the form of a cryptocurrency will then likely be able to be redeemed within the Glance Pay platform. It
9
is envisioned that the cryptocurrency may also potentially be exchanged for other currencies. Going forward, this
technology should generally expand Glance’s capabilities with blockchain technology to enable it to take advantage
of future opportunities related to blockchain technology, should they arise.
Glance uses two forms of credit through the Glance Pay application which users can use instead of fiat currency
through the Glance Pay mobile payment network. Users can receive Glance Dollars which may be used at any
merchant on the Glance Pay network, they can also accumulate merchant dollars, redeemable at a particular
merchant by spending money at that merchant using the Glance Pay application.
Glance’s strategy is to rapidly adopt a cryptocurrency to be used instead of the Glance Dollars which will be offered
to a broad range of consumers, although the application will also be marketed to cryptocurrency users in leading
urban centers. Tokens will be granted as a reward to users of the Glance Pay mobile payment application. We are
currently working with experienced cryptocurrency teams to assist in the development of the creation of a new
rewards-based cryptocurrency to be integrated with the Glance Pay mobile payment network. Any offering of
tokens will be subject to regulatory review and advice.
The time frame for the adoption of Glance’s rewards-based cryptocurrency is currently indeterminable, as it depends
on the time it will take for Glance to complete the development of the cryptocurrency and to integrate it with the
Glance Pay mobile payment network. Glance’s goal is to have it fully implemented by April 2018. The exact cost
of development and implementation is also indeterminable but we estimate it will be approximately $1,000,000.
They are partnered with Glance.
-Announced the 7000 US store locations added in the United States November 20. Announced the netcoin 6 days later. Stock went from 92 cents to 6.50 in a week. I would watch for PR releases from them. If Glance gets a piece of that 7000 in the US too with blockchain announcement the same time, fireworks. Last time Glance partnered with them in Canada for 4000 locations, stock doubled in a week.
-Said this long time ago. You are either in, or out. Penny pinchers lose when major trading halts happen on Big PR's, unless you hit it very lucky the day prior. Which, 99% of people dont and are full of shit.
The funny thing is
-In the last 7 days, Ive watched 2 stocks run up hard just by announcing the word blockchain.
-LTEA, a company I was looking at over a month ago, and TEUM.
-TEUM more than doubled in a day on the completion of blockchain.
-LTEA, a company that has zero affiliation and is a beverage firm, ran from 2 bucks to 9.5 in a day, a company that looked like garbage to me a month ago when someone asked me about it. Because of blockchain.
-When Blockimpact from Ztudium Limited is completed in announcement by Glance for crypto blockchain, whatever day that is, expect a trade halt. And you should know which way its going
-And Runners, when it happens, Im just going to say I told you so.
It could go to anything. Example provided
October 12, 2017 – Vancouver, B.C. – Glance Technologies Inc. (CSE: GET.CN) (OTCQB: GLNNF) (CSE: GET.WT) (FKT:GJT) is pleased to announce that Cannapay Financial, a significant subsidiary of Glance, has acquired an Ayurvedic wellness product line. Cannapay will develop new products and a supporting lifestyle app to distribute content that will enable customers to realize the beneficial properties of Cannabis and THC.
Ayurvedic medicine treats Cannabis as an ancient miracle plant. This acquisition is the second acquisition of Ayurvedic products Cannapay has made this quarter. Cannapay intends to partner with licensed producers to create cannabis infused products to sell in Canada and distribute internationally where legal to do so.
-That's a company with zero ipo raising cash. No one said the bar was set at 2.5 million. It could be more, depending on who are what they are targeting or partnering with. Business plans often change pending markets. Maybe they spend 5+ million, maybe more. But thats speculation at this point.
