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When the Q1 report comes out, that's when you get to see hard numbers. Until then, you shouldn't expect to see any numbers nor is GOHE obligated or required to provide you with progress reports in between quarters.
Joe Bronx,
If GOHE doesn't hit over 1M in annual revenue in 2019, I'll buy you a burrito from that restaurant you just can't stop raving about...
GRBX just released their annual a few days ago. If you go over to their board there is a lot of questionable material in their report. It seems that GreenBox has 2 operating entities where 1 is public and the other private. I haven't made sense of it all yet but it is kinda suspect.
In our report we stated that we paid GRBX over 300K for 2018 licensing fees and also reported revenue the last 2 quarters. On GRBX's report, they make no mention of these 2 items in their revenues suggesting our relationship is more with the private entity.
GRBX reported a merger was consummated Jan 1st 2019. It may be with the private side of the company. It makes me uneasy because if all that proprietary and patented blockchain tech is actually still on the private end and that merger falls apart, where does that leave the GRBX public shareholder? Are they completely cut out of the picture?
Are GOHE and GRBX publicly stating conflicting numbers to lead investors on? Or now that 2018 is done, are we going to see the big reveals in 2019?
I think CEO is on to something. If you actually read through the whole annual report, you would have seen:
NOTE 9 – SUBSEQUENT EVENTS
On January 1, 2019, the Company consummated the merger with an affiliated entity. The merger is accounted for as a merger under common control, whereby the Company is the acquirer for accounting and financial reporting purposes and GreenBox POS (Washington Entity) is the legal acquirer. The Company is in the process of completing the audit of Green POS (Washington Entity) and the pro forma information is not yet available at the time of the filing this report.
Additionally, MoneyTrac($GOHE) paid over $300,000 to license their technology just for 2018 which you won't find anywhere on GRBX's annual report. I am invested in both and watch both very closely trying to figure out how this relationship is going to play out. I am concerned with how $GOHE can get away with reporting that they paid GreenBox last year as if to suggest the agreement was between 2 public entities. But as CEO said, the agreement is likely with this private entity, called Green POS? And if that is the case, does it give Ben and Fredi the ability to sell off their tech without sharing the returns with the investors in the public side of the company? I have no clue. I just hope the merger is truly completed. before any big banks come sniffing around looking to pick this "blockchain" rose before it blossoms.
Further evidence in the report to suggest that the meat and potatoes of the GreenBox platform is still private:
Since April 12, 2018, the Company’s operations have consisted of providing management and business development services.
Employees
The Company has two part-time employees.
Item 2 – Properties
We do not own any real estate or other physical properties material to our operations. We operate from leased space. Our executive offices are located at 8880 Rio San Diego Drive, Suite 102, San Diego, CA 92108, and our telephone number is (619) 631-8261. Our lease commenced effective December 1, 2018 for a term of 5 years. The base rent is $10,882 per month.
$77,000 x 3 = ?
Over the course of 2 quarters, GOHE might be going from a measly $3K in revenue to over $230K.
That's not significant?...
Not to mention that last time they announced a revenue expectation (%1000), they actually doubled it by the time they released the report (%2000).
GOHE's bout to start reporting quarter million dollar revenues quarterly and a million dollars annually. I think we could be 500M shares of dilution away from the share price stabilizing and increasing in value...
well, I have no idea man. But it's looking to me that we're gonna have to wait another year before an audit is finished.
I already pointed out on here that they switched firms again...
And with these warrants at .0025 and .0031, I think we're gonna see the .003's before we see an audited financial report released. My only hope is that quarterly increases in revenue offset the doubt caused by such a long delay in releasing it.
But, only having 2018/2019 financials in their report makes what would be GOHE's "coming out" party look a lot prettier.
There will likely be 500 Million shares of dilution coming this year. If there is any prospect of this company succeeding, you would think that the 2 new equity stake holders revealed in the annual report would exercise the warrants they've both been given at .0031 and .0025 respectively.
