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.
