STOCK GOODIES PLAYS OF THE WEEK

[arbytrader]

See my DD packet on OLBG

$OLBG$ Here’s a fair assessment of the most recent developments to include my own personal DD and why I think OLBG has 10-20 bagger potential.

These were the key takeaways from the OLBG’s and EXCC’s most recent 8ks:

-Excel Corporation was in default under the terms of their loan agreement with GACP Finance and GACP Finance auctioned off their property to OLB Group in the amount of $12,500,000.

EXCC’s 8K: https://backend.otcmarkets.com/otcapi/company/sec-filings/12683949/content/html

-As a result, OLB Group acquired the Company’s assets. If you look back to EXCC’s 10-Q covering the period end date of 30JUN17, Excel owned over $13,200,000 in assets and generated $8,000,000 in revenue over a 6 month period. Their costs and expenses were painfully high which makes sense why they defaulted. The processing and servicing costs were by far the worst. I believe Ronny Yakov may have a solution to slicing away some of the operating costs with his proprietary software and technology. Ronny saw the opportunity and bought this Company at a huge discount.

EXCC’s 10Q: https://backend.otcmarkets.com/otcapi/company/sec-filings/12229712/content/html

-OLB Group’s revenues weren’t very impressive over the last 10 years but I believe Ronny Yakov fully intends to bring this Company back to life. If you look closely at OLBG’s 8k from 13AUG18, the credit agreement states the following under the credit agreement:
“In order to finance the Asset Acquisition, GACP, as administrative agent and collateral agent (“ Agent ”), and as the initial sole lender thereunder, provided a term loan of $12,500,000 (the “ Term Loan ”) to the Purchasers, Omnisoft, Inc., a Delaware corporation (“ Omnisoft ”), and CrowdPay.us, Inc., a New York corporation (“ CrowdPay ” and, collectively with the Purchasers and Omnisoft, the “ Borrowers ”), each of Omnisoft and CrowdPay being affiliates of the Company’s majority stockholder, which obligations are guaranteed by the Company (collectively with the Borrowers, the “ Loan Parties ”), under the Loan and Security Agreement (the “ Credit Agreement ”), dated as of April 9, 2018, by and among the Loan Parties, the lenders from time to time party thereto as lenders (the “ Lenders ”) and the Agent.”

OLBG’s 8K: https://backend.otcmarkets.com/otcapi/company/sec-filings/12683699/content/html

Ronny Yakov is the CEO of the Purchasers, Omnisoft and CrowdPay. IMO, his end state is to draw these affiliates/recent acquisitions(Excel) under the OLBG Umbrella and ensure these companies glean from each other to create a well-balanced and functional business model.

Now here is where it gets interesting. If you go to Ronny Yakov’s LinkedIn, and look through his articles/activity, he posted an article on Ethereum ICO tokens back in July of 2017, and has liked several articles related to crowdfunding, cryptocurrency, IPOs and blockchain. You’ll need a LinkedIn account to see this webpage:
https://www.linkedin.com/in/ronnyyakov/detail/recent-activity/

My wild speculation is that he intends on incorporating ICO’s/cryptocurrency into his e-commerce business model. Just a speculation.

As the CEO stated in the most recent news, more transactions are to be announced in the coming weeks. Looking forward to what is down the road for OLBG