PSYC Corporation (PSYC)

[FreddyJ_30]

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...