Eh, was this update supposed to reassure us? I think there's more behind this delay than they're leading us on to.
I'm inclined to believe that there is positioning going on here and that we will see some more dilution in the next few days following this update. Another round of funding is all I see here. As of yesterday, O/S was 3,299,103,045. Keep an eye on that number.
Also, another PR with typos. Sorry for being a grammar nazi but since we're forced to read between the lines of every PR, typos do tell us something - a lack of professionalism.
I'm by no means trying to bash the company as I am holding long for the bigger picture I see developing here, but they're excuse is that they don't want to rush filing a report that is critical to the company's future. That's a blanket statement. Of course you don't want to rush such a report filing. I think what is more revealing about the slow progress being made on filing the Form 10 is what they're not saying. Really, I think new management is stuck between a rock and a hard place. I believe that they would really love to put all this blame on old management for the delays and say that they were unable to pickup where that team left off because it could be old management never made one inch of progress on it at all. It could have truly been a P&D scheme with them. With this young new management team taking over and all the confidence they brought with them, they over-promised and thought they could start from scratch and have it done by end of 2018 and then within the first few weeks of 2019. But because old management still owns huge amounts of shares in the company (+300M I think), they can't talk any crap about them or they could crash this stock into nonexistence.
But now that I've confirmed myself that they have a working solution to offer merchants, I think MTrac is more than just a shell with a brand name looking for a technology to call home. Becoming fully reporting, is the last obstacle to overcome before they can really focus on growth and revenues. I have my quarterly revenue projections and so far, even with continued delays of these filings, I still think we are going to see impressive revenue growth Q over Q.
Just some speculation:
But I'm wondering if it could be that there is some coordination going on here between GOHE and GRBX. GRBX has crashed pretty hard over the last few months and I have a hard time believing that it wasn't intentional. I am speculating that we could witness another merger in 2019. This time between GOHE and GRBX. Doesn't it make sense for GRBX who is trying to uplist to the NASDAQ this year, to maximize their portfolio? I know GRBX doesn't want to be in the MJ space, but isn't it really their platform handling all of MTrac's transactions? Doesn't that put them in the middle of it all?
Or another thing that could happen, is GOHE raising funds with the recent dilution to buy out Cultivate. I actually like this outcome more because it would allow us to own some piece of technology and give us 60% of that $3.75 transaction fee pie.
In either case, all I'm saying is I wouldn't be surprised to see another merger in our future and if it happens, give me some credit haha.
Disclaimer: This is not investment advice. I wrote this of my own free will and have no insider information or concrete evidence to support any of the points made in this post. This is hearsay and meant purely for the sake of discussion.
