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GL Brands in Trouble?
Not only are you shocked, disappointed is next. This company ain’t what you think.
Agreed, but if Boxlight doesn't kick in Gaxy is dead in the water.
All Good CC, I didn't see your earlier posts. I do agree with you that it would be in the best interest for both companies to merge together. Boxlight is supposedly sitting n a boatload of money and may not be in a sharing mood. They may feel that they already control this market and looking for a bigger bite.
After further research on this company I found out that GAXY is the manufacturer for BOXLIGHT. The Mimio products belong to BOXLIGHT WHICH THEY ACQUIRED IN 2016.
Now here is the killer to the sales problem and why there aren't many new ones.
Mimio hardware and/or software is in roughly 1,000,000 classrooms in over 50 countries. The software is available in 30 languages and is designed for great ease of use.
It's already been installed in over 1 MILLION CLASSROOMS.
Boxlight owns it.
Gaxy helps to manufacture it, that's all they do.
https://uspto.report/TM/88330403
https://en.wikipedia.org/wiki/Mimio
https://www.touchboards.com/mimio/?gclid=CjwKCAjwzIH7BRAbEiwAoDxxTv44vGqge_XbfgaqgVHHUmfAOSXsRWH3RclNKfaiMFnq6wI0EN3bLxoCqFgQAvD_BwE
They are a manufacturer of something like that that's affiliated with Boxlight. Boxlight owns the intellectual property rights to the things this company pedals. I see a lot of legal problems here in the future. Mimio software is used and that's owned by Boxlight too. I see problems as Boxlight is holding out and pps is down
If the schools close, they won't be using or needing anything this company sells. It will be a wait and see.
I tried to tell ya!!!!!!!!!
Told ya so, know it all.
I'm a newbie, but can anyone tell me what the connection is with this company and Galaxy Next Generation?
Thanks
kgw
You'll all be crying when the company reverse splits.
If you like to lose money, be my guest. You're gonna!!!!!!
This Galaxy thing has already peaked. You should have got out at the peak which was what .065 or somewhere in there. It's done kid's and will drop to a penny very soon.
If the systems were selling Boxlight would be telling Gaxy to make more and as you can see Boxlight's stock is in a severe downtrend and Gaxy has petered out. It's plain to see they've shot their load.
Ok so Gaxy builds the systems for Boxlight and they have the 30 million $ or whatever. Sales have cooled down on all fronts and they seem to be in a wait and see. If they weren't Boxlight stock would be flourishing and they aren't. If you don't believe me take a look. Boxlight should be going up and it's in trouble. Clear signs there's a problem.
Good stuff, Boxlight claims they have nothing to do with GAXY.
I think you are, on purpose!!!
Boxlight (mimio) logo
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Founded in 1985, Boxlight, a US owned and operated company, quickly became a leader in presentation technology, climbing Inc. 500 lists and becoming synonymous with projection and display solutions for business, government, and education. In 2016, Boxlight acquired Mimio. Together they are a leading global provider of technology in the classroom.
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Whether it's whole-group or small-group instruction, summative and formative assessment, collaborative learning, or personalized instruction, Mimio software and hardware help teachers put these strategies into action, easily and affordably.
The intellectual property rights of the software is owned by BOXLIGHT NOT GAXY.
https://mimio.boxlight.com/mimiostudio-classroom-software/
Well GiantRun, it is a little more than an assumption. This company is branching out a bit. However mainly known in the southeast. They fairly jumped on the market there especially with the protective shields. The remote learning system is key here because of the affiliation with mimio which is owned by the Boxlight company. Gaxy's system runsoff that software. Look at Boxlight the numbers aren't there to support any claims of sales of that system to Gaxy. Software is residual income with maintenance and updates of software. No sales is proof between the companies that that's weak. They need that part of the package to keep the motor going.
No, but you did. And you all are going to find out, more than likely this week.
It seems that most plexiglass is in place already. The remote education set up is a hard sell as most school districts are going with a more known and respected company that's been in the business. Their intercom and bell system seems good but other companies are around and most schools have those already. BOXL is a key indicator for GAXY sales as they provide equipment for their system. BOXL isn't doing well so that means sales are down. GAXY is a hit and miss company, I say they've already peaked. Your information you put up has been around a while you're just repeating it. These events have already occurred and the charts are hocus pocus. This was a one hit wonder and the show is over for this one. It's just your typical pink sheeter.
This company is officially the laughing stock of the beverage industry. The 10-k ending March of 20 is atrocious. They pumped Rocket High and it took CBD Life's people almost 4 months to find out the cans were leaking. So no one even checked on their storage.
BASED ON THE QUARTER:
The 10k is out.
