- share reduction from 750 million to 250 million NVOS
- marketcap of just $2.4 million
- the Dec 29 shareholder letter
- 3 year saga of datatecnics merger nearing closer
- disruptive technology…pipeline nanosensors!
- hiring of Baker Hostetler
Investors in $EGYF aka Energy Finders, Inc. are enjoying the recent interest and price “jolt” into their stock. Since the low $0.0104 on December 28-29, 2017, the share price has risen nearly 400%. The sudden spike was fueled by company president and CEO’s (Mohammed Zulfiquar) close of Q4 Shareholder letter (http://docdro.id/rJU6eRe) which discusses the consistent effort to prepare EGYF as a suitable shell for Datatecnics.
.
Datatecnics (http://datatecnics.com) has been trying ever since December of 2014 to qualify EQYF as a possible reverse merger candidate. Since then, legal audits have been ongoing, along with liabilities due diligence to make sure everything is “squeaky clean”. The team anticipates the closure of the audit by March 2018 (Q1).
.
Why is the process so pain-stakingly grueling? Well, EGYF has a 35 year history, in which it has had multiple directors as far as China and has changed ownership, capital structure, business operations and physical locations. All of this has needed to be taken into consideration before the completion.
.
Baker Hostetler, a large lawfirm with clients such as IBM, Bayer, Ford, Exxon and more were hired to aid in the completion of the merger.
.
The CEO was pleased to conclude his message, by stating he intends to further invest both resources and funds into the growth of EGYF with hopes of transforming it into a global, disruptive technology business.
.
What is Disruptive Technology?
.
By definition, disruptive technology is any new technology that immediately displaces an existing technology. For instance, “mobile phones” were a disruptive technology as they transformed the way we communicate from landline to wireless. Other disruptive technologies were the internet, the cloud, and social media to name a few.
.
CEO, Muhammed Zulfiquar has patents (SEE HERE) https://patents.google.com/?assignee=Mohammed+zulfiquar on what looks like to be a disruptive technology in the Pipeline Sensor industry where they could quickly become the only game in town or new standard in that space.
.
Basically, the technology is this. Today, especially with the growing, even endless environmental concerns, a business who uses pipelines only has predictive software using algorithms that will indicate weak areas of the line and may leak. EGYF patented tech will allow real time monitoring down to the square inch via “nanosensors” aiding in the avoidance of an environmental nightmare and large business losses.
.
Investment Summary
.
This summer the company rose to $0.08 level with no news and on anticipation of further company developments after its July 2017 shareholder. I do not expect the company to be putting out press, but I do feel plenty will be going on behind the scenes from now through March of this year. The company has a very low marketcap for the technology they have (just $2.4 mil as of the last trading day’s close), a decrease of authorized shares from 750 to 250 mil, giving shareholder a sense of less possible future dilution and an optimistic CEO that is investing in the company pushing for the merger to be complete. Did a series A investment of $10 million in financing to get the company started ever get complete? Looking at the Datatecnics website makes it look like a mutimillion dollar company for sure. It is very difficult to put an evaluation on the company or the technology, (see Datatecnics Financials Here) but if there is any world news of a pipeline leak anywhere, this will be target #1 as a momentum play. Even if there is not a leak, any wind of company news could send it rising.
———–
.
Disclosure: PSInvestor.com does not hold a position in the above mentioned company at this time, nor has it been compensated for the above mentioned article. To read our full disclaimer, please read here.