2020-05-28 ————————————————————————————————————————— Special Situation
Good Morning,
The World Has Changed for Awhile
I'm sharing a unique stock idea here outside of our core mining focus, which is very rare. I'm doing so because premium members have made huge gains quickly in the Covid sector via 2 special situations that I've officially recommended. The first one will remain premium/elite exclusive, but the stock nearly quadrupled from the recommended price in mid March within 3 weeks! It's still up 3X and we took off 1/3 at just under a triple to remove all principal risk and now hold 2/3 for free.
I believe the second stock, now called Blockchain Holdings (BCX/UTOLF), is just getting started! I happened to have owned a very large position in this company personally since early last spring for exposure to the blockchain/technology assets they hold. By Q4 last year, I was down over 60% on paper when it went under .20 CDN! But I knew the backers were very smart, and that they had an asset on the books (still do-which I will touch on later) that I felt was worth at least .60 per share, so I bought more.
I finally told our Elite members to start taking a position in January at .20 CDN. On February 14th, the stock was halted at .30 and would not trade again for 5 weeks, pending a transaction. The stock was halted to close a deal that ended up falling apart. But, the situation unfolded in such a lucky way for BCX, it's actually almost miraculous the way it happened! They then fell into an incredible position to acquire a company called TraceSafe, which was (the binding deal is now closed as of May 13th-so it is wholly owned by BCX now) a division of Wisilica Corp.
Quarantine Tracking
Wisilica is a pioneer in IoT (Internet of Things) applications, was founded in 2013, and is a VC backed company. The TraceSafe division focuses on contact tracing and has a very mature technology that is already in the market.
Historically it has been used to track newborns and senior citizens with wireless tech wristbands. Then, they got a call from the Hong Kong government when covid broke out to help them develop a solution for quarantine tracking, particularly for people entering the country.
They instituted a 14 day mandatory quarantine, which is still in effect now. However, TraceSafe is far from big brother as the devices self destruct after 3-4 weeks, versus tracking on our phones. People were manipulating the phone connections by leaving them at home then sneaking out, hence the need for a device that is on the person, but non intrusive. Hong Kong tried several iterations of this process and various devices, but have ordered 3 times now from Tracesafe. This has been picked up broadly in the media: https://www.cnbc.com/2020/03/18/hong-kong-uses-electronic-wristbands-to- enforce-coronavirus-quarantine.html
The New York Times and dozens of other outlets have covered this as well. The opportunity just for government quarantine management alone is massive for Tracesafe. However, their story is evolving extremely fast into multiple new huge market applications (more below). The parent company Wisilica's core product mix and plans didn't mesh with this business, but the build up of demand created a problem, when Blockchain Holdings swooped in to fund new inventory and acquire the company.
Contact Tracing
Now, interest and orders are taking off! But very recently the company planted seeds of what is to come, and I highlight in bold/underline the key words/ sentences in their May 19th press release below. PAY ATTENTION to these details, because this is a micro cap company that could be about to help take parts of the world safely back to work! Remember, this technology, including both the hardware and software, are mature and fully developed. They have a huge advantage and lead to capture massive business NOW.
It's a short press release but there is a lot said in it, so take a moment to learn more, then I will wrap up this email after this section.....
