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Monday, January 18, 2021

Penny Stock GLOBAL PAYOUT INC COM USD0.01 (OTCMKTS:GOHE) Garners Attention

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GLOBAL PAYOUT INC COM USD0.01 (OTCMKTS:GOHE) is a penny stock that’s clearly begun to spur some interest among players in the marketplace as shares bounce up off recent lows. The primary driver in recent action is the company’s announcement that its majority owned subsidiary, MoneyTrac Technology, Inc., has completed an agreement with H Smart Inc. – a division of Marijuana Company Of America Inc (OTCMKTS:MCOA). H Smart is a developer and distributor of innovative wellness and Cannabidiol products, for the use of MTRAC’s financial technology platform.

According to the release, the technology available in MTRAC’s platform, via software developed and provided by Virtu Network Solutions, will be utilized by H Smart for payment of commissions to H Smart’s affiliates. GOHE projects that these load payments and bank account transfers will generate substantial revenue to MTRAC that will be realized this fiscal quarter.

GLOBAL PAYOUT INC COM USD0.01 (OTCMKTS:GOHE) trumpets itself as a software technology company providing solutions to modernize the emerging Fintech market.

Since the company’s inception in 2009, Global Payout, Inc., www.globalpayout.com, has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide.

In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2016, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs.

Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.

According to company materials, “Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system and “Global Reserve Platform” in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.”

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As we have covered in the past, the cannabis marketplace suffers from a lack of banking solutions because the big banks often won’t work with cannabis companies due to the fact that marijuana is still illegal according to federal law. GOHE is a player vying for a piece of the pie as a solution to this issue. They are teaming up with MCOA as a further step in that direction.

Robert Hymers, CEO of H Smart says, “H Smart’s core mission is to provide educated consumers with access to the highest quality CBD technologies and products. The financial technology solutions that MoneyTrac will deliver will help create the most efficient transaction process for our affiliates who will be at the forefront of marketing our innovative wellness and CBD products to consumers.”

We’ve witnessed 27% tacked on to share pricing for the name in the past month, but this action is running counter to the larger trend in the name. Market participants may want to pay attention to this stock. GOHE has a history of dramatic rallies. Moreover, the stock has seen interest climb, with an increase in recent trading volume of above 400% above the average volume levels in play in this stock over the longer term.

Now commanding a market cap of $19.10M, GOHE has virtually no cash on the books, which must be weighed relative to virtually no total current liabilities. One should also note that debt has been growing over recent quarters. GOHE is pulling in trailing 12-month revenues of $55K. However, the company is seeing recent declines on the top line on a sequential quarterly basis, with revenues falling at 0% as of its latest reporting period. We will update the story again soon as developments transpire. For continuing coverage on shares of $GOHE 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 $GOHE, either long or short, and we have not been compensated for this article.

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