Business
PSYC Receives Additional Capital at 10x to Finalize 2019 Audit and File Registration Statement
PSYC Receives Additional Capital at 10x to Finalize 2019 Audit and File Registration Statement.
About this update from Psyc Corporation
[{"type":"text","content":"\n SAN DIEGO, May 12, 2020 (GLOBE NEWSWIRE) -- Global Trac Solutions, Inc. (OTCPink: PSYC) (“Global” “PSYC” or the “Company”) is pleased to announce that, as a continuation of the capital support provided by a key investor and significant show of support for the Company’s psychedelics initiative, the Company has received additional funding at 10x valuation to finalize the 2019 Audit, which the Company believes is on track to be finalized within the coming days. “It has been incredibly challenging work to get this Company’s financials in an auditable position, but as we are now approaching the finish line with this process, I am excited to be closer than we have ever been before to becoming the fully transparent Company I have envisioned since day one as CEO,” said Global Trac Solutions CEO, Vanessa Luna. “We are very fortunate to have this incredibly critical and beneficial financial support made available to us, and especially when we are so close to successfully completing the audit and achieving our long-standing objective of filing our Form-10. I remain cautiously optimistic that in the coming weeks we could very well be in a position to announce the filing of our Form-10, and I would like to extend my thanks and gratitude to our valued share and stakeholders who have demonstrated a tremendous level of faith and patience throughout this process.” Becoming fully reporting will represent a major milestone for the Company and illustrates the dedication to transparency Ms. Luna has continuously promised. This move could also place the Company in a much more competitive position with the potential to open doors to new partnerships and capital opportunities, which the Company will look to leverage as it moves full steam ahead with its foray into the booming medicinal psychedelic market space. About Global Trac Solutions, Inc. (OTC Pink:PSYC) Global Trac Solutions is a diversified holding company dedicated to identifying new and emerging industries. By utilizing our years of business development expertise our diverse team of innovators continuously leverages our experience to effectively execute go-to-market strategies in order to position ourselves for rapid growth through the creation of an evolving business foundation to enhance profitability potential. Sinc...