TRACESAFE SECURES ADDITIONAL ORDERS OF ITS CONTACT TRACING AND SELF-QUARANTINE MONITORING TECHNOLOGY Blockchain Holdings Ltd.'s wholly owned subsidiary, Tracesafe Technologies Inc., has secured additional orders of its contact tracing and self-quarantine monitoring technology with the Hong Kong Office of Government Chief Information Officer (OGCIO). Tracesafe's health and safety wearables are designed to be deployed in virtually any setting in which crowd monitoring is necessary by providing real-time contact tracing for corporations, businesses, educational institutions, sports leagues and concert venues around the world as countries loosen lock-down restrictions and restart their economies and societies. TRACEsafe's technology can contribute to a safer return to work for businesses and employees. The technology can also be deployed by governments around the world to support their self-quarantine programs. TRACEsafe disposable bracelets have been in use in Hong Kong since the end of March to assist the OGCIO manage and enforce its quarantine program for foreign visitors and returning citizens. The Hong Kong OGCIO has been issuing TRACEsafe bracelets at a rate of hundreds to thousands per day since they began deploying the technology. TRACEsafe's innovative suite of wearable health and safety products include a bracelet with integrated bluetooth beacon and related software to track the wearer's location. It was developed and deployed for maternity wards and senior citizen's housing but has been transformed to help manage the COVID-19 pandemic. Despite the development of an effective treatment or vaccine, it is expected that ongoing COVID-19 contact tracing and quarantine could be required for at least the next 12-24 months, and possibly longer if the virus proves to be seasonal. "We are pleased at the ongoing adoption of TRACEsafe's technology in Hong Kong and their most recent volume shipments are a testament to its success. We are very happy to continue working hand in hand with Hong Kong authorities to thwart the spread of Covid-19," explained Dennis Kwan, CEO of TRACEsafe. "TRACEsafe is a critical tool to not only manage quarantine, but to provide a safer environment through real-time contact tracing in so many aspects of society, from work spaces to live audience venues, such as sports and concerts, to schools and universities. We are proud that TRACEsafe can help the world safely re-open."
What's Next?
I will cover this stock for at least the next month or two here occasionally, because I think their business is about to explode on numerous levels! Very few investors even know this deal exists. Still having the Blockchain name, confuses and hides things even further. But, the company's name and symbol will change in June, and a full OTC listing will activate soon as well.
Last week more news was released, look at how/why Kuwait is using this technology:
"Kuwait is utilizing TRACEsafe hardware to deploy an innovative safety and contact tracing program across the country's food delivery work force. The program, called DeliverSafe, is aimed at ensuring safety among food delivery and service workers."
Food delivery, sporting event re-openings, colleges, businesses/corporations (think of the use case in the mining industry!), senior care facilities/hospitals, and numerous other sectors will require contact tracing to go back to work. The TraceSafe bracelet can gather valuable data if/when people are exposed to a new covid case confirmation, or area clustered with new cases, expediting testing urgency for people that were in proximity. The new versions being launched can buzz when people get too close to each other on the job.
Summary
There is actually a lot more of this story to share, but this is a big chunk to digest already, and I'll leave it here for today. The stock has a very tight float and low share count outstanding. If you want a position, I would keep max limit order buys under $1 CDN for now (.75 in the US via UTOLF), as there has been a bit of liquidity/selling occurring between .80-$1 just recently. I would take a starter position then see how things unfold, and buy more on any weakness. But as with other tightly held stocks though, if you want anything of significance, buying offers is sometimes the only way to get in.
Either tomorrow or early next week, I will share more information about the asset on their balance sheet that I believe is worth .60 per share on its own. If I'm correct on that value, that means the TraceSafe business is trading for .25 CDN, or not even a $7M net USD valuation!
Eric Special Situation
Good Morning,
The World Has Changed for Awhile
I'm sharing a unique stock idea here outside of our core mining focus, which is very rare. I'm doing so because premium members have made huge gains quickly in the Covid sector via 2 special situations that I've officially recommended. The first one will remain premium/elite exclusive, but the stock nearly quadrupled from the recommended price in mid March within 3 weeks! It's still up 3X and we took off 1/3 at just under a triple to remove all principal risk and now hold 2/3 for free.
I believe the second stock, now called Blockchain Holdings (BCX/UTOLF), is just getting started! I happened to have owned a very large position in this company personally since early last spring for exposure to the blockchain/technology assets they hold. By Q4 last year, I was down over 60% on paper when it went under .20 CDN! But I knew the backers were very smart, and that they had an asset on the books (still do-which I will touch on later) that I felt was worth at least .60 per share, so I bought more.
I finally told our Elite members to start taking a position in January at .20 CDN. On February 14th, the stock was halted at .30 and would not trade again for 5 weeks, pending a transaction. The stock was halted to close a deal that ended up falling apart. But, the situation unfolded in such a lucky way for BCX, it's actually almost miraculous the way it happened! They then fell into an incredible position to acquire a company called TraceSafe, which was (the binding deal is now closed as of May 13th-so it is wholly owned by BCX now) a division of Wisilica Corp.
