RE:RE:TickerTrax write up today.
Gatekeeper Systems (GSI:TSXV 12 cents / GKPRF:OTC) www.gatekeeper-systems.com Shares Outstanding: 88 Million / Market Cap: $10.5 Million Minimal Debt with Cash & Receivables near $7 million Annual revenue in the range of $8 Million with small positive earnings. Gatekeeper provides innovative, end-to-end video safety and security solutions for mobile applications including body cameras, in-car police video systems, school bus video and stop-arm camera video enforcement systems, transit bus video systems, and airborne digital recording systems for military applications. image: https://www.stockhouse.com/getattachment/f1cc1fb3-9669-4eff-a9e1-17bd98e180df/Nov6Trax2-(6).jpg Click to enlarge The technology and business model of Gatekeeper is currently valued by the market at only $4 million (market cap less current estimated cash, receivables, debt and discounted inventory). This is definitely low even for a microcap tech as a marginally profitable company in this sector with decent revenue should be worth 1 to 2 times annual revenue (given the fact they have a clean balance sheet and innovative technology). Under that valuation scenario, the business should be worth $8 to $16 million or 9 to 18 cents ABOVE net cash value of 8 cents. Meaning, fair value on GSI should be in the range of 17 to 26 cents. From 12 cents where there has been good liquidity, this presents an attractive risk/reward scenario for 2018. They definitely need to demonstrate stronger top line revenue growth in 2018, but the current price range is definitely attractive and we should continue to see liquidity in this range until last December when tax loss selling ends. The website is best for due diligence and they have a corporate presentation available here: https://www.gatekeeper-systems.com/index.php/presentations image: https://www.stockhouse.com/getattachment/94e0e041-d1a5-417c-8e5e-2c0fe60c2781/Nov6Trax3-(1).jpg?width=450&height=254 Nov6Trax3-(1).jpg image: https://www.stockhouse.com/getattachment/9dc9622a-d600-4d70-82f1-9bd9a2218608/Nov6Trax4-(1).jpg?width=450&height=248 Nov6Trax4-(1).jpg (click to enlarge images above) _____________________________________________________________________ To ensure email delivery and prevent blocking - Please be sure to add the following as an email contact mailbox@newsletter.stockhouse.com Social Media: www.linkedin.com/in/dannydeadlock www.twitter.com/microcap_com / www.facebook.com/microcap _____________________________________________________________________ Disclosure: Danny Deadlock owns 175,000 shares of Exro and 150,000 Gatekeeper Read more at https://www.stockhouse.com/opinion/tickertrax/newsletter/2017/11/06/exro-replacing-lnd-with-gsi#VvWOZA1st4ZVlXHC.99