The cooperation between GOHED AND GRBX (who has stop sign on otc for delinquent reporting) has always been in the dark. It is clear that the downward trend of both companies is due to their management, which doesn't surprise me due to the fact that they share the same office space at one location. listen to the management talk in their interviews, they are clearly scammers. (who is sigue?grbx)
As far as this gohe/mtrac niche market competition, make no mistake, the big companies are developing or already have developed block-chain based payment systems as well and are just waiting, the moment legislation changes (it will the fed wants their cut), the big banks will jump in, and these little scammers will disappear pockets full with all invested dollars written off as losses. The gift card/ money transfer app/ workarounds rely on the dispensary seed to sale tracking system that allows them state compliance, required to even open doors for business. this form of payment transfer system works for the dispensaries for now, rescheduling is only a matter of time. too many dollars at stake for the fed to not reschedule and tax.
Gohe/ mtrac was all about being the system to do it all, but are finding it difficult to get accepted by already functioning dispensaries who have already solved the "card payment" issue, via the "work arounds". If it ain't broke... don't fix it.
Soon GoheD will also receive their yield/ stop signs. they already missed Q2 disclosure report deadline.
1 for 100 reverse split is as bad as it gets. It means the company is circling the drain, with no discernable hope of pulling itself up. If you look at the L2 feed, you can see that they are dangerously close to losing the required 5MMs. before the r/s there were 10-12mm's daily. now there are only 5 with only 4 active as in one hail mary .001 bid.
What motivation does a dispensary have to use the mtrac system, over their own seed to sale tracking already in place for the product sale, and a payment app/ gift card for the money transfer? why wouldn't the customer just withdraw funds from a nearby atm and just pay cash?
to me it seems the mtrac system is just an unnecessary step, unneeded by the customer and dispensary, who have options when it comes to paying/ collecting. In your transaction experience, Didn't you have to request to use the mtrac system? or was it the automatic "go to" payment system for the dispensary?
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