Quarantine Tracking
Wisilica is a pioneer in IoT (Internet of Things) applications, was founded in 2013, and is a VC backed company. The TraceSafe division focuses on contact tracing and has a very mature technology that is already in the market.
Historically it has been used to track newborns and senior citizens with wireless tech wristbands. Then, they got a call from the Hong Kong government when covid broke out to help them develop a solution for quarantine tracking, particularly for people entering the country.
They instituted a 14 day mandatory quarantine, which is still in effect now. However, TraceSafe is far from big brother as the devices self destruct after 3-4 weeks, versus tracking on our phones. People were manipulating the phone connections by leaving them at home then sneaking out, hence the need for a device that is on the person, but non intrusive. Hong Kong tried several iterations of this process and various devices, but have ordered 3 times now from Tracesafe. This has been picked up broadly in the media: https://www.cnbc.com/2020/03/18/hong-kong-uses-electronic-wristbands-to- enforce-coronavirus-quarantine.html
The New York Times and dozens of other outlets have covered this as well. The opportunity just for government quarantine management alone is massive for Tracesafe. However, their story is evolving extremely fast into multiple new huge market applications (more below). The parent company Wisilica's core product mix and plans didn't mesh with this business, but the build up of demand created a problem, when Blockchain Holdings swooped in to fund new inventory and acquire the company.
Contact Tracing
Now, interest and orders are taking off! But very recently the company planted seeds of what is to come, and I highlight in bold/underline the key words/ sentences in their May 19th press release below. PAY ATTENTION to these details, because this is a micro cap company that could be about to help take parts of the world safely back to work! Remember, this technology, including both the hardware and software, are mature and fully developed. They have a huge advantage and lead to capture massive business NOW.
It's a short press release but there is a lot said in it, so take a moment to learn more, then I will wrap up this email after this section.....
TRACESAFE SECURES ADDITIONAL ORDERS OF ITS CONTACT TRACING AND SELF-QUARANTINE MONITORING TECHNOLOGY Blockchain Holdings Ltd.'s wholly owned subsidiary, Tracesafe Technologies Inc., has secured additional orders of its contact tracing and self-quarantine monitoring technology with the Hong Kong Office of Government Chief Information Officer (OGCIO). Tracesafe's health and safety wearables are designed to be deployed in virtually any setting in which crowd monitoring is necessary by providing real-time contact tracing for corporations, businesses, educational institutions, sports leagues and concert venues around the world as countries loosen lock-down restrictions and restart their economies and societies. TRACEsafe's technology can contribute to a safer return to work for businesses and employees. The technology can also be deployed by governments around the world to support their self-quarantine programs. TRACEsafe disposable bracelets have been in use in Hong Kong since the end of March to assist the OGCIO manage and enforce its quarantine program for foreign visitors and returning citizens. The Hong Kong OGCIO has been issuing TRACEsafe bracelets at a rate of hundreds to thousands per day since they began deploying the technology. TRACEsafe's innovative suite of wearable health and safety products include a bracelet with integrated bluetooth beacon and related software to track the wearer's location. It was developed and deployed for maternity wards and senior citizen's housing but has been transformed to help manage the COVID-19 pandemic. Despite the development of an effective treatment or vaccine, it is expected that ongoing COVID-19 contact tracing and quarantine could be required for at least the next 12-24 months, and possibly longer if the virus proves to be seasonal. "We are pleased at the ongoing adoption of TRACEsafe's technology in Hong Kong and their most recent volume shipments are a testament to its success. We are very happy to continue working hand in hand with Hong Kong authorities to thwart the spread of Covid-19," explained Dennis Kwan, CEO of TRACEsafe. "TRACEsafe is a critical tool to not only manage quarantine, but to provide a safer environment through real-time contact tracing in so many aspects of society, from work spaces to live audience venues, such as sports and concerts, to schools and universities. We are proud that TRACEsafe can help the world safely re-open."
What's Next?
I will cover this stock for at least the next month or two here occasionally, because I think their business is about to explode on numerous levels! Very few investors even know this deal exists. Still having the Blockchain name, confuses and hides things even further. But, the company's name and symbol will change in June, and a full OTC listing will activate soon as well.
