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Just to clarify
Glen Eagles used goph stock to invest into another company.
Investor Group Glen Eagles Acquisitions LP Makes Strategic Investment Into Mobiquity Technologies
Glen Eagles makes 9 million investment into Mobiquity Technologies in cash and GOPH stock.
https://finance.yahoo.com/news/investor-group-glen-eagles-acquisitions-110000602.html
GOPH appoints additional Independent Director
https://finance.yahoo.com/news/gopher-protocol-appoints-independent-director-110000784.html
Another reverse split? When was the first one? Mine? Since when does exmt have a mine?
Warning for companies entering Crypto market
The SEC’s Office of Investor Education and Advocacy is warning investors about potential scams involving stock of companies claiming to be related to, or asserting they are engaging in, Initial Coin Offerings (or ICOs). Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. These frauds include “pump-and-dump” and market manipulation schemes involving publicly traded companies that claim to provide exposure to these new technologies.
Recent Trading Suspensions
Developers, businesses, and individuals increasingly are using ICOs – also called coin or token launches or sales – to raise capital. There has been media attention regarding this form of capital raising. While these activities may provide fair and lawful investment opportunities, there may be situations in which companies are publicly announcing ICO or coin/token related events to affect the price of the company’s common stock.
The SEC may suspend trading in a stock when the SEC is of the opinion that a suspension is required to protect investors and the public interest. Circumstances that might lead to a trading suspension include:
A lack of current, accurate, or adequate information about the company – for example, when a company has not filed any periodic reports for an extended period;
Questions about the accuracy of publicly available information, including in company press releases and reports, about the company’s current operational status and financial condition; or
Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.
The SEC recently issued several trading suspensions on the common stock of certain issuers who made claims regarding their investments in ICOs or touted coin/token related news. The companies affected by trading suspensions include First Bitcoin Capital Corp., CIAO Group, Strategic Global, and Sunshine Capital.
Investors should be very cautious in considering an investment in a stock following a trading suspension. A trading suspension is one warning sign of possible microcap fraud (microcap stocks, some of which are penny stocks and/or nanocap stocks, tend to be low priced and trade in low volumes). If current, reliable information about a company and its stock is not available, investors should consider seriously the risk of making an investment in the company’s stock. For more on trading suspensions, see our Investor Bulletin: Trading in Stock after an SEC Trading Suspension – Be Aware of the Risks.
Pump-and-Dump and Market Manipulations
One way fraudsters seek to profit is by engaging in market manipulation, such as by spreading false and misleading information about a company (typically microcap stocks) to affect the stock’s share price. They may spread stock rumors in different ways, including on company websites, press releases, email spam, and posts on social media, online bulletin boards, and chat rooms. The false or misleading rumors may be positive or negative.
For example, “pump-and-dump” schemes involve the effort to manipulate a stock’s share price or trading volume by touting the company’s stock through false and misleading statements to the marketplace. Pump-and-dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a promoter will call using the same sort of pitch. In reality, the author of the messages may be a company insider or paid promoter who stands to gain by selling their shares after the stock price is “pumped” up by the buying frenzy they create. Once these fraudsters “dump” their shares for a profit and stop hyping the stock, the price typically falls, and investors lose their money. Learn more about these schemes in our Updated Investor Alert: Fraudulent Stock Promotions.
Tips for Investors
Always research a company before buying its stock, especially following a trading suspension. Consider the company’s finances, organization, and business prospects. This type of information often is included in filings that a company makes with the SEC, which are available for free and can be found in the Commission’s EDGAR filing system.
Some companies are not required to file reports with the SEC. These are known as “non-reporting” companies. Investors should be aware of the risks of trading the stock of such companies, as there may not be current and accurate information that would allow investors to make an informed investment decision.
Investors should also do their own research and be aware that information from online blogs, social networking sites, and even a company’s own website may be inaccurate and potentially intentionally misleading.
Be especially cautious regarding stock promotions, including related to new technologies such as ICOs. Look out for these warning signs of possible ICO-related fraud:
Company that has common stock trading claims that its ICO is “SEC-compliant” without explaining how the offering is in compliance with the securities laws; or
Company that has common stock trading also purports to raise capital through an ICO or take on ICO-related business described in vague or nonsensical terms or using undefined technical or legal jargon.
Look out for these warning signs of possible microcap fraud:
SEC suspended public trading of the security or other securities promoted by the same promoter;
Increase in stock price or trading volume happening at the same time as the promotional activity;
Press releases or promotional activity announcing events that ultimately do not happen (e.g., multiple announcements of preliminary deals or agreements; announcements of deals with unnamed partners; announcements using hyperbolic language);
Company has no real business operations (few assets, or minimal gross revenues);
Company issues a lot of shares without a corresponding increase in the company’s assets; and
Frequent changes in company name, management, or type of business.
https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-alert-public-companies-making-ico-related
Doubt it. Shares paid for recent acquisitions i believe are under water now.
Doubt it. Shares paid for recent acquisitions i believe are under water now.
I wonder if recent stock decrease will hamper their ability to raise funds down the line.
I would agree with that especially with the spike off OS, which just continue to grow
I didnt think it would get under $1 but looks like it might be possible. I would grab more shares under .50 which i think is a better current valuation of the company. Balance sheet doesnt support anything higher than that
Mesh testing success
Gopher Protocol MESH System Successfully Passes Hardware Testing
https://finance.yahoo.com/news/gopher-protocol-mesh-system-successfully-110000703.html
Gopher Protocol MESH System Successfully Passes Hardware Testing
Company has only announced selling their products via the merchandisers who utilize the ugopher services/products. They have not announced or indicated using any other distribution channels. More maybe in the future but nothing yet.
Recent presss release only indicates they are still working on the mass production.
Personally id like to see the products in actual pet stores. Thats the customer base that will spend the coin
You hear the most recent fake pump? Evidently they are releasing the guardian orb next month. Yup the same product thats available for purchase today.
.08-.10 is aggressive without any financial information. Only way i see that happening is information on equity investment in plutux and investment in the ico along with the ico taking off
You see the crypto news. Didnt someone say that the sec was going to shut down these crypto companies? Sec investigation next?
yeah we did. day traders most likely made out like a bandit though
Market sees to be seeing the truth now and i assume that's why the the prices keeps going down. 2 months ago it was making a push to 5 right? and now its barely holding to 2.
thank you for proving my point that the current price is too high.
I agree with your assessment. Nothing in the financials or near term future prospects warrants current price or anything above $1. So far their current revenue margins are pathetically low with ugopher and the pet tracker pre market acceptance is pretty cold. They are now diversifying into crypto market with no indication of revenues but paying a lot of money for a partial ownership.
I wont go as far as claim scam but i would be careful about information that has not be distributed by thr company and information that contradicts what the company puts out. For example there is a big difference betwren the definitive uplisting and exploring the ability to uplist.
I would've thought the company would have the report by now if they are able to uplist or report what it would take
Gopher Protocol Announces Launch of Certification Process for New Products
Interesting to see if delivery stays on track
https://finance.yahoo.com/news/gopher-protocol-announces-launch-certification-110000546.html
But they have an loi to purchase a 100 million dollar company
right on schedule after 8-k is a pr. 20 million shares. This is a big purchase
this potential $100 mill acquisition is interesting. I'd like to see the books and the reason why they believe this new asset is worth $100 mill
My understanding is the word got our via rick. I believe that some of the returns should be credited to him
I'm confused. An equity research firm has a price target of $4.84 but an insider initially gave it a $30 target 6 months ago and now has increased it to $300.
Who does one believe?
https://finance.yahoo.com/news/seethruequity-initiates-coverage-gopher-protocol-130000052.html
The below is from the article which I agree with and everyone should realize
We see GOPH as a high risk and high reward play on the burgeoning IoT market. The target of $4.84 assumes successful execution of its expansion plans which revolve around new product launches, entry in new verticals as well as new geographies. Key risks include lack of acceptance of GopherInsightTM in the market that could materially affect company growth prospects.
and of course as anticipated
Gopher Protocol Announces Launch of Blockchain Division
https://finance.yahoo.com/news/gopher-protocol-announces-launch-blockchain-110000632.html
Nothing really new here since we already had this
Gopher Forms Joint Venture to Pursue AI-BlockChain Based Smart Contracts Industry in Latin America
https://finance.yahoo.com/news/gopher-forms-joint-venture-pursue-110000415.html
Pretty much same news we had out there for the past couple of weeks.
It might be slowed but fluff press releases. We've seen it in the past. I wouldn't be surprised if another one comes out soon.
My understanding is that the target price has been increased from 30 to 300
still seem too low but we'll see. IF the OS had stayed around 20million shares then i would say no way but now we're at 130mill and rising.
under $2? But the predicted valuation was increased from 3.9 billion to 39 billion and that just at the current known outstanding shares. The future of this stock is going to get very interesting
video is one year old and still nothing delivered . But the stock is expected to go to $30 based on a product that's yet to get 60K in sales at a discounted price
Well it's a lotta someone's right?
Well it happened this week so its possible.
I wonder what the people who purchasrd over $4 are thinking especially when they were told the stock could reach 30.
Id really would be surprised to see .30 again but there is no financial reporting or any press release put out by the company that says $30
Gopher’s Exclusive Licensor Files Patent Covering Key Mobile Database Management and Sharing System
https://finance.yahoo.com/news/gopher-exclusive-licensor-files-patent-110000981.html
I think making purchases on insider information might be a tad illegal. I think we may see some of that going on here.
I've said from the beginning it was a long term play but from a financial valuation standpoint the stock inflated very quickly. Revenues or balance sheet never warrranted the price of the stock.
Bottom line is the company needs IOT product in the market earning revenues before any real price appreciation can be talked about. The company calls their product revolutionary but it's hard to see that when they aren't really getting any backers for it. JMO