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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?


To: Mark B. Martell, CCM who wrote (2021)7/21/1998 9:22:00 AM
From: jmt  Read Replies (2) | Respond to of 2278
 
Finally got a chance to look at the quarterly filing.

No cash, and the have been issuing shares to pay for services (I am sure at a discount). Those accepting shares could have dictated the reverse to own a stock with more credibility.

So how about the technology? Good points have been raised here. Same old answers from Carl.

I am still a bit confused on the Check Central deal. It was originally adopted to generate cash flow. But it seems to require financing to get off the ground. Back to the same question. If Greenland had faith in the technology wouldn't that financing have been better spent on the core product?

I do understand the benefit of the check cashing. Don't know Mark if you work in a Manufacturing environment, but the number of employess without bank accounts is significant. And that payday lunch ritual to cash the check and have a cold beer is not a bad deal. But the question in my mind is why Check Central sold. If the business is that viable, could they have gotten independant financing.

JMO

jmt