Last week more news was released, look at how/why Kuwait is using this technology:
"Kuwait is utilizing TRACEsafe hardware to deploy an innovative safety and contact tracing program across the country's food delivery work force. The program, called DeliverSafe, is aimed at ensuring safety among food delivery and service workers."
Food delivery, sporting event re-openings, colleges, businesses/corporations (think of the use case in the mining industry!), senior care facilities/hospitals, and numerous other sectors will require contact tracing to go back to work. The TraceSafe bracelet can gather valuable data if/when people are exposed to a new covid case confirmation, or area clustered with new cases, expediting testing urgency for people that were in proximity. The new versions being launched can buzz when people get too close to each other on the job.
Summary
There is actually a lot more of this story to share, but this is a big chunk to digest already, and I'll leave it here for today. The stock has a very tight float and low share count outstanding. If you want a position, I would keep max limit order buys under $1 CDN for now (.75 in the US via UTOLF), as there has been a bit of liquidity/selling occurring between .80-$1 just recently. I would take a starter position then see how things unfold, and buy more on any weakness. But as with other tightly held stocks though, if you want anything of significance, buying offers is sometimes the only way to get in.
Either tomorrow or early next week, I will share more information about the asset on their balance sheet that I believe is worth .60 per share on its own. If I'm correct on that value, that means the TraceSafe business is trading for .25 CDN, or not even a $7M net USD valuation!
Eric Special Situation
Good Morning,
The World Has Changed for Awhile
I'm sharing a unique stock idea here outside of our core mining focus, which is very rare. I'm doing so because premium members have made huge gains quickly in the Covid sector via 2 special situations that I've officially recommended. The first one will remain premium/elite exclusive, but the stock nearly quadrupled from the recommended price in mid March within 3 weeks! It's still up 3X and we took off 1/3 at just under a triple to remove all principal risk and now hold 2/3 for free.
I believe the second stock, now called Blockchain Holdings (BCX/UTOLF), is just getting started! I happened to have owned a very large position in this company personally since early last spring for exposure to the blockchain/technology assets they hold. By Q4 last year, I was down over 60% on paper when it went under .20 CDN! But I knew the backers were very smart, and that they had an asset on the books (still do-which I will touch on later) that I felt was worth at least .60 per share, so I bought more.
I finally told our Elite members to start taking a position in January at .20 CDN. On February 14th, the stock was halted at .30 and would not trade again for 5 weeks, pending a transaction. The stock was halted to close a deal that ended up falling apart. But, the situation unfolded in such a lucky way for BCX, it's actually almost miraculous the way it happened! They then fell into an incredible position to acquire a company called TraceSafe, which was (the binding deal is now closed as of May 13th-so it is wholly owned by BCX now) a division of Wisilica Corp.
Quarantine Tracking
Wisilica is a pioneer in IoT (Internet of Things) applications, was founded in 2013, and is a VC backed company. The TraceSafe division focuses on contact tracing and has a very mature technology that is already in the market.
Historically it has been used to track newborns and senior citizens with wireless tech wristbands. Then, they got a call from the Hong Kong government when covid broke out to help them develop a solution for quarantine tracking, particularly for people entering the country.
They instituted a 14 day mandatory quarantine, which is still in effect now. However, TraceSafe is far from big brother as the devices self destruct after 3-4 weeks, versus tracking on our phones. People were manipulating the phone connections by leaving them at home then sneaking out, hence the need for a device that is on the person, but non intrusive. Hong Kong tried several iterations of this process and various devices, but have ordered 3 times now from Tracesafe. This has been picked up broadly in the media: https://www.cnbc.com/2020/03/18/hong-kong-uses-electronic-wristbands-to- enforce-coronavirus-quarantine.html
The New York Times and dozens of other outlets have covered this as well. The opportunity just for government quarantine management alone is massive for Tracesafe. However, their story is evolving extremely fast into multiple new huge market applications (more below). The parent company Wisilica's core product mix and plans didn't mesh with this business, but the build up of demand created a problem, when Blockchain Holdings swooped in to fund new inventory and acquire the company.
Contact Tracing
Now, interest and orders are taking off! But very recently the company planted seeds of what is to come, and I highlight in bold/underline the key words/ sentences in their May 19th press release below. PAY ATTENTION to these details, because this is a micro cap company that could be about to help take parts of the world safely back to work! Remember, this technology, including both the hardware and software, are mature and fully developed. They have a huge advantage and lead to capture massive business NOW.
