VISM is the talk of the OTC Markets after rising from triple zeroes to double zeroes in a few days. Those that got in early have banked 1000% gains.
This multi-day runner finally saw some selling pressure on Monday and was able to close the day higher by only 14%. Many are now asking if the run is over or are there more gains to be had? In this article, we at Insider Financial take a close look at VISM and seek answers to our subscriber’s questions.
First up, here’s a little background info for those not familiar with VISM. Visium Technologies is a Florida corporation based in Fairfax, Virginia, focused on global cybersecurity clarity, machine learning, advancing technology, and automating services to support enterprises in protecting their most valuable assets – their data, business applications, and IoT on their networks and in the cloud.
The news that got VISM moving was the announcement that VISM successfully developed their cloud platform to deliver CyGraph via Amazon Web Services. With CyGraph®, network operators are able to have real-time visibility of their security posture and quickly and easily identify potential threats to their assets.
Earlier this year Visium Technologies initiated a corporate strategy to migrate its core CyGraph platform from strictly on-premises deployments to include an AWS cloud Software as a Service solution (SaaS).
VISM has partnered with Logicworks, an experienced cloud migration partner and an AWS Network Premiere Consulting Partner. Logicworks is an AWS Expert MSP that is annually certified for HIPAA, HITRUST, PCI-DSS, ISO 27001, SOC1, and SOC2.
The first step of the migration process was understanding Visium’s existing infrastructure and the CyGraph application. The platform was migrated to incorporate a multi-tenancy model to ensure secure client segmentation. The engineering team had multiple discovery calls with Logicworks’ engineers, which resulted in a comprehensive Architecture to represent Visium’s target AWS environment, which included AWS best practices for management, security, performance, and cost. The strategy allows Visium to have best-practice security and ease of management for the infrastructure and client-facing.
MITRE-developed Cygraph® is military-grade cybersecurity analytics and visualization platform that, through partnership and continued development by Visium, delivers:
- A visualized predictive model of possible threats and attacks.
- A graph knowledge database that provides a human-readable visualization of threats, attacks, and correlated network events.
- The capability to greatly reduce threat analysis efforts within enterprise security operation centers, providing visualized situational awareness, root cause analysis, and assuring business operations are stable and secure.
No More Toxic Debt
The Cygraph news alerted us that something big was about to happen. Two days later, we got the news that the company had paid off its toxic debt. When it comes to penny stocks, this is huge news as dilution is the biggest killer in penny land. It’s the dilution from toxic debt that creates bagholders.
VISM repaid and satisfied in full the remaining $77,000 that had been owed to two noteholders pursuant to variable-rate toxic convertible notes which were initially issued in January 2019. Such notes are being paid off using the proceeds from the issuance of two unsecured promissory notes totaling $150,000. The new promissory notes have a one-year term and bear interest at 8%. As part of the purchase and sale of such promissory notes, the Company issued 90,000,000 restricted shares of its common stock to the purchasers, but such notes are not convertible, making these new notes more favorable to the Company as there will be no future dilution resulting from variable-rate conversion terms.
VISM Bottom Line
Currently trading with a market cap of $9.3 million, VISM is an exciting story among microcaps. With CEO Mark Lucky loading up and purchasing 230,000,000 shares, we believe VISM has all the makings of being a top run runner on the OTC Markets in 2020. With just two months left in the trading year, we see a close over a penny coming.
For those that missed the initial breakout, remember, OTC stocks explode and then retrace. They build a base before exploding higher again. Watch for this pattern in VISM. This is what we at Insider Financial will be looking for as well for our subscribers.
As always, good luck to all (except the shorts)!
WHEN INSIDER FINANCIAL HAS A STOCK TIP, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!
Disclosure: We have no position in OTCMKTS:VISM or any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.