So we're very much in the thick of the swamp still. But on a brighter note, if they make it a habit of beating revenue projections and do so for Q1, I can see the company's business model stabilizing by Q2-Q3.
With possibly 2M dollars of cash coming from these 2 new investors and Q1 revenue that beats 150K, they could really start knocking out that bad debt on the books. Almost to the point where they can become current on their debt obligations. I'm thinking that could happen by end of this year if they don't trip up on revenue growth. But until I see Q1 numbers and the audit, I think we're gonna remain in the dark trying to figure out this company's intentions, valuation, or future potential.
What would you all think if they report six figure revenue for Q1?
I had Q4 estimated at 36K and they reported 77K. And I based my estimates on a merchant count of 6. I wish they would shine some light on their merchant count operating currently, but I'm projecting a Q1 merchant count of 30. And depending on when these merchants all went online, that could easily be 3x to 5x in revenue Q over Q...
Just saying...things could look a lot more interesting in a few more quarters. Just hope this is not all smoke and mirrors...
I guess the question is...at what point do you start taking this company seriously if they start proving their business model and continue to increase revenues at an impressive rate by bringing in new merchants in more and more states...
How many firms have they gone thru now? I bet they just want to kick this can down the road a bit further to shake off having to file that 2017 info. We'll get a few more delays I expect, but I'm not necessarily sure that's a bad thing if that 2 year audit only includes 2018/2019 years. That's when the turnaround happened for this company anyway...
but I may just be trying to convince myself to see the bigger play here. I mean GOHE's reveal party could look a lot prettier that way...trying to figure out what management is trying to pull here while giving them benefit of the doubt.
NOTE 9-SUBSEQUENT EVENTS
Pursuant to FASB ASC 855, Management has evaluated all events and transactions that occurred from December 31, 2018 through the date of issuance of these financial statements.
A new CPA firm has been engaged: Albeck Financial Services Inc.
A new auditing firm has been engaged: MKA CPAS PLLC
This disclosure reveals two new players:
10/29/2018 - Equity Purchase - Planet 13, LLCBrandon Robinson
$500,000 @ .0031 with common stock purchase
warrants for up to the original
investment at the same rate
expiring one year from execution
That's 161,290,323 shares with an opportunity to double that to 322,580,645
12/21/2018 - Equity Purchase - Payment USA, LLCE.W. Wright
$150,000 @ .0025 with common stock purchase
warrants for up to 340,000,000
additional shares. Warrants
expiring one year from execution
That's 60,000,000 shares with an opportunity to possess 400,000,000 shares
These 2 new players - who now have a combined initial stake of 6.7% in the company - can execute these warrants to increase that stake up to 19%.
On one hand, that's $650,000 of new money invested and $1,350,000 sitting on the table with these warrants. But on the other, the warrants are at .0031 and .0025 so these guys are getting deals compared to us. It seems likely to me that they'll both increase their positions, unless the banks come in and wipe us out before they pull the trigger. That does means a possible 500M shares worth of dilution tho coming our way?
Between the two, the Planet 13 investment excites me because they are everywhere in Las Vegas. This PaymentUSA thing tho, is suspect.
Something else that smells fishy...
Under 3) Issuance History, Section B: Debt Securities, Including Promissory and Convertible Notes
12/21/2018 - Equity Purchase - $150,000 - Payment USA, LLC E.W. Wright
.0025 with common stock purchase
warrants for up to 340,000,000
additional shares. Warrants
expiring one year from execution
That's a possible 400M shares at $1M dollars, and greater than 10% equity...not sure if that would give this E.W. Wright control or not, but looking into him and this Payment USA is suspect. If you look at E.W.'s LinkedIn, it looks like he quit there in 2016. Yet he uses that employment for his equity purchase in $GOHE. His profile says he's now a Director of Business Development at EBS Merchant Solutions and goes on...
"Aide businesses in finding merchant solutions and gain brand visibility to promote client acquisition and retention. Come see us at www.empirebizsolutions.com.