It's a short press release but there is a lot said in it, so take a moment to learn more, then I will wrap up this email after this section.....
TRACESAFE SECURES ADDITIONAL ORDERS OF ITS CONTACT TRACING AND SELF-QUARANTINE MONITORING TECHNOLOGY Blockchain Holdings Ltd.'s wholly owned subsidiary, Tracesafe Technologies Inc., has secured additional orders of its contact tracing and self-quarantine monitoring technology with the Hong Kong Office of Government Chief Information Officer (OGCIO). Tracesafe's health and safety wearables are designed to be deployed in virtually any setting in which crowd monitoring is necessary by providing real-time contact tracing for corporations, businesses, educational institutions, sports leagues and concert venues around the world as countries loosen lock-down restrictions and restart their economies and societies. TRACEsafe's technology can contribute to a safer return to work for businesses and employees. The technology can also be deployed by governments around the world to support their self-quarantine programs. TRACEsafe disposable bracelets have been in use in Hong Kong since the end of March to assist the OGCIO manage and enforce its quarantine program for foreign visitors and returning citizens. The Hong Kong OGCIO has been issuing TRACEsafe bracelets at a rate of hundreds to thousands per day since they began deploying the technology. TRACEsafe's innovative suite of wearable health and safety products include a bracelet with integrated bluetooth beacon and related software to track the wearer's location. It was developed and deployed for maternity wards and senior citizen's housing but has been transformed to help manage the COVID-19 pandemic. Despite the development of an effective treatment or vaccine, it is expected that ongoing COVID-19 contact tracing and quarantine could be required for at least the next 12-24 months, and possibly longer if the virus proves to be seasonal. "We are pleased at the ongoing adoption of TRACEsafe's technology in Hong Kong and their most recent volume shipments are a testament to its success. We are very happy to continue working hand in hand with Hong Kong authorities to thwart the spread of Covid-19," explained Dennis Kwan, CEO of TRACEsafe. "TRACEsafe is a critical tool to not only manage quarantine, but to provide a safer environment through real-time contact tracing in so many aspects of society, from work spaces to live audience venues, such as sports and concerts, to schools and universities. We are proud that TRACEsafe can help the world safely re-open."
What's Next?
I will cover this stock for at least the next month or two here occasionally, because I think their business is about to explode on numerous levels! Very few investors even know this deal exists. Still having the Blockchain name, confuses and hides things even further. But, the company's name and symbol will change in June, and a full OTC listing will activate soon as well.
Last week more news was released, look at how/why Kuwait is using this technology:
"Kuwait is utilizing TRACEsafe hardware to deploy an innovative safety and contact tracing program across the country's food delivery work force. The program, called DeliverSafe, is aimed at ensuring safety among food delivery and service workers."
Food delivery, sporting event re-openings, colleges, businesses/corporations (think of the use case in the mining industry!), senior care facilities/hospitals, and numerous other sectors will require contact tracing to go back to work. The TraceSafe bracelet can gather valuable data if/when people are exposed to a new covid case confirmation, or area clustered with new cases, expediting testing urgency for people that were in proximity. The new versions being launched can buzz when people get too close to each other on the job.
Summary
There is actually a lot more of this story to share, but this is a big chunk to digest already, and I'll leave it here for today. The stock has a very tight float and low share count outstanding. If you want a position, I would keep max limit order buys under $1 CDN for now (.75 in the US via UTOLF), as there has been a bit of liquidity/selling occurring between .80-$1 just recently. I would take a starter position then see how things unfold, and buy more on any weakness. But as with other tightly held stocks though, if you want anything of significance, buying offers is sometimes the only way to get in.
Either tomorrow or early next week, I will share more information about the asset on their balance sheet that I believe is worth .60 per share on its own. If I'm correct on that value, that means the TraceSafe business is trading for .25 CDN, or not even a $7M net USD valuation!
