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Raadar Inc (OTCMKTS:RDAR) Is Today's Stock Focus

Written by

Jarrod Wesson

Published on

July 5, 2017

Volume seen recently in Raadr Inc (OTCMKTS:RDAR) has been astonishing. The reasons? The company seems to have been working with attorneys in order to be in compliance with the rules of the OTC Markets. On June 23, 2017, a letter from the attorneys was put out, wherein it was stated that the company is in compliance with the regulators. In addition, the company has very recently released its quarterly and annual report. But before we assess any of the news, have a look at the volume registered, which crossed sometimes the 0.5 billion shares mark.Source Raadr - It is all about the softwareThe company is quite old. It was founded in March 29, 2006 and is based in Phoenix, AZ. Its main product is called RAADR©, which is a software that permits the monitoring of social media activity. Why do we need to do this? The software is intended for families with children, which cannot control all the time what the kids read or receive using Facebook, Twitter, or Instagram. RAADR has a list of keywords stored in a database that detect that the information received is harmless. It is a great tool to fight cyber bullying.Check the following from the ABC channel:https://youtu.be/yCT_t5FLM2gSourceThe pricing? For as little as $4.95 per month, clients can monitor 6 child profiles to monitor social media. Have a look at the services included in the pack. The information is taken from the website:

6 Child Profiles
Unlimited Main Topics
Daily/Weekly Updates
All Networks
Unlimited Emails & Text Alerts
Access to New Future Features

Is this a complete new product and under development? No it is not. The company has been commercializing the software for a long time. We could read that RAADR had obtained the following milestones in 2016:

Hence, the software has been working for a bit and the company should have stored a lot of data, which should have been used to ameliorate the service. In our opinion, if the app is still available and the company is still running it, the product should be helping people. It does not matter if the company is not profitable yet, or it is not earning a crazy amount of cash. The most important thing is having the right software and work on it for a long time. That's exactly what we could see in this company.Recent Developments The most significant development recently put out was the letter from the attorneys noting that the company was in compliance with rules of the OTC Markets exchange. The market got to know the letter on June 23, 2016. We could read it here. Before this letter was disclosed, the company announced it in a press release that the quarterly financial statements and the annual statements had been released to regain compliance:

"... announced today that all financial records have been completed, reviewed and uploaded to the OTC Markets website." Source

Additionally, in the same press release, it was noted that the engineers are preparing a new version of the software:

"The company actively is preparing for the latest version of iOS and will be assuring that the RAADR apps are updated accordingly for best use." Source

Finally, we could read that the company is open to offer licenses to other companies that may be interested in the software. New companies interested in growing the application are invited to collaborate with RAADR.What does being in compliance with the OTC rules mean? - ConclusionIt is very important for companies to be in compliance with OTC Market rules and file the due financial statements on time. Why? Many market participants may not even look at the company profile if the exchange declares that it does not respect the regulation. Now that the financial statements are out, many more investors will check the company's info. Hence, volume on the exchange may increase. Thus, the chances of having more market participants, who appreciate the company, increase, and the likelihood of having share purchases increases too. Finally, the fact that the engineers are working on another version is a great news, and new licenses with other companies may bring new revenues. To sum up, stay alert since new announcements may make the share price increase.We will be updating our subscribers as soon as we know more. For the latest updates on RDAR, sign up below!Image courtesy of FlickrDisclosure: We have no position in RDAR and have not been compensated for this article.