You should care if you own Glance
Considering
1) Echelon struck deals with both firms within the last month
2) The COO of Glance owns both firms
3) Both firms are building together 2 paybyphone apps for direct sale and distribution of Marijuana
4) Glance has a huge ownership in that firm
5) Glance is hiring the Chief Executive Officer of that firm, with the jog posting on Glance's own website
6) I dont need luck. Nor did i tell anyone to buy into that firm. But you should consider owning 8 million shares in a company to have some kind of value, unless you think Cannapay is going to fall on its face, which impacts Glance's future revenue.
The COO owns Cannapay, look at the filings
-Its owned by Penny Green. Now here is something interesting. I posted this before. Echelon backed the deal with Cannapay Financial Inc too, on November 27th. Glance owns 8 million shares of this company, or 43%. Cannapay just issued 6 million shares at a .20 cent strike with the Warrants set a $1 in a rolling 12 month window. And they have no paybyapp even built yet for Marijuana. Cannapay gave the shares to Glance, all 8 million of them, for .05 cents when the deal was struck.
-I also posted that in the filings, Cannapay will pay a consultant 10K a month once the firm makes net income of 40K per month. That consultant is probably or maybe, the "same person" as the chief officer they are planning to hire, with stock bonuses. They are probably getting aggressive and expecting the rev., maybe
-Echelon knows something, or Glance sold them on something, and Echelon is banking on Glance and Cannapay to hit it out of the park in the next 12 months. Cannapay doesnt even have an IPO, yet. That Warrant price is ridiculous when Glance took 8 million shares earlier in the year for .05 cents, under Penny Green's guidance.
Could be a number of things
-There could be something else that was supposed to get cleared by IRROC, but didnt yet or is still pending PR. Trading resumed 30 minutes after the Sedar was posted. The premarket in Canada was up huge at that point.
-I reread the Sedar again from the original cash flows from earlier this month. They had approx. 10 mil cash based off Dec. 1st filing. They should of had over 20 million after this deal was completed even after the UW payouts.
-About 2-2.5 million went to something, that is a decent chunk of money spent in under 30 days. It just didnt disappear. They have 2 Chief Officer postings recently listed for their partner companies.
-The question is, what was this cash spent on. It certainly wasnt Davos, or new hires, or a CBC commercial.
Now this was in bold in the original Sedar for the cash advancement from Echelon, and Im highlighting this.
"Glance intends to use some of the proceeds for strategic acquisitions and investments into companies to build
a larger ecosystem"
-Now they gave cash flow breakdown of 3-7.5 million to be spent by approx. next April and that includes new hires and their initial US expansion. That still puts them under the original 10 mil they had, plus any rev, plus with additional payouts and royalties the 3 partnerships are still paying them in time.
-This tells me they are either joining another significant partnership, or potentially buying someone out. Something significant is going to hit PR. Up to 2.5 million just doesnt go poof in thin air in less than 30 days during Christmas season.
Think about it logically
-If you were sitting on $10 mil give or take cash on hand. You include 0 Rev next quarter which wont be the case all at. And your blockchain and crypto is already paid out, or 300K away from being paid out, what are you aggressively pursuing and buying?
-If you hired 10 employees in the last 30 days and paid each 10K a month, you are only looking at cash burn of $120K burn rate for 1 month. Throw in 40K for Davos, $160K tops, assuming they paid it already. And whatever the CBC commercial cost.
-We are talking around $2 million here give or take.
-Go back to the prior filing and look at the cash burn breakdown the company provided to Echelon and the Underwriters. They listed $3.6 million for strategic acquisition and investments.
-They didnt necessarily need this money right now at this given time. They took it because they are targeting something and wanted the cash to buy it, whatever it is.
Principal Purpose Approximate Use of Net Proceeds
Strategic Acquisition Opportunities $1,408,000
Expansion of Technical Team $1,800,000
10
Marketing For Mobile Platform and Company $3,100,000
International and Regional Expansion $1,400,000
Potential Investments and Acquisitions $2,200,000
Miscellaneous Corporate Purposes $170,360
TOTAL $10,078,360
Something hasnt gotten released yet, and here is why
-The company filed a report when the offering was initiated with cash in hand of around $10,000,000. If the financing deal closed around $11mil then taking out the fees, the company should have somewhere around $19-20 mil. on hand
-The company released cash on hand for $17.4 million in Sedar.
