Global Currency Reserve closed, GCR Coin sold off
GCR Coin was first touted when Global Currency Reserve launched back in July 2015. After repeated delays, GCR Coin eventually launched in August.
Following launch the value of GCR plummeted. A rally in late November saw the price rally but go into decline again over the following weeks.
Since mid-December the price of the coin has been relatively stable at around 0.00002 BTC.
Now, in an email sent out by CEO Bob Wood yesterday, it has been announced that Global Currency Reserve is closing. The GCR Coin itself meanwhile is being punted off to ‘new ownership (and) management‘.
Wood’s December 31st email claims development of Global Currency Reserve and GCR Coin has taken place over the past 18 months.
The GCR Coin is now standing on its own as a legitimate cryptocurrency coin on the public market.
The GCR Coin is completely independent from the future of the GCR Marketing Company.
Claiming Global Currency Reserve has ‘fullfilled its objective of creating and circulating the GCR Coin and taking it public‘, Wood (right) goes on to announce GCR Marketing Company ‘will cease doing business effective 12/31/2015‘.
Whether or not Global Currency Reserve affiliates had any indication the company was going to close its doors is unclear.
Looking forward, Wood advises
A new company with new ownership, management and marketing program will pick up the torch to carry the GCR Strategy forward.
Nexxus University is named as the “new” company, with a launch date of “the first week of 2016” given.
The Nexxus solution was planned to be delivered after the GCR Coin went public, dependent on funding from GCR Marketing to complete its development.
Due to several factors after the GCR Coin went public, the sales and corresponding revenue were not available to complete Nexxus development.
The new company will remain committed and supportive of the GCR Strategy and the development funding for the Nexxus solution.
From the sounds of it, Bob Wood has cashed out and sold GCR and the coin to whoever is running Nexxus.
Despite that, Wood claims to ‘remain optimistic on the strategic direction of GCR‘.
The long-term vision has not changed but the programs to get there have been refined out of necessity to changes in the business environment.
Stay tuned for further updates about the new program…
With GCR Marketing as an MLM opportunity little more than a recruitment-driven pyramid scheme, it’ll be interesting to see what Nexxus come up with.
Perusal of the provided Nexxus University website reveals “a priceless opportunity” and “Cryptocurrency Mastery” being advertised for $49.95 a month
Empower yourself and your family with financial education for less than $1 a week with unlimited access to the Certification Program for an entire year.
Nexxus University appears to have an attached matrix-based affiliate income opportunity, with affiliates paid to recruit new affiliates into the scheme. Retail doesn’t appear to exist, with affiliates who pay more each month paid a higher commission rate.
What any of that has to do with GCR Coin however is as of yet unclear. Ditto what effect Nexxus’ acquisition will have on GCR Coin’s current market value.
Why does this smells so much like PMX handing Kingdom whatchamacallit to whatshisname puppet owner?
BMLM,
Thank you for this article. I emailed it to friend who had been ‘mining’ with them, I also linked it to a cypto news forum.
The coin is still listed on Bittrex, where it seems it was likely sold off for 16,000 US (the sale to Nexxus) because that is the primary sale in the last while for almost 99% of the coin.
Given the new owners have not tied it to their lastest offering, one wonders how long it will retain any value. If I owned it, I would sell it assuming you can find a buyer.
What you mean people buying like this lol looking good and people don’t know the half of it.
0.00003280 354123.00956636 GCR 11.61523471 BTC
this ‘new company’ called nexxus university has its website created on 30,dec,2015 and is registered to bob wood:
so, it seems bob wood has dumped the gcr coin, and is on to his next recruitment scheme selling cryptocurrency education via nexxus university which has nothing to do with the gcr coin.
IIRC nexxus was supposed to have been the merchant platform to create a real world market to exchange gcr coins for products. but, bob wood is a scammer and all of those promises were just lies.
now gcr affiliates are left holding their worthless gcr coins whose value will soon go to zero, while bob wood embarks on his next scam.
congratulations gcr suckers, you got suckered by blinkybob.
BUT, the ‘new company’ nexxus university does not even mention the GCR coin!
the educational packages offered by nexxus university include a certain number of ‘coins’ without the specific mention of ‘GCR coins’.
so bob wood, which ‘coin’ is nexxus giving away, which will ‘improve the likelihood’ of the increased price of the GCR coin? and how will cryptocurrency ‘education’ increase the value of the GCR coin?
and, GCR marketing affiliates are being offered positions in nexxus university, so its obvious that GCR marketing has collapsed, and bob wood is starting recruitment from the top again!
So much going on Nexxus is just part of it id be unhappy if the GCR coin wasn’t at $10-20 by middle of the year and i certainly wouldn’t sell below 🙂
I think we heard this same line before and so the price never went anywhere but down down down maybe we can relax and let this coin die like so many others that can’t get above 10 cents and no where near $10 since they launched.