Specializing in High Risk Merchant Accounts for all business types. TMF merchants welcome! We will take you through application and underwriting to relationship maintenance and growth.
Agents welcomed as well. Let us take your dead paper and give you back long term residual growth.
Our Mission is to see you grow your Empire.
See how we can be of service to you at www.empirebizsolutions.com"
Which that site is parked. So yea...very concerned where this is going.
Is that $80,860 in annual revenue they just reported?
With $0 revenue reported in Q1 and Q2 of 2018, $3,835 in Q3, that means Q4 revenue was $77,025 right?
That's 2,000% increase over Q3, which beat the CEO's EOY speech.
Shit, that means 2019 revenue could easily be over 300K this year. And that's with no growth. I still have my revenue projections handy I posted on here a while back, waiting to see how this all plays out.
See a lot of debt on this report tho. Don't know what tomorrow will bring...
From MTrac's website:
The funds that back the Merchant Wallet are held in FDIC insured
United States Bank Accounts. (Ready to be Transferred at the
Merchants Request)
www.mtractech.com/retail
I'm curious about these bank accounts and who they belong to. Likely accounts owned by GreenBox. Another question I have is if that's a reportable number? Both GreenBox and MTrac have touted number of dollars transacted in past PRs, but wouldn't that number give us a better valuation of the GreenBox/MTrac platform? Even though technically a majority of those funds would belong to merchants/vendors, it would give the shareholder a better idea of the "weight" behind their investment. I'm sure it's likely these merchants/vendors are requesting transfers frequently, so I'm curious as to the willingness they have keeping and trusting their money in bank accounts that are not likely under their control. And if that's the case, how is that interaction with our clients? An ACH payment? Some other method? Surely, this transaction is not "instantly" settled?
Just tossing out there what I'm focusing my DD on over FY19.
Oh, and on a highly speculative note...What banks run these accounts? They would be the biggest buyout candidates I'd imagine. Even if it became legal at the federal level, the integration costs would be fairly minimal since they ran the accounts anyways...and ohhh boy that juicy block-chain tech could be called that bank's own "proprietary" software...
I hear ya Trans...
I've tried multiple times to get an answer on if they're operational and generating revenue out of Pennsylvania yet, and nothing. The news of them entering PA was 4 months ago.
That's interesting. Will it be cash only? Wonder if an MTrac integration could be possible and/or to offer stuff besides CBD?
Another test for this stock today is surviving what is an overall red market today. The day is early tho. Can it maintain these gains? Will it get back over .006?
Swingers playing the .0052 - .0062 channel. On the 3 month, if they caught it, they saw the head and shoulders pattern which when played right, you would have sold at the peak .0058 - .0062 range for 15-19% gains. Not me I'm long, but this stock is going to have more swing trader volume than long buys until they convince more people that they're ready to grow up as a company. Still can appreciate a good play by those short-term investors.
Looking at the chart, you can even see a second head and shoulder developing and the right shoulder may be ready to pop anywhere between .0055 and .0052, and could have a trajectory of .0066 - .0068.
Just saying, if this stock can demonstrate any amount of follow through on such technical indicators - head and shoulders being a bullish one - then it could be a sign of reversal. But with $32,000 average daily volume over the last 30 days, I doubt the technicals can be trusted here. Good thing is, today's volume is looking to end below that average, and if it can stay within that .0055 and .0052 range until that 3/30 deadline of 2018 financials, then any spike in volume could trigger that next head and shoulders before that binary event occurs.
Eh, was this update supposed to reassure us? I think there's more behind this delay than they're leading us on to.
I'm inclined to believe that there is positioning going on here and that we will see some more dilution in the next few days following this update. Another round of funding is all I see here. As of yesterday, O/S was 3,299,103,045. Keep an eye on that number.
Also, another PR with typos. Sorry for being a grammar nazi but since we're forced to read between the lines of every PR, typos do tell us something - a lack of professionalism.