-They have new hires over / under 30-60 days old and a commercial running in Canada with CBC not starting until January. They paid approx 800K to Ztuidium Blockchain in December, and owed 300K on the difference when its officially completed, unless they are way ahead of schedule here, add in 300K.
-And collected a check from Asiapay for 250K end of Oct.
-Somewhere a long the line there is a short here and cash burn of around $2 million give or take for something else in a little less than 1 months time.
-Something else is happening here and it isnt Davos which is a 40K give or take event.
-Acquisition or something, something hasnt been released yet.
By Whom?
-The COO of Glance owns a marijuana company, operated by Glance, in a partnership with Glance, to buy and sell Marijuana through paybyphone distribution.
-This buy out stuff keeps getting thrown out there. But a US company isnt going to buy a company directly or indirectly tied directly to Marijuana sales in Canada. Its illegal for pete sake at the Federal level in the US, I must of posted this 50 times already on this board.
-If you think a Canadian company is buying them, I have serious doubts. But we'll see. Unless the COO is just going to part ways with Glance and retaker over Cannapay. But that makes zero sense since Glance is hiring 2 chief officers for both Cannapy and Asia Holdings, where Glance owns huge parts of both companies.
Netcents is also halted on IRROC
-Was up almost 30% prior today. Released a week ago, they added 7000 US Merchants from Sedar Reporting to their base of 4000. Partnered with Glance.
-This is going to be VERY, VERY interesting....
GLTA
Interesting, because Cannapay also has a job
-Makes me wonder that 2 of their partnerships are hiring Chief Officers.
The COO runs this company as a branch off Glance, now this.
Chief Technology Officer
CannaPay Financial Inc - Vancouver, BC
Job Summary
Are you intrigued by both the Cannabis and Fintech industries? how about Artificial Intelligence and Blockchain Technologies?
Are you Exhilarated by the opportunity to develop a company’s technology backbone from the ground up & be the mastermind behind putting all the various technology plays together?
Do you desire to be generously compensated & Work and play in a laid back, innovative and fast paced company that is led by highly successful entrepreneurs?
If you said yes, then this rare opportunity may be a great fit for you.
Responsibilities and Duties
Who we are
We are CannaPay Financial Inc .
We are a partially owned subsidiary of the successful Glance Technologies Inc .
We play an instrumental role as part of a unique strategy to acquire and develop cannabis and Ayurvedic products for international distribution through Glance technology’s mobile payment apps.
CannaPay combines traditional financial services with innovative technology to provide enhanced digital financial services to legally operating businesses in the cannabis and holistic wellness industry.
We are building an innovative holistic wellness app catering to this booming and valuable industry with the mandate to bridge between technology and holistic living. This unique App will be connected to an analytics engine with artificial intelligence that analyzes inputted symptoms and results to be able to recommend which strains of products are appropriate for different people depending on their symptoms and body types.
The opportunity
We are very well funded and positioned to become the number one Fintech provider in this space. Helping emerging brands containing CBD or THC to leverage our technology/Apps to raise awareness of their brand in the markets where cannabis is legal.
We are on the hunt for a CTO extraordinaire who is
A hands-on technology visionary who is an innovative problem solver and leader with superb communication skills
Fearless and takes ownership
Passionate about Startups with their unique challenges and opportunities
Diligent and has a strong sense of urgency while executing projects and tasks with cost effectiveness in mind
A "Product Focused" technologist with strong management expertise
has proven analytical capabilities to breakdown complex technical tasks into executable and measurable steps to deliver predictable results.
Qualifications and Skills
Ideally
You have a strong technical background, coupled with flexibility and agility.
You have a solid understanding of -Artificial Intelligence, Cryptocurrency, Blockchain technologies.
Strong experience in- E-commerce, Mobile payment solutions.
