Global Payout, Inc. (PINK:GOHE) is by no means attractive to penny stock traders, especially when you take into consideration how rarely this stock is actually traded. In an attempt to push GOHE stock out of the twilight zone, a couple of Internet stock market newsletter providers focused on high-potential penny stocks have initiated coverage on the company.
GOHE was last traded on Monday, Apr. 23. However, after a three-week absence from the charts, GOHE shares failed to impress market players as their market value remained stuck at their previous Apr. 3 close of $0.05 per share. At least, more than 66 thousand shares changed hands, which is the company’s third highest volume for the last six-month period.
Global Payout, Inc. is a development stage company focused on providing electronic payment and pre-paid debit card solutions, thus giving account holders the opportunity to transfer money to personal bank accounts all over the world. The company has also developed the “eWallet” secure payment system.
The recently initiated coverage on GOHE ultimately rests upon the high potential of the global prepaid debit card industry.
The company closed the 2011 fiscal year with:
- $73K of current assets vs. $78K of current liabilities;
- negative net worth of $315K;
- $61K in revenue and an annual net loss in excess of $442 thousand.
