“Little Black Box Could End Mass Shootings Forever” from New Century Report

By Travis Johnson, Stock Gumshoe, January 25, 2018

I’m recovering from illness, but have crawled back into the office to get a quick teaser solution out for you today… who loves you, dear readers? (And you’ll thank your lucky stars that the pipes of the interwebs don’t transmit viruses of the human variety, that was an ugly one.)

But you don’t care about that, naturally — you don’t have to go to school with my kids, and you don’t have to tolerate my pathetic whimpering in the face of agony. You just want to know what the latest get-rich-quick pitch is all about, right? So let’s get to it…

The pitch, which comes across as admittedly a bit opportunistic in the wake of another school shooting this week (though those hardly even make headlines anymore), is all about security and weapons scanning — I first saw this ad not long after the Las Vegas shooting, though I didn’t write about it at the time, and the ad seems unchanged since then. It’s a spiel in service of Alex Koyfman’s New Century Report ($79/yr) over at Angel Publishing.

Which is, to pre-warn you a bit, a little bit of an orange flag, if not a red one. A newsletter under $100 a year from one of the larger publishers, like Angel, is likely to have at least tens of thousands of subscribers if it’s at all successful… and a penny stock being pitched to that many people means that a large portion of the shareholder base is likely being driven by the buy and sell notifications of that newsletter. Which can bring a heckuva lot of volatility if that newsletter does anything other than “buy and hold.”

This isn’t news to you, I expect, but it’s worth remembering — often publishers keep the “penny stock” and “less liquid” recommendations in their higher-priced letters, partly to keep the audience down and decrease the impact they have on the share price of any recommended stock, and partly to save the “sexy stuff” for the folks who pay the most (and who can presumably afford the huge losses that speculative penny stocks often bring), but that doesn’t appear to be the case here — Koyfman’s going for more of a “mass market” penny stock letter here, it appears, in contrast to his $1,000 Penny Stock Millionaire service.

But on to the stock — what is it? Here’s how he gets the pitch going:

“Urgent: Approved for Immediate Use by the U.S. Government…

“This Little Black Box Could End Mass Shootings Forever

“A revolutionary anti-weapons technology approved in October 2017 by the U.S. government could…

  • Stop every mass shooting before a single shot is fired
  • Be installed in every single school, church, sports stadium, concert venue, office and government building, bank, shopping mall, train station, and airport worldwide
  • Dominate a global market worth over $1 trillion
  • And send the $1.20 NATO-backed stock that owns exclusive rights to this technology to over $32 a share in the next 12 months… and over $152 a share in the next three years as the rollout accelerates!

“Every major casino in Las Vegas could install as many as 50 of these devices in each of their hotels starting this year”

Which sums it up pretty well… are there any other specific clues in the spiel to help us make sure the Thinkolator can ID the right company?

Let’s see… more from the ad:

“Metal detection has been around for decades, but this device is completely revolutionary in that it takes traditional metal detection and combines it with cutting-edge artificial intelligence….

“It can tell the difference between an innocuous hunk of metal, such as a coin or a piece of jewelry, and something that can cause damage, like a knife, a gun, or a bomb….

“…a device that could be embedded in walls, floors, ceilings… anywhere that’s convenient and out of sight, allowing for discreet scanning.

“This technology has been under development for years now at a small firm headquartered in Vancouver, British Columbia. This year, however, the company made its biggest leap forward yet, as its products were finally cleared for commercial distribution in both Canada and the United States.”

The ad goes on to theorize that had these kinds of scanners been installed at the hotel in Las Vegas, the shooter wouldn’t have been able to smuggle his arsenal into the hotel tower.

And the company is, we’re told, still quite small — with a market cap of “less than $150 million.”

So what’s the stock that Koyfman is pitching for, in his words, “at least a 30x profit opportunity here in just the next 12 months… and over 100x that in the next three years?”

Thinkolator sez: this is Patriot One Technologies (PAT.V in Canada, PTOTF OTC in the US)

And yes, it is a roughly C$150 million company at C$1.78 (US$1.44), and it does have a scanning technology that they’re trying to sell to institutions, including Las Vegas casinos — one casino has confirmed testing an installation on their employee entrance last month. That’s the same casino, incidentally but not coincidentally, where Patriot One co-hosted a security forum a few weeks ago, presenting to security officials from (mostly) other Las Vegas resorts and casinos.

Las Vegas is perhaps more incentivized than most other places to want this kind of security screening and scanning to be secret and unobtrusive, since no one wants real life intruding on their time in Vegas, but it’s presumably going to be a slow process of testing this system in this first hotel (the Westgate) and then seeing how it works and whether it justifies the cost or comes with any blowback from customers (it’s supposed to be unobtrusive, but things like false positives can quickly get the attention of guests).

I am certainly not an expert on the security needs of hotels (or of anywhere else), but I think the real meaningful revenue-generating part of this business is likely to be a ways into the future — the CEO’s latest letter to investors noted their need to accelerate deployment to new sites of different kinds across North America “in order to advance our machine learning processes across multiple live interactive customer locations” … this is not a cookie cutter service that’s ready for use in every single facility today, apparently, and it presumably needs customized implementation and installation and, I would suspect, tight cooperation from initial customers that would likely come with a significantly discounted price.

