$SSFT (copy) **** $SSFT DD/RESEARCH POST ****
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Posted On: 02/06/2021 6:08:42 AM
$SSFT (copy) **** $SSFT DD/RESEARCH POST ****
Posted to Reddit today
Sonasoft $SSFT – Fully Audited AI Company with $13.33M revenues and deals with $FIS and $GOOGL
Sonasoft $SSFT) Overview/ Research/ DD
Looks like SSFT has been picking up steam the last month. Figured I’d throw out some quick ‘Coles-notes’ style DD for anyone to get started research.
Point form Notes:
- SSFT founded in 2003 in Silicon Valley
- Services a wide-range of household named clients like Amazon, Nvidia, TiVO, VISA, etc. source: https://sonasoft.com/about/our-clients/
- Shifted primary focus to Artificial Intelligence (AI) in 2019 with the acquisition of Hotify, Inc, the creator of NuGene AI. https://www.otcmarkets.com/stock/SSFT/news/So...?id=225956
June 2020: Sonasoft quietly submitted 2 huge SEC 8-K filings. 1) deal with $FIS for the development of AI solutions, and 2) deal with Google to develop Google Cloud Learning Systems
FIS - https://www.otcmarkets.com/filing/html?id=141...qJE71_MX3h
GOOGL - https://www.otcmarkets.com/filing/html?id=142...qJE71_MX3h
(Both Google and FIS would have APPROVED these filings)
July 2020: Sonasoft (SSFT) Reports full-year 2019 Audited Revenue of $13.33 Million; an Increase of 1260% YoY; First Quarter 2020 Revenue of $2.8 Million; an Increase of 47% YoY
https://www.otcmarkets.com/stock/SSFT/news/So...?id=268275
Points of interest: After the Google and FIS filings, SSFT did NOT put out formal PR’s pumping the deals etc. Most OTC stocks would have never shut up about huge named deals like that. Why did they stay so quiet?
Well, it would seem they are more concerned with building the business/company than pumping their stock. Breath of fresh air. They would have most likely had to file NDA’s with those giant companies and also they would want to keep their dealings under the radar as to not tipoff the competition (my views)
After the 8-K filings and subsequent Audited $13.33M in revenue announcements, the Company went silent and the stock flew under the radar for months despite the huge deals in the works.
Finally, on Dec 30, 2020: SSFT provided annual update which described its AI tech, its strengthened AI Engineering and Management teams**, a deal with a “multi-billion-dollar financial services company”,** and I think possibly most importantly – Announced they had filed a patent to protect their Intellectual Property relating to their AI tech.
The patent filings as well as the deal with the multi-billion-dollar financial services firm (I am assuming that is $FIS) explains why the Company was so quiet over the past 6+ months. They were working on a huge deal with cutting-edge technology – both of which needed to be kept quiet to protect the deal (my opinion obviously)
Following the December 30 announcements, the market began to slowly catch on and trading volumes and price started to really pick up. Sentiment and interest on message board has significantly increased as well.
Then, most recently on January 28th 2021 – SSFT announced yet another key patent filed for its AI tech. Once again strengthening their position and protecting/increasing shareholder value even more.
https://www.otcmarkets.com/stock/SSFT/news/So...?id=287849
Share Structure:
SSFT has done a fantastic job raising capital to drive growth while simultaneously protecting shareholder value. They have NO toxic debt. The majority of shares are held by insiders and long-term shareholders. One investor alone Dr. R Japra owns 33% of the outstanding share count** (baller). (** source PAGE 13 https://backend.otcmarkets.com/otcapi/company...75/content
Market cap (02-04-2021) 76,734,996
Outstanding Shares 485,664,531
Float 229,925,241
https://www.otcmarkets.com/stock/SSFT/security
Moving Forward:
So, what is next for SSFT? Well, investors are speculating we could be waiting on details relating to the Google or FIS deals, further patents, or new deals with other big named companies (they already have a long list of big named clients).
Further, the fact that FIS and Google chose SSFT as their AI tech provider speaks volumes about the efficacy of the tech. And now this tech is in the process of becoming IP protected / Patented which could add significant value to the company.
In previous Press Releases, the company has mentioned intentions to up-list to higher exchanges (Nasdaq) and also that the steps it is taking would make SSFT an attractive buyout candidate by a larger company.
The RedHat buyout by IBM comes to mind from a couple years ago. Investors woke up one morning to learn that RedHat was getting acquired for $34 Billion
https://www.cnbc.com/2019/07/09/ibm-closes-it...d-hat.html
With the current climate in the OTC Markets and stock market in general with companies like AITX and TSNP running up to hundreds of million $ and even BILLION $ market caps (while having BILLIONS of shares outstanding) – I think $SSFT with their relatively tight share structure, $13M+ audited revs, and huge current deals with major companies has a great shot at running into the dollars from its current price of 0.18/share.
