Global Arena Holding, Inc. (OTC Pink: GAHC) is a holding company that operates across numerous subsidiaries: election services, investment management, blockchain technologies, and more. Shares of the company are declining 21.26%, through afternoon trading on Wednesday, June 14, 2017. Over the past month, Global Arena Holding, Inc. has seen average daily volume of 14.59 million shares. However, volume of 9.65 million shares or dollar volume of $193,000, has already exchanged hands today.

Shares of Global Arena Holding, Inc. are facing pressure today, after the company announced first quarter 2017 earnings. During the first quarter, the company reported total revenues of $77,500 and a net loss of ($2.19 million). This compares to the first quarter of 2016 earnings results, which showed total revenue of $666,532 and a net loss of ($496,210). Here is the income statement from the first quarter 2017 earnings report:

Global Arena Holding, Inc. 10-Q Report:

GLOBAL ARENA HOLDING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND 2016

(UNAUDITED)

Three Months Ended March 31,
2017 2016
Revenues:
Services $ 77,500 $ 666,532
Operating expenses:
Salaries and benefits 175,296 61,730
Occupancy 1,084 13,389
Business development 69,115 110,139
Professional fees 200,146 124,529
Stock-based compensation
Office and other 30,548 265,569
     Total operating expenses 476,189 575,356
Loss from operations (398,689) 91,176
Other income (expense):
Interest expense and financing costs (2,836,213) (757,725)
Loss of sale of subsidiaries
Change in fair value of derivative liability 1,047,969 170,339
     Total operating expenses (1,788,244) (587,386)
Loss before provision for taxes (2,186,933) (496,210)
Provision for income taxes
Net loss $ (2,186,933) $ (496,210)
Weighted average shares outstanding – basic and diluted 334,766,132 52,872,664
Earnings (loss) per share – basic and diluted $ (0.01) $ (0.01)
$ (0.01) $ (0.01)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Here is the link to the full 10-Q: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12124231

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