PSYC Corporation (PSYC)

[FreddyJ_30]

Hard to see this company as anything other than hype chasers who provide short term sales and marketing to companies that ultimately keep their independence and IP. They're only committed to the fintech for 3 more years at most. They did go thru like 4 contract rewrites with GreenBox so I guess the current one could be disposed of sooner than that, leaving shareholders with what value after 5 years? The value of an "MTrac" brand and trademark that could lose its backbone? At a moments notice, all that is the MoneyTrac brand, could be switch to a new agent/partner of GreenBox.

I just don't have confidence in whatever "emerging" market Global Trac attempts to take on next when current management has not proven to me that there sales and marketing services provide value to shareholders.

It's sad I got so invested in MTrac when I believe that Vanessa's plan all along was to use that subsidiary as a stepping stone to set up GOHE with the capital to go shopping in a new "emerging" market - ala this highly speculative $5 billion dollar psychedelic industry in which current management has 0 experience in - besides general sales and marketing.

So what PSYC has afforded itself with, is 3 years of revenue to go out and purchase something material before the contract with GreenBox is up. The question to the share holder is, do you trust Vanessa is going to buy assets with real long term value in a psychedelic space that will be driven by speculation and a regulation landscape that will be under constant change for the foreseeable future...keeping their ability to operate as a constant ongoing concern...