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Another thing I'd like to see...
Is some kind of attempt to buy back shares to return to their treasury at some point but I don't know how much cash they have on hand. Ultimately, I think this would be the biggest sign that MTrac is ready to rumble. Or news of insiders like Stormy buying in big. She's probably loaded with cash. Hopefully, they aren't thinking of a reverse stock split to raise the share price as we're already at the very bottom of market listing.
Even if the Feds legalize MJ...
MTrac has the potential to be a POS system uniquely designed to service an entire new industry that will always remain heavily regulated. Even if the banks could become players in this market, you have to realize that there are all types of transactions beside just making a purchase over the counter. If the feds were to legalize it, Mtrac can still tout that their solution provides MJ businesses a complete platform that can handle every facet of their day to day business. Just look at what MTrac is already advertising on their website:
MTrac EcoSystem
Just because MJ businesses could now accept credit/debit cards directly, an offering like MTrac could still be attractive because with legalization, a boat load of new compliance standards at the federal level would come with it. And MTrac's blockchain based ecosystem could become a standard and a necessity for MJ businesses wanting to legitimize themselves at a federal/national level. In that way, I think MTrac is already preparing for it with that news of partnering with a DC lobbyist.
What we don't really know yet, is how much of that MTrac ecosystem is functional at this time. So far, the news and focus has been around customer/merchant interaction but there's so much more possibility than that. And MTrac could be poised to lead after the end of federal prohibition if they are truly working on everything their ecosystem claims to support. Besides Cultivate, I can see Sky Mids engineers working on the other aspects of this platform that haven't really been highlighted at this time.
That image on MTrac's website touts "Delivery Management" for example. Well it looks like Sky Mids has a spin off called Ten65. All this is speculation and MTrac is still just an infant startup company so they could crash and burn, but they have the access to the resources to pull it off with GreenBox/Sky Mids building them up.
I've said it before, if you believe in this company you're going to have to endure the short term pain of riding this down to .007. At that point, the dilution of shares that resulted from the reverse merger should be priced in. Then, only solid news of realizing revenue, will turn the ship.
To me, it seems they want the dilution priced in and are holding all their cards close to the chest until what I hope will be a Q3 coming out party. For now, I believe their press releases have been intended to communicate simply that "we're still doing business."
Do not take this as anything but an unsubstantiated prediction, but Nov. 14th may be the time for a big reveal. Until then, this stock will likely stay in the .007-.009 range with the current trend likely pushing it closer to the low end. But Nov 14th is the deadline for 10-q filing with the SEC for the 3rd quarter I believe (SEC deadlines). Right now, they are not reporting to SEC and are still unaudited:
See FINANCIAL REPORTING
If on/or before Nov. 14th, and a share price that's likely in the .007s, I'm looking for them to announce:
1. Completion of audit.
2. First quarterly filing with the SEC.
3. Some type of revenue realized in the 10-Q even thought they'll
still be in the red.
4. Some type of news regarding onboarding merchants in other states to
prove their growth potential.
If this were to actually occur, I'd look for a massive spike in volume. Over 20+ million at least and a recovery that could get us into the .02s, maybe .03s with sustained daily volume, by end of q4. This is the type of news that investors with any big money are waiting to see. I think that these are the 4 cards they're holding on to. A 5th card that would make for a winning hand would be an announcement of securing some degree of local/state government acceptance and/or contracts.
Noteworthy News
MCOA has received 150,000,000 shares of common stock of Global Payout Inc.
"...On August 24, 2018, the closing price of GOHE’s stock was $.0116 a share, valuing the 150M shares position at approximately $1,740,000."
"...Since we are receiving stock in a publicly traded company, we have the opportunity to realize a gain from our investment in MoneyTrac to help provide the Company with capital to help accomplish our aggressive growth goals and business plan in 2018.”