That’s all guesswork, though, and this is a security-related penny stock, so pretty much anything could happen. They are in relatively decent shape on the balance sheet, mostly because they’ve raised about $15 million by selling shares since last Summer — that would keep them going at their current cash burn rate for a long time, but if they’re trying to really roll out installations the cash burn will presumably accelerate rapidly from here. The installation of their initial system was done after the end of the last quarter, so it did not hit the income statement — if it does hit the income statement in this quarter, we might then have a better idea about the cost of the installation (for that single entrance), but it wouldn’t be surprising if the installation was not actually a “sale” to the hotel and doesn’t generate any revenue, at least at first.

This is also a system that would presumably have to be tightly integrated into a facility’s overall security system, so casinos are a logical entry point: Lots of money, usually advanced security, and a lot of focus on security. Whether that means schools and courthouses are a meaningful opportunity is a consideration that I would presume is many years down the road — casinos are big, wealthy operations who prize unobtrusive security, image, privacy and convenience, that’s not always true of public buildings and institutions.

So the idea of the product is appealing — a scanning system that can work unobtrusively using radar and artificial intelligence to identify likely weapons or similar items passing through some sort of checkpoint. The implementation is too early to know much about, though that’s not surprising — it is a tiny little company without any real customers yet, so it will probably trade based on the story and the press coverage of any actual installations or orders… or perhaps, on the bad side, of any potential failures of the system (or health concerns, or whatever). And they can afford to keep doing what they’re doing for at least a couple quarters as the story develops and they try to bring on new customers — without, probably, much focus on the financials for a while unless they have to raise money again… with new technology companies, the lack of earnings is often A-OK as long as there are orders and order growth and good press.

I haven’t dug around to see if there are any stock promotion skeletons behind this one (always a risk in Vancouver), or any meaningful competitors who are developing similar products, but that’s your quick answer and a little head start… and no, unfortunately, I don’t think it’s all that likely to “end mass shootings forever” or to make you 30X your money this year, but those are just hyperbolic promises to get your attention — clear your mind of the crazy promises, and decide what you think. Is Alex Kofyman on to something here? Think it’s too risky? Want to dig in and share your research on the company? Just jump right in with a comment below.

P.S. My records on this are not particularly definitive, but it looks like Koyfman’s first hinting about this stock was linked to ads for his more expensive Penny Stock Millionaire, back in March and October of last year, and this most recent one, which I started seeing in early January, is for his cheaper New Century Report.


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34 Comments on "“Little Black Box Could End Mass Shootings Forever” from New Century Report"

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catherine
Irregular
73

So sorry to hear you’ve had the flu, Travis.
We all appreciate you cranking up the thinkolator and writing this up – now go take care of yourself, maybe get some more rest, while we do our DD. 🙂

Gr8Full!
Irregular
11006

$PTOTF – Be healed and made whole Travis! #RightNOW!
#ThankYOU Chief for sleuthing this one for the #Gr8Gummunity.

For more Technology equities, discussion, sharing and sleuthing see: #Technology > A Wide Angle Discussion of The Big Picture & It’s Players: https://www.stockgumshoe.com/2018/01/microblog-technology-a-wide-angle-discussion-of-the-big-picture-its-players/

A complete list of threads, discussions by SoGiAm aka #Gr8Full! are available by clicking on the Phoenix Image/Avatar to the left of any post or visiting: https://www.stockgumshoe.com/author/sogiam/ Best2ALL! Ben, @H0U3

#Navigation #Gr8Gummunity #Technology #EV #AI #RKTS #BlockChain #WowYouZGuyzAndGalsAreINCREDIBLE! #Water # #BiotechCalendar…

franz_g
Member
4
franz_g
Member
4
thomashogan640
Member
17

This was an easy stock to find based on the info he provided in the email I got from him. It’s amazing how dumb he must think I am that I could not google it. I have been following patriot one for a few months. The tech sounds great and if it works then this is a monster of a stock. But it’s still being tested so I don’t know. But the potential is great

obviously
Irregular
8

I have been a follower for a year and had a small position until sold a couple weeks back. It has had spikes from newsletters no doubt and pullbacks several times. May have let go too soon???

sschechter
Irregular
18

Me too same story!

rossmount
Irregular
0

Take care of yourself my man – nobody else will.

stevemack70
Irregular
30

I’ve had this since March of 2017. Pleased so far with the progress. I was wondering what caused the spike today, now I know. I think this is the first speculative stock I ever purchased before Travis profiled it. It is also one of the few stocks that I have a stop loss on.

Dave S.
Guest
0

Move that stop-loss way up!

ytse
Irregular
13

After reading a few articles of the one, I still do not know what are the differences between PT and the metal detectors? Anyone cares the explain?

