Gopher Protocol Inc (OTCMKTS:GOPH) is one of the hottest stocks on the OTC recently. GOPH is up over 120% over the last three months. The company has high-powered AI-powered tracking technology that makes sense in a number of applications. To start, GOPH has working hard on a pet tracking application and a microchip for mobile phones. The latter, obviously, could pose to be very lucrative in the long-term, if the company can gain some traction.
Dr. Danny Rittman, Gopher’s CTO, whose background includes a long history in machine learning and AI, said about his company’s technology, “Our software is an integral part (brain) of our overall systems. Our chipset and supporting software are constantly working together within an entire family of software based on artificial intelligence algorithms.” GOPH’s tech is based on its own private, secured network that connects physical objects that are accessible through the Internet. The system is IoT ready and currently offers these exciting products: GuardianBracelet, GuardianOrb, or a mobile device with their GopherInsight microchip installed. Each one of these devices have been assigned an ID and IP address on a private network and are able to collect and transfer data over a network without manual assistance or intervention.
Gopher Protocol Inc (OTCMKTS:GOPH) casts itself as a development-stage Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
The Company has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide.
Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
Moreover, Gopher Protocol Inc. engages in the process of developing a real-time, heuristic-based, mobile technology. Its technology consists of a smart microchip, mobile application software, and supporting software. The company was formerly known as Forex International Trading Corp. and changed its name to Gopher Protocol Inc. in February 2015. Gopher Protocol Inc. was founded in 2009 and is headquartered in Santa Monica, California.
According to the company, GOPH is a development-stage company which considers itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.”
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On the financial side, GOPH just recently closed a growth finance offering for $750k. This move is also a step toward greater transparency for GOPH.
“The Company is pleased to be on a great track financially, it should be a very positive signal to the market that in January 2018, a private accreditor investor made the transition from being a lender to an equity investor,” stated Greg Bauer, CEO. “We believe the closing of the current convertible debenture with a fixed conversion price supports the notion that the investment community agrees that Gopher is on the right track, going forward,” added Greg Bauer, CEO.
Furthermore, GOPH is hoping to better its financial outlook by eliminating all derivative liabilities by paying off its reaming derivative liability on March 5, 2018. Bauer added. “In simple words, the Company’s debt schedule following the current funding and the payment of the last derivative liability result in only one outstanding liability of $750,000 that may potentially be converted into common stock at a fixed price,” added Greg Bauer, CEO.
At this time, carrying a capital value in the market of $160.41M and a float of 20.01M, GOPH is pulling in trailing 12-month revenues of $4.6M. Plus, the company is seeing major top-line growth, with y/y quarterly revenues growing at 9836.9%. The Tech GOPH has to offer is going to be very important as certain sectors follow the IoT trend We will be watching this one carefully. Sign-up for continuing coverage on shares of $GOPH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $GOPH, either long or short, and we have not been compensated for this article.