Latest MCOA news (Thu October 11, 2018)
Marijuana Company of America Applies for Uplisting to OTCQB
"...in conjunction with an anticipated equity line of financing that will allow the Company, once the S-1 is effective, to raise up to $10 million. The Company’s application to uplist to the OTCQB tier is a condition for both the equity line of financing and for the Form S-1 registration statement."
MCOA President and CEO commented, "Our goal is to obtain the necessary capital through our S1 to capitalize on the host of opportunities available in the cannabis and hemp industry right now. Also, moving to a higher OTC Markets reporting tier will help to provide better access to institutional investors, broaden our shareholder base, and provide greater credibility with the Company's partners, clients, stakeholders, and customers, as well as with the wider investment community."
What does this all mean?
I'm not really sure. They could be a source of the selling pressure on $GOHE stock as they prepare for uplisting. I doubt they're still holding all 150M shares they have of GOHE. Or they could be setting themselves up to take an even bigger position, but it's unclear where MTrac fits into their overall strategy going forward.
In either case, keep eyes on them as they'll likely impact us one way or the other. They're making moves that could have immediate impact on the share price of $GOHE.
Only a Quarterly report with signs of revenue is going to move this thing. PR about transaction volume or on boarding merchants wont move the price one bit. If the Q3 report has any glimmer of improvement over Q2, then coordinate a PR release with it that details what transaction volume means for revenue growth and throw in a future looking statement with data showing expected/estimated revenue per transaction or some kind of month over month growth numbers. Tell the shareholders, how GOHE gets paid. Don't flaunt transaction/processing volume or dollars transacted on the platform.
Come on GOHE, just come out with it already and tell us how GreenBox cuts us our check.
Not that I'm mad about that or think they're doomed to fail, but I feel they are leaving out key information so that they can give the perception of being more independent than they really are.
Also found this when trying to figure out how MTrac expects to see revenue from Cultivate:
Explanation of Cultivate Processing Fees
The following fees will be listed on the applications per transaction:
Debit Card Processing Fee 4% + 30 cents
Credit Card Processing Fee 4% + 30 cents
Cultivate SAAS Fee 2.95%
The above fees are offset by passing a 4% advanced privacy fee on each customer transaction. The merchant keeps 100% of this fee. Net Effective Rates are calculated as follows:
Net Effective Rate, Debit = 4% processing fee + 2.95% Cultivate Fee - 4%
Customer Privacy Fee = 2.95%
Net Effective Rate, Credit = 4% processing fee + 3% wallet fee + 2.95% Cultivate Fee – 4% Customer Privacy Fee = 5.95%. Note: for credit card transactions only, there is a 3% “wallet fee” which is the fee for using the blockchain technology/closed loop echo system. It is not applied for debit card transactions.
Example – Debit Card
Sale Amount $100
Sales Tax 8% $8
4% Privacy Fee $4.32
Total Amount Processed $112.32
Debit Card 4% + 0.30 ($4.62)
Cultivate SAAS 2.95% ($3.31)
Net Settled $104.39
Example – Credit Card
Sales Amount $100
Sales Tax 8% $8
4% Privacy Fee $4.32
Total Amount Processed $112.32
Credit Card 4% +0.30 ($4.62)
Wallet Fee 3% ($3.36)
Cultivate SAAS 2.95% ($3.31)
Net Settled $101.03
Deep Dive into Cultivate reveals something interesting...
So I went to Cultivate's Website looking for address information which was not available. However, they do display a phone number:
833-878-0838
Googling that, showed some interesting results. There are multiple sites who use that same number. Besides Cultivate, there is:
Swip Pay
Swip Pay
1355 US-101, Florence,
OR 97439, USA
833-878-0838
info@swippay.com
Smart Merchant Accounts That Fit Your Business Model
>High Risk MCCs – Leverage Our Low Risk Portfolio Volume.
>Setup Convenience Fees To Cover Your Credit Card Costs.
>E-Check Processing Platform. Say Goodbye To ACH & Chargebacks.
>E-COMMERCE Processing Accounts.
