Mobicard Inc (OTCMKTS:PTOP) Delivers Big Gains

Do you remember our last article on Mobicard Inc. (OTCMKTS:PTOP), which we titled "Mobicard Inc (OTCMKTS:PTOP) Is A Cryptocurrency Runner"?It was published on December 14, 2017 and noted many good features of PTOP. In that article, we appreciated the business expertise of the CEO and the fact that the company had entered the cryptocurrency industry creating the new currency MobiCoin, which was traded on DEX.We were not wrong in saying those words. We hope that some of our readers did follow this name thanks to our research.Some days after our article was published, the share price increased astonishingly. From below $0.01, the price spiked up to close to $0.06. The price move represents incredible results, however the most interesting is not the price, but the volume.Almost 200 million shares changed hands in a very short period of time. We believe that it clearly shows that the market is becoming more and more interested in PTOP and its activities.Have a look at the following stock chart before we explain what's new: 1 month chart for PTOPLet's visit rapidly the business model of the company for the starters. MobiCard Inc. markets its own "SaaS mobile solution branded C2A MobiCard, a scalable mobile business card software platform that enables users to create a customized web based personalized mobile app that is sharable by text sms, email, digital, and social media."We believe that this know-how accumulated in the telecom industry will help the company in the cryptocurrency industry.Why?PTOP knows well how to create database of contact leads, which, in our opinion, will help communicate the good features of MobiCoin to cryptocurrency holders.Recent DevelopmentsOn December 6, 2017, the company released that it has received funding from a private equity fund. Additionally, it was also noted that it has filed required corporate actions, amendments, and renewals with the Nevada Secretary of State. This was a great news.But, there is more.The company noted that it has retained a PCAOB auditor, BF Borgers CPA PC, which will help the company meet additional SEC requirements to be a fully reporting SEC filer. This was also a great news, as being a SEC filer will make the company much more visible to many more market participants. Financing the company could be much easier.On December 12, 2017, PTOP released a substantial increase in MobiCard sign ups of over 933% in fiscal Q1 2018 since the 11/29/17 announcement of its reward program. This is a great news, as it shows that the growth of the company is astonishing, which is usually the main driver of the share price. Well done.But, that's not all.It has also noted that in less than two weeks, the sign ups have surpassed the subscriptions for the entire previous 11 months combined. This shows that the increase is due to the reward program, and the management of this company is simply brilliant.Christopher Esposito, Director of Business Development, said what everybody in the market is thinking and what's making the share price spike recently:

“If the last 2 weeks are any indication of what’s to come, our 2018 fiscal year should prove to be monumental.” Source

Additionally, the company noted that 2018 seems to be a great year in terms of new innovations. It is expected that new subscribers will be able to acquire 10 MobiCoins for $7.99 monthly subscription and 50 MobiCoins for $79.99 annual plan. It was also noted that anyone who registers now will be awarded MobiCoins in January retroactive to his/her December registration date.Thus, in January, we will need to monitor the company quite closely, as the new subscription plans will increase again the level of subscriptions and push up the share price.On December 14, 2017, it was released that the company had been featured on Uptick Network “Stock Day” Podcast, wherein host Everett Jolly interviews hundreds of CEOs within the micro-cap publicly traded sector.The most interesting was the following news. The company has seen how the "investment funding options have improved dramatically," and is trying to go back to being a SEC filer. This is a great announcement that, we believe, made market participants push up the share price.Share Capital statistics and ConclusionHow do we explain the share price volatility? Let's check the following share capital statistics:Authorized Shares750,000,000a/o Feb 17, 2012Outstanding Shares225,722,836a/o Dec 10, 2015-RestrictedNot Available-UnrestrictedNot AvailableHeld at DTCNot AvailableFloat58,414,309a/o Jun 10, 2015Par Value0.001SourceThe float is extremely reduced, which means that large market orders can move the share price quite a bit. We appreciate sharing this kind of info, as many market participants enjoy playing volatility games on the OTC Market.Currently trading with a market cap of $8.6 million, PTOP is an exciting story among small caps. It seems that there will be many catalysts for the share price in 2018, so we encourage readers to follow this name very closely. It has already delivered stock returns to those who did so!We will be updating our subscribers as soon as we know more. For the latest updates on PTOP, sign up below!Disclosure: We have no position in PTOP and have not been compensated for this article.Image courtesy of 401kcalculator via Flickr