India Globalization Capital Inc (NYSEMKT: IGC) Is Today's Big Board Focus

India Globalization Capital Inc (NYSEMKT: IGC), the developer of cannabis-based therapies, is our new profile, as the company has released interesting news that the market appreciated. First of all, the NYSE accepted its plan to be in compliance with the rules of the exchange. We believe that the company is making changes in the company's operations and hired an investor relations consultant in order to be listed in the NYSE. In addition, the company recently filed applications for the approval of new patents and also obtained some cash from the sale of a participation in a hotel in Malaysia. Check out the recent spikes. We will assess later how we can explain them: IGC Weekly ChartBusiness and assetsThe business objective of the company is "treating pain, PTSD, seizures, cachexia, chronic and terminal neurological and oncological diagnoses, and other life altering conditions with phytocannabinoid-based treatments". We found the following figure on the website that summarizes the candidates and the state of the clinical trials: SourceIn this case, the most outstanding part of the business is the team that will be running the FDA trials. We highlight now the most interesting management profiles:

• Mr. Ram Mukunda (President, CEO and Director): he was founder and CEO of Startec Global Communications, a voice over Internet protocol (VOIP) operator providing services to emerging economies. The company made an IPO in 1997 on Nasdaq. In addition to this astonishing expertise, he served as Strategic Planning Advisor at a communications satellite services provider called Intelsat. Additionally, he holds a B.S. degree in Electrical Engineering, Mathematics, and Engineering from the University of Maryland. For those investors, who always look at how CEO looks like, here is his photo:

Source

• John Cherin (CFO): he used to work at Arthur Andersen and claims to have a large experience of working for several industries. He is also a CPA and a graduate of Northeastern University class.
• Claudia Grimaldi (General Manager and Director of IGC Foreign Subsidiaries): She is in charge of the staff in several countries and is also responsible for ensuring timely regulatory compliance with the SEC, FINRA, NYSE and IRS regulations among others. She holds experience of working in human resources and psychotherapy and graduated Summa Cum Laude from Javeriana University, enlisted in top five Universities in Colombia, with a Bachelor of Arts in Psychology.

Recent DevelopmentsNYSEOn April 25, 2017, the company announced that it had engaged NetworkNewsWire to build market visibility. The CEO, Ram Mukunda, stated the following about the day of the announcement:

"We have an exciting pipeline of phytocannabinoid-based treatments based on our formulation for pain. As we move toward pre clinical and clinical trials, we are working with NetworkNewsWire to make sure the investment community is aware of the opportunities created by our progress -- both from a corporate and broader medical standpoint," Source

In our opinion, the fact that the company hired this type of company is very relevant and will surely have an impact on the share price. The company will be able to communicate better, and will have more presence in the social media. More visibility may make the share price increase as liquidity will increase as well.Why did the company hire an investor relations company? In our opinion, the fact that the NYSE exchange communicated that the company's plan to be in compliance had been accepted was related to the hiring of the firm. The share price is worth less than $1, and the company may be trying to elevate its value.

"IGC announces that on April 20, 2017 it received notice from NYSE MKT LLC (“the Exchange”) that it has accepted the Company’s plan to regain compliance with the Exchange’s continued listing standards. Failure to make progress consistent with the “Plan of Compliance” or to regain compliance with the continued listing standards by the end of the applicable extension period could result in the Company’s shares being delisted from the Exchange." Source

Is there an opportunity? Well, yes. The share price is worth, right now, $0.47. NYSE normally requires that the company's share price be higher than $1, thus the company may try to elevate this price. How can the company do it? There are many ways, but we expect that the company will commence a reverse stock split that may make the share price increase its value. Shareholders will not profit from this operation. However, the company may try to increase the share price using other operations that will enhance value for the shareholders. For example, the company could buy back shares, sell assets to obtain cash, and many other techniques. We encourage you to try to be informed about them by subscribing to our news alerts at the bottom of the page. The share price may jump if the company announces one of them and informed traders will profit.On April 10, 2017. The company announced that it had filed patent applications for IGC-501 in Canada, Israel, and Europe. The press release did not have an important impact on the market, so we will not assess it here. But, you can have a look at it here if you are interested.In our opinion, the most important spike in the chart was on April 4-5, 2017. This was caused by the sale of the interest that the company had in a hotel in Malaysia. Investors celebrated the news as the company was paid in shares; 4,000,000 IGC common shares previously issued. As the total outstanding shares of the company are approximately 28 million as of today, so this is like a buyback of 15%.ConclusionIGC has a few things going for it. First of all, the company is delivering good news, such as the sale of assets that enhanced shareholder value. Additionally, we see a catalyst. The company is trying to regain compliance with NYSE standards and is trying to increase the share price. The company may announce soon how it will be done. The share price may jump, as this is exactly what the company needs. In order to profit from this news, we encourage you to subscribe to our news alerts as we may communicate it as fast as we get to know it. We will be updating our subscribers as soon as we know more. For the latest updates on IGC, sign up below!Disclosure: We have no position in IGC and have not been compensated for this article.