Ten65
Ten65
3101 Smith Street
Houston, TX, 77006
833-878-0838
Support@ten-65.com
Transportation Management
REDEFINED
Automated AND controlled logistics. Tailor your Supply Chain in ONE place. Connect your company’s ERPs, Carriers, Vendors, Documents, and more with Ten-65’s Connected Information HUB (CIH)
Sky Mids
Sky MIDs
3101 Smith Street
Houston, TX, 77006
833-878-0838
support@skymids.com
Smart Merchant Accounts That Fit Your Business Model
>High Risk MCCs – Leverage Our Low Risk Portfolio Volume.
>Setup Convenience Fees To Cover Your Credit Card Costs.
>E-Check Processing Platform. Say Goodbye To ACH & Chargebacks.
And heres the kicker....
GreenBox announces the acquisition of Sky Mids Technologies
Sky's transactional book of business, capable of processing over $1 Billion annually, will selectively be added to GreenBox's infrastructure volume. The acquisition of Sky adds more than just volume to GreenBox POS business; The Company will also absorb Sky's staff, consisting mostly of engineers, and a host of technology already developed under Sky, who is already familiar with the Quick Card system. This should make for both an easy transition and fast launch into additional joint capabilities.
So what this tells me, is that GreenBox is likely more involved than we all think with the Cultivate news. I bet Cultivate was built by these Sky Mids engineers, but that's just a hunch.
The Ten65 company is interesting but it shares the same address as Sky Mids and they offer transportation management and logistics. Something I feel Dispensaries could use the heck out of. A lot of their business probably depends on supply from growers (logistics) and deliveries to customers (transportation).
Maybe they have all hands on deck to sale their product, but I thought Patrick was Director of IT at the company. At least it says so on their website. For being a tech focused business, I wonder how many of their own employees are actually responsible for IT support. They probably contract out that work and if anything, Patrick is the company's point man who sees those contracts through.
Need to know how Cultivate can help us generate revenue. As far as I know, deposits into MTrac wallets are the only source we have now. Unless they provide further details, I'll still wait to be excited. Tell me there's a 3% transaction fee for each credit/debit card swipe and then I'll be pumped.
In conclusion, I don't think this is a sign of regression or scrapping GreenBox. I think this could be the first signs of progress the company is making by expanding and enhancing their product offerings that will make MTrac more unique in this market.
Furthermore, I think MTrac is the only partner of GreenBox who is really white labeling their technology. If we were not doing so, then maybe it would have been better to leverage GreenBox to offer the same functionality. But this move, at least to me, demonstrates that MTrac wants to be more than just a sales/marketing wing of GreenBox which I think is a positive.
I think they removed wallet to wallet transactions because of the issue I reported to them a while back. If you wanted to send money to someone in your contacts who didn't have the app yet, you could have the app send them a text message. But this would provide them information about QuickCard instead of MTrac. If they already had the app installed then it worked sending money to other Mtrac wallets, but still I don't think it would have been feasible for merchants to allow customers to transact directly with their wallets like I was able to with my friend when we were testing the app. I mean before, you were able to request money from people in your contacts who had the app and I don't think a dispensary would want to have to deal with rejecting money requests from a bunch of hooligans.
I think this is one of the caveats to using GreenBox's platform because there is a shared infrastructure backend and it was likely impossible for GreenBox developers or too expensive for GOHE to have them seperate more of the backend infrastructure to address this. So I think the move with Cultivate was a strategically good one.
That's why this I'm delighted by this news because they are trying to address the holes that exist if they just stick with the ways GreenBox's allows users to exchange money!
I'm not too concerned. I think this will compliment the GreenBox POS system in a way that will differentiate us from other partners of GreenBox using their platform. What I mean by this is if you watch Cultivate's video, one thing really sticks out to me...
