A few days ago, we suggested that Gopher Protocol Inc (OTCMKTS:GOPH) might be on the verge of reclaiming its “mojo” given some technical signals. Indeed, at this point, shares have begun to bolt higher and one has to start to keep this stock on the radar given the tiny trading float and the stock’s history of sticking bear heads on spikes. In addition, the company just announced that it successfully completed its MESH network system architecture functionality validation and is now moving into the implementation phase.
According to the release, “During this phase, Gopher completed its Decentralized MESH architecture design and simulations. Successful results validated the system’s performance and functionality, which will allow Gopher to create a true, reliable Decentralized MESH network that is expected to have the ability, when fully developed, to cover very large areas. During this phase, various system’s components were simulated and tested in multiple scenarios. Successful results confirmed the system’s efficient operation. Gopher intends now to move to the implementation phase, which is the final electronic system build.”
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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Traders will note 49% during the past week in terms of shareholder gains in the listing. Moreover, the name has benefitted from a jump in recent trading volume to the tune of 32% above its longer-run average levels. It pays to take note of this fact with a float in play that’s very limited at just 8.5 million shares.
“The Decentralized MESH system is targeted to be a key component within our GEO tracking system, autonomous machines, military/security applications and many other IoT features. We designed, simulated, and validated our system architecture successful operation using software and hardware means; and very pleased with the results. We are now moving to the next phase, which is the full electronic system design and prototyping,” stated Danny Rittman, Gopher’s CTO.
Now commanding a market cap of $280.2M, GOPH has a chunk ($895K) of cash on the books, which stands against 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%. This is an exciting story, and we look forward to a follow-up chapter as events 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.