Readers attending microeconomic theory must be aware that increases in demand are usually followed by increases in prices. Using this rationale, many market participants would also accept that increases in volume at crucial support levels tend to be followed by increases in share prices.
If you appreciate these thoughts, you will surely like our following stock chart and our next story. Check the following image and form your opinion before we provide more details:
Five years chart for DRWN
The stock chart is of A Clean Slate Inc Common Stock (OTCMKTS:DRWN), an emergency and non-emergency medical services transportation company, which has recently surprised everybody in the market by moving 52-week highs in volume.
For what reasons?
According to a recent document, to which we had access in January 2017, the company released that it was developing a subscription-based blockchain technology service platform called QuantH. In our opinion, with the incredible growth pace that the Blockchain technology is exhibiting nowadays, market participants did not seem to doubt even once, and many appeared to push the buy button to acquire DRWN shares.
It is our thesis and also the belief of many other market participants that we questioned this week.
Company Overview
The entity was formed in 1993 and is headquartered in Sugar Land, Texas. It has one subsidiary, United Ambulance, LLC, which is focused on providing emergency and non-emergency medical services transportation services. It is an exciting activity, but we will assess the business model that seems to be creating stock volume in the market; the new blockchain technology service platform.
QuantH
QuantH is the new software that the company is developing. It is said to be leading the path towards Blockchain-based medical records to secure storage and sharing the implementation of a patient-controlled, blockchain-based system for clinical record maintenance and sharing.
Honestly, we believe that if any company is well prepared to develop a blockchain for storing medical records, secure storage is an entity like DRWN with years of expertise in holding medical records. In our opinion, the know-how accumulated by DRWN in the healthcare industry will help programmers create a software that will be suited for doctors, nurses, and other healthcare professionals. It is the competitive advantage of the company.
Are you a bit lost with the Blockchain technology? Read carefully.
The most significant of this new technology is that data cannot be deleted, as it is stored in an indestructible transaction ledger that anyone can read. Also, the information is quite robust against external attacks, as the blockchains are organized in a decentralized network of computing nodes. Finally, not at all less important, the information is always encrypted so that obtaining the information is almost impossible.
What are the solutions that DRWN will provide to blockchain users?
The platform was described as a healthcare data exchange. This means that prescriptions will be written electronically by doctors and professionals from the pharmacy will be able to write in the same QuantH blockchain thanks to the new technology. As a result, healthcare providers will be able to check patients’ current medications in quick view only by assessing their blockchain medical record.
But, that's not all.
The applications that will be derived from the new software will be multifarious. First of all, the clinical data could be shared and studied by academic professionals, so that genetic studies, imaging studies, and pathology reports could be easily created. For those who are concerned about who reads what in their healthcare sector, the new technology will also help patients see their healthcare record.
Furthermore, researchers will have much more information to assess, and clinical trials could increase worldwide. The new software could also help insurance companies study each patient as well as evaluate a more significant amount of information. It will help the companies offer more competitive insurance plans to clients, and the claims processing workflows could also diminish.
What's our take?
We believe that the most interesting is that the patients will be the owners of their information. Think about it. Right now, not only our doctor can access our health record. The secretary, the IT professionals, and other stakeholders can now revise our private information. With this new technology, this problem, which seems to bother nobody, will be over.
What now?
On January 25, 2018, the company announced that it is retaining technical advisors to fully develop the new solution. Additionally, it mentioned that it would launch its Initial Currency Offering (ICO) via the Ambisafe platform. We will need to be very alert regarding the next announcements.
Regarding the offer and demand of the stock, we believe that if the market for the stock continues to increase, the share price could soon break out. We cannot say when, but microeconomic theory means that it should do.
Conclusion
Currently trading with a market cap of $2.3 million, DRWN is an exciting story among small caps. Regarding the financial shape, the company has shown a massive increase in the revenue line in the last annual report. From $0.07 million made in 2010, the revenue increased to $1.3 million, which represents an impressive growth. Also, the net income also increased. From loosing $0.057 million in 2010, the net income reported in 2017 was equal to $0.2 million.
To sum up, the company seems not only running a transformation in the operating activities, but it is also obtaining better financial returns in the most recent annual report. It is a name to be monitored closely!
We will be updating our subscribers as soon as we know more. For the latest updates on DRWN, sign up below!
Disclosure: We have no position in DRWN and have not been compensated for this article.Image courtesy of BTC Keychain via Flickr
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