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Beyond Commerce, Inc. (OTCMKTS:BYOC) Is A Penny Stock Winner

Beyond Commerce, Inc. (OTCMKTS:BYOC) Is A Penny Stock Winner
Written by
Jarrod Wesson
Published on
January 20, 2018
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Our readers should remember our piece on Beyond Commerce, Inc. (OTCMKTS:BYOC), which specializes in the acquisition of “big data” companies.We published in October that BYOC was executing a large number of transactions to enhance shareholder value. Additionally, we explained that share price was so volatile because the company showed a very low float. We are very happy for our readers, who were able to get in on the back of our coverage.Have a look at the share price action before we provide more details: 1-year chart for BYOCFor starters, BYOC was founded in 2006 and is headquartered in Las Vegas, Nevada. It is focused on the acquisition of companies operating in the B2B Internet Marketing Technology and Services (IMT&S) field. BYOC seems not to be growing only as a result of the innovative Big Data industry. It is also buying disruptive strategic software technology and market-changing business models to boost business growth. The market seems to be appreciating the business strategy.What's new?In November 2017, BYOC released many due financial reports, which, in our opinion, were of interest to market participants. We will remark the most interesting only. The company noted no cash, but $2.163 million in total assets, and $17 million in total liabilities. The amount of assets has increased by 8% in the last three years, while the total liabilities have increased by 22%. Also, the net income reported has increased by 26% over the previous three years. The company reported a loss of $1 million.Also, the market received a letter from a law firm stating that the new financial information is adequate and complies with the regulatory framework. Readers can find the document on this website.In our opinion, the fact that the company is becoming compliant is the most interesting. We believe that more market participants are willing to check this business now. It explains the increase in liquidity as well as the increase in the share price.There is more.BYOC was granted Current Information Status on December 19, 2017, by the OTC Markets following the successful updating of financial and disclosure information. Furthermore, it was noted by CEO, George Pursglove, that the exchange had decided to remove both OTCMKTS Stop and Yield signs. He also stated that the company is now ready to focus on its business. Read his most meaningful words:

"I’m excited that these major hurdles are behind us and we can complete our financing and in turn our first planned acquisition.” Source

We need to pay close attention to the company since Boustead Securities, an investment banking firm, is working with BYOC. This adviser was said to be helping the company recapitalize, which, in our opinion, is the first step to continue the acquisition of other businesses.BYOC to acquire SERVICE 800, Inc.On January 17, 2018, the company signed the first contract after releasing its financial statements. It was noted that SERVICE 800, Inc. and BYOC had released a definitive business combination agreement, which was said to bring Fortune 500 clients as well as recurring revenues. Also, "tremendous possibilities for synergies and cross-selling opportunities" were announced, which made market participants push up the share price. From $0.04, it increased to $0.06 delivering exciting returns to market participants who were ready to assess this news.In our opinion, the market could see more share price highs when the next quarterly report is released. If the financial numbers show an increase in the number of assets and revenues, the market could push up the share price even higher. We believe that this is the most significant catalyst for this name.The FloatWe could find more detailed information about the total outstanding shares and the float. There are 1 billion authorized shares, 1 billion outstanding shares, and a float of 709,056,425. The float figure is a little larger than what we estimated in our previous article.ConclusionCurrently trading with a market cap of $65 million, BYOC is an exciting story among small caps. The company has no cash in the balance sheet, so we expect the company to explain how the acquisition of SERVICE 800, Inc. is going to be financed. We can imagine that Boustead Securities is working on a debt or equity transaction, but more details will be welcomed by the market. Be ready to assess the next announcements, as the share price could increase.To sum up, there are many catalysts on this name, thus be sure to monitor the next steps of BYOC!Be sure to check out our coverage on BYOC.We will be updating our subscribers as soon as we know more. For the latest updates on BYOC, sign up below!Disclosure: We have no position in BYOC and have not been compensated for this article.Image courtesy of WEBN-TV via Flickr

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