PSYC Corporation (PSYC)

[FreddyJ_30]

Maybe nothing...but still, it lives on as long as it is unanswered.

I mean crap, this almost happened a year ago:

Global Payout Inc. Completes Two Year Financial Audit, Plans to File Form 10 by Year End
12/04/2018

That is what I find so disappointing in CEO Vanessa Luna's address. The only bit of forward looking information she delivered was:

We are a diverse group of talented individuals that will work diligently to continue to bring in various revenue streams while maintaining key partnerships and expanding to create new ones. Global Payout will take a new form in 2020 as it identifies itself in a variety of strategic market sectors.

It is so vague, we are left to speculate what this will mean for our already depreciated positions as retail investors in the company. What is this "new form" going to be? Will it be related to completed milestones from previous announcements or joint ventures? Or will it just mean new expenses and debt obligations? If Vanessa was ready for primetime, she would have and should have used her letter to shareholders to address any of the following outstanding:


On October 25, 2019, a breach of contract lawsuit was filed in New Jersey, specifically Barry Lefkowitz, David Spector, Carol Gabel, and Sam Spector v. MTrac Tech Corporation and Global Payout, Inc., The lawsuit is in the initial stages and the Company contends that it is without merit, will consider a counter-suit, and will defend it vigorously.
10/25/2019

UPDATE: New filings appear to indicate that both parties will settle and is going to arbitration possibly in February. Looks like MGR2 may get around 6 million shares.


Global Payout, Inc. (OTCPink: GOHE) Announces Multi-Million Dollar Financing Agreement at a 10x Valuation
10/08/2019

MTrac, in June, announced the availability of cellular mobile payment terminals to allow retail cannabis delivery drivers to accept electronic payments from customers on site. Since the launch, upwards of 700 such terminals have been deployed to a variety of merchants operating within this market segment and the Company expects to see this number continue to increase through the duration of 2019 as this specific market sector of the industry expands.
08/15/2019

is pleased to announce that the Company has recently developed a new, second revenue source derived from the multi-billion-dollar CBD industry.
05/20/2019

pleased to announce the release of its system’s API for the purpose of integration with some of the leading POS companies in the cannabis industry.
01/10/2019

Global Payout and GreenBox POS Enter Licensing Agreement to Offer Blockchain Payments to All
12/24/2018

Baker Technology, MTrac and SUPERBAD BRAND Join Forces to Implement Accelerated Turn-Key Cannabis Payment Platform
12/17/2018