Image Protect Inc (OTCMKTS:IMTL) is a stock trying to turn things around from a technical standpoint. IMTL share prices made a significant turn in August, bumping back above the 50-day simple moving average twice. The stock has held that improvement the second time around and may be marking out an important inflection. Time will tell.
As far as recent catalysts, the company just hit the wires with news that it has produced a high quality corporate video for the purposes of providing current shareholders and the larger investment community with a deeper understanding of the Company business model. According to the release, the Company wants to thank and acknowledge Jeff Orso of Television 101 Net for the production. The purpose of the video is to serve as messaging in front of the company’s planned crowdfunding capital raise campaign.
Image Protect Inc (OTCMKTS:IMTL) promulgates itself as a company that protects and monetizes creative works. By uniting technology with a team of copyright experts, the company aims to ensure that content providers preserve the value of their digital assets.
“Our web application monitors the global Internet to seek and collect evidence for illegally used visual content. Then our legal partners in North America, Europe, Asia and Oceania ensure that our clients receive appropriate compensation, recovering settlement fees when their work has been used without a valid license.”
According to company materials, “Image Protect protects and monetizes creative works. By uniting technology with a team of copyright experts, we ensure that content providers preserve the value of their digital assets. Our web application monitors the global Internet to seek and collect evidence for illegally used visual content. Then our legal partners in North America, Europe, Asia and Oceania ensure that our clients receive appropriate compensation, recovering settlement fees when their work has been used without a valid license.”
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As noted above, Image Protect Inc. is moving toward a new crowdfunding operation and will launch a new dedicated site at https://minivest.com. The Company is registered with the SEC via a Reg A to raise $1mm in capital and is excited to be offering the shares out on a Crowd Funding site.
Company CEO, Lawrence Adams stated, “We are committed to the Crowd Funding process, as it provides a more long-term funding source than otherwise available in the current Micro-Cap space.” It’s no wonder. In 2015, it was estimated that worldwide over US$34 billion was raised this way. 2016 was no doubt much bigger. And this year will clearly set a new record for the funding strategy.
In addition, the company also recently announced that it will begin monitoring the 4M+ photos within the Snapwire Marketplace for online usage. They will also be actively working with the Snapwire community to register their images with the US Copyright Office to better protect their growing community of photographers from online privacy.
According to that release, Snapwire has over 1800 clients worldwide such as LinkedIn, Scholastic, Google, and Hertz as well as over 330,000 photographers in 180 countries. 15K people sign up for Snapwire every single month. Partners include Adobe and Google.
COO, Jonathan Thomas stated, “We’re excited about working with the Snapwire community of photographers to educate and help defend against the growing epidemic of unauthorized use of images on the Internet.”
The chart shows -8% chopped out of share values in the name over the past month of action. However, as we previously discussed, the technical shape of the chart is potentially turning around in the past few weeks. Furthermore, IMTL has evidenced sudden upward volatility on many prior occasions. Furthermore, the name has seen interest climb, with an increase in recent trading volume of just shy of 630% beyond its prior sustained average level.
Currently trading at a market capitalization of $1.76M, IMTL has virtually no cash on the books, which compares with about $421K in total current liabilities. IMTL is pulling in trailing 12-month revenues of $542K. However, the company is seeing steep declines on the top line on a quarterly y/y basis. 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 $IMTL 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 $IMTL, either long or short, and we have not been compensated for this article.
