Global Entertainment Holdings, Inc. (OTCMKTS:GBHL) Is Today's Stock Focus

The share price of Global Entertainment Holdings, Inc. (OTCMKTS:GBHL), the media holding, spiked in August 2017, as the company released that it had obtained financing for the new social media platform named “You've Got The Part”. The value of the stock went from trading below $0.01 to cross this significant share price level. In addition, the amount of shares that changed hands those days was astonishing; some days, more than 30 million shares were registered. Have a look at it before we give you all the details:SourceBusinessGBHL was created on July 11, 1996 in the State of Nevada. Its primary focus, as disclosed in the last company report, is "the production, financing and sales of motion pictures and other entertainment related content, conducted through its subsidiary, Global Universal Film Group, Inc." What's the most interesting competitive advantage of GBHL? According to the company, management holds over 100 years experience in film production and studio operations. In addition, GBHL has developed "a network of long-term relationships in the ‘Hollywood’ film community with agents, professionals, talent and third party distributors for U.S. and international distribution." Additionally, the company takes advantage of production tax incentives given by the US government and other governments, such as Canada.What are the most significant developments in the business history of GBHL? We could read in the last annual report that the company acquired WW Digital Marketing Group, Inc. in May 2015, which was the owner of “WeedWeb.com”. The website's main business objective is explained with the following words on the site:Source

"Finding professional services and vendors in the legal marijuana industry can be tough. Banks don't want to work with us, investors don't want to put their money into our companies, and most people are afraid of the legal weed revolution that's underway. So, WeedWeb was created to provide the industry with a place to be taken seriously. Create a stunning online presence for your business on WeedWeb.com - connect with suppliers across over 20 different categories. No matter what you're looking for - from banks, to retail suppliers, to transportation & security companies - you'll find exactly what you need to grow your legal marijuana company on WeedWeb.com." Source

Additionally, GBHL received $1 million in funding commitments to launch its “You’ve Got the Part” mobile App.SourceRecent Developments - GBHL Nears Completion of Financing for You've Got The PartOn August 15, 2017, the market got to know that the company was finalizing competition of its financing for “You've Got The Part.” What's this new project. This is what we got to know from the company:

“You've Got The Part” is a new social media platform that will allow anyone, anywhere and at anytime, the opportunity to be selected for a role in a real Hollywood movie or TV program via the Internet using their SmartPhone or web cam." Source

How did the company receive the financing? According to the same press release, GBHL received approximately 3.4 million common shares of Airborne Wireless Network, Inc. (OTCMKTS:ABWN), a well-traded, public reporting company. The total value of this stake is $6 million.Gary Rasmussen, CEO of GBHL, explained the opportunities that the new social media will open in the following words:

"For a small subscription fee, anyone across the country will be able to audition online for selected movie and TV projects and, if chosen by a community of their peers in various social media sites, will be able to achieve their dream of being in a real Hollywood movie or TV show. In addition, the producers of this content will gain immediate online and social media awareness and publicity for their project. It’s a ‘win-win’ for everyone!” Source

Financial Condition and shares outstandingAs the company depends on financing from shareholders to finance its day-to-day operations, we believe that checking the balance sheet is quite relevant. As of June 30, 2017, the balance sheet showed the following accounts, from which the readers should note the movie inventory.

• Note receivable, including accrued interest thereon: $91,725
• Movie inventory and other rights, at cost: $750,723
• Total Assets: $930,078
• Total current liabilities: $717,128
• Deferred revenue: $469,685
• Total Liabilities: $1,186,813

Regarding the movie inventory, we could read that GBHL acquired approximately 2,400 digital masters to motion pictures, television series, vintage films, short form contents and cartoons for worldwide distribution. Additionally, the company owns "Book Rights, TV Game/Reality Show Rights, Film Rights, and Movie costs." In our opinion, these are the most valuable assets.We could also read the following information regarding the share structure:

• Preferred shares - Convertible Series B: 4,000,000 authorized; 3,990,314 issued and outstanding
• Preferred shares - Convertible Series C: 6,500,000 authorized; 6,500,000 issued and outstanding
• Common shares: 470,000,000 authorized; 205,308,433 issued

Market Reaction and ConclusionIn our opinion, the share price increased in the month of August as a result of both the semi-annual report released on August 11, 2017, which we have assessed, and the news regarding the financing for “You've Got The Part”. It seems that the market pushed up the share price until approximately August 18, 2017 when, in our opinion, profit taking made the share price decline a bit. We did not see any news on this date, thus we believe that it is simply technical selling. To sum up, the company is growing and is surprising the market, so we will follow it closely. Readers should do the same.We will be updating our subscribers as soon as we know more. For the latest updates on GBHL, sign up below!Image courtesy of Dimitris Kalogeropoylos via FlickrDisclosure: We have no position in GBHL and have not been compensated for this article.