Assets as of March 2020 $540,510.00
Liabilities $3,606,634.00
In March 2020, the Company produced and delivered 146,880 cans of Rocket High, California Limonada, and California Te Negro branded product to CBD Life. In July 2020 the customer informed the Company that numerous cans of the delivered product were leaking. The Company agreed to replace the entire production run at its own expense and accrued related costs of $68,648 as of March 31, 2020. The production-related costs, including start-up costs and production overruns, were approximately $109,000. The customer has not requested, and the Company has not offered, any refund of the sales amount or to provide any other consideration to the customer. The $80,194 sales amount is included in sales for the three months ended March 31, 2020.
Wow, what a beverage company. This making it to the Nasdaq is a JOKE...
Houston we’ve got a problem
Do you actually think that they will overcome 40 million dollars of debt co-packing other company's name brand products. Their base with you and the others on that site thinking the company stays afloat by buying their products is a joke. With all the lies and falsehoods. Hempd, Rocket High, Fitwhey, the chocolate candy cbd is all in the toilet. No sales, the water is bogus!! The liquids they pour they don't own, even adi made that clear. Don't get carried away with the hand sanitizer. The rights belong to the Walton Family, you know Walmart and Sam's Club. The shots are owned by Rhino. Green Lotus dried up do to lack of interest. The Rocket drinks missed the boat like the ones for China, Mexico, California and the rest of the world. CBD Life still selling direct, the only thing in stores for them is a cbd cream. See that light at the end of the tunnel, it's a train.
Your numbers show a pennie and a pennie and a half. Those results are embarrassing.
I totally agree on that as well oilsleuth. You have a guy in Welch whom they glorified for all he's done for the company. Supposedly on the verge of something BIG happening and he abruptly leaves the company. Completely doesn't make any sense. That BIG happening could be something not so good??
Agreed, definitely true!
Big spread?? These morons spend 10 dollars to profit a nickel. LMAO!!!
When management talks about diversification, it's true! As a co-packing company. They now started referring to themselves as Rocky Mountain High Productions which is not the same as Rocky Mountain High Brands. They can't run one company now they will try 2. PATHETIC!!!! WHERE ARE THE FINANCIALS?
I don't care where you live but schools and colleges are already in session. Most all the plexiglass has already been installed. What you need to see is if their remote learning setups gain ground. However most schools already committed and signed to contracts on that too. This company has already peaked. You will make some money here but if it reaches .10 a share consider it lucky.
I wasn't saying they were going to split, the reference was made to a post by Gaxyholder put out under that. This company would be committing suicide to reverse split. However there are plenty of red flags with this company but OTC stocks make money on the pump. It is a moneymaker for daytraders it's by no means a long. Get in low watch it go up a bit and sell. It used to be a holding co. with that said the product they are pushing now is a one hitter.
OTC stocks reverse split to increase the pps to make the stock appear to be more successful to investors. They do it all the time. Then they dilute the shares til the pps goes down and they do it again. Selling shares is how these pink sheets operate. Galaxy may be able to buy back shares but I doubt it. They added 500 million more shares. They should be filing 8-K reports for everything they do but they don't and that's suspect.
That's completely false. It's actually the other way around, you have it backwards.
Interesting....
Pretty pathetic this company and all of it's success with the pictures and everything can't even maintain 6 pennies on the ticker.
This is from March of 2019. Meridian energy drink company Rhino Rush, LLC filed for bankruptcy protection this month, and a Texas company acquired its assets.
Rhino Rush posted a March 21 press release on Twitter and Facebook stating its assets were acquired by Rhino Rush 3GS, LLC. The next day Rhino Rush, LLC filed for Chapter 11 bankruptcy in the District of Idaho U.S. Bankruptcy Court.
At the time of the filing, the company had roughly $1.17 million of aggregate debt and financial obligations, and $1.18 million in property value.
Matthew T. Christensen, Rhino Rush’s bankruptcy attorney, said Texas manufacturing company Raw Pharma forced Rhino Rush to sign over their assets. The Texas company — which manufactures Rhino Rush’s products — alleges that Rhino Rush owes them around $28 million, Christensen said. Rhino Rush officials believe they owe “way less than what Raw Pharma thinks they were owed,” he said
Meridian energy drink company Rhino Rush, LLC filed for bankruptcy protection this month, and a Texas company acquired its assets.
Who owns the pickle shot, they never told investors about a pickle shot. Raw Pharma just about stole the intellectual rights of the Rhino Shots from the 2 brothers that owned it. This company owns nothing, they have gotten into the co-packing business. Where is the Rocket High and the Hempd. They are a co-pack partner that's all they are. I wouldn't doubt that plant isn't theirs. It's just another prop. How much money are they making? They supposedly still owe CBD Life large amounts of product that hasn't even been poured yet from the contract of December 2017. One lies and the other swears to it.