PSYC Corporation (PSYC)

[FreddyJ_30]

Noteworthy News

MCOA has received 150,000,000 shares of common stock of Global Payout Inc.

"...On August 24, 2018, the closing price of GOHE’s stock was $.0116 a share, valuing the 150M shares position at approximately $1,740,000."

"...Since we are receiving stock in a publicly traded company, we have the opportunity to realize a gain from our investment in MoneyTrac to help provide the Company with capital to help accomplish our aggressive growth goals and business plan in 2018.”


Latest MCOA news (Thu October 11, 2018)

Marijuana Company of America Applies for Uplisting to OTCQB

"...in conjunction with an anticipated equity line of financing that will allow the Company, once the S-1 is effective, to raise up to $10 million. The Company’s application to uplist to the OTCQB tier is a condition for both the equity line of financing and for the Form S-1 registration statement."

MCOA President and CEO commented, "Our goal is to obtain the necessary capital through our S1 to capitalize on the host of opportunities available in the cannabis and hemp industry right now. Also, moving to a higher OTC Markets reporting tier will help to provide better access to institutional investors, broaden our shareholder base, and provide greater credibility with the Company's partners, clients, stakeholders, and customers, as well as with the wider investment community."

What does this all mean?
I'm not really sure. They could be a source of the selling pressure on $GOHE stock as they prepare for uplisting. I doubt they're still holding all 150M shares they have of GOHE. Or they could be setting themselves up to take an even bigger position, but it's unclear where MTrac fits into their overall strategy going forward.

In either case, keep eyes on them as they'll likely impact us one way or the other. They're making moves that could have immediate impact on the share price of $GOHE.