Eric Special Situation
Good Morning,
The World Has Changed for Awhile
I'm sharing a unique stock idea here outside of our core mining focus, which is very rare. I'm doing so because premium members have made huge gains quickly in the Covid sector via 2 special situations that I've officially recommended. The first one will remain premium/elite exclusive, but the stock nearly quadrupled from the recommended price in mid March within 3 weeks! It's still up 3X and we took off 1/3 at just under a triple to remove all principal risk and now hold 2/3 for free.
I believe the second stock, now called Blockchain Holdings (BCX/UTOLF), is just getting started! I happened to have owned a very large position in this company personally since early last spring for exposure to the blockchain/technology assets they hold. By Q4 last year, I was down over 60% on paper when it went under .20 CDN! But I knew the backers were very smart, and that they had an asset on the books (still do-which I will touch on later) that I felt was worth at least .60 per share, so I bought more.
I finally told our Elite members to start taking a position in January at .20 CDN. On February 14th, the stock was halted at .30 and would not trade again for 5 weeks, pending a transaction. The stock was halted to close a deal that ended up falling apart. But, the situation unfolded in such a lucky way for BCX, it's actually almost miraculous the way it happened! They then fell into an incredible position to acquire a company called TraceSafe, which was (the binding deal is now closed as of May 13th-so it is wholly owned by BCX now) a division of Wisilica Corp.
Quarantine Tracking
Wisilica is a pioneer in IoT (Internet of Things) applications, was founded in 2013, and is a VC backed company. The TraceSafe division focuses on contact tracing and has a very mature technology that is already in the market.
Historically it has been used to track newborns and senior citizens with wireless tech wristbands. Then, they got a call from the Hong Kong government when covid broke out to help them develop a solution for quarantine tracking, particularly for people entering the country.
They instituted a 14 day mandatory quarantine, which is still in effect now. However, TraceSafe is far from big brother as the devices self destruct after 3-4 weeks, versus tracking on our phones. People were manipulating the phone connections by leaving them at home then sneaking out, hence the need for a device that is on the person, but non intrusive. Hong Kong tried several iterations of this process and various devices, but have ordered 3 times now from Tracesafe. This has been picked up broadly in the media: https://www.cnbc.com/2020/03/18/hong-kong-uses-electronic-wristbands-to- enforce-coronavirus-quarantine.html
The New York Times and dozens of other outlets have covered this as well. The opportunity just for government quarantine management alone is massive for Tracesafe. However, their story is evolving extremely fast into multiple new huge market applications (more below). The parent company Wisilica's core product mix and plans didn't mesh with this business, but the build up of demand created a problem, when Blockchain Holdings swooped in to fund new inventory and acquire the company.
Contact Tracing
Now, interest and orders are taking off! But very recently the company planted seeds of what is to come, and I highlight in bold/underline the key words/ sentences in their May 19th press release below. PAY ATTENTION to these details, because this is a micro cap company that could be about to help take parts of the world safely back to work! Remember, this technology, including both the hardware and software, are mature and fully developed. They have a huge advantage and lead to capture massive business NOW.
It's a short press release but there is a lot said in it, so take a moment to learn more, then I will wrap up this email after this section.....
TRACESAFE SECURES ADDITIONAL ORDERS OF ITS CONTACT TRACING AND SELF-QUARANTINE MONITORING TECHNOLOGY Blockchain Holdings Ltd.'s wholly owned subsidiary, Tracesafe Technologies Inc., has secured additional orders of its contact tracing and self-quarantine monitoring technology with the Hong Kong Office of Government Chief Information Officer (OGCIO). Tracesafe's health and safety wearables are designed to be deployed in virtually any setting in which crowd monitoring is necessary by providing real-time contact tracing for corporations, businesses, educational institutions, sports leagues and concert venues around the world as countries loosen lock-down restrictions and restart their economies and societies. TRACEsafe's technology can contribute to a safer return to work for businesses and employees. The technology can also be deployed by governments around the world to support their self-quarantine programs. TRACEsafe disposable bracelets have been in use in Hong Kong since the end of March to assist the OGCIO manage and enforce its quarantine program for foreign visitors and returning citizens. The Hong Kong OGCIO has been issuing TRACEsafe bracelets at a rate of hundreds to thousands per day since they began deploying the technology. TRACEsafe's innovative suite of wearable health and safety products include a bracelet with integrated bluetooth beacon and related software to track the wearer's location. It was developed and deployed for maternity wards and senior citizen's housing but has been transformed to help manage the COVID-19 pandemic. Despite the development of an effective treatment or vaccine, it is expected that ongoing COVID-19 contact tracing and quarantine could be required for at least the next 12-24 months, and possibly longer if the virus proves to be seasonal. "We are pleased at the ongoing adoption of TRACEsafe's technology in Hong Kong and their most recent volume shipments are a testament to its success. We are very happy to continue working hand in hand with Hong Kong authorities to thwart the spread of Covid-19," explained Dennis Kwan, CEO of TRACEsafe. "TRACEsafe is a critical tool to not only manage quarantine, but to provide a safer environment through real-time contact tracing in so many aspects of society, from work spaces to live audience venues, such as sports and concerts, to schools and universities. We are proud that TRACEsafe can help the world safely re-open."