Deliveries
While Cultivate could be seen as a replacement to the GreenBox POS in merchant stores, I think of it another way. This will give smaller merchants access to MTrac's platform if integrated corrected. Not only that, but for dispensaries specifically, this integration could enable them to take their POS on the road and allow their customer's to swipe their debit/credit cards at their doorstep! So I see this move as an enhancement that will make our brand more attractive to a broader audience in the industry.
And before you say, why can't a driver just use the MTrac wallet, I don't think its possible. If you've actually experimented with it, you'd know that they've made changes to their wallet specifically and that they eliminated wallet to wallet transactions. I believe the MTrac wallet now needs a POS. So the Cultivate move was a good one...
I am excited about the news yesterday. It is a sign of the company addressing some of the valid concerns people have about the platform today. A knock on MTrac was the need for a customer to basically complete 2 actions before making a purchase.
1. Load your wallet via a Kiosk or the app.
2. Make a purchase with the merchant.
While that is technically a cashless system, it required Mtrac users to still "prepare" their funds before being able to make a purchase. If they are successful at integrating this technology into the platform, then it makes buying things a single experience.
I wonder what this will mean for wallet. Will this allow people to side step the wallet as well? Or will there have to be some kind of matching up of the credit card used to an Mtrac wallet account?
If you are still long, you are going to have ride this thing out and hold on while it goes to .007. The company has to survive this period, but because of the share dilution, it is better long term for the stock to correct itself. If it hit's that price, and the company doesn't flop, the next few weeks will be very interesting. Either we walk off the cliff, or the buying begins...
I'd almost want a quick drop to .007 than a slow bleed however, as the volatility may be a bigger sign that the stock is ready to move forward...
I bet the Forbes piece is the first sign of Stormy's influence. From GlobeNewsWire fluff to a Forbes article that explains the current condition of the industry and an opportunity in this market MTrac hopes to fill. Good looks.
Just some additional DD to share, I found this. Not sure how valid it is tho: MTrac Director Salary
With our market cap @ $19,777,292 as of 8/23 shown here: OTC Markets
And the outstanding shares growing to 2,845,244,556 from the Q2 report...
I don't see how the PPS can stay above a penny without concrete information on how MTrac is making money. All the news lately has been limited in details. This dilution in outstanding shares at current market cap tells me we're heading to .007 cents or close to it before any recovery can start.
8/2 - GOHE is pleased to announce that the MTrac Platform is on track to transact more than $600,000 in the coming weeks...
-A little misleading and probably intentional, thinking about how they could print the highest dollar amount on paper to make the news look more attractive. Assuming, that these transactions are all from deposits/withdrawals, and that MTrac receives the full 3% of the fee, it might mean $18K brought in from the platform. We have no idea about fees merchants may have paid for signing up or leasing kiosk/pos hardware, but it could increase that number a bit.
8/2 - Since the official launch in June (25th) of this year, the company has implemented six merchants that are currently active.
-This means that the Q2 report just released (ending June 30th) had nothing to show for the MTrac platform to determine the potential revenue it could generate. Q3 should be the first true revelation for us investors giving us some numbers to really crunch on. Hopefully, Q3 could begin the new era for GOHE if they can become fully audited and reporting before Q4.
To me, this 3rd quarter is crucial to their survival. They must demonstrate that they can overcome the dilution of outstanding shares that occurred due to the merger and prove that their business model can generate the revenue required to expect future profitability at least within the next 5 years when their license deal runs out. And this deal relies on a "high-risk" industry in which regulations are constantly changing. The news about hiring a lobbyist is a good step, but is the future of this industry going to remain a high-risk one? I doubt it. The key to everything is two-fold:
1. MTrac must accelerate the on-boarding of merchants while the industry remains "high-risk" (hopefully Stormy is the rocket fuel and Luna keeps the ship sailing).
2. MTrac needs to gain the confidence and acceptance of local and state governments that are realizing the benefits of this "high-risk" industry from tax revenue (highlighting the need for lobbyists).
In this way, MTrac does have an opportunity to establish itself as a standard and fill the void that exists in the relationship between this emerging industry and governments keen on keeping it highly regulated and wanting oversight.