It’s nice to have a dream though.
MLM i shit em not interested get away from that bolox the 10-20 was actually a low estimate gonna be a great first quarter 🙂
I hope you were sitting on a toilet when you posted that.
LOL Cryptocurrency education? Who the hell would listen to him about that?
sweet just got a buy order in for 7 Bitcoins worth of GCR on Bittrex just hope some cunt dumps his stock so i get more at low price
nexxus university corporate video uploaded on jan 10th, 2016:
Q:
1. Why GCR Marketing Closed?
2. Why a New company?
3. Why new management?
4. Who are the new owners / funding partners?
5. Where is the new company located?
A:
gcr marketing closed because of funds drying up [read: recruitment crashed], the value of the coin crashing, and banking and regulatory problems in the US.
bob wood says gcr had to change 10 banks, as ‘banks don’t like cryptocurrency’.[the truth really is that banks don’t like pyramid schemes, but blinkybob will naturally not admit that].
bob wood says he along with some others like linda helin received a letter from the SEC, demanding details of their business operations.
wood consulted with his lawyer kevin thompson who allegedly told him that though what gcr was doing is completely legal, the SEC does not like cryptocurrency and so gcr marketing was in deep shit.[the truth is that the SEC does not like ponzi schemes built on the back of crypocurreny and hence they initiated their investigation].
the SEC informed bob wood that they had received complaints about gcr marketing and hence the investigation.
so what did blinkybob do?
he shut down gcr marketing and started nexxus university, which is registered out of the USA, in belize!
wood owns nexxus himself, with ‘funding partners’ who have been given preferential spots in the nexxus pyramid. naturally these funding partners are anonymous because they don’t want to get into trouble.
Q:
6. Nexxus Coin
7. Audit Results?
8. Missing Coins?
9. Unpaid bonuses?
10. Nexxus Strategy?
11. Nexxus Registration?
12. Nexxus GCR Downline?
A:
nexxus will launch a new coin called, nexxus coin. nexxus university will provide ‘education’ about cryptocurrency and give affiliates nexxus coins.
and oops, an audit of the gcr block chain showed that ‘jason’ who was the gcr coin developer, had Stolen almost all the gcr coins!!
so the gcr coins held by affiliates, are not in the blockchain anymore ie they are poof! gone!
wood is naturally very upset and has ‘called in the FBI’ to spank ‘jason’ properly.
and wood will replace all the gcr coins with, yes you guessed right, nexxus coins!
and what about the unpaid bonuses in gcr marketing? well, wood says gcr is closed so what can he do? he will just pay the bonuses in, yes you guessed right, nexxus coins!
just shift to nexxus with your downlines and start all over again with bob wood.
Q:
13. Nexxus ATM?
14. Nexxus GCR Support?
15. Nexxus Coin Timing?
A:
believe it or not, bob wood has actually got delivery of an ATM machine right in his office. yes, One Whole ATM machine all by itself!
at the opportune time, this ATM machine will be loaded with cash and you can exchange nexxus coins for hard currency in a jiffy!
uh, but when will the nexxus coin be launched on a public exchange? woods is working with ‘experts’ and the coin will be launched soon.
you see, the gcr coin Crashed because bittrex was not a proper exchange and ‘jason’ the developer stole coins and threw them in the market, and hackers were at work…
but but but nexxus will get it All Right, away from US banks and regulators, because blinkybob believes scamming should be done safely!
the conference call is too long, and i haven’t got to the part about ‘Behind MLM Article?’ yet.
its obvious behindmlm is a prickly thorn in blinkybob’s ass, but i’m quite sure oz will follow the rise and subsequent crash of the nexxus coin too.
i mean, why give bob wood a break? just launch a heat seeking missile at his assh*** 🙂
Thanks for bringing that to my attention.
I sat through the whole webinar and put together a writeup here – https://behindmlm.com/companies/global-currency-reserve/gcr-marketing-closed-as-sec-investigation-launched/
an act of undiluted bravery, i say.
Sorry for my translation. I do not speak English.
Bob Wood owners and their representatives Linda Helin, Lisa Sacco, Vincent Light, Kelly Ann and Kelly Killian still offer Global Currency Reserve having cheated thousands of people. They are irresponsible people.
Bob Wood left the money ah people and offers dreams.
They continue with the scam, now called Nexxus University.
It is the third time renamed abandoned and left thousands of people with GCRcoins. It is important to create an item because they are in legal research in the United States with the SEC.
And what is happening in Spain?
what is the current rate of nexxus coin? plz keep me update always.
Probably want to hit up GCC for that, it’s not something I’m tracking.