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I'm mixed...I like hearing his enthusiasm and his directness...but when you are talking dates and projections, you need to ensure that you are precise...or smart enough to not create false expectations in the near term. Saying "this week" and having it not happen is not a good look. Why make unforced errors like that?! If they want to grow to the leadership level he aspires to, some of this needs to be cleaned up IMO.
IMO, Ben could use some coaching on speaking more clearly. For instance, "THIS week" generally means within the current work week. If he meant in the next 7 days...he could have said "over the next week". Not overplaying the hand here and not worried...just some constructive criticism.
He's pretty much told us what Q4 was...so the earnings may still be somewhat modest. The big thing from a financial perspective will be commentary in report on volumes for Q1 which he already commented were 3 times Q4 volumes. And further, no inclusion of ChargeSavvy numbers we he said closure would be finalized very soon. Throw in whatever else he foreshadowed as additional filings.
I would add that IBM is somewhat desperate to re-establish some leadership in the Cloud/Datacenter space. IBM is the company that basically bungled the Cloud movement. Something that would leapfrog others should be of great interest.
I think there are many (or at least fair number of shares) bought in the pennies. But some of us are greedy...not sure why folks sell much now when VERY good things already stated to come in near term. I guess there is ALWAYS risk.
Looks like some (one?) trying to manipulate stock down on relatively low volume...likely just trying to take advantage of market downdraft. Now is good time to pick up more with good news to come in very short term as telegraphed on yesterday's call. I'm STILL buying. Anyone else?
...also said other filings as well that would further reveal their plans that he considered to be "exciting"...
Agree with you. Still things to be validated to wider audience via announcements, PR and business.
wow...listening to the call this is all huge!...as some good folks here have predicted.
Fully agree! eom
Also believe there was some pressure to push to NASDAQ sooner vs. later in order to be included in Russell index
I've done somewhat similar...eom
By any chance were you ever in The Moody Blues? Eom
Maybe the Federal Reserve needs the GBOX payment platform...
https://www.foxbusiness.com/markets/federal-reserve-payment-system-crashes
Not selling either. Nice to see demand and price up today. Good PR...sounds like by mid March PR date we may also have a bank or two to mention as part of token announcement.
News Out...
SAN DIEGO, CA, Feb. 24, 2021 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) ("GreenBox", the "Company"), an emerging financial technology company, leveraging proprietary blockchain security to build customized payment solutions, will host a conference call to detail the New Token Deployment Strategy on Tuesday, March 16, 2021 at 4:30 p.m. ET
Ben Errez, Chairman and Co-founder, will discuss the Company’s strategy for deployment of their new secure token technology, banking sponsors, auditors, timeline and expectations, and conclude with a Q&A from participants. To participate, please use the following information:
Date: Tuesday, March 16, 2021
Time: 4:30 p.m. EST
U.S. Dial-in: 1-877-407-4018
International Dial-in: 1-201-689-8471
Conference ID: 13717032
Webcast: http://public.viavid.com/index.php?id=143764
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
A playback of the call will be available through June 16, 2021. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally. Please use the replay pin number 13716088. A webcast will also be available for 30 days on the IR section of the GreenBox website or by clicking here: GreenBox New Token Deployment Call.
About GreenBox POS
GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the Company's website at www.greenboxpos.com.
Forward-Looking Statements Disclaimer
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, among others, statements we make regarding: guidance relating to net income; anticipated customer onboardings; and expected operating results, such as revenue growth and earnings. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set out in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Investor Relations Contact
Mark Schwalenberg
MZ Group - MZ North America
312-261-6430
GBOX@mzgroup.us
www.mzgroup.us
Tend to agree with you. You don't need to disclose a date, but for gawd sake, don't just say we are getting more data and doing more testing!...rinse/repeat X 10.
Agree. EOM
I am doing so! eom.
I use Schwab. Buying shares today as GBOX via Schwab. Not concerned about any inability to trade my GRBX shares today as only reason to do so would be to sell...and I am not selling.
Now we can look forward hopefully to some nice PRs.
Bought some GBOX so that it would show on my trading screen. Holding nicely, expect to rise when full word gets out.
That's probably being directed by Luna.
Let's keep this about free information flow, ok? We are not likely to ever meet each other in person...so egos and personalities should be checked at the door...IMO.
Thanks for the update and clarification! eom
Agree! eom
Agree with you on the PR. It's a commercial for Visa...and if nothing else, a signal from GBOX that they will play well/nicely with the big boys.
Bitcoin mining. Lots of play today on Fox Business that Bitcoin mining uses more electricity than the country of Argentina. Wonder if there is any technology that helps data move faster with less power consumption? ;-0
Thanks! eom.
Agree that! Any and all clarifications by valuable posters is much appreciated IMO. We are talking big $ here...and I for one appreciate hearing all clarifications and input.
....and still not selling!
yes...you can only spend so many years watching a stock languish (relatively speaking). IDDC has been a OK "conservative" stock...but the opportunity cost of remaining here in substantial way becomes too much over long period of time IMO. My hope would be buyout as these guys simply to not have the gumption to make things happen on their own.
The company GRBX acquired was already using GRBX technology. And the principal owner of ChargeSavvy already had a stake in GRBX...it's "symbiotic".
...all "virtually" of course!
Well...let's at least hope they have good looking booth attendants and exciting tchotchkes as give-aways. Perhaps light up balls that bounce higher and require less energy to throw.
I'm guessing if someone laid gold bars at your feet you might complain that it's too heavy to carry.
Outstanding call! eom
FINRA getting rid of the ticker?...why hasn't that happened yet, Marshall Dillon?
Agree with you!...hope Greenbox will be prepared to anticipate the manipulation. Best way to overcome it is to produce numbers/deals as projected. My guess is Monday's announcement is good example of under-promising with intent to over-deliver...that's great IMO!
We've talked alot about the upside here...and obviously, I am one of the ones here for that upside. Worth also considering the risks...and I have been accused of being "negative"...but I like to be realistic about considering potential risks, however remote. My biggest concern(s)?
Mostly audit/accounting. ChargeSavvy acquisition is pending completion of formal audit. Are they completely clean...chances some irregularities uncovered?
Also, GRBX current financial auditing company. Are they handling other NASDAQ exchange companies? I assume additional scrutiny will be paid to accounting/auditing when the company is on NASDAQ. Is the current auditing firm capable of handling or will GBOX consider new firm?
Again, not throwing cold water on all of our significant positives!...just looking at all angles/risks.