You have a strong knowledge of the latest web technologies and architectures
You have and Engineering degree in the field of computer or engineering, or related discipline from a reputable Institution. MBA qualification would be an asset.
Minimum of 6 years’ experience in hands-on development and minimum of 2 years in leadership role.
Job Type: Full-time
4 days ago - save job
Here is where the cash in 2018 is going, word for word
-I also quoted the very high end of the stick at $17mil as the most cash that could, reword, could, be spent in 2018 at $17 mil, meaning, at worst, they should have $4mil + any additional rev in the bank for the next 4 quarters a year from today plus an additional $1.6mil depending on warrants and execution. I like looking at worst case scenarios.
The Company currently intends to use the net proceeds from the Offering as set forth in the following table:
Principal Purpose Approximate Use of Net Proceeds
Strategic Acquisition Opportunities $1,408,000
Expansion of Technical Team $1,800,000
Marketing For Mobile Platform and Company $3,100,000
International and Regional Expansion $1,400,000
Potential Investments and Acquisitions $2,200,000
Miscellaneous Corporate Purposes $170,360
TOTAL $10,078,360
OBJECTIVE TIMELINE ESTIMATED COST
Low High
Employ two or three people in sales and business
development in the United States to sign up merchants for
Glance’s launch in the United States February-18 $ 420,000.00 $ 600,000.00
Completion of Whitepaper to detail cryptocurrency strategy January, 2018 $ 50,000.00 $ 100,000.00
Technology development to allow the Glance Pay App
merchant app to be downloadable in app stores January, 2018 $ 40,000.00 $ 60,000.00
Develop licensing partners to allow Glance to expand to
other vertical markets and geographical regions
January to June,
2018 $ 100,000.00 $ 200,000.00
Complete integration with United States merchants and
launch Glance Pay App in the United States February-18 $ 20,000.00 $ 40,000.00
Complete the launch of the affiliate apps for Euro Asia Pay,
Active Pay and Cannapay and launch them in app stores
February 2018 - May
2018 $ 200,000.00 $ 800,000.00
Add menu features into Glance Pay App to allow order from
table, pre-order and delivery March-18 $ 100,000.00 $ 400,000.00-NICE!
Raise money in accordance with regulatory framework to
support cryptocurrency and for ICO April-18 $ 100,000.00 $ 200,000.00
Integration of Block impact with Glance's mobile payment
technology March to April, 2018 $ 100,000.00 $ 400,000.00
Completion of integration of US merchant processing for
launch in the US
February to April,
2018 $ 30,000.00 $ 50,000.00
Complete development of version of app that allows
merchants to download the merchant processing application
in the app stores
February to March,
2018 $ 25,000.00 $ 50,000.00
Completion of hiring strategic partner director for the US to
find us strategic partnerships to roll out our mobile payment
and cryptocurrency in the US
February to April,
2018 $ 100,000.00 $ 200,000.00
Enter into strategic alliances with major US Partners to roll
out in US April to July, 2018 $ 400,000.00 $ 800,000.00
Execute on major stategic alliances to roll out in the US July, 2018 to
February 2019 $ 500,000.00 $ 2,000,000.00
Continue to add features to Glance’s technology to improve
its offerings to consumers and merchants Ongoing $ 800,000.00 $ 1,400,000.00
Totals Low $ 3,085,000.00 High $ 7,200,000.00
-High end of the stick total- $17mil
-As far as dilution at worst case, Common Shares issued
and outstanding (132,066,223 if the Over-Allotment Option is exercised in full). So DD can stop with his dilution posts for now.
