Hey Guys, I've been quite lately waiting to see how things develop. All forums relating to GOHE & GRBX have been pretty toxic lately and I just don't get it. Why is there so much animosity between the two when it is in the best interest of both companies for each to succeed?
This last quarter is going to tell us a lot. Has MoneyTrac gained enough traction to keep it's market share as the SAFE Banking Act makes it way to the Senate? It appears to be getting fast tracked and could be on the President's desk by early next year. Especially during an election season when such a decision could swing the vote and also during a period in time when such an untapped market could provide an immediate short term bailout for this country's ongoing debt crisis.
So, is MTrac ready to come out of the wood works and reveal themselves to the public? Today? No. But they have til end of the year to prove to me otherwise. I've based this timeline on the trajectory of the SAFE Banking Acting getting to a vote in the Senate. They have got to repair their reputation before that vote occurs, while at the same time busting their asses off to prove to investors that they can maintain growth. Such pending legislation also brings uncertainty to the market and could cause businesses in the industry to hold off on any new partnerships with disruptive technologies. Especially when traditional banking options could be less than a year away. Other things they must addressed before then:
1. Provide an update on their partnership with GRBX. They are our backbone. And there are so many unknowns with them as a publicly owned company as well. Plain and simply, there is no chance of Moneytrac going "public" for real if the facts aren't straight between the two, and that GRBX is a technology IP that will we not lose the rights to.
2. This audited financials have to be released giving new investors the prospectus they need to make a good financial decision.
There are many other things they could do to improve their appearance. And there are a lot of previously announced partnerships that GOHE could release good news about, but the truth remains: they are running out of time to be seen as an "emerging" fintech payment solution rather than just another half-baked attempt to capitalize on the blockchain craze.
The first thing they could do to repair their image is to submit their quarterly without needing to request an extension to file late.
