PTOP

Mobicard Inc (OTCMKTS:PTOP) Volatile After New Coin Announcement

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Mobicard Inc (OTCMKTS:PTOP) is what we might call an “out of the blue” big mover on the OTC. These are usually ones to be careful of. Many are highly suspect. But occasionally, the story is roughly what it seems on its face. The story is usually a play on a currently red-hot theme for OTC stocks. That is the case here as well, as this company is claiming to be a legitimate cryptocurrency play. With no prior press releases in years, it is a bit suspect to see this story emerge right when the bitcoin space has just seen its biggest 3 days ever.

That said, innocent until proven guilty. And, in fact, there are some interesting dynamics in this story. The company just announced the release of MobiCoin, a new cryptocurrency that has commenced trading on the (DEX), a decentralized exchange that is a marketplace for cryptocurrencies and blockchain investments that is totally open sourced. According to the release, “the Company has capped MobiCoin’s total supply at 100,000,000 and plans to reserve 50,000,000 for individual paying subscribers in which users are incentivized and rewarded with a MobiCoin every time their MobiCard is shared and viewed by a unique mobile number.”

Mobicard Inc (OTCMKTS:PTOP) promulgates itself as a technology-based mobile solutions provider serving business professionals with its proprietary SaaS mobile business card platform, branded C2A Mobicard.

The platform is a cloud-based solution that combines the power of social media sharing with text/SMS and e-mail marketing for business professionals and enterprises. A subscriber can custom create their business card to include a company logo, profile photo, contact details, website, audio messaging, social media links and multi-media content.

The platform sharing and alert system enable users to share their card via text/SMS, e-mail, and global social media sites including Facebook, Twitter, LinkedIn, Google+ and Pinterest. The system provides the user instant text alerts when their card is opened or shared to third-party referrals all while building an invaluable database of contact leads.

According to the release, “MobiCard Inc. fka Peer to Peer Network owns and markets its core technology, a SaaS mobile solution branded C2A MobiCard, a scalable mobile business card software platform that enables users to create a customized web-based personalized mobile app that is shareable by text SMS, email, digital and social media. Subscribers are able to track card opens, views and shares, all while validating and analyzing new leads and referrals in real time, thereby knowing who and when to follow up with.”

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The stock broke out on Wednesday in a big way, and time will have to tell where this one is concerned. It could be something real that can last and grow, or it could be a well-timed idea that was spurred simply by the hyper-prevalent focus on cryptos right now. We just wanted to make sure we got this one your radar as we follow the story.

According to the release, “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. When maximum issuance is attained, the Company will have reached 50,000,000 potential new subscribers all while capturing invaluable lead data to further advance its marketing efforts to drive subscriptions and profits. The Company believes that a conservative projection of new subscriptions at a ratio of .004 (1 of every 250 reached) which equates to 200,000 new MobiCard subscribers. Based on these calculations and monthly subscription rate of $7.99 per month, could thereby generate approximately $19 Mil in annual revenues. The Company is also strategizing how to best allot its remaining supply of 50,000,000 MobiCoins that may include and is not limited to building a use case, awarding MobiCoins to enterprise business accounts for their acceptance of MobiCoin for payment of goods and services. The Company will also seek PR and marketing companies that will accept MobiCoins for services.”

At this time, carrying a capital value in the market of $2M, PTOP has virtually no cash on the books, which stands against virtually no total current liabilities. PTOP is pre-revenue, except for some immaterial table scraps. That said, you can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $PTOP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $PTOP, either long or short, and we have not been compensated for this article.