Latest inquiry I sent investor relations today:
I was reading the Q2 Quarterly report that was released today and about the renegotiated "Exclusive Licensing Agreement" in which you guys paid $360,000 to license GreenBox infrastructure for the first year. I have a few questions pertaining to this:
1. Will there be any increases in licensing costs for the following 4 years of exclusivity after June 12th 2019?
2. Since this renegotiated deal, can you speak any further than the one sentence provided in the report on monetization of MTrac? Since you now pay an annual licensing fee, do you receive 100% of revenue generated from transactions fees on the platform? I know GreenBox receives the 3% fee on deposits initially, so does this get kicked back to MTrac? If so, do you receive these funds quickly, possibly via your own MTrac merchant wallet?
3. How will future licensing fees be paid for? Will GreenBox claim a portion or all of the revenue generated from transaction fees on MTrac's platform until the license fee is paid for?
4. I am assuming that with this new deal, MTrac revenue will depend solely on transactions. Can you provide any clarity on the GreenBox hardware installed at merchant locations? If there are any leasing fees associated with the MTrac Kiosks or POS systems, does MTrac receive a direct benefit from those fees separate from transactions conducted on them?
I look forward to any details you can provide.
As always, thank you!
Waiting to hear back...
NEWS - 8/21/18: Quarterly Report - GOHE Q2 Disclosure and Financials
Not sure why there's no coverage of this.
Still dependent on GRBX, but I think MTrac also owns 4% equity in GRBX so there's that too. I just don't know how - or even if - MTrac receives a percentage of the fee regarding certain transactions on this platform. In my testing of the MTrac Wallet, GRBX receives all transaction fees directly as they showed up on my bank statement not MTrac/GOHE. So if we don't get any revenue from transactions, we only benefit from the value of our equity in GRBX going up.
Needs another 10 million or more in volume to have a chance at $0.02.
Just saying....
It was on a Friday, the last time $GOHE share price went from .017 to .0237 on 35.1m volume (4/20). Similar set up as that 4/17 - 4/20 run. Can we get >30m volume tomorrow? Today was our 4/17 tho so do we see green next week?
News is still kinda vague. From what I can tell, the revenue we'd see would come from deposit transactions on the platform in the form of a 3% fee. So that's $18K from that $600K in transaction volume, but we don't know the split of that between $GRBX and $GOHE. Don't think this will drive the price up much, but hopefully we've found a bottom.
My thoughts/concerns exactly!
I don't think we get any kind of run until more is learned about this joint venture with GreenBox. From what I found, our exclusivity deal to sales and marketing in North America of GreenBox - the BACKBONE of our whole MTrac platform - will last only for 1 year. Also, it seems GreenBox is the initial beneficiary of deposit transactions conducted on the MTrac platform and the 3% fee it takes to deposit money into your MTrac wallet. So until we see if we get any of that 3%, or see how these license deals at merchants are priced, the only measurable thing I found is the 4% equity stake that MTrac has in GreenBox. Which until this merger completes, GOHE only has 18% of that 4% GreenBox equity to value GOHE at the moment. A lot of things can happen that would make this all fall apart and the MTrac app needs to distinguish itself from the QuickCard app way more before I start believing that MTrac has their own thing going for them...
Has anyone used the MTrac iPhone app? I have. Here are my thoughts:
First thing I did was set up a link to a credit card. Then went to deposit $10 bucks into my wallet. All credit/debit card deposits come with a 3% transaction fee. Said ok, transaction complete. Then checked my credit card activity and listed was a $10.30 charge from GREENBOX POS LLC. So it seems, Greenbox receives the initial revenue and MTrac must benefit solely from the increased value of a 4% Equity Stake in GRBX.
Next step,
So I decided I wanted to test sending money to another wallet. Asked a friend to get the MTrac wallet by inviting him via their app. Went to "find friends" in the MTrac app, and sent an invite to him. He receives a text message from a number instructing him to click a link or download the app QuickCard! not the MTrac app.
