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Re: Pennybuster post# 414

Thursday, 02/07/2019 9:32:42 AM

Thursday, February 07, 2019 9:32:42 AM

Post# of 477
SO MANY Good Points... Each deserve their own Quote!

From GPLS 1/30/19 PR

We went the crowdfunding route to avoid the traditional highly dilutive “convertible notes” that are a common financing mechanism for micro-cap companies. We want to maintain a capital structure that investors can understand.



The raise to date has obligated us to issue 3.5 million shares of our common stock representing about 5% of our outstanding shares. These shares when issued will have a 12 month hold. Our share structure – is approximately 75 million shares (including the share cancellation that was resolved last July and reported in our quarterly report). Of these shares most are held by management with a float of approximately 12 million in the float.



We intend to create shareholder value, preserve share structure by staying away from any and all highly dilutive financing – with a future plan to develop a vibrant public market.



We are near completion of our Whitepaper and look forward to demonstrating our initial applications.



In 2019 we expect to become fully audited and will contemplate moving to a higher tier of OTC Markets.



As part of our project with Applicature we will begin a more cohesive communications effort



The Applicature and Cannco Efforts over the next 6 months will include:

· Completion of a whitepaper for the token offering and technology platform that will support the Cannco Ecosystem (this product is basically a business plan for our offering and will be one of the first of its kind)

· Token Economics

· Social Media – management, branding, and creative

· Capital raising

· Business Development

· Prototype Development



Our business model is to develop revenue producing digital applications for the cannabis industry. These applications will support:

· Merchant Processing

· Branding and Advertising

· Dispensary Finder



We are targeting the completion of our first applications by the end of Q2 2019.