I'm by no means trying to bash the company as I am holding long for the bigger picture I see developing here, but they're excuse is that they don't want to rush filing a report that is critical to the company's future. That's a blanket statement. Of course you don't want to rush such a report filing. I think what is more revealing about the slow progress being made on filing the Form 10 is what they're not saying. Really, I think new management is stuck between a rock and a hard place. I believe that they would really love to put all this blame on old management for the delays and say that they were unable to pickup where that team left off because it could be old management never made one inch of progress on it at all. It could have truly been a P&D scheme with them. With this young new management team taking over and all the confidence they brought with them, they over-promised and thought they could start from scratch and have it done by end of 2018 and then within the first few weeks of 2019. But because old management still owns huge amounts of shares in the company (+300M I think), they can't talk any crap about them or they could crash this stock into nonexistence.
But now that I've confirmed myself that they have a working solution to offer merchants, I think MTrac is more than just a shell with a brand name looking for a technology to call home. Becoming fully reporting, is the last obstacle to overcome before they can really focus on growth and revenues. I have my quarterly revenue projections and so far, even with continued delays of these filings, I still think we are going to see impressive revenue growth Q over Q.
Just some speculation:
But I'm wondering if it could be that there is some coordination going on here between GOHE and GRBX. GRBX has crashed pretty hard over the last few months and I have a hard time believing that it wasn't intentional. I am speculating that we could witness another merger in 2019. This time between GOHE and GRBX. Doesn't it make sense for GRBX who is trying to uplist to the NASDAQ this year, to maximize their portfolio? I know GRBX doesn't want to be in the MJ space, but isn't it really their platform handling all of MTrac's transactions? Doesn't that put them in the middle of it all?
Or another thing that could happen, is GOHE raising funds with the recent dilution to buy out Cultivate. I actually like this outcome more because it would allow us to own some piece of technology and give us 60% of that $3.75 transaction fee pie.
In either case, all I'm saying is I wouldn't be surprised to see another merger in our future and if it happens, give me some credit haha.
Disclaimer: This is not investment advice. I wrote this of my own free will and have no insider information or concrete evidence to support any of the points made in this post. This is hearsay and meant purely for the sake of discussion.
Vegas Report
First things first, no casino winnings to report. The tables were not kind to this guy, lol.
But anyways, I arrived in Vegas Friday afternoon at the Tropicana and had a Sunday night flight back home so my investigative effort was limited. Now that I'm back home and recuperated, I'll try to note everything I found and experienced. In order of things I did:
1. Friday Night - I visited a competing dispensary offering a payment solution using credit/debit cards
2. Saturday Morning - I visited the MTrac office
3. Sunday Afternoon - I visited Jardin Dispensary
Not in the same order, are my findings:
MTrac Vegas Office
Arriving Friday afternoon, my friends and I decided to hit the strip up and start the fun asap. I wish I would have booked it over to the MTrac office as soon we checked in to the hotel, because they are closed weekends. But Saturday morning, I woke up early and took a 45 minute walk from the Tropicana to get to their office:
5333 S. Arville St. #206 Las Vegas, NV 89118
Location info from GOHE reports:
This office serves as the Company’s sales and marketing, and customer service hub for all merchant sales outside of the Southern California region, in addition to serving as the intended home for the Company’s future customer support call center and is also the registered address for MTrac Tech Corporation. Currently this office is home to 3 of the Company’s employees. The Company is currently under lease agreement through April 30, 2020. The monthly lease amount through the remainder of 2018 is at a rate of $1,677.00 and will increase to $1,760.85 as of January 31, 2019, and to $1,848.89 as of January 31, 2020
So this location is just outside the city. The area is definitely suburban and was surrounded by various small to medium size "blue collar" type businesses. The office building was at the corner of an intersection that had moderately low traffic for whatever that's worth on a Saturday around 11am. The building itself seemed quite lonely and desolate with not much human activity around but maybe that's because of the weekend. Most office doors had no signage and simply had office numbers on them. It was nice to at least see the MTrac signage where our office is to make the company easier to find. The glass on their office is one way so I have no information on what the inside may look like. I'm not sure how many of the offices are empty currently but the building owner is looking to fill more of them up. It looks like a Mexican restaurant recently opened up there on the first floor, so at least our 3 MTrac employees don't have to go far for lunch.
