Global Arena Holding Inc. (OTCMKTS:GAHC) is trading higher today and has had a good week. GAHC is a company with technology related to the Bitcoin/blockchain phenomenon and they are seeing a run right now because of it. Shares of GAHC are currently trading at $0.0314, giving the company a stock market capitalization of $11.57 million. Let’s take another look at this company and see what their next few months might looks like.
GAHC is a company that uses blockchain technology to secure voting records, but has company has two arms that it seems to now be operating as one operation. Here are those companies: one called GAHI Acquisition Corp and another called Global Election Services. The former was set up to serve as a moniker through which Global Arena could operate crypto type businesses – specifically, through the application of the blockchain (the technology framework that underpins bitcoin) to various different areas (voting booths, as noted above).
Global Arena Holding Inc (OTCMKTS:GAHC) has managed elections across five continents, processing over 3.7 billion votes. It serves customers through an organization comprising over 600 employees across 12 offices around the world. Smartmatic is headquartered in London, UK.
Furthermore, the company is building a voting program that will allow their subsidiary GES to conduct more elections increasing its revenue.
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The rise in price is slightly unexpected or unsubstantiated because the company has not released press in 8 months. Here is a breakdown of that last press release:
In January, GAHC announced that the subsidiary, Global Election Services, Inc., continued to further its relationship with Smartmatic by utilizing proprietary software and personnel for three more elections. In the first election GES used software to register and confirm a member’s eligibility status for an in-person on site vote, and the subsequent tabulation of the election results. The second two elections involved the use of software to validate and register the eligibility of members of returned mail ballots, and then tabulating the election results.
“Having completed five elections together so far, it is clear that Smartmatic is a good fit to work with GES. They have been easy to work with as we tailor the software to suit our clients’ needs, maintaining the standard of quality our team has provided over the last 35 years,” said Maralin Falik, CEO of Global Election Services.
John Matthews, CEO of Global Arena Holding, Inc., said, “We are very excited to see the continued success of our relationship with Smartmatic and look forward to growing together to serve our current and future clients’ needs. This is a great opportunity for us to add more advanced technology solutions for our clients.”
Global Arena Holding Inc. (OTCMKTS:GAHC) is gaining some price in the bitcoin and blockchain fervor going on, but investors should be cautious here until their voting technology is more colored out. The technology itself is viable and elections in other countries is nice, but wide-scale adoption is a different thing all together. For continuing coverage on shares of $GAHC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $GAHC, either long or short, and we have not been compensated for this article.