Why the Worst May be Over for Gopher Protocol Inc (OTCMKTS:GOPH)

Why the Worst May be Over for Gopher Protocol Inc (OTCMKTS:GOPH)

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One former momentum leader that has fallen on hard times this year is Gopher Protocol Inc (OTCMKTS:GOPH). Shares have now completed a full round trip of their explosive run higher in early 2018, running from twenty cents per share up to nearly five bucks per share, and then turning around and giving all of that back up. But now, we might expect some sort of bounce simply due to the oversold nature of the move and the presence of long-term support. It’s something to keep an eye on. Helping to foment this sense is the company’s recent announcement that it has just filed for international patent protection (PCT) for its database sharing and management patent.

According to the release, “this technology is targeted to work within Gopher’s private, secured communication protocol, enabling vast database handling and management between Gopher’s devices. This patent is protecting one of Gopher’s essential IP components which is targeted to work also within its Avant! AI engine. Using Gopher’s proprietary gNET protocol, devices are sharing/exchanging vast amount of data in a proprietary method. This proprietary database management system also adds a significant layer of cyber security to Gopher’s network, eliminating possible hacking into the network. This method will be working in conjunction with Gopher’s granted Patch patent.”

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 that it has filed this week for international patent protection (PCT) for its database sharing and management patent.

Recent action has seen 23% piled on for shareholders of the company during the trailing week. Furthermore, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running approaching 180% above the average volume levels in play in this stock over the longer term.

“We are seeking international patent protection for our advanced database management invention,” stated Dr. Danny Rittman, Gopher’s CTO. “By filing an international patent application under the PCT, we simultaneously seek protection for our database invention in a very large number of countries. This is one of Gopher’s important intellectual properties as it defines a method and system for huge database handling and sharing in real time. This method is going to be the base of our systems through our private, secured communication protocol, gNET. Gopher’s devices and applications are exchanging data via this database system which enables high security and protecting for our network. This is our core IP for real-time applications like autonomous driving, military/security, robotics and derived IoT applications. The system manages database of all types including media, text, graphical, and securing the information within few encryption layers against malicious activities, enabling reliable, safe and private operation. The system works with our proprietary integrated circuit (IC) technology within mobile devices and is AI supervised. Gopher intends to integrate its database sharing and management technology within all of its tracking and GEO devices for civil and military/security applications. Now, we are seeking to protect our patent’s methodologies, concepts and approaches, worldwide.”

Currently trading at a market capitalization of $34.11M, GOPH has a significant war chest ($6.6M) of cash on the books, which must be weighed relative to about $18.8M 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 $57.1M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 69.4%. You can bet we will update this one again as new information comes into view. 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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