Competing Dispensaries
Friday night, I went to Reef Dispensary since it was closest to me after walking most of the strip that night. It was an impressive operation. After browsing the apparel quickly, I got in line. Everything is behind the counter, and in order to inspect any products you have to speak with someone working there by waiting in line.
As I got closer to the counter, I noticed on a sign that they accept credit cards. After telling the worker what I wanted, I went ahead and used my credit card. What I discovered was that this place uses what appears to be a gift card company called GiVV. You use your credit card to purchase the gift card with a $3 dollar fee to load the gift card with the amount of the sale and then the purchase transaction is completed. The worker there notified me of this before going thru with it and I had to give them my I.D. as well. Outside of that, the experience was pretty close to a normal credit card purchase. BUT, not 5 hours later I received a call and text from my bank reporting a possible fraudulent transaction and to verify the transaction. It was for my purchase at this dispensary and in case your wondering, I had already notified my bank before the trip that I was going to Vegas for the weekend so that my card wouldn't get frozen. I was able to resolve the situation with my bank and didn't lose access to my credit card, but I feel this was important to share. On my statement that transaction appeared as:
GIVV KIOSK GIFT CARDS XX0045 XX3413 CA
May appear on your statement as
GIVV KIOSK GIFT CARDS 619-415-3413 CA
On Sunday, I got to visit the anticipated Jardin dispensary. This location was somewhat smaller than Reefe in size, but made up for it with flare. They are definitely going for that "premium" feel and brand as everything was clean and shiny inside. It must be a Nevada thing, but I had to get in line and wait to speak with someone at a counter to engage with their products.
When it was my turn, I saw it. The MTrac logo on the pin pad. I picked out something small and went through with a purchase with my credit card. As I pull out my card I ask the person servicing me about what they think about this payment solution. They expressed satisfaction with it but did note that they wished it more part of their ecosystem. The person's concern seemed to be an extension of what I feel is a natural and inherit distrust of any "3rd party" service but they were happy about it giving their customers more ways to pay. I wish I could have kept asking questions, but with this line system that dispensaries have in Vegas, I felt I was keeping people in line behind me waiting. I would have prodded more about the frequency of which cards are used and if customers had anything to say about the payment solution.
But back to the purchase. They informed me of a $3.75 fee and then asked me for my name. They swipe my card and show me what it should come up as on my statement (it was not GreenBox, LLC like the MTrac wallet used to show). I forget it now, but it was something like "CBDxxxxxxxx". The purchase has not shown up on my statement yet to show you exactly what it was, but I'll share it when it does. Overall, the experience was more in line with a normal credit card payment and it did not make my bank suspicious of the transaction. The caveat being that it cost 75 cents more.
Just to compare the dispensaries real quick, I definitely got the vibe that Reef is way bigger. They've got exclusive celebrity deals with folks like Wiz Kalifia and their store is built to handle much more traffic. Reef and another store called Planet 13 are closer to the strip and it seems they are incentivizing uber and taxi drivers to drop customers off at their stores who are looking for MJ products - a driver told me this. Just from my short stay there, it seems these 2 dispensaries are swallowing up a lot of the sales from tourists who are looking for bud and are staying in any of the big/popular casino hotels. I hope our team is watching these 2 dispensaries closely and got their owners on speed dial.
Anyways, that's all I got. If you've got any questions for me, let me know.
If you follow MTrac's Instagram, it looks like they were at a hockey game in Vegas. Hope that's not on the company's dime or if it is, at least it better be with potential new merchant partners!
...and done with those reports!
Yea, am definitely going to go to Jardin dispensary. I'll look into the office location as well.
Heading to Vegas next weekend. Plan to do some investigation. Will share my findings afterwards...
If anyone has suggestions or wants me to look into something, let me know.
