NEXOPTIC TECHNOLOG COM NPV (OTCMKTS:NXOPF) has had a strong 2017 overall (has been great for shareholders as the stock is up 220% for the year. In industry parlance it is a 5 bagger in price appreciation while simultaneously improving it’s volume along the way. In fact the TSV Venture Exchange recognized NexOptic was recognized as a top 50 performer.
“Our shareholders along with our diverse team of professionals made this distinction possible. We are all honoured to be recognized by the TSX Venture Exchange in this manner.” stated Paul McKenzie, CEO of NexOptic. He continued: “The many accomplishments we’ve achieved are now the strong foundation from which we intend to keep building.”
The 2017 TSX Venture 50® is a ranking of top performers on the TSX Venture Exchange. These companies have shown results in key measures of market performance. The ranking is comprised of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. On average, these companies have delivered a market cap change of 542% in 2016. The shares of these companies also enjoy a liquid market, with a total with a total of 2.4 billion shares trading over the course of 2016.
One of the possible reasons for the price movement could be that NexOptic announced that approximately 64% of outstanding warrants having been issued at three separate intervals and strike prices since February of 2015 have subsequently been exercised. Total proceeds from these exercises are $2,875,613. The Company currently has 67,353,706 shares issued and outstanding.
See NXOPF chart below showing the solid 2017 performance in price and liquidity.
NXOPF also has an option to acquire, in the aggregate, 100% of Spectrum Optix Inc., a private corporation. The Companies are, in essence, working as a single corporation at this time, with their respective CEOs sitting on each other’s boards of directors. This could also be contributing to this price movement.
Spectrum is developing technologies relating to imagery and light concentration applications. Utilizing its patent-pending Blade Optics™ technology, which contains flat lenses, the company aims to disrupt conventional lens and image capture-based systems. The company (Spectrum) is in the final stage of completing its proof of concept digital telescope prototype that will utilize its patent pending Blade Optics™ technology, other optical elements and electronic components. The prototype is intended to demonstrate the marketable features of Spectrum’s Blade Optics™ technology and its potential to serve as a platform to be used in various optical applications.
NexOptic and Spectrum believe that Blade Optics™ has the potential to breakdown many of the limitations associated with conventional, curved lens stacks, including:
Aperture size: Blade Optics™ may allow the aperture-to-depth ratio to be increased in depth-limited optical devices to permit increased resolution compared to conventional curved optical devices with similar depth.
Compactness: Decreasing the depth of the lens stack would create the possibility of more compact and practical imaging devices..
NexOptic and Spectrum’s Blade Optics™ prototype is a disruptive telescope system which contains flat lenses, a square aperture and ~1:1 lens stack depth to aperture ratio — an unprecedented form factor compared to the much longer telescope lens stacks predominantly in use today.The reduction in lens stack to aperture ratio could mean disruptive changes to multiple industries including cameras, telescopes, mobile devices, computer imaging, gaming and much more.
It’s fun to find these movers on various exchanges and trace back to the root of the story. In the case here for NexOptic Technologies ( NXOPF) they have a number of catalysts which tweaked share holders attention and got the company traction in 2017. It’s important to note that speculators, portfolio managers and long term holders are all seeking companies that have a real revenue based business in the first quarter of 2017, you see this everywhere across global exchanges. It seems the Trump trade in 2017 has spread to smaller stocks also who have a real business intact. For continuing coverage on shares of $NXOPF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!