What's Next?
I will cover this stock for at least the next month or two here occasionally, because I think their business is about to explode on numerous levels! Very few investors even know this deal exists. Still having the Blockchain name, confuses and hides things even further. But, the company's name and symbol will change in June, and a full OTC listing will activate soon as well.
Last week more news was released, look at how/why Kuwait is using this technology:
"Kuwait is utilizing TRACEsafe hardware to deploy an innovative safety and contact tracing program across the country's food delivery work force. The program, called DeliverSafe, is aimed at ensuring safety among food delivery and service workers."
Food delivery, sporting event re-openings, colleges, businesses/corporations (think of the use case in the mining industry!), senior care facilities/hospitals, and numerous other sectors will require contact tracing to go back to work. The TraceSafe bracelet can gather valuable data if/when people are exposed to a new covid case confirmation, or area clustered with new cases, expediting testing urgency for people that were in proximity. The new versions being launched can buzz when people get too close to each other on the job.
Summary
There is actually a lot more of this story to share, but this is a big chunk to digest already, and I'll leave it here for today. The stock has a very tight float and low share count outstanding. If you want a position, I would keep max limit order buys under $1 CDN for now (.75 in the US via UTOLF), as there has been a bit of liquidity/selling occurring between .80-$1 just recently. I would take a starter position then see how things unfold, and buy more on any weakness. But as with other tightly held stocks though, if you want anything of significance, buying offers is sometimes the only way to get in.
Either tomorrow or early next week, I will share more information about the asset on their balance sheet that I believe is worth .60 per share on its own. If I'm correct on that value, that means the TraceSafe business is trading for .25 CDN, or not even a $7M net USD valuation!
Eric
2020-06-02 —————————————————————————————————————————
Covid Special Situation
Last Thursday, May 28th, I recommended this stock to you for the first time at 85 cents CDN. Based on the volume that session, not many takers. BUT, I'm sending these developments below today, because it might motivate a few of you up to focus in on what might become a 3-5X hit for us, in a fairly short time frame (like 6 weeks to 6 months)!
The fact is, this is an anomaly for me to cover a stock in an unrelated sector in the GIL free E-letter. However, it's a high conviction play, and we are early. The other Covid related stock that I recommended to premium members at .61 in mid March, hit $3.83 yesterday (6X in 10 weeks!). We already have profits booked and still hold 2/3 of our position at no risk, because I think it could go to $10 or higher, fast.
The stock below, Blockchain Holdings (BCX/UTOLF), is just above $1 CDN (closed at $1.18 yesterday), and has similar potential in the short to medium term to what happened in the other name since March. It also had a big all time high breakout on volume yesterday into power hour, after consolidating for the past 6 weeks.
This is just one element to the business below in this new sector, contact tracing. And it's a huge step into a MASSIVE industry! In addition, they've already sold over 100,000 bracelets to the Hong Kong government to help execute effectively their 14 day quarantine program for people entering the country. There are multiple nations in various stages of ordering in quantity, but now this company is developing swiftly into a "get the world back to work" story more than anything else.