Yea, but what about that Q4 that is supposed to show +1000% revenue increase?
I don't see why that can't be filed in a timely manner...
Anyone else refreshing the disclosure page on the otc website today like I am? lol
https://www.otcmarkets.com/stock/GOHE/disclosure
Waiting to see:
"Notification of Late Filing - GOHE Notification of Late Filing Q4 2018"
Do they file a quarterly tomorrow? It's the deadline after all. I'm not confident at this point. I expect an extension. I emailed them 6 days ago 2 questions:
Hello,
With the Q4 filing deadline approaching, I'd like to ask if the company is expecting to meet this deadline or will an extension be necessary?
I would also like to ask about any progress the company has made in the state of Pennsylvania. Can you confirm that the MTrac platform is now servicing medical dispensaries and contributing to revenue in the current Q1 quarter?
Please advise.
Thanks,
Nothing. I'm not asking for anything extraordinary and a response to these questions would take less than 5 minutes.
wondering if this is a difference in Hemp vs. Marijuana Industries?
Because if not, it's concerning - considering that MTrac was supposed to have exclusivity in this space...
Yep, I think they're going to combo the Form 10 with the 10Q at the same time.
This PR was a fluff piece, likely whipped up in a jiffy, to perk up shareholders until then. There's grammatical errors and all the verbiage one would expect from a company trying to get prospective investors interested. Yet, there is nothing new here for those who have been following the company closely over the last year.
"Since the launch in October the platform has seen month over month increases the number of transactions on the platform, net revenue, and even in the average ticket price."
-Come on GOHE, check that grammar. It's just a sign of rushing to say something to me.
"From the Company’s own research on customers using MTrac they have seen an average increase of 26% on ticket prices compared to before they were able to accept credit cards."
-We only had 6 merchants before credit/debit cards were used. If we are now in over 30 locations, any news comparing the old platform to our current one is irrelevant. Especially once the Q4 numbers are released, there will be no reason to explain the benefits of not requiring someone to load cash onto a wallet app before they can make a purchase. It's a no-brainer that an implementation which enables customers to use cards over the counter is a superior approach.
"The Company expects to continue the trend of significant revenue increases over the coming months as more merchants adopt the platform and system updates are pushed to streamline processes. The Company boasts a 100% client retention rate and anticipates rolling out the platform in four new states, Minnesota, New Jersey, Florida, and Hawaii by the end of February."
-I mean, I'm expecting over 100K revenue in Q1 so yea the trend better continue. 100% retention while only operating for less than a year. This number will prove to become more significant as business continues, but right now it's not really eye opening. It's good we're not losing merchants and growth into new states shows expansion, but this is all part of normal operating procedure by now for a company trying to capture a share of the market.
"We recently launched an API to integrate Point of Sale systems and we are currently in talks with several of the largest POS systems in the Cannabis industry, the first of which could be live as early as the end of this week. We are gaining serious momentum, and the last several months is only a glimpse of what is possible in 2019.”
-More carrot dangling. There will be no "momentum" regarding the share price or the company's market value, unless they deliver these filings so that investors can see hard numbers and determine what the risk/reward looks like for 2019.
I think we get silence until Feb 14th now. Unless there's another PR tied to POS integration, we'll finally get what we wanted then...unless they file for an extension again like they did for Q3...
Is that volume I see?
There are 3 weeks left until the Q4 filing deadline. The Form 10 isn't going to paint a pretty picture of the company's past, so I believe they're going to package that announcement with the filing of their Q4 at the same time. As a way to say, "this is how bad things were, but here's how far we've come." The question then becomes, are they almost done with the Q4 report?
As for when, it's obvious they're passing the first few weeks of the new year now but I think the news will come on a Friday. Tomorrow? Doubtful, but it could happen. Whenever it does happen, I think they'll hold off announcing any kind of Q1 projections until the share price settles first. But if they hit the CEO's Q4 expected revenue increase of around %1000 in the report they file, that Q1 projection starts to get some meat on its bone. I think in Q1, we see 6 figure revenue numbers.