-So, the goal is
1) Hire blockchain / crypto / software staff to get tech in app, which we already knew, they had the job listings 30-60 days ago
2) Develop apps for the 3 partnerships to make additional revenue, which we already knew
3) Make the tech hack free as possible for competitive edge, #1 Goal overall
4) Roll out the tech once its complete for US expansion, hire US employees for US market-which I speculated and now we know
5) Continue to buy into other firms that could drive more revenue for the future
-As stated, the company needs to be aggressive and should be. The best Tech that is hack free takes over market share. High Risk, Higher reward
My Q4 rev prediction- 500K+
For those that are wondering on timelines
-Obviously, many people just want to flip pennies, call the stock is going to the moon, or in DD's case, the company is going to 20 cents, will blow through the 50 day MA and going bankrupt. So instead of repeat garbage, here is what you need to know in the companies filing report from yesterday.
Here is the information you need
-2018 Estimated Cash burn- High- $17,000,000
-Employ 3-4 people in the US for sales by Feb. 2018
-Complete Cannapay, Asiapay, and Active pay apps by June 2018
-Implement blockchain by April 2018
-ICO cyrpto currency by April 2018
-Execute on major US signings April 2018 to January 2019-Cash burn- $4,000,000
-Glance PAY USA INC is a registered business license in the state of Nevada
-3.6 Million for potential acquisitions
-1.8 million for new hires for blockchain / crypto-which support the job listings Ive been posting on this website.
-October 2017, Euro Asia Pay gave Glance a check for $250K and 2.5 million shares at .07 cents per share.
-They are also looking into building a platform to trade their crypto currency with other currencies, which I find interesting.
-The finance deal is in underwriting and initial signoff was approved
-And as I said and had speculated, it was likely the US was held off until the updated tech was in the app, including blockchain / crpto currency. The timelines for the release of the new apps, from 3 partnered companies to the US target date, supports my exact conclusion.
-Someone should sticky this for the next 3 months.
THE COO of Glance is the CEO of Cannapay
-The deal was brokered off so Glance wasn't directly tied into Marijuana, but rather, indirectly with their payment apps. It tells me Glance is serious about Marijuana, this was designed a long time ago.
-It tells me Cannapay has some demand going on, considering, the initial offering of .05 cents, has gone up 5 Fold from the last 12-8 report date.
-I also find it interesting Cannapay will pay a consultant 10K a month when Cannapay exceeds 40K in net revenue, per month. That's 500K per year net with just licensing with zero product or apps even in the market yet. That's net income, not gross.
-Why do I find this interesting? Because the COO runs both companies.
So....
-Penny Green is the CEO and director of Cannapay which formed in November 2014.
-Glance inks a deal with Cannapay and has ownership in the firm of almost 50% with a $1 Million+ deal with stock ownership and royalties.
-Echelon has signed 2 deals with Glance, and 1 with Cannapay
-Glance has 2 Marijuana apps being created with Cannapay for the sale and distribution of Marijuana.
-The lowest price of the Warrants exercise-able are $1 between now and November 2018 for Cannapay. Glance, ppe the deal, will purchase $8 million shares of Cannapay for .05 cents.
-November 29th filing date, 6,000,000 shares with the lowest possible price of .20 cents backed by Echelon. 2.45 Million more securities were added a week later, with a floor of .25 cents.
-Anyone else find any of this information relevant?
Posted this several weeks ago
-Want to get everything up and running with crypto currency and tokens with launch into major cities, in multiple continents.
-Targeting major US cities. Noticed Glance was down in Vegas for trade shows and someone keeps popping up in Manhattan, NY. Only 1 job posting in Silicon Valley, and its old.
-The Davos Conference is in Switzerland. Europe is moving into Crypto big time.
-I posted this earlier, it doesnt make sense to go full out marketing until the blockchain with crypto and tokens is completed with the apps, just keep signing up more users to download it. All their job postings except 1 sales job from silicon and 1 AD job are for app designers and blockchain. Keep firms up on the news, wait until the technology is completed. Fatburger is only a partner, they are irrelevent in next quarters rev.
-Would not surprise me if NY is the target
When Glance announced they signed Rickey's they had 230 locations
-That was late August. They just announced last week they are over 300 locations.
-That's just under 1 new restaurant per day added over a 3 month run. And they are only in trial stages with Fatburger and Best Western.
