Disclaimer: The below assessment is provided for informational purposes only and is not meant as a solicitation to buy or sell any securities related to the subject of this paper. All views and interpretations prescribed in this assessment are those of the author without communication or review of the company in question. This is a personal interpretation of the information provided by Custom Protection Services. This is not a recommendation to buy or sell securities related to ticker TOMI.
This pice of corporate analysis is focused on an introduction to Golden Triangle Enterprises, Inc.
About Golden Triangle Ventures
Golden Triangle Ventures, Inc. or “GTV” is a multifaceted consulting company pursuing ventures in the Health, Entertainment, and Technology sectors. The Company aims to purchase, acquire and/or joint venture with established entities within these areas of business. In addition, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of different business development objectives. The goods and services represented are driven by innovators who have passion and commitment in these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent the three sectors this company aims to do business in. For short updates on the Company, please follow the Company Twitter account at @GTV_Inc
Articles of Incorporation
See below for released PRs and analysis.
PR highlights: Golden Triangle Ventures, Inc. is a multifaceted consulting company pursuing ventures in the Health, Entertainment, and Technology sectors. The Company aims to purchase, acquire and/or joint venture with entities within these areas of business. The Health division will focus on CBD, which is one of the fastest-growing industries in America. The Entertainment division will focus on concert and event organization, and the Technology division will focus on several advanced innovations the company has identified.
Analyst comment: although the PR above discusses the reverse merger between the legacy company Texas Oil & Mineral and the acquiring company Golden Triangle Ventures (GTV) and its new ventures, GTV appears to have a diverse portfolio containing separate verticals. It will be interesting to see if they remain mutually exclusive or supportive.
PR Highlight: Not identified in the PR title but of substantial importance is a possible cancelation of 2 billion authorized shares, reducing total authorized share count from 2,500,000,000 to 500,000,000. Also planned and 100 million share cancelation, which would reduce outstanding shares to 21,442,500.
Analyst comment: this is a standard procedure to reduce the dilution effect common with Reverse Mergers. The next financially responsible action should be the identification and elimination of toxic debt.
PR Highlights: Two substantial aspects of the company was released with this PR;
- DTC eligibility
- Corporate subsidiaries update
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly-traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Health: With their health vertical, focused on CBD, GTV seeks to fill the critical gap between field and processor. With customers on both ends of this chain, GTV stands in an excellent position to capitalize on the CBD market.
Entertainment: The internal acquisition of Lavish Entertainment, Inc. is a no brainer for GTV. Already owned and operated by GTV CEO and its current experience within the Electronic Dance Music (EDM) market makes this a smart buy for this venture style company.
Technology: Almost no information is provided beyond the possibility of several new technologies they are exploring.
Analyst comment: Although this was a substantial PR, it is constrained on how this company plans to merge the three ventures into one company. At this time, it appears that GTV may be moving in too many directions at once.
PR Highlights: GTV received a new CUSIP and name change from the State of Texas. The Company is currently waiting for the assignment of a new trading symbol from FINRA, which it expects to receive at any time. All corporate documents have been submitted, and all fees have been paid. As part of this control change currently taking place, the Company is unable to establish a new account with OTCIQ until the new symbol has been issued. OTCIQ is the platform used to update its financials to OTC Markets, and the Company is very eager to file its financials with OTC Markets again after this is completed.
Analyst comment: this PR servers to highlight company transparency by providing document updates.
PR Highlight: Update on FINRA name change.
Analyst comment: Although a later PR identified an issue with the name change, that issue was based on a misfiling and improper communication chain, GTV attempted to keep its shareholders apprised of what it knew when it knew it.
PR Highlight: Although the Company received approval for a new Trading Name and Trading Symbol, a corporate filing was made through an improper channel at the Financial Industry Regulatory Authority (“FINRA”), which is forcing the Company to re-file its application through OTC Corporate Actions at FINRA.
Analyst comment: Although the PR highlights an adverse event for GTV, GTV showed a willingness to keep its shareholders informed. This shows a deliberate focus to take ownership of issues and quickly demonstrate transparency when most companies would attempt to hide.
PR Highlight: This PR focuses on the full integration of Lavish Entertainment into the GTV family, and the prospect of working with the lessee Sahara Event Center, a 58,000 sq foot venue capable of hosting crowds as large 3,000, located off the Las Vegas strip. Historically this venue has hosted such headliners as; Led Zeppelin, The Doors, Santana, and Bob Marley & the Wailers. A potential acquisition of this venue would give Lavish Entertainment the ability to host events without renting concert space at a market premium within Las Vegas. Potential single event revenue is between $105,000 and $225,000.
Analyst comment: As a standalone subsidiary of GTV, Lavish Entertainment will be able to provide a steady revenue stream for the growing GTV company. As Lavish Entertainment ramps up its event frequency, additional revenue may be possible. See the link below for the most recent completed event.
Final Analysis: After completing a thorough review of publicly available information (excluding financial filings), it is the opinion of the analyst that GTV maintains a high level of corporate transparency. At this time, it is unclear as to how the separate verticals support and enhance each other. Although a multifaceted approach to consulting can be beneficial in most cases, too broad a distinction between verticals may cause a divergence in resources that may lead to an overextension of the company. Taken in isolation, the activities of the subsidiaries will most likely provide independent revenue streams that may counteract an adverse company level event. Areas of concern include CBD regulation and capacity of venue in regards to local ordinances governing large scale events.
Further analysis is pending upon future company public releases.
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