Reopening Major Sporting Events
Yesterday, Blockchain Holdings (BCX/UTOLF) harpooned a potential whale! Toronto billionaire David Argyle, owner of the Toronto Wolfpack, was the driver behind signing this deal with TraceSafe (BCX/UTOLF) to help reopen Lamport stadium. Before reading the actual press release details below, you may want to click this link to read about Argyle first, if you don't know who he is: https://www.msn.com/en-au/sport/rugby-league/who-is-david-argyle-meet-the- billionaire-mining-magnate-bankrolling-a-rugby-league-revolution-that-could-take- the-best-players-out-of-australia/ar-BBWsIqg
The "mining magnate" is connected to dozens of other sports team owners and billionaires, all looking for ways to reopen their sports seasons and stadiums! If this is just the first domino to fall in this new market application for Tracesafe, then this thing is going to be HUGE!
Readers can still accumulate BCX below $1.35 CDN or $1 in UTOLF (they will have a name change and higher tier US listing within weeks). Look at this company/stock FaceDrive by the way (symbol FD.V), they literally COPIED TraceSafe's brand, have "technology" that doesn't work or exist yet, and their stock has a $1 Billion market cap CDN! Facedrive shares have soared from $2-11 on this "TraceScan" news in a month, but they don't have anything! And, I expect them to get sued imminently.
Wait until the press and world starts to find out about the real deal in this sector, which is TraceSafe (their technology is mature, and has had millions of dollars in R&D, and 4 years time invested into their technology development/applications). BCX/TraceSafe's market cap right now? A piddly $37M CDN, so there is lots of room to run here, and it could just explode violently with its tight share structure/ float.
Blockchain Holdings Ltd. Subsidiary TraceSafe and Toronto Wolfpack Sign Contract for Wearable Technology to Safely Reopen Lamport Stadium
TORTOLA, BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 1, 2020 / Blockchain Holdings Ltd. (CSE:BCX) ("BCX" or the "Company") is pleased to announce that its wholly-owned subsidiary, TraceSafe Technologies, Inc. ("TraceSafe") has executed a contract with Toronto Wolfpack Rugby League Football Club ("Toronto Wolfpack") to deploy its wearable tracking products and services to help safely reopen Lamport Stadium for training and future games, whether played behind closed doors or with fans, as and when the season resumes. Under the terms of the agreement, TraceSafe has an exclusive contract for the 2020 - 2021 season to supply wearable tracing products for any staff and fans attending the Toronto Wolfpack's home games at Lamport Stadium while social distancing restrictions are in place. Why Tracesafe's Wearable Technology can be Utilized to Improve Safety at Sports Stadiums during COVID-19 TraceSafe's iMSafe wristbands help ensure that each person is protected by having the smart wireless wristbands always on the person. Furthermore, while privacy is protected, there is no personal information stored on the wristbands. The wristbands effectively act as two-way radios that enable public health directives such as contact-tracing and social-distancing to be applied at large scale events such as at Lamport Stadium. It also enables other location-based services, such as guidance to seating areas, access control and loyalty programs, to be personalized and location-aware, that further enhances the enjoyment and safety for all fans. It does not require the use of the fans' mobile phones, thereby eliminating privacy concerns and any technical issues related to mobile phones' capabilities. How it Works The iMSafe wristbands transmit and receive signals from each other so that nearby contacts can be logged and data is seamlessly retrieved in the background via infrastructure local to the stadiums. Data can then be used for contact-tracing should it be required, to help ensure the health and safety of fans in a stadium. Potential exposures to a confirmed case can be traced and isolated to the area or the groups of individuals in contact with particular persons. Real- time monitoring of social-distancing violations can also be enabled so that the individuals concerned may be informed or authority alerted. What Happens to the Data Collected? Data can be automatically deleted after a predetermined time, for example 14 days after each game day. Individuals can be identified by a login ID created by the fans themselves, and any notifications can be sent anonymously to the persons involved without personal information involved. "We are delighted to partner with Toronto Wolfpack to work on safely reopening Lamport Stadium and bringing back rugby to Toronto. This agreement is a testimony to the leading position of TraceSafe in the category of wearable safety tech", stated James Passin, Executive Chairman, BCX. "TraceSafe products & software will greatly improve our re-opening operating procedures for Lamport Stadium by adding a verifiable, easy to use and affordable method to assist with social distancing. It is important that as we re- start our lives, this technology aids in re-opening stadiums, avoiding tracking apps loaded onto our mobile phones," stated Toronto Wolfpack Chairman & CEO, Robert Hunter