We are always excited to take a fresh look at Gopher Protocol Inc (OTCMKTS:GOPH). The stock has been a strong bullish momentum play on the OTC going back to last fall, with significant speculative potential in the AI and IoT spaces. Shares are holding above the major moving averages, and the company is sporting massive top line growth.
The company just announced that its licensed patent, which it holds as an exclusive licensee from Dr. Danny Rittman, was “allowed” by the US Patent and Trademark Office on May 2, 2018 covers tracking devices, systems and methods using patches with embedded electronic circuits. According to a release, “This patent describes an electronic tracking device system that is contained entirely on a “sticky patch” package, called The Guardian Patch. The “allowed” status indicates that the IP is now protected and it will be assigned a patent within approximately three to six months.”
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 its press communications, “Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) 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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According to the release, “The Guardian Patch is a communications device that is self-adhesive and can be affixed to any object in order to track it anywhere on the planet. The Guardian Patch, when incorporated into a network, can track an object’s movements, in real time, at any location in the world, indoors, outdoors and underground. The electronic system includes a network connection for communicating with other, similar systems in a mesh network using radio spectrum, computers, and mobile devices, including the Internet. The electronic circuit within the patch transmits signals to enable tracking anywhere on Earth – with or without GPS services. The system can store the affixed object’s details for identification purposes on mobile tracking apps. The system includes its own power source that is expected to last one year.”
Traders will note 13% during the past month in terms of shareholder gains in the name. Furthermore, the listing has benefitted from a jump in recent trading volume to the tune of 17% beyond its prior sustained average level.
Traders should note this as important due to the extremely small float size in the stock (of 8.6 million shares). It’s something the veterans know to key on: ramping trading activity can overwhelm available supply in a stock with this type of small float, leading to an upward burst in prices.
Currently trading at a market capitalization of $383.8M, GOPH has a reserve ($1.3M) of cash on the books, which compares with virtually no total current liabilities. GOPH is pulling in trailing 12-month revenues of $9.2M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 10,190.5%. As more color becomes clear on the name, we will review the situation and update our take. 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.