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Re: None

Tuesday, 07/24/2018 4:51:00 AM

Tuesday, July 24, 2018 4:51:00 AM

Post# of 7376
Thinking out loud:
GOHE decides to invest in Greenbox POS because it is better than anything they were doing in terms of blockchain/payment technology. They create a sales team and secure a one year exclusivity deal and Greenbox license. This allows them to have MTrac machines and app that runs Greenbox technology but in a sector (weed) Greenbox would struggle to do on their own. GOHE management then steps down (maybe selling off their other aspects of company, no one knows) and decides on a reverse merger, making MTrac the only thing that matters.
Here is the scary part:
Greenbox literally decides on if MTrac exist or not in a year. We exist because they allow us too. When contract is up, they can
1. Sign MTrac for another contract
2. Sign other companies
3. Decide they can do it on their own
4. Mtrac is bought and part of Greenbox
Hopefully MTrac can prove their value and get absorbed by Greenbox. Or MTrac gets big enough to become the leader in the Weed space, so exclusivity will continue (1 year is the trial/prove your worth period).
What you are investing in is a service provider that does not own the actual product (POS software). They have a license only (atm and app are shells, insides are Greenbox). Greenbox would have to go to every location to switch out the machines, so probably won’t happen if they want to do it themselves). Arrangement is fine if MTrac sales and management value supersedes the ability of the creator of the product to go on without them or sign others to it as well.
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