So I figure, this must mean that both apps are on the same blockchain and can send money to each other. Told my friend to go ahead, install the QuickCard app. Never could get him to show up as a friend I could send money to using the MTrac app. Once he downloaded the Mtrac app however, he promptly showed up and I could send him money. We did send and request money transactions between each other using my $10 deposit and it was instant between wallets...and no fees for these transactions.
The thing is, both apps use the same number to process authentication, transaction notifications, and friend invites. But the friend invites point potential new users of the MTrac wallet to the Quick Card app instead. This could cause adoption of the MTrac platform to stumble.
They need to address this matter quickly because if we only have 1 year of exclusivity with GreenBox, we need to focus on increasing the value of our 4% equity stake while promoting MTrac as the "Premier Platform" using GreenBox's patented blockchain. Or else wouldn't we consider this a failure to exercise the exclusive rights we have on sales and marketing of GreenBox in North America, if only for only a short term?
Other things to note:
-The camera the app uses to take a picture of a "government-issued" id card and create your account is kinda unintuitive. Could be enhanced to auto-snap the picture once the id fits in the frame and the image sharpens to where the print is legible.
-The MTrac app on the iPhone 6 at least, does not seem to send your phone any notifications. There's an in-app notification that appears but it doesn't hit the iOS. We tried enabling "push notifications" in app settings and changed the phone's settings to enable it but nothing worked. All notifications come via the same number used for authentication and friend invites.
-Also, the text received from a friend invite does not say anything about who sent it. So the text could seem kinda sketchy if a friend didn't tell him about it before receiving it. Or allow the sender of the friend invite to provide a comment.
Also found this about GreenBox in a MoneyTrac Equity Holding's chart from their
Annual Report - Global Payout 2017 Annual Disclosure published 3/30/2018.
GreenBox
Ownership – 4%
Type: POS/Blockchain/Fintech
Highlights: Patented Technology,
Exclusive 1yr
So MTrac's exclusivity deal has a short shelf life. So we are driving GRBX growth and benefiting from a 4% stake in their equity. The critical component long term, is whether MTrac can ensure that their platform remains a superior product offering of GreenBox services and can it dominate the percentage of transaction volume conducted over GreenBox's closed-loop blockchain.
Has anyone reviewed Quarterly Report - Global Payout Q1 2018 Disclosure
published 5/15/2018. It says as of 3/31/18, GOHE has an investment of $554,100.00 into MTrac.
If $GOHE has an 18% equity stake in MTrac, that would value MTrac at around $2.5M.
If you noticed, outstanding shares of $GOHE have increase by 120M from 1.62B to 1.74B at some point between 3/31 and 7/3 (Outstanding shares). Could this have something to due with the reverse triangular merger? If so, could the other 82% of MTrac equity have been converted into those 120M new $GOHE shares at a cost of ~.021/share given the estimated value of Mtrac?
Speculation:
According to the details of this press release: MoneyTrac Technology Aims to Disrupt Payment Technologies in JV with GreenBox POS, a Blockchain Company
"This agreement provides for an exclusive partnership whereby MTRAC will serve as a strategic sales and marketing resource to GBOX. In exchange, MTRAC will be given marketing rights in the US, Canada and Mexico, which the Company contends could provide for significant revenue in year one. MTRAC plans to launch GBOX services in April 2018."
and the latest GreenBox news (7/17):
CryptoNewsBreaks – GreenBox POS, LLC (GRBX) Reports Remarkable Market Performance Demonstrated by QuickCard
"As transaction volumes continue to double each week, the company expects average daily transaction volume to surpass $1 million in the fourth quarter of 2018."
