DavidPro__1
2年前
GreenBox (NASDAQ: GBOX), a thriving and rapidly growing fintech company, today announced its planned participation in the LD Micro Main Event XV being held from Oct. 25-27, 2022, at the Luxe Sunset Boulevard Hotel in Bel Air, California. GreenBox is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. GreenBox Chairman Ben Errez will be available for one-on-one meetings with investors and will be giving a presentation at 8:00 a.m. PT on Wednesday, Oct. 26. Errez will discuss the company’s rapid ascent in the digital finance space, including its strong processing volume growth, innovative payment solutions technology, completion of several key strategic acquisitions in addition to the recent shareholder approval to rebrand and rename the company as Ryvyl.
Hit321
3年前
Yes, I agree that is heavy in institutional ownership. Target price is still good. Recommendations are buy. However, at this point, the SP is easy to manipulate. Best to just sit back and wait for good earnings report and increase of customer base with increase in processing volume. This company looked good before COYNI, and will only get better if COYNI is as good as we have been told. Hard to wait, but that is what you have to do with an infant company.
Boredoftv
3年前
At one time I was up over $70K with this stock and now down $2600. I averaged up quite a bit over the last year and a half. Does this make me happy? No. Am I ready to pull the plug? Not yet, and for the reasons most of you believers have already stated. The tech is solid and the potential is enormous. They have stumbled, but its not like they have done all this before. This is a new company. I reached out to IR Mark a few weeks ago to to share my concerns with not meeting deadlines, the optics of their CFO selling shares when the price is in a continual decline (thougg I wondered if it may be part of his compensation), etc. Below is his response, shortened for space:
"The company is focused on execution of its long-term strategic expansion plans as demonstrated by the partnership with Cross River which massively expands their customer universe and services it can off, and recent launch of their bulk ACH channel adding $50 million in processing a month. While other initiatives have taken longer than expected to close or launch, management remains committed to seeing these through and has proven it can successfully scale its technology and processing volume significantly and expects to continue to do so.
In terms of insider sales, we don’t comment on why a management member sold, it’s their personal decision and given they are compensated in stock in lieu of higher cash salaries, sales should be expected from to time".
This stock is heavily shorted, but that can't last forever, especially once they start delivering results. I have been holding through this, but I guess for the first time since I bought in, I can start averaging down.