Information pulled directly from www.galenfeha.com under the "Operations" tab.
July 12, 2020
CAUTIONARY NOTE TO INVESTORS: Investing in our securities, whether open market purchases or private transactions, comes with the high risk that you could lose your entire investment. Additionally, the content provided on this page is for information purposes only. It is by no means an offer to sell securities, and we are not soliciting an offer to buy any class of Galenfeha, Inc securities. Documentation validating the accuracy of the following information can be provided to regulatory agencies upon request.
2020 Second Quarter Results of Operations:
End of Quarter Cash and Cash Equivalents: $57,264.27 (+$28,388.45 a 98% increase)
End of Quarter Outstanding Common Stock: 82,325,679
At the end of Second Quarter 2020, Galenfeha, Inc. has no outstanding debt, no options or warrants that convert into any class of stock, and no other instruments that convert into common or preferred stock.
2020 Second Quarter Results MD&A:
We provided Operational Consulting Services for Second Quarter 2020. During the quarter, we saw significant increase in our cash and cash equivalents. Management would like to make clear that continued growth at previous Q/Q will be near impossible on a continuous basis because of current market volatility, and for no other reason than economies of scale. We are continuously adjusting our services and investment strategies in light of current market conditions as a result of the Coronavirus Pandemic.
Galenfeha management is continually looking for an acquisition/merger with a private company with no debt, and a minimum annual net income of $8,000,000 USD. Please see 2019 EOY report for more detailed explanation.
At the time of this report, July 12, 2020, the company is not in negations with any possible acquisition/merger candidate.
Galenfeha, Inc. is currently not, and has never been a "Shell" company.
James Ketner
President/CEO
Galenfeha, Inc.