I posted this 5 days ago...
These next 5 trading days are going to tell us a lot.
Only thing I was wrong about was the volume. But anyways, if you're long in this company, I wouldn't be worrying about another visit to the .004's. Past that, I'm making choices. But if they're hiring customer service reps, that tells me they're serious about something. But this new management has got to clear the fog and dust that was left by the old execs and the company's reconstruction project that followed. It does no good for a public company and its shareholders, even after a "changing of the guard," that this new management team would continue the practice of failing to deliver on the same "future looking" statement repeated over multiple press releases.
No one should have their retirements in this thing, but I'm just saying of the companies on the OTC Pinks, this one could materialize into something in 2019...
Found this from yesterday:
MTrac currently has an opening for a full time Customer Support Advocate to join our new and developing Customer Support Team located in Las Vegas
Looks like they're hiring folks, so at least we know they're alive.
On a different note, $GOHE shares have had higher volumes of trading activity than $GRBX these past few days and have arguably been less volatile. I haven't really looked further back than this, but I'm curious why more money and more $GOHE shares have been traded than $GRBX. $GOHE still being on the dirty pinks and that market is buzzin more than $GRBX on the OTCQB? And if $GRBX is already talking bout gettin on the NASDAQ, they gonna need us. How much of the MTrac Brand contributes to overall GreenBox transactions?
Today
$GOHE - Volume 5,372,044 - Worth $29K (using LOD @.0054)
$GRBX - volume 10,385 - Worth $3,447.82 (using closing price @.332 which wasn't even LOD)
Yesterday
$GOHE - VOlume 7.9M - Worth $43,450 (using LOD @.0055)
$GRBX - Volume 50K - WOrth $16,995 (using closing price @.3399)
2 Days ago
$GOHE - Volume 10.5M - Worth $57,750 (using LOD @.0055)
$GRBX - Volume 57.5K - Worth $20,642 (using closing price @.359)
Not sure if this means anything at all...but worth keeping an eye on nonetheless.
This was the first close under .006 since 12/31 when the CEO delivered her year-end remarks to shareholders. Without evidence to back those remarks (filings of certain reports expected in the near term), the share price was bound to return to it's starting point. At .006, I expect we will see higher volumes of trading activity to occur, especially if this current down trend continues. If I had not already accumulated the position I'm willing to hold in this company (1M shares), I'd be buying. I did average down to .0106/share after Christmas when it was in this same range as I said I would:
12/04 - GOHE closes at .0087 after announcing "Global Payout Inc. Completes Two Year Financial Audit, Plans to File Form 10 by Year End."
My Response:
I'm looking to BUY more at some point but not on this news. I'm inclined to believe I'll have another chance at .007's again.
12/17 - GOHE closes at .0062 after announcing they're joining forces with 2 other companies to "Implement An Accelerated Turn-Key Cannabis Payment Platform" in more than (1,000) one thousand dispensaries.
My Response two days later after another close at .0062
...but I ain't buyin any more yet. Maybe next week after Christmas.
Now I'm comfortably holding for 2019 and looking forward to what could be some positive growth for the company this year. However, I am concerned at the moment with how the company plans to "address all outstanding shares".
These next 5 trading days are going to tell us a lot. As long as things remain undelivered and no new financials are reported, it could see .004's again. Then again, if these anticipated announcements come to fruition soon, .006's could be gone for good. In my opinion, I think people start buying this up and keep it in the .005s over the next 5 days. If we get what we want by then, we at least should stabilize. Then proof of that %1000 increase in revenue in that q4 report - granted still tiny - should be a real turning point for this company.
All I'm saying is that, at an .0106 average, I'm not too concerned with another short term visit to the .004's to see what happens in Q1 of this year.
The real uptrend begins if/when they can project Q1 revenues...
I do
Just sayin, it's entering the first few weeks of the new year territory for when they last said the 10K would be filed. Do they get it done before EOM? Do they get the Q4 filed before Feb. 11th?