If you compare the QuickCard iPhone app to MTrac's, it looks like they have the same backbone. Somehow I feel MTrac contributes to this transaction volume and likely almost all of it. From these numbers GreenBox recently reported, MTrac could be the reason their transactions are doubling weekly! From 1 merchant to 2 in the last 2 weeks, boom, doubled transactions. But it is yet to be known what MTrac gets for this exclusive partnership whereby MTrac will serve as a strategic sales and marketing resource to GBOX. If you compare the iPhone apps, it is MTrac's app getting more attention...
(7/13)One Merchant at a Time
"My team and I are very excited for the opportunity to launch with The Jet Room, our second retail merchant"
There is so much potential here if MTrac can show they are benefiting from this GreenBox partnership...
Could there be a merger destined the two companies in the future? GBox getting MTrac/GOHE shares?
News from a Partner: CryptoNewsBreaks – GreenBox POS, LLC (GRBX) Reports Remarkable Market Performance Demonstrated by QuickCard
"As transaction volumes continue to double each week, the company expects average daily transaction volume to surpass $1 million in the fourth quarter of 2018."
NetworkNewsBreaks - Why GreenBox POS, LLC (GRBX) is "One to Watch"
"GreenBox develops all software in-house and with international subsidiaries, which allows the company to provide individualized electronics modifications in partnership with different vendors. Custom POS machines are available as an upgrade from existing solutions currently in use. First-time merchants can also take advantage of custom-built kiosk machines powered by blockchain technology, complete with e-wallet integration downloadable via Android or iOS apps, or via installed cash-loading kiosks."
So we're a vendor to them...I wonder if our platform activity contributes to their numbers at all?
Offer first 100 merchants (or maybe more) a "founder's status" with special pricing as incentive to adopt the platform.
Or maybe offer status to all merchants in the first year. Than increase pricing a bit more so that if the platform does see verifiable growth in a year and if sustained after the "founder's status" promotion ends, would provide another bump in revenue with continuing merchant deals.
One thing's for sure, these deals with Merchants are the first signs of revenue $GOHE has shown in a long long time. Just to keep everyone focused, the objectives we need to see in the near term completed:
Near term (1yr)
1. Need to put this merger business to bed.
2. Then get the books in order to get reporting status.
3. Display revenue numbers quarterly.
4. Demonstrate growth of the MTrac platform and consumer adoption.
5. Apply for uplisting to OTCQB.
6. Gain partnerships with local governments.
7. Enter other industries.
Long term (5yr)
8. Turn profit
9. Uplisting
10. Platform enhancements
11. Partnerships with technology companies.
12. Brand recognition
The order of some of these can be debated (and probably missing some) but my point is, these will be most of the binaries that will move the price upwards. Everything else will just be manipulation, so either accumulate or wait and watch. But, watch out for news on any of these binaries.
Noticed this change recently:
Shares Outstanding Date: 07/03/2018
Shares Authorized: 3,000,000,000
Market Cap Shares in Issue Float
$ 22.83M 1.74B 901.43M
Shares in Issue increased by ~100M and the float went up significantly since last time I saw it.GOHE Financials
Former executives all out? Hopefully the past is almost behind us...need an announcement of completed merger to eliminate doubts of $GOHE shares becoming straight up MoneyTrac shares.
Shareholders of Record 12/31/2016: 782
If/when this is ever updated, do ya think we'll be over/under that?
It was just IR@moneytractechnology.com
but I believe it was Steve Luna who reached back out to me. He seems to be leading the investor relations for the company.
Follow up with MTrac Investor Relations
So after sharing the details of my email communication and the response they provided, I followed up with them yesterday (8 days after) with this:
Thanks for the info! I'd like to follow up with a few more questions as it pertains to the reverse triangular merger. Prior to the merger announcement, Global Payout Inc stated numerous times that they were pursuing an audit to become a fully reporting company. Once this merger is completed, will there still be a need to conduct this audit? If so, will that be pursued more aggressively with a timeline in place to complete? Or once the merger is completed, will the resulting company be fully compliant and reporting on a quarterly basis there after? Also, I'd still like to know more about the patent inquiries I made. Have the principles of the company provided you with any info?
