GLANCE TECHNOLOGIE (OTCMKTS:GLNNF) has been a real bullish pick for us this Fall. When the stock pulled back to the $0.50 area in October, we called it a Buy the Dip special and suggested investors and traders keep it firmly front and center as a key potential opportunity. Since then, we have seen an incredible run, with GLNNF shares launching as much as 135% higher in a straight line. To start this week, the company just announced the release of a new version of the Glance Pay app (already available for iOS, coming soon for Android) which provides expanded promotional and deal features, enhanced event functionality, and new user-initiated payment capabilities.  The critical question is; can the run last?

According to the release, “the enhanced promotional functionality allows customers to redeem offers and discounts set by the retailer via a digital deals found directly on the Glance Pay app, reducing the need for costly traditional paper deals, coupons, and expired email offers, while at the same time offering flexibility and creativity for deals that are not feasible via traditional methods.”

GLANCE TECHNOLOGIE COM NPV (OTCMKTS:GLNNF) bills itself as a company that owns and operates Glance Pay, a streamlined payment system that allows customers to pay their restaurant bill instantly with their mobile device and that combines in-app messaging with social media marketing.

Glance Pay revolutionizes how smartphone users choose where to dine, settle their restaurant bills, access their payment records and interact with their favorite restaurants.

Glance Pay intends to become the industry standard as one of the four pillars in restaurant payments, besides credit cards, debit cards, and cash. Glance is building a valuable network of restaurants and consumers and offers targeted in-app marketing, customer feedback, in restaurant messaging, custom rewards programs, search engine optimization and social media promotions and management for restaurants.

According to company materials, “Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers and offers targeted in-app marketing, social media marketing, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, a merchant manager apps, large-scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.”

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As discussed above, the company just announced the release of a new version of its core tech: the Glance Pay app, which as we noted is already available for iOS and is apparently coming soon for Android, according to the company. The app, as we understand it, apparently provides “expanded promotional and deal features, enhanced event functionality, and new user-initiated payment capabilities.”

Management has pointed us to an interested resource to better get a sense of the point here: “According to a report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in total payments through Alibaba’s Alipay service last year, up from only $70 billion in 2012; Tencent’s WeChat users sent about $1.2 trillion in 2016, up from $11.6 billion in 2012.”

“We view this release as a significant upgrade of our technology and we are excited to share it with consumers,” says Glance CEO Desmond Griffin. “As we continue to innovate and improve our technology, we believe our offering becomes increasingly compelling to consumers and merchants.”

Traders will note approaching 130% piled on for shareholders of the stock during the trailing month, but this action is running counter to the larger trend in the name. The situation may be worth watching. GLNNF has a history of dramatic rallies. What’s more, the company has benefitted from a jump in recent trading volume to the tune of 80% over the long run average.

Earning a current market cap value of $123.5M, GLNNF has nearly $800K in cash on the books, which compares with about $162k in total current liabilities. The company has pulled in just shy of $100K in total trailing twelve-month sales, with sharp topline growth in the works as well. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $GLNNF 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 $GLNNF, either long or short, and we have not been compensated for this article.