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COM GUARD COM INC (OTCMKTS:CGUD) Is Focusing Their Glare On SolarCoin

COM GUARD COM INC (OTCMKTS:CGUD) Is Focusing Their Glare On SolarCoin
Written by
Jim Bloom
Published on
December 27, 2017
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The share price of COM GUARD COM INC (OTCMKTS:CGUD) has been marred by significant volatility over the past three months.Seemingly, the company’s shareholders begun trading aggressively on the OTC markets back in October when the traded volumes rose to the millions and haven’t stopped since. The company’s share price then rose from lows of $.0004 earlier this year to highs of $.008, a twenty-fold jump which symbolized quite the increase in valuation from the market.Take a look at the price action in the chart below: CGUD Daily ChartThe prevailing upward trend, however, has had its significant ups and downs with two price surges experienced: one in November and another this week. The former led the price to increase to $.006, a move which was welcomed with jubilation but followed by a correction. Therefore, the question as to whether this current price surge will follow the same trajectory lingers in most investors’ minds.As such, we opted to take a closer look at CGUD and establish whether the above premise holds. Over the course of this piece, answers as to our expectation of the company will be given and elaborated.The History of CGUDCom-Guard.com was incorporated in Nevada back in 1998. Back then, they had been doing consulting, strategic development and restructuring for about three years. However, they realized that a strategic drift was looming and decided to ride along.As such, they applied for a developer license for the Apple mobile developer platform: iPhones and iPads. Furthermore, they also did the same with Google.With the rising number of purchases of these products by customers as well as the increased number of application installations, the company was in the money soon after this. Their product portfolio was quite wide ranging from security, tracking and gaming applications.Since then, the company has been working hard to ensure that they are always on top of their game in these specific fields. As such, their developments have been top-notch throughout this period and their management does not expect this to slow down. Currently, they have decided to focus their energies on the Internet of Things (IoT) as well as Tracking applications with a view of ensuring they are part of the ever-growing industries.The Growing PartnershipsTwo months ago, CGUD made an announcement that they were to venture into a partnership with Secure Roofing and Solar Inc (SIRC).The partnership would see CGUD venture deeper into the Internet of Things segment while also serving as an eye-opener for SIRC on the vast client base they can tap into upon venturing into the security and home appliances segment. Currently, SIRC has been working only within the solar and roofing market which, despite serving them well, would be limiting for them going forward unless they venture into other sectors.This is to be a sales and technology partnership whereby the two companies will work towards growing the sales of CGUD and the technology base of SIRC. SIRC will be banking on their former clients to ensure the installation of the security systems developed by CGUD in their homes. These systems will enable the clients view and assess their homes and appliances from their mobile devices.Furthermore, they are going to work with Twilio, a company whose success is spoken of by Uber and Airbnb, in developing a set of products that can detect and report events. With these up and running, CGUD expects success and growth to be looming for them.Entry into BlockchainThe more recent announcement is that they will be venturing into the blockchain space.The company, through its Raspberry Pi platform, will be working at building a blockchain network with their incline being towards the solar industry. Through this platform, solar installations around the globe will be logged into one main blockchain system and so will transactions that pertain the same. This platform will be sold to players within the sector as well as used to educate new entrants into it courtesy of the benefits that are expected to arise from it.In line with the same, they have developed SolarCoin which will serve as their reward mechanism. Through this entire platform, they expect to integrate the solar industry under one umbrella and enhance innovation and transparency on the same.FinancialsThe company made revenues of $9,000 in the third quarter of this year, a figure similar to the revenues made last quarter. This was minimal compared to the high operating expenses and interest expenses of $88,000 and $123,000 respectively that led the company to losses of about $202,000. The situation is further exacerbated by their negative working capital position of over $13.4 million, a significant portion of which is covered by short-term debt.As such, it will be important, going forward, for CGUD to better manage their financial position. The short-term debt especially may be quite detrimental to them.ConclusionCGUD has made long strides since incorporation and benefited from them. With this stride, many expect a lot more from them. We expect the best to arise from it.We will be updating our subscribers as soon as we know more. For the latest updates on CGUD, sign up below!Disclosure: We have no position in CGUD and have not been compensated for this article.

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