-That includes no payment from anybody in the Cannabis sector to date, and no royalties paid to them yet from their 3 licensed deals they have ownership with, along with an additional 4000 locations with netcoins to exchange bitcoin for speed transactions.
-Prediction- Q4 REV blows out Q3. Ill be the first one to make that prediction.
Never
-I never said news next week
-I never said charts were not important
-And I clearly stated this is a brand new firm with a new strategy.
-If I lose money on a high risk / high reward stock, so be it.
-I also said trade games doesnt make money except insiders stealing information. That is gambling.
-You may buy or anyone else as you wish. You may sell as you wish. You may short as you wish. There is about a million of the short sales now, jump on board as you wish. That collection is strong.
-You either believe in the product or you dont. There really isnt anything more to type, unless you want to make small change.
-I know the risk here. Its been acknowledged. Im willing to continue to take the risk, and load as I wish.
-You want to flip pennies, thats not my style. Trade as you wish, or sit on the sidelines as you wish.
-I did state trading on chart techs on a firm with a 1 year history is a joke, and Ill stand by that, and call out anyone that thinks that, especially a person that understands nothing about Warrants.
-All the best.
Sure
-And when the financing announcement goes through in less than 2 weeks, then what? What if its announced Monday or early next week? What if something else is announced? Are you thinking the deal wont go through?
-You take a look at that short interest I posted? 800% increase in 2 weeks? Someone is going to take a beating in the near future either way.
-I think I stated clearly this could swing wildly and playing guessing games could burn you.
-Simply put, you either believe in this company expanding and what their tech is good for, or you think they are going nowhere.
-Tell me about charts on bitcoin or OMG. This isnt some chart where it has multiple years of history track record with cup and handle formations and everything else. Talking about gaps on a brand new company is nothing short of ridiculous. But thumbs up to you for not buying on the way down. Too bad I was far too young to get in on a company called Cisco, that had 9 splits in 9 years. Oh how many of the older generation just wished they held that stock instead of playing time games and selling it for dinky profits. Since DD is older, had he just held his stake in Cisco, he would probably have a net worth pushing 100+ million. Instead he is still posting on message boards bragging about day flips of 100% gains daily. If he was that good, he'd have a website running with subscribers and a book out, and people would be paying him over a mil a year for his 100% gains every day advice. Same guy that didnt even know about the warrants and original article from August, but good for him.
-Im not calling you out. But the attack of short interest flushing stops creating panic caused this. This firm was trading for under .25 cents in September.
-And I have still yet to see anyone, besides me, post a potential rev estimate for next quarter.
-Your strategy and my strategy differ. Thats fine. I dont day trade and flip, I invest and sell. Market research defines this clearly. 80-85% of day trading flippers lose. Perhaps you are not in that category.
-Ill hold my position and add when I feel necessary. Or sell if I feel the company is not progressing forward.
-That's all for now.
You either believe in the company or you don't
The company went from .90 cents to 3.2 back to 1.60 or whatever it is right now in less than 1 month. I dont care what anyone says, trying to time this is almost impossible. If you are swing trading it and making money, congrats, but you are more likely to get burned doing this. The short volume is through the roof last report. Stops got flushed out with panic selling and they added financing. After the last Q3 report, the stock doubled in less than 2 weeks. A lot of the stuff posted on here recently is finger pointing I told you so posts. The Rev for Q4 will be interesting.
Short Interest Data for GLNNF
Date Current Short Previous Short Change % Change From Prev Avg Daily Vol Days To Cover
11/15/2017 174825 19734 155091 785.91 5,095,905 1
In the PR, 300 restaurants and ops in the US started
-Cant lie about stuff like that. So there is your updates..
Glance Technologies Inc. (OTCQB: GLNNF) (CSE: GET) is pleased to announce that it has entered into an agreement to trial its mobile payment app for restaurants and merchants, Glance Pay, at Fatburger Canada, https://www.fatburgercanada.com/. Fatburger Canada currently has 52 locations across Canada with plans for additional growth. FDF Restaurant Brandz owns both Fatburger Canada and the Ricky’s Restaurant Group with almost 150 locations in Canada. Fatburger is a global brand with locations in 29 countries.
