Here is a copy of KIP;S of VRA on Pat 1 posted on facebook:
****VERY DETAILED RECAP FROM KIP HERRIAGE’s VRA UPDATE ON PATRIOT ONE*** Posted with his permission. Read at length, well worth it. Patriot One Technologies - Update (PTOTF; US. PAT.TO; Canada) 11/6/19 Current Price: $1.21 VRA Recommended Price (10/11/17): $1.03 We first became aware of Pat 1 following the 10/1/17 Las Vegas massacre. The following is from our original Buy Rec on Pat 1 (10/11/17) @ $1.03/share. ---- Tyler and I immediately got to work researching the company, including a review of Pat 1 financials, corp filings, competition, news releases, etc. Within 2 days we were on the phone with Pat 1 CEO Martin Cronin. This was included in our initial Buy Rec: “Patriot One has the makings of an absolute grand slam. Micro Cap companies are inherently risky but also bring with them tremendous upside potential. But story stocks like PTOTF can catch fire and move fast. This technology has the potential to stop all shootings, like the one in Vegas, from ever taking place in the first place and will also replace existing technologies in place today. And check this out. We have VRA Members from all over the world and from all walks of like. One of our long time members just happens to be in the same industry as PTOTF...this was his email comment from yesterday: "Kip, I spoke with the head of our sales team this morning. He saw the company at a recent trade show in London. He was totally impressed by demos they had at their booth using their technology. Just another data point. I am in at a full share today.Thanks, Robert This was only one of several emails that Robert and I exchanged on PTOTF. Just so you know, each was positive. My "guess" is that this is just the beginning of a sharp move higher in PTOTF...as in short term...and that I'll likely be recommending it when it gets to $2...then $3...likely higher still. As the technology gains end users, there's no reason that PTOTF cannot carry a market cap of $500 million in the next 1-2-3 years. That would equal a stock price of roughly $10/share, representing a 1000% profit from current levels. PTOTF is another example of how I marry the VRA System and its fundamental/technical analysis with my 32 years of doing this every day. I know many ST traders that only look at the technicals. They think they have it all figured out...and some actually might. But my view has always been that unless I can actually get to know a specific company, their mgt team, their industry and the macro story around that company that I can never invest with a high level of confidence. Combined, this is what makes the VRA the 14 year success (now 16 year) that it has been and I know from enough of your emails and comments over the years that this is why many of you have been with me for just about the entire 14 years.” ---- Today, our Buy Rec on Pat 1 not only remains in place; our opinion and views on the company have only become more bullish. Following a 15-year career on Wall Street, as financial advisor and venture capitalist (helping to take 7 co’s public), I started the VRA in 2003. Since that time we’ve beaten the markets in 15/16 years and have recommended numerous growth stocks that have produced profits of 500-1000% +. Along with the VRA Investing System (which keeps us on the right side of the markets and in the right sectors/stocks) this is where we specialize; picking winners for our clients. I’m often asked what the key is to picking growth stocks. Our approach is similar to Peter Lynch’s; we stick to what we know, we only buy co’s with an exciting/sexy product/resource and we invest in co’s that are (primarily) debt free. But the most important element we look for is “management”. There is nothing more important than a CEO/mgt team that knows what they are doing, are heavily invested in their own company, and passionately committed to the long-term success of the company. After traveling to Chicago for the IACP (Intl Association of Chiefs of Police) to meet with the Pat 1 team and see the company’s PATSCAN Multi-Censor Threat Detection Platform at work, we can confirm that we are in the right stock with the right mgt team and technologies that have the ability to transform the threat detection/security industry. And again, nothing is more important than a CEO that is the right man for the job. This describes Martin Cronin and his extraordinary management team, advisors and board. The IACP in Chicago was attended by 19,000 law enforcement professionals and highlighted Pat 1’s complete range of the PATSCAN threat detection capabilities. Over the last 2 years in my dealings with Martin, he has yet to steer me wrong. If anything, he has undersold the game-changing, revolutionary possibilities for Pat 1. Understated, dedicated and passionate about building the company into a multibillion-dollar global powerhouse...in this rapidly evolving and growing space...Martin is exactly the right person for the job. The opportunities for further/significant global partnerships, due in large part to their extremely well-connected board, senior advisors and management team has Pat 1 positioned to become a premier company in this space. But, like every growth stock I’ve ever researched and recommended, building a quality company takes time. Growth never takes place in a straight line. Trees don’t grow to the sky overnight. Patient investors that use this time to dollar cost average into Pat 1 will be well rewarded. Over my career, clients have well known the benefits of dollar-cost averaging into our top buy recommendations. My top all-time pick was Ultra Petroleum, which I recommended at .15/share and soared to $200/share within 9 years. 