Saddle Ranch Media Inc (OTCMKTS:SRMX) Climbing Higher

Sentiments on Wall Street are turning again in favor of Saddle Ranch Media Inc (OTCMKTS:SRMX) after the stock price declined from 52-week highs in January.Amidst the recent spike, it is still unclear whether the rally is sustainable and whether the recent information released can push the share price higher. In addition, the trading volumes have improved. Thus, it seems evident that the market appreciated it. But, the stock volume has not achieved the volume records seen a few weeks ago.Please check the following stock chart: YTD chart for SRMXWith the stock trading at the $0.006 handle, it needs to close above the $0.01 handle to be taken seriously. The upside is large. The market could push up the share price to the next resistance of $0.02. The opportunity is interesting. On the downside, if longs doubt a bit, the share price could decline to $0.001, which is the most significant resistance of 2017.Before we review the news that has strengthened investors’ confidence in SRMX, let us review the activities of SRMX.Saddle Ranch Media OverviewSRMX, through its recent acquisition of Skyfideilty, Inc., is being presented as a new inventor, manufacturer, and distributor of Smart Home devices, including SKiQ super router for 4G/5G/LTE, the ThermoRing first activated thermostat, the SmartOutlet, and the SmartDimmer. Company Logo - Saddle Ranch Media Inc OTCMKTS:SRMXIn this article, we will focus on the company's flagship product, SkiQ Super Router. For a full review of the devices offered by SRMX, please check our previous piece on this name. Additionally, there is substantial information about the new innovations on the websites of the group. Be sure to follow Skyfidelityinc's, and Tricascadeinc's.SkiQ Super RouterIn January 2018, SRMX presented the functionalities of this new device with the following words:

"SkiQ Super Router will have enhanced LTE functionality as well as proprietary iPad and Smart Tablet pedestal docking to facilitate video and television streaming directly from the SkiQ device. The ability to position live streaming devices (iPad/Tablet) directly on the SkiQ Router will enhance live streaming capability by directly connecting WiFi devices with a networking router USB port-the first 4G/LTE/Fiber router to do so." Source

There is more.The company also remarked that this new technology facilitates FaceTime and Video Conferencing directly from the SkiQ Router pedestal. In our opinion, it is an interesting technology that will help reduce the number of devices necessary at home. But, that's not the most remarkable. We believe that the market will be much interested in its artificially intelligent “moonlight system.” This system permits identifying "networking functionality, climate or air quality condition, smoke alert or any add-on function of sensor capability available in the home." With the artificially intelligent market booming in 2018, we believe that these AI functionalities will multiply 2018 sales.

SkiQ Image from the Website -Please check the following videos that explain the new innovations in a befitting manner:https://youtu.be/-XMPIj1mZDIhttps://youtu.be/NRoFCPlTkqwWhy are we talking about this company right now?That's most critical for stock market participants. On January 31, 2017, the company engaged legal counsel to file patent applications to protect the SkiQ. It is quite an important catalyst for the stock. This means that the balance sheet could show new intangible assets in the next quarter.Additionally, it means that the US or any other country could grant new patents to the company soon. Stay tuned to this company, since an announcement in this regard could multiply the stock gains of shareholders. Remember that the market only pays off to those doing the hard work and reading the newswire.New FinancingThe new devices are not seducing only stockholders, they have also drawn the attention of financiers. They are opting to convert their debt in exchange of shares. Read the following carefully: Northbridge Agreement - Saddle Ranch Media Inc. OTCMKTS:SRMXWe have obviously some concerns about the potential stock dilution resulting from these transactions. However, if the growth of the company can offset the stock dilution, the shareholders will not complain.There is more. On February 14, 2017, the company also signed a new agreement with a new financial partner. Its name was not revealed, but little information was given about the deal. These are the most remarkable details: New Financing Agreement - Saddle Ranch Media Inc. OTCMKTS:SRMXWhile we believe that the new agreement should benefit shareholders, we need to wait until the amount of money is released. Also, it will be critical to getting to know the type of financing received. Depending on these two features, the market reaction will be different, as it will determine the future of SRMX. Stay tuned for the next announcements and remember the following. Equity financing will not be welcomed by the market, but senior notes could make the share price spike.What next?Some ambitious production goals were released recently. The company expects to finalize the production of the first five thousand (5000) SkiQs by June 2018. Read the following carefully:"This number of units has been determined based upon our sales goal for the 2Q 2018. This sales goal is based upon current conversations with prospective SkiQ customers. If we can achieve this sales goal, our company will thereafter be able to maintain our aggressive production schedule and sales without further share issuance. To be clear, the five thousand (5000) unit goal is based upon certain communications and demonstrations of the SkiQ device to prospective purchasers." SourceWhat's our take? The market did well by not getting quite excited about these production level expectations. Everybody is waiting to see what happens in the 2Q 2018, thus is it better to stay cautious. Some shareholders may jump into the stock before the information is released. They could make great returns if the company meets its production guidance. However, if the opposite occurs, the results will be a disaster.ConclusionCurrently trading with a market cap of $5.5 million, SRMX is an exciting story among small caps. With a stable balance sheet and a very decent asset growth pace, the financial situation seems beneficial from here. Check it here: Balance Sheet - Saddle Ranch Media Inc OTCMKTS:SRMXAdditionally, SRMX is not reporting positive income yet - like many other emerging companies -, but the revenues are growing at a very large pace; 200% annually. That's what's making the share price increase, and what we need to study very closely.To sum up, there is a lot to like on this name.Be sure to check out our coverage on SRMX!We will be updating our subscribers as soon as we know more. For the latest updates on SRMX, sign up below!Disclosure: We have no position in SRMX and have not been compensated for this article.Image courtesy of Lukas Fittl via Flickr