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Saturday, November 28, 2020

Why Gopher Protocol Inc (OTCMKTS:GOPH) Investors Just Got a Major Gift

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The new explosion on the OTC is clearly Gopher Protocol Inc (OTCMKTS:GOPH). Shares of the stock blasted off on Wednesday to the tune of as much as 105% on the day. What drove the burst? As far as we can tell, it was the company’s announcement of successful results from a test of its mesh network system in a controlled environment.

According to the release, “A conducted and controlled environment testing is a physical testing of the system’s components, connected via wires. In addition, each node and gateway are physically isolated via metal enclosure in order to eliminate radio connection. Conducted testing is done prior to a complete system’s radio validation in order to evaluate strength of electrical signals, communications and accurate data transfer.”

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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As noted above, GOPH just announced successful results from performing a conducted testing of its mesh network system in a controlled environment.

Recent action has seen 50% piled on for shareholders of the stock during the trailing week. Furthermore, the listing has registered increased average transaction volume recently, with the past month seeing topping 190% beyond what we have been seeing over the larger time frame.

“This type of testing is important to validate proper physical electrical signals and data accuracy between the entire system’s components,” stated Danny Rittman, Ph.D., Chief Technology Officer of Gopher Protocol. “In this type of testing we are validating the firmware and hardware functionalities as a complete system. We are pleased with the results as they match the architecture design. The next stage is a field test where the system will be used in actual urban and rural areas. We are now in the process of developing a supporting mobile app in order to visually inspect the system’s features including node hoping, area coverage, electrical and firmware data, and range. The mobile app will be an integral part of the system’s Alpha and Beta versions.”

Currently trading at a market capitalization of $123.89M, GOPH has a chunk ($522K) of cash on the books, which stands against about $7M 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 $41.5M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 247.4%. 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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