NetworkNewsBreaks – Global Payout, Inc. (GOHE) U
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Posted On: 08/06/2018 5:36:11 PM
NetworkNewsBreaks – Global Payout, Inc. (GOHE) Unveils Restructuring Plan
Global Payout, Inc. (OTC: GOHE) today announced that it has reached agreements with Secur Capital Corp. and ISBC Holdings for the return of 149,447,870 shares of common stock. As a part of the company’s restructure initiative, GOHE decided to separate from Secur Capital and ISBC Holdings moving forward, leaving MTrac Tech Corp. as the only wholly owned subsidiary of the company. To further diminish outstanding debt and improve its financial position, the company is working with shareholders regarding the conversion of Promissory Notes. In addition, auditing firm Fruci & Associates continues to work with the GOHE to complete the two-year audit. The company anticipates the Form10 to be filed in the coming weeks.
“When I agreed to take over Global as a part of the Merger with MoneyTrac one of my first goals was to clean up the books for this company,” Global Payout CEO Vanessa Luna stated in the news release. “There is a lot of history there and we have investors that have been supportive of Global over the years during the many ups and downs. I really wanted to make every effort possible to make sure those people were taken care of. Part of that goal has involved reevaluating existing relationships with the company to ensure they make sense in the big picture, and the management team and I agree that these relationships do not fit into the long-term plan. I personally handled the returns from both Secur and ISBC and decisions to separate were not only amicable but all the way around we wish each other much success in our future endeavors. We will continue to evaluate all aspects of company operations as we continue to build a solid foundation for what I plan to be successful company that benefits all shareholders.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Global Payout, Inc. (OTC: GOHE) today announced that it has reached agreements with Secur Capital Corp. and ISBC Holdings for the return of 149,447,870 shares of common stock. As a part of the company’s restructure initiative, GOHE decided to separate from Secur Capital and ISBC Holdings moving forward, leaving MTrac Tech Corp. as the only wholly owned subsidiary of the company. To further diminish outstanding debt and improve its financial position, the company is working with shareholders regarding the conversion of Promissory Notes. In addition, auditing firm Fruci & Associates continues to work with the GOHE to complete the two-year audit. The company anticipates the Form10 to be filed in the coming weeks.
“When I agreed to take over Global as a part of the Merger with MoneyTrac one of my first goals was to clean up the books for this company,” Global Payout CEO Vanessa Luna stated in the news release. “There is a lot of history there and we have investors that have been supportive of Global over the years during the many ups and downs. I really wanted to make every effort possible to make sure those people were taken care of. Part of that goal has involved reevaluating existing relationships with the company to ensure they make sense in the big picture, and the management team and I agree that these relationships do not fit into the long-term plan. I personally handled the returns from both Secur and ISBC and decisions to separate were not only amicable but all the way around we wish each other much success in our future endeavors. We will continue to evaluate all aspects of company operations as we continue to build a solid foundation for what I plan to be successful company that benefits all shareholders.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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