Did Gopher Protocol Inc (OTCMKTS:GOPH) Just Get Its Mojo Back?

Did Gopher Protocol Inc (OTCMKTS:GOPH) Just Get Its Mojo Back?

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If you’re looking for a small-float (8.5M shares), high rev growth play that has pulled back to key support after a major bout of momentum, then you might do a whole lot worse than looking at Gopher Protocol Inc (OTCMKTS:GOPH) shares right now. The stock was a huge winner earlier this year, rising 400% in just a couple months. Now, we are seeing a rebound off of key MA support on a rising 200-day simple moving average.

As far as catalysts in play right now for the stock, the company just announced that the patent covering the Guardian Patch has been allowed by the US Patent Office. According to the company’s release, “This patent describes an electronic tracking device system that is contained entirely on a “sticky patch” package, called The Guardian Patch. Dr. Rittman, Gopher’s Chief Technology Officer, is the inventor and Gopher is the sole exclusive licensee. The patent is expected to be issued July 10, 2018, as U.S. Patent No. 10,021,522. Gopher and Dr. Rittman intend to file a continuation application to preserve the right to pursue different/broader claims later based on further developments to the invention and potential infringers.”

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 information from the company’s most recent press 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 Earth. The Guardian Patch can track objects’ movements, in real time, at any location in the world, indoors, outdoors, and underground. The system can establish a location completely passively using its own radio technology. The Guardian Patch enables a whole new range of “real-life location analytics”. It could track exactly how many miles your object moved, cities/towns visited, velocity of travel, how long the object was at a specific location, altitude, and temperature as well as the object’s current movement in real time. The system includes its own power source that is expected to last 1 year.“

Earning a current market cap value of $237M, GOPH has a chunk ($895K) of cash on the books, which compares with about $1.1M in total current liabilities. One should also note that debt has been growing over recent quarters. GOPH is pulling in trailing 12-month revenues of $17.1M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 17465.8%. We will update the story again soon as developments transpire. 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.

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