Glance Pay has experienced a high growth year in both acquisition of new locations, licensing agreements, revenue and cryptocurrency initiatives. With over 300 locations signed and operations established in the U.S., Glance Pay continues to grow their North American market for mobile payments.
“Partnering with Fatburger Canada signifies our ability to provide quick serve locations a mobile solution, incorporating both pre-order and payment with loyalty and rewards, in a fraud-protected, seamless transaction,” says Glance CEO Desmond Griffin, “We are extremely proud to be working with Fatburger on this trial project.”
It shows 2 things.
-Considering, and non to toot my own horn I believe I was the 1st person on this very forum over a month ago to suggest Fatburger because of their relationship with Ricky's under Management.
-This now makes 3 big chains, 2 under 1, but still a big deal.
-Best Western- 4200 locations throughout the world.
-Rickys / Fatburger
-This is a stepping stone process still in early trial stages. The objective is to get in all of these locations obviously, in Canada, and all over the world. But, this also shows Ricky's is fully on board with Glance with Fatburger coming into trials, which shows sustainability and growth potential.
-I would suggest everyone keep a close eye on Mcdonalds. That's not to say Glance gets them, but if a company from Singapore can get Mcdonalds, Glance has a shot and whoever inks Mcdonalds can expect a rip like OMG, .20 cents to $13 bucks in under 2 months.
You may find this information interesting
-I know I do.
Short Interest Data for GLNNF
Date Current Short Previous Short Change % Change From Prev Avg Daily Vol Days To Cover
11/15/2017 174825 19734 155091 785.91 5,095,905 1
10/31/2017 19734 43451 -23717 -54.58 2,748,385 1
10/13/2017 43451 59252 -15801 -26.67 6,461,627 1
09/29/2017 59252 108308 -49056 -45.29 3,746,182 1
09/15/2017 108308 134068 -25760 -19.21 1,900,412 1
-No risk, no reward, that's the name of this game. Pretty low volume today.
-Ill wait for the PR release for the finance deal, should come within less than 2 weeks. All that tug of war, and no volume today?
-50 day MA marches higher daily, still couldnt bust 1.69 yet. Chart doesnt mean much with whats at stake, but plenty, plenty of gas to throw on a fire with only 1 spark needed.
I dont know the answer to that, Im more interested in
-Im more interested in finding out what was this companies intentions and gameplan that was over a year ago to this date and the original gameplan and how it changed from then until today. I have a sneaking suspicion a few things are on hold meaning new sales (silicon possibly) until the new cyrpto blockchain reward coin policy is officially rolled out. I think they want this built quickly to get into the coin rewards with crypto and have companies on the backburner waiting for the release. (A guess)
-I got a feeling that is what is getting built as we speak, and once that tech in the app for the crypto / blockchain / coins get released, that is when we start hearing about a lot more sales. Im piecing things here, but basing some of this evidence off the fact of what this company had listed in job postings for who they have been targeting to hire, mosstly blockchain / ios job listings.
I knew it was out there, it was August, LOL
-Even earlier than the others ripping off the old story with cut and paste.
Dude, its a reprint of old information
-It even quotes the original source at the bottom, USA News group. Take a coffee break.
Is This The Next PayPal? - USA News Group
usanewsgroup.com/2017/09/05/hedge-your-money-in-fintech-4/
Sep 5, 2017 - September 5, 2017 By Staff Editor ... Mobile payment technology is one of the fastest-growing markets in the world, and GlancePay is hoping to be the major market disrupter—filling a gap that not even the trillion-dollar ... Here are 5 reasons to keep a close eye on GlancePay (CSE:GET; OTC:GLNNF).
In fact, that is the article I came across to find GLNNF
-That press release is over 3 months old.