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Are We Seeing a New Foundation Build for Gopher Protocol Inc (OTCMKTS:GOPH)?

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As we continue to monitor the micro-cap ranks, we see a few interesting examples of important support coming into play in recent high-flyers, with Gopher Protocol Inc (OTCMKTS:GOPH) representing a fine example. The stock just held the $2/share level and vaulted higher off its 200-day simple moving average. The company also just announced that together with its partners has taken actions domestically and internationally to protect its Guardian Patch system and filed a continuation application with the USPTO.

According to the release, “In addition, Gopher filed with the European Patent Office in order to protect its Guardian Patch intellectual property for this market segment. As a reminder, the patent was issued July 10, 2018, as U.S. Patent No. 10,021,522. As previously disclosed, on July 6, 2018, Dr. Rittman filed a continuation application in the USPTO 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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We’ve witnessed wide-ranging but ultimately flat action in share values of the name over the past month. However, the stock has benefitted from a jump in recent trading volume to the tune of 25% above its longer-run average levels. This is particularly important given the stock’s tiny trading float of 19.5 million shares.

“The Guardian Patch system is one of our major breakthroughs and we are working to protect it, worldwide. Currently, to the best of our knowledge, there is no similar system in the world and we intend to expand it for many applications. We already implemented few segments of the Patch technology within our first product that now is in manufacturing, The Guardian ORB Pet Tracker. In the future, we intend to target military/security and other applications for our Guardian Patch system since it enables the ultimate tracking, worldwide, with or without GPS services,” stated Dr. Rittman, the Company’s CTO and inventor of the technology.

Now commanding a market cap of $278M, GOPH has a bankroll ($895K) of cash on the books, which is balanced by 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.

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