Today, we need to talk about Mobicard Inc (OTCMKTS:PTOP), a Peer to Peer Network company that has excited the market by releasing a new cryptocurrency called MobiCoin.
Trading volumes as well as share price volatility were low until the end of November 2017.
Most days the amount of shares that changed hands did not reach even a hundred million.
Have a look:
Everything in the exchange seemed to change after it was released that PTOP would enter the cryptocurrency sector.
In our opinion, the change in the market conditions makes a lot of sense. We have covered many of the new coins, which have recently appeared, and some of the companies operating in this sector. The increase in the demand for new cryptocurrencies has made these companies deliver astonishing returns to the shareholders.
We believe that the market is expecting the same to happen to PTOP. From trading close to $0.0007 in the beginning of November 2017, the share price was pushed up to hit the $0.01 share price level.
But, there is more.
The interest of market participants in PTOP seems to have increased quite a bit, which is evident from the increase in the trading volume seen recently. 400 million shares changed hands on November 29, 2017 and more than 150 million shares changed hands in each of the following two days.
Check the following stock chart:
MobiCard Inc. is focused on providing mobile solutions to the business professionals with its proprietary SaaS mobile business card platform, branded C2A Mobicard. Additionally, the company provides social media sharing with text/SMS and e-mail marketing for business professionals and enterprises.
The most interesting seems to be that users can share their card via text/SMS, e-mail, and global social media sites including Facebook, Twitter, LinkedIN, Google+, and Pinterest. In addition, instant text alerts are provided by the system when cards are opened or shared to third party referrals, which also helps create an “invaluable database of contact leads.”
We believe that this business model will help the company develop its new cryptocurrency business model. There are many similarities between the two sectors, in which the company operates. Operating synergies can be expected.
Recent Developments – The CEO seemed to be the key executive
The most remarkable announcements received by the market in 2017 are the following ones.
On January 11, 2017, the company elected James A. Bento as a new CEO. We appreciate this new business profile. He is an entrepreneur starting his career as an assistant controller in the garment industry in Boston. He has also been CFO of Kloss Video Corporation of Cambridge, MA, which he took public through an Initial Public Offering. Flexwatt Corporation and DSL.net Inc. have also celebrated IPOs thanks to his dedicated work.
He seems to bring quite a bit of expertise in finance, which we appreciate, as he will know how to deliver value to shareholders. Read some of his previous positions:
- CFO of Trumpf, Inc., the third largest German machine-tool builder in the world.
- Research & Development in the Mergers & Acquisitions group at Pfizer Inc.
- COO of Boston BioCom, Inc.
- CEO of Ikonisys, Inc.
- CEO of Movia Robotics
- CEO of the CRO, Inc.
On November 29, 2017, MobiCard Inc. released that the company had released its new cryptocurrency; MobiCoin. The good news was that the new coin has commenced trading on the DEX, which seems to be a well known decentralized exchange.
We appreciate that other third parties are trusting the new coin. It shows that the company has sufficient know-how for this new venture.
What are the new specifications of MobiCoin?
MobiCoin’s total supply is 100,000,000 and the company plans to save 50,000,000 for individuals as paying subscribers. The initial business idea is to pay users for sharing and viewing other user’s MobiCard.
But, this is not the most significant. We believe that the most interesting was the way the company will help create new leads. Read the following text:
“Users are able to share their MobiCard to their existing contacts and future connections by text message, email, digitally and on various social media platforms thereby enabling paying members to quickly begin earning hundreds if not thousands of MobiCoins that trade at a current price of $.13.” Source
What are the projections for the new business?
The company is expecting new subscriptions at a ratio of .004 (1 of every 250 reached), which is equal to 200,000 new MobiCard subscribers. Taking into account that the company is planning to charge a monthly subscription rate of $7.99 per month, this business could generate close to $19 million a year.
For those interested in how the company will build the new brand, PR and marketing companies will be hired. The company plans to pay with MobiCoins for the services.
Currently trading with a market cap of $2.2 million, PTOP is an exciting story among small caps. With 225,722,836 total outstanding shares and a float of only 58,414,309 shares, we believe that the stock is also a low float runner. The readers who enjoy volatility plays have a new profile to trade.
We will be updating our subscribers as soon as we know more. For the latest updates on PTOP, sign up below!
Image courtesy of BTC Keychain via Flickr
Disclosure: We have no position in PTOP and have not been compensated for this article.