Certain terms of the transaction require at closing, GOIP to be debt free, current with its filings, and audited by December 31st of this year with a cash balance. Current management of CUBEIT will assume full operational control and all senior executive positions at the time of closing.
- GOIG merging with CUBEIT, Nevada cannabis company, maker of industry standard Modular Grow Cube, 50 years combined cannabis expertise - NOW current, fins filed, OTC Markets updated to "Current" status - Yield sign removed 11/27/18 - fins show essentially debt free (other than related party advances): only $33,500 in convertible notes - "soft" asset, net value of $3.5M to $6.0M via carry-forward loss write-offs against future profits - audited fins by end of year - Auditor engagement announced on 11/21/18 - trading sub- .0020's today, could be pennies very soon
GOIP Signs Merger Agreement with CUBEIT Holdings Inc., Nevada Based Manufacturer of Cannabis Specific Smart Modular Grow Units and Consulting Services
CUBEIT management and employees have a collective 50 years of expertise in the Cannabis industry. In addition to creating the industry standard Modular Grow Cube, they also provide consulting and management services to the industry in the areas of cultivation, processing, licensing, compliance, operations and more.
Certain terms of the transaction require at closing, GOIP to be debt free , current with its filings , and audited by December 31st of this year with a cash balance . Current management of CUBEIT will assume full operational control and all senior executive positions at the time of closing.
CUBEIT (and SHAREHOLDRS) get:
1) ZERO debt 2) pink CURRENT status 3) AUDITED financials 4) CASH balance 5) REPLACE ALL senior executives with CUBEIT's current management 6) BONUS - SUBSTANTIAL carry-forward loss write-offs against future profits with tax-beneficial $16,681,176 accum. deficit
GOIP Corporate Update New York, NY, Nov. 09, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GoIP Global Inc. (otcpink:GOIG) announced today that the company has filed the required application and submitted the fee payment to OTC Markets to regain current status.
This action is taken in line with our recently announced merger with CUBEIT; the company expects OTC Markets to update the company status within the next few days. The company is also in the process of engaging a PCAOB Auditing firm and will have an update regarding this shortly.
New York, NY, Nov. 21, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GoIP Global Inc. (otcpink:GOIG) announced today that the company retained the certified public accounting firm of Turner, Stone & Company, LLP, www.turnerstone.com, to complete the company audits. This is a further step in bringing the company to full compliance with previously announced merger terms with CUBEIT Inc. and having GOIP fully audited.
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