I think CEO is on to something. If you actually read through the whole annual report, you would have seen:
NOTE 9 – SUBSEQUENT EVENTS
On January 1, 2019, the Company consummated the merger with an affiliated entity. The merger is accounted for as a merger under common control, whereby the Company is the acquirer for accounting and financial reporting purposes and GreenBox POS (Washington Entity) is the legal acquirer. The Company is in the process of completing the audit of Green POS (Washington Entity) and the pro forma information is not yet available at the time of the filing this report.
Additionally, MoneyTrac($GOHE) paid over $300,000 to license their technology just for 2018 which you won't find anywhere on GRBX's annual report. I am invested in both and watch both very closely trying to figure out how this relationship is going to play out. I am concerned with how $GOHE can get away with reporting that they paid GreenBox last year as if to suggest the agreement was between 2 public entities. But as CEO said, the agreement is likely with this private entity, called Green POS? And if that is the case, does it give Ben and Fredi the ability to sell off their tech without sharing the returns with the investors in the public side of the company? I have no clue. I just hope the merger is truly completed. before any big banks come sniffing around looking to pick this "blockchain" rose before it blossoms.
Further evidence in the report to suggest that the meat and potatoes of the GreenBox platform is still private:
Since April 12, 2018, the Company’s operations have consisted of providing management and business development services.
Employees
The Company has two part-time employees.
Item 2 – Properties
We do not own any real estate or other physical properties material to our operations. We operate from leased space. Our executive offices are located at 8880 Rio San Diego Drive, Suite 102, San Diego, CA 92108, and our telephone number is (619) 631-8261. Our lease commenced effective December 1, 2018 for a term of 5 years. The base rent is $10,882 per month.