20,000% gains. But Ultra had its growing pains as well, trading in the .15/share to .25/share range for 2 years. Then, magic happened. The companys business plan became reality. Over those 9 years a $10,000 investment turned into $11 million. Pat 1 is light years away from where they were in late 2017, adding multiple layers of weapons/threat detection capabilities, including their latest addition that provides mobile threat detection capabilities to protect law enforcement/emergency services in the field. We saw this tech demonstration first hand in Chicago. Most impressive, with specific components that the company must also keep close to the vest (for the time being). We were not allowed to take pics or video for just this reason. From lane drift tech to ambush attack notification to CMR (Cognitive Microwave Radar) for weapons recognition/detection, it’s the VRA’s view that this addition (alone) has the potential to become a multi-billion dollar global asset. In fact, should Pat 1 wish, this addition could one day represent a stand-alone public entity. This is how Cisco explained the evolution of Pat 1’s VRS-M Software to us in Chicago; “Our top law enforcement clients came to us and said they are sick and tired of their officers being struck, injured and killed on the side of roads and could we do anything to help. We reached out to our new security tech partner, Patriot One Technologies, and got to work. Within 4 months, we had the proof of concept work completed. That’s how we work with our clients. They tell us what they need and we go to work getting it done. Pat 1’s tech and law enforcement community are a perfect fit." Globally, law enforcement and emergency services response teams are in dire need of Pat 1’s latest addition, a fact that we personally observed In Chicago. We met with a police chief at Pat 1’s booth that shared a couple of horror stories among his own staff, such as a single police officer that has been struck 7 times by vehicles drifting into her/ her vehicle while on the side of the road. 7 times! Up to 30,000 police officers and emergency services personnel are hit by vehicles annually, with more than 100 officers tragically killed in the line of duty. As it was explained to us by law enforcement personnel at the conference, when a driver sees a police vehicle on the side of the road, their vehicle tends to follow their eyes, with lane drift the end result. Pat 1’s software/AI, working with Cisco’s advanced servers, will alert the officers by sending a “beep” from the officers car, giving the officer a crucial heads up to look back and make the judgment as to their best course of action. We see this as another extraordinary opportunity for Pat 1 to do good. It was clear to us that LE fully shares in the need for this much needed, life saving tech. Pat 1 expects roll-out as early as Q4 ’19. Across each part of our daily life, Pat 1 is building the global gold standard for threat detection. In our view, the patient investor will one day…soon it our view…witness Pat 1’s tech providing a secure environment in each of the areas below. Pat 1 recently announced what we see as the most important addition to date; the acquisition of XTRACT Technologies Inc (9/19). In order for Pat 1’s Multi-Sensor Threat Detection Platform to work/communicate at the high speeds necessary, the artificial intelligence aspect is critically important. It would be impossible for Pat 1 to become the gold standard without the AI component. In our view, the markets have almost entirely overlooked the significance of this acquisition. *We recommend that investors review the updated/complete Pat 1 corporate presentation: https://mk0patriot1techaqf19.kinstacdn.com/…/Patriot-One-Co… *We also recommend a review of the company’s new web site, extremely well designed for potential resellers/partners: https://patriot1tech.com/patscan/products/ --- Among the principal reasons that we continue to expect Pat 1 to become a VRA 10 Bagger are the company’s Tier 1 mega-cap global partners. Question: how many micro cap start-ups, with market caps of less than $200 million, do you know that have partnerships with 4 Tier 1 Partners, with market caps in the $35 billion to $200 billion range? Patriot One's mega cap partners include: 1) Johnson Controls $JCI ($35 Billion), 2) Raytheon $RTN ($60 Billion), 3) $IBM ($120 Billion), and 4) Cisco $CSCO ($200 Billion). In Chicago, we had the opportunity to spend several hours with Pat 1 reps from Cisco and Johnson Controls. Again, highly impressive, each with extensive/successful track records and a passionate belief in their companies long-term partnerships with Pat 1. I rarely visit stock message boards but can tell you that the penny stock players and short sellers have an affinity for Pat 