There have been some very popular Cyber Security stocks that have had some massive share price appreciation of which I believe APHD will prove to be better than for constructive reasons. The consummation of the acquisition of Araloc/Modevity will place huge multi-billion dollar corporations under the operational umbrella of APHD as their clients. I will explain this later within this post, but first I think it is important to understand the structure of the company to understand why I strongly believe in the company's potential going forward.
Reason #2 Below is the APHD Business Description and confirmation that the last reported Outstanding Shares (OS) is 349,933,465 shares and confirmation that APHD is a fully reporting company that files audited financials with the SEC:
Reason #3 The Definitive 14C below was filed by APHD with the SEC for two reasons; first to change the company's name from “Appiphany Technologies Holding Corp.” to “IP Risk Control Inc.” and second to increase the Authorized Shares (AS) from 1 billion to 5 billion shares to help to keep the lights on and for acquisition reasons per what was filed: https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12084760
This leads me to believe that they are going to use shares to acquire Araloc. Since the OS was last known to be 349,933,465 shares, I truly believe that they will use no more than the shares already existing within the OS which means that as a worst case scenario, the new OS will probably be somewhere in the 700 million to 800 million shares range in my opinion. I think this OS would be fair considering some of the other well known Cyber Security stocks that have had huge runs with far greater share structures.
Reason #4 Araloc/Modevity has Annual Income of $6,000,000 with 30 Employees with over 400 active clients with almost a decade of sales and operations behind it which further validates the market acceptance of the product line:
Araloc/Modevity has some big name clientele such as the Cisco, National Geographic, WellStar, McKesson, First Command, and Miami Dolphins:
Reason #7 I believe the acquisition of Araloc/Modevity is completed and that they are waiting on the name change to complete before making the announcement. Also, courtesy of sodamnsane, this is also why I believe the acquisition of Araloc/Modevity has been consummated:
Reason #8 APHD filed an Application for Withdrawal with the SEC to cancel the previously filed S-1 which also confirmed that no securities have been sold or will be sold under the Registration Statement which confirms that no dilution occurred from the previously filed S-1: