Saddle Ranch Media Inc (OTCMKTS:SRMX) Is A Penny Stock Runner

Today, we are profiling Saddle Ranch Media Inc. (OTCMKTS:SRMX), an Internet of Things (IoT) technology company and a subsidiary of SkyFidelity, Inc. This company has recently entered into a product development deal with AT&T to develop the first of its kind IoT SIM card, to which the market reacted incredibly. From $0.002, the share price was pushed up to cross four-month highs of $0.007.The market move represents astonishing market returns, but the most interesting is not the price, but the volume. More than 200 million shares changed hands some days. In our opinion, it shows that the expectations of the market increased quite a bit after the deal with AT&T.Before we provide more details, please check the following stock chart:

2 months chart for SRMXThe companyThe company was founded in 1988 and is headquartered in Newport Beach, California. After a change in control effective February 28, 2017, and the acquisition of SkyFidelity, Inc., SRMX has transformed the company and is now running four operating divisions from the United States and Taiwan: Cloud Managed Services (IoT), Solar Power Solutions, Satellite Broadband, and WiFi Camera Security Surveillance. Image from the website - Saddle Ranch Media Inc OTCMKTS:SRMXAdditionally, the most interesting part of this business is TriCascade, Inc. This subsidiary, which was founded in 2010, develops Internet of Things convergent technologies and products to reduce energy costs and empower the end user smarter and safer living. Furthermore, it also focuses on bringing leading edge Wi-Fi and machine-to-machine wireless innovations for smart energy management to both residential and commercial markets.What are the company's products?The most well-known product is i-BRIGHT™7x Smart Surge Protector; a Wi-Fi-enabled home energy management tool embedded with online scheduling and power consumption metering on the Microsoft® Cloud. We reviewed the company materials and found the following description. Please, be sure to note that the company is expecting an increase in sales, which could push up the share price as well:" i-BRIGHT7x allows consumers to more closely monitor and manage their energy usage while eliminating standby (phantom) power consumption when not using a device. The Company expects seeing an upsurge in sales of this product as consumers become aware that technology exists that will greatly lower their energy costs as well as decrease harmful carbon dioxide (CO2) emissions." SourceThat's not all. Product users can learn from how their behaviors impact their energy costs and affect the environment through the use of Tri Cascade iBRIGHT7x Smart Surge Protector. By tracking benchmark reports, clients can learn about changes that are needed to be made in order to reduce costs and better predict energy needs based on their schedule patterns.We could find several versions in Amazon. Check the following image: Wi-Fi-enabled i-BRIGHT7x - Saddle Ranch Media Inc OTCMKTS:SRMXAdditionally, Tri Cascade, Inc. has also designed a 4G/LTE Gateway Hub that helps clients access the internet directly from a SIM-based 4G/LTE Super Router called the SkiQ. The innovation seems to serve to reduce the internet costs drastically:

"By taking advantage of the ability to connect simultaneously from both a fiber/cable internet connection as well as 4G/LTE, the Gateway Hub will replace the need for satellite internet (HughesNet), Cable Internet (COX, Time Warner, Comcast) and ADSL Internet at a fraction of the cost, while supporting future expansion of 5G networks." Source

Recent DevelopmentsMarket participants may only check the last news released in 2018, but the fact is that the company released a large number of innovations in November, December, and January. We are reviewing the most significant now.On November 2, 2017, TriCascade, Inc. introduced its IoT Smart Home Eco-System at the Consumer Electronics Show in Las Vegas, Nevada. From January 7-10, 2018, the company's Machine Learning Systems (Artificial Intelligence), as well as the following devices, were presented:

"-The SKiQ: The world’s first completely portable “Super Router” connecting homes, offices, boats, RVs and other locations with 4G/5G/LTE broadband connections using proprietary SIM-based technologies.-The SmartOutlet: The world’s first Wi-Fi enabled electrical wall outlet that will provide WiFi extension throughout the home and providing web app based controls from your electrical appliances and devices collecting energy data that will be stored in the Cloud.-The ThermoRing-Smart Thermostat: The first IoT Smart Thermostat that operates via WiFi controlling your HVAC systems from your IPhone or other portable device.-The Smart Light Switch/Dimmer: The first voice activated Smart Light Switch/Dimmer System that allows you to turn lights on and off utilizing voice commands." Source

That's not all. On November 9, 2017, a new innovation was introduced; the Smart Wall Plug-in Internet of Things (IoT) device. It brings patented technology providing overload protection for mobile phones. In addition, it incorporates childproof safety outlet protection, WIFI extender/router functions, and energy management metering in the cloud.On December 5, 2017, it also released the Smart Thermostat device, which will allow consumers to use voice-activated commands to control residential temperatures. Please note the words of Max Li, President of TriCascade, Inc:

“Leveraging upon our voice activated software technologies already included in the Smart Wall Plug and other devices, the THERMORING will provide consumers with an improved thermostat technology that provides for mobile app and voice controls. Google’s purchase of NEST for $3.2 Billion demonstrates the high price being paid for consumer thermostat technologies." Source

What made the market move the share price?The news, which arrived on January 17, 2018, was, in our opinion, responsible for the share price spike. We were expecting a market move in this direction, as the company had been for a while making the right steps. It was released that TriCascade had entered into a "product development deal with AT&T to develop the first of its kind IoT SIM card that will be used in the TriCascade’s 4G/LTE Gateway Hub known as the SkiQ Super Router."Additionally, it was noted that TriCascade will receive 1,000 IoT SIM modules from Westron NeWeb Corporation in January 2018 and will use these modules in the development of the first 1,000 SKiQ Routers. The technology of Westron will provide the company the foundational technology for its SKiQ Super Router device. In addition, the collaboration with Westron was said to position the company in a good place to support AT&T’s 4G/5G LTE ecosystem deployments.ConclusionCurrently trading with a market cap of $2.2 million, SRMX is an interesting story among small caps. With $4,124,828 in total assets, including a goodwill of $3,600,535, and $1,845,926 in total liabilities, the net asset per share is positive. As of December 31, 2017, it reported $14,274 in sales; an increase of 203% over the previous year. We said back in November that a price surge was imminent for SRMX. Congrats to all who got in on the back of our coverage. For more top picks like SRMX and ahead of the crowd plays, sign up below!Disclosure: We have no position in SRMX and have not been compensated for this article.Image courtesy of Charlie Llewellin via Flickr