1. Having investors’ attention is a good thing, as long as you keep in mind that not all investors actually want a company’s share price to increase in value (shorts). You may have seen the “doubters” that do their best to denigrate Pat 1’s extensive partnerships with some of the worlds largest and most respected companies. We are not among that group. We (separately) asked Cisco and Johnson Controls reps the same two questions; ONE: “Is anyone else doing what Pat 1 is doing?” The answer from both was an almost identical “not even close”. TWO: “Are you in partnership with Pat 1 for the long haul”. Again, the answer from both was “absolutely”. We also asked about upcoming opportunities for expanding their partnerships. JCI’s rep made an interesting point when he reminded us that JCI acquired/operated the largest building security standard” “key card”, which anyone reading this has no doubt used to enter your place of work. JCI knows this space well. Cisco’s rep reminded us that “wireless” is their bread and butter, which will help to ensure that Pat 1’s tech will have the latest and greatest when it comes to connectivity. Combined with EXTRACT AI’s tech, we fully expect Pat 1’s platform will become the global gold standard. And, for those wondering, might a partner like JCI or Cisco or Raytheon, etc., have an interest in one day acquiring Pat 1? Yes…we asked that question of Pat 1’s mega-cap partners as well. While we will not reveal their exact reply, I will say that Pat 1…one day…could make for an interesting merger and acquisition candidate (as reported in the past, when we queried Martin about this, the answer was clear; Not for some time. We have a company to build…and not for less than $10/share+). Next up: Pat 1 has approx $46 million in cash (having successfully completed 3 share offerings from our initial buy rec) with no debt. Investors will be watching future filings for evidence of income and burn rates. Importantly, as we saw with the PATSCAN Platform sale to GABP, or Great American Ball Park in Cincinnati (first baseball team), Pat 1 took advantage of their structured relationships with resellers and master distributors to ink this deal. This will be the structure for all sales going forward, as Martin and team carefully walked us through. Pat 1’s engineers cannot be everywhere at once, but through the company’s long (and quickly expanding) list of global reseller partners, in the near future many of their more than 9000 leads will become sales. This also empowers the company and potential customers to customize their PATSCAN Platform needs. Not every company needs the full platform...Pat 1's reseller partners help to determine those exact needs as well complete the full installation (important point...Pat 1 is not the installer). And this direct quote from Martin got our attention: "In the near future investors can expect multiple/significant "flagship" sales/installations. The number of serious leads and near-term business is staggering. Our global tier 1 partnerships make this possible. We get one chance to do this right and we won't rush the process. No need to. We are in the process of moving up our full listing on Nasdaq. We are well funded and have the best teams in place in all areas. We are on our way to becoming the global gold standard as a multi-billion dollar company. Our sights are set much higher than our critics.” We also asked Martin about ongoing rumors that Pat 1 will soon provide news about potential military applications for the PATSCAN Platform. This was his reply: "I think that it would be fair to say that while our primary initial focus is on the civilian space, there will most certainly be military applications for our technologies. We are already in detailed discussions in this space (after all some of the early university research was funded by NATO). It has been in the nature of many recent overseas deployments that our military has been called upon to protect civilian populations from terrorist insurgency and there is therefore a continuum between the civilian and military sectors.” Most interesting…. As Martin has shared with us over the last 2 years, and then demonstrated consistently, he and his team are committed to building Pat 1 “the right way”. The partnerships and sales that the company has announced often take a year or more to complete. We have been impressed by their commitment to confidentiality and ensuring that some investors do not receive advance heads up in front of others, a common issue with many small cap start-ups. It remains our belief that multiple and significant transactions are in the works, following a year or more of work to complete many of these deals. These completed transactions will drive the shares higher going forward. As a reminder, should Pat 1 reach a $1 billion market cap, the shares will reach $5/share. This is our minimum target. Should magic take place, as it has with many of our previous recommendations, Pat 1 will reach $10/share+, giving the company a $2 billion + market cap . As you've heard me say often, I believe in investing in quality management teams. Nothing is more important. We're on the right horse. VRA 10 Bagger +
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