To my surprise for a company basically still in start up mode and limited personnel, I receive another response 22 hours later from the guy I've been talking to that I call him. I was able to coordinate a call approx. an hr after this in which he called me actually once he was done with a conference call I was told he was in when I tried calling. I spoke with him for about 15 minutes in which he seemed happy to speak to me and did not come off as impatient or wasting his time with me. I wish I could have prepared more questions as I probably could of spoke with him longer.
He was limited in the info he could provide me as he could only share what was already available in the public domain but did express to me that they are actively pursuing becoming fully reporting and mentioned the goal of getting off the pinks and getting listed on the QB. But no timelines were given here as he said they still are working on completing the merger and getting things cleaned up from the previous company/leadership that recently left the company. The patent info he still wasn't sure about and said he is still going to follow up with me on that.
I did also ask for some details on the relationship they have with GreenBox but again, he had to refrain from disclosing specifics of the agreement as it pertains to any revenue generated by the blockchain technology and devices they provide in this partnership and what they might get from that. I guess we're gonna have to wait and see if/when they start filing 8k's and 10q's to see any details, but he expressed that their relationship is strong and emphasized MTrac's Sales/Marketing exclusivity deal they have with them in CAN/US/MEX but this is info already released to the public.
All in all, I left the phone call with increased confidence in their ability to execute which I definitely didn't have with the previous leadership. But I'm still going to hold off on increasing my position any further until more concrete news is released. The stock is still trending down and I'm going to wait to average down until maybe an announcement is made of completion of the merger, completion of an audit, or submission of application to uplist to OTCQB.
EDIT: I'd also like to mention that he highlighted Vanessa's capabilities as a strong leader and how aggressive she has been spreading awareness of the MTrac brand. He also stated how Nevada, in which they're headquartered, is becoming the model for how other states are considering cannabis, and that they hope to leverage having a footprint and being established in a state that can set them up for growth in other states that may adopt Nevada's model since they will be able to meet compliance requirements immediately if they do.
Emailed IR@moneytractechnology.com and received a reply 4 days later. Not a bad response time. Figured it's worth sharing with fellow shareholders. Here's what I asked:
My name is ******* and I'm a retail shareholder of $GOHE. I am excited to learn more about MTrac's entrance into this space of the market and have a question regarding the announcement of your first partnership. I understand that this is a big first step and likely still too early to impact $GOHE's market cap - but as you seek to expand this payment platform to new customers, what will be the main components driving revenue for MTrac? Product license contracts? Transaction fees?
Also, I saw there was a patent pending on one of the screens in the iPhone app. Can you elaborate any further on this? Will this be a patent owned by MTrac?
The response:
My name is ******* and I'm a retail shareholder of $GOHE. I am excited to learn more about M-Trac's entrance into this space of the market and have a question regarding the announcement of your first partnership. I understand that this is a big first step and likely still too early to impact $GOHE's market cap - but as you seek to expand this payment platform to new customers, what will be the main components driving revenue for MTrac? The main component to drive revenue would be the MTrac payment platform, our goal is to integrate our system in high risk industries and beyond, we are not limited to cannabis, as you know with your background big retail entities can also use our technology because of the benefits regarding audit and payroll, our system provides a ledger of every transaction and when you become a member of our ecosystem the money transferred settles immediately in real time . The goal is for the consumers to adopt the system and for the merchant to accept it, once that happens we can potentially eliminate the 3rd party which is the bank. Product license contracts? yes Transaction fees? yes
Also, I saw there was a patent pending on one of the screens in the iPhone app. Can you elaborate any further on this? Our technology is patented I will reach out to the Principles of the company and inquire if there are any patents pending. Will this be a patent owned by MTrac? Again, I would have to reach out out to the Principles of the company, and get back to you.
Do we know what kind of deals we're getting with these retailers? What's the revenue stream gonna be made up of? Transaction fees? Any input?