This article was originally published on August 18, 2020, but we’re getting a lot of questions this week as Koyfman pushes the story heavily again, with a renewed focus on the FCC December auction as a profit driver. What follows has not been updated in any meaningful way, and the ad appears unchanged from August, but I’ll add a short note at the bottom.
I know, that’s a ridiculous headline… sorry. I just copied it from Alex Kofyman’s ad, and he certainly has the same tendency toward hyperbole that we see in many of his colleagues. These days he calls himself “America’s Microcap Expert,” and says that this stock is “my most important discovery” … with the urgency that you must “Discover the Details Before a MAJOR December Event Sends Shares Skyrocketing.”
So what’s the deal? Well, he’s peddling a special report called “Forever Memory: Retire Rich on the Semiconductor Revolution,” but what he’s really selling is a subscription to his Microcap Insider ($999 for the first year… and unlike most publishers, they’re offering a refund guarantee for the first 90 days). He doesn’t claim to offer two different services these days, so it looks like he has just renamed Penny Stock Millionaire, the service he has peddled at this same price over the past five years. As you might expect for a penny stock picker, our tracking sheets indicate that over the past five years he has teased both big winners (recently Exro finally had a surge after being teased for years, and Nano One has also done well) and big losers (Patriot One, Crop Infrastructure, Hudson Resources).
The basic spiel this time is that he has found a chipmaker who will bring forward the next iteration of memory technology, some kind of non-volatile memory that can hold data without consuming power… and that this will be key to the growth of the Internet of Things, which in turn will be driven by 5G network adoption… and to add another card to the house of cards we’re building, investment in this sector will shoot higher on December 8, when the government opens up new spectrum.
Here’s a little taste from the ad:
“Forever Memory has unlimited endurance. Data physically cannot become corrupted by too many write cycles, which is why the global shift to Forever Memory is virtually guaranteed.
“It can’t be overstated how much digital progress depends on this innovation…
“Artificial intelligence, cryptocurrencies, virtual reality, blockchain, big data, self-driving cars, augmented reality, telemedicine, the internet of things…
“On a mass scale, these new technologies have no future without the advantages Forever Memory offers.
“Given this company’s size, (its current value is right around $120M), the potential for growth in the next few years is easily comparable to the gains early investors in semiconductor giant Intel made when its stock skyrocketed 19,803%…”
So what’s the actual product? Here’s more from Koyfman…
“Forever Memory works by manipulating the spin of electrons with a polarizing current that establishes a magnetic state to program, or write, the bits in the memory array.
“I know this sounds complicated, but the underlying principle is simple.
“Data in Forever Memory is stored by magnetic elements, and once magnetized, the storage elements don’t require any power at all.”
OK, so it’s a new(ish) kind of memory… any other clues about the company that is developing this technology? We get this…
“This company is one of the very few in the world that can make Forever Memory, thanks to 220 U.S. patents it owns.”
“NASA released a study about it back in 2013, saying this company’s Forever Memory is ‘the technology of choice for space systems in the coming years.'”
The urgency is that the wireless infrastructure for Internet of Things devices, which will be particularly in need of some kind of low-power memory technology, is still, so Koftman implies, on the drawing board…
“You see, while there are already a ton of internet of things devices out there, we’re still in the beginning phases, because billions of new devices can only function properly if there’s a wireless infrastructure that supports them.
“And this infrastructure is about to come online.
“We know how it will happen, and we know the specific date.