Andre
Guest
0

The easiest answer is go to their website and look at the videos they posted 🙂 That being said, the metal detector will beep if it finds metal where as this uses some sort of radar technology combined with AI so for instance, if you had a plastic knife, the metal detector wouldn’t find it but this thing would detect the hidden form and the AI would determine it’s a knife and it would flag you

stpaulchuck
Guest
0

any tech like this is beatable. Any. It might stop some mouth breather, but a sociopath or psychopath is likely way smarter than that. I’ll pass.

Frank J
Guest
0

Actually, stats show that sociopaths, on average, have low IQs.

Teresa Arnett
Guest
0

Having been a victim in Orlando 3 decades ago; this event spurred metal detectors in courthouses, I really appreciate this info. Don’t forget the Pulse club massacre 1 year ago. God bless and let’s keep moving forward. TA

joe
Guest
0

Hmmm..all the shooter has to do is wait outside for a large crowd and this is useless.

Robert
Irregular
2

This device is designed to protect buildings not crowds.J

Dave S.
Guest
0

Are 3D-printed weapons from composite materials a thing yet?

Investor Clouseau
Irregular
77
Yes, but I’ve only seen video of a home printed pistol (a year or two ago), haven’t heard tell of any assault rifles or anything bigger scale. They said it couldn’t be done at the time, but somebody proved they could find free templates online, print and assemble their own metal-less pistol and they got about 8 shots off before the thing fell apart, if I recall correctly. Haven’t read anything more on the tech from this company, but it seems like you could smuggle parts in, even metal parts if they aren’t gun or knife shaped, and put everything… Read more »
anastasia
Irregular
8

From the very beginning of this PAT -Oct.2016-( which indeed comes from a canadian scientific researcher in Halifax), I have hold some of these shares until may 2017. In the meanwhile, this technology does not seem to have been convincing enough to fully support a significant increase in the stock’s price as well as to become the so perfect solution for an enlarged application. Unfortunately. So, I will not ad it again to my portfolio.

bmc
Guest
0

I’ve actually traded this one twice already. Has potential but is very much in the embro stage right now. Moves up and down as newsletters promote it.

bill1962
Irregular
6

get well soon

vamtnman
Member
0

Ok so if the perps know this is installed at the buildings they want to shoot up whats going to stop them from just shooting everyone outside the building. You could have school yards littered with bodies.

sandy_shore
Irregular
90

If you wear a foil hat, this gizmo won’t be able to tell if you’re a dummy.

Steve Moran
Guest
0

I also was able to deduce the company as Patriot One Tech. I was able to get in at $1.12 about two weeks ago, so forget about the hype of 30x returns, but realistically couldn’t this be a $4.00-$6.00 stock in the very near future????

takeprofits
Irregular
387

It should be obvious at this stage it is NOT an investment, it is simply a SPECULATION that shows promise. What I do with stocks like this is get on the companies press release list so I get alerted to their progress (if any) so I can pick a good entry point, IF and when the concept is proven out with actual sales and profits. That’s more reliable than any hyped up newsletter promotion.

Sandman
Guest
0
get well and great job as always. have owned this @ .78 and sold off enough to derisk while still owning 15 k and 5k warrants. The key truly is whether or not this can prove out. The big play IF it works is to downsize into a wearable devise for police / security, and or on police cars, which would really make this a 30 bagger. right now tho its still got to prove itself. Biggest benefits over metal detectors is that it scans before entry and not evasively. time will tell and i hope it works out obviously.… Read more »
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Bruce
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0
I was a member of Alex’s Penny Stock Millionaire. Lost more than I made, but the one story I have loved it Patriot. My first buy was at 1.2o when it was recommended in January 2017. Has gone through rocky times, but I think they really turned the corner when FTC approval was received in Oct 2017. I kept buying as the price fell, so my average cost/share is .69. I am hanging on the this one. I believe many people in the last Las Vegas shooting would still be alive if this technology had been in hotel. only time… Read more »
robert snow
Guest
0

you are the best and most informative review available!!!!!!!!!!!!
I LOVE U

robert snow
Guest
0

you are the best stock gumshoe!!!!!!!!!

canpaint
Member
1

thanks as ever Travis. Incisive.
You’re my go-to for debunking and real information

bob
Guest
0

so if it detects a gun then what? I guess a security camera would pick up who the carrier is. sounds complicated

peter9810
Member
0

Looks like he’s just a serial promoter.
Alex Koyfman | Angel Publishing
https://www.angelpub.com/experts/alex-koyfman
Alex Koyfman is the managing editor and investment director of the Penny Stock Millionaire investment advisory, and a contributing editor to Wealth Daily. An avid trader since his late teens, Alex’s expertise lies in high-upside, development stage technology and biotech companies.

gdoggcrunch
Irregular
10

Would appear so, just got a spam email today 4/7/18 on this. Monthly paid promotion it appears. That’s why they make it so easy to guess. They don’t care if you subscribe. Angel’s getting paid by Patriot, directly or indirectly. My guess is OSIS is way more connected in the pay for play DC world and would be the company to benefit.

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