Of course, DO NOT take my word for anything. I’m just pointing out what I like / think and my opinions. I am just letting people know they might want to investigate this one and do some DD/Research.
I welcome any thoughts / feedback.
Thanks for reading. I truly hope you all make tons of $$$
Sources:
https://www.otcmarkets.com/stock/SSFT/overview
https://www.otcmarkets.com/stock/SSFT/profile
https://www.otcmarkets.com/stock/SSFT/news
https://www.otcmarkets.com/stock/SSFT/disclosure
https://sonasoft.com/
Posted to Reddit today
Sonasoft $SSFT – Fully Audited AI Company with $13.33M revenues and deals with $FIS and $GOOGL
Sonasoft $SSFT) Overview/ Research/ DD
Looks like SSFT has been picking up steam the last month. Figured I’d throw out some quick ‘Coles-notes’ style DD for anyone to get started research.
Point form Notes:
- SSFT founded in 2003 in Silicon Valley
- Services a wide-range of household named clients like Amazon, Nvidia, TiVO, VISA, etc. source: https://sonasoft.com/about/our-clients/
- Shifted primary focus to Artificial Intelligence (AI) in 2019 with the acquisition of Hotify, Inc, the creator of NuGene AI. https://www.otcmarkets.com/stock/SSFT/news/So...?id=225956
June 2020: Sonasoft quietly submitted 2 huge SEC 8-K filings. 1) deal with $FIS for the development of AI solutions, and 2) deal with Google to develop Google Cloud Learning Systems
FIS - https://www.otcmarkets.com/filing/html?id=141...qJE71_MX3h
GOOGL - https://www.otcmarkets.com/filing/html?id=142...qJE71_MX3h
(Both Google and FIS would have APPROVED these filings)
July 2020: Sonasoft (SSFT) Reports full-year 2019 Audited Revenue of $13.33 Million; an Increase of 1260% YoY; First Quarter 2020 Revenue of $2.8 Million; an Increase of 47% YoY
https://www.otcmarkets.com/stock/SSFT/news/So...?id=268275
Points of interest: After the Google and FIS filings, SSFT did NOT put out formal PR’s pumping the deals etc. Most OTC stocks would have never shut up about huge named deals like that. Why did they stay so quiet?
Well, it would seem they are more concerned with building the business/company than pumping their stock. Breath of fresh air. They would have most likely had to file NDA’s with those giant companies and also they would want to keep their dealings under the radar as to not tipoff the competition (my views)
After the 8-K filings and subsequent Audited $13.33M in revenue announcements, the Company went silent and the stock flew under the radar for months despite the huge deals in the works.
Finally, on Dec 30, 2020: SSFT provided annual update which described its AI tech, its strengthened AI Engineering and Management teams**, a deal with a “multi-billion-dollar financial services company”,** and I think possibly most importantly – Announced they had filed a patent to protect their Intellectual Property relating to their AI tech.
The patent filings as well as the deal with the multi-billion-dollar financial services firm (I am assuming that is $FIS) explains why the Company was so quiet over the past 6+ months. They were working on a huge deal with cutting-edge technology – both of which needed to be kept quiet to protect the deal (my opinion obviously)
Following the December 30 announcements, the market began to slowly catch on and trading volumes and price started to really pick up. Sentiment and interest on message board has significantly increased as well.
Then, most recently on January 28th 2021 – SSFT announced yet another key patent filed for its AI tech. Once again strengthening their position and protecting/increasing shareholder value even more.
https://www.otcmarkets.com/stock/SSFT/news/So...?id=287849
Share Structure:
SSFT has done a fantastic job raising capital to drive growth while simultaneously protecting shareholder value. They have NO toxic debt. The majority of shares are held by insiders and long-term shareholders. One investor alone Dr. R Japra owns 33% of the outstanding share count** (baller). (** source PAGE 13 https://backend.otcmarkets.com/otcapi/company...75/content
Market cap (02-04-2021) 76,734,996
Outstanding Shares 485,664,531
Float 229,925,241
https://www.otcmarkets.com/stock/SSFT/security
Moving Forward:
So, what is next for SSFT? Well, investors are speculating we could be waiting on details relating to the Google or FIS deals, further patents, or new deals with other big named companies (they already have a long list of big named clients).
Further, the fact that FIS and Google chose SSFT as their AI tech provider speaks volumes about the efficacy of the tech. And now this tech is in the process of becoming IP protected / Patented which could add significant value to the company.
In previous Press Releases, the company has mentioned intentions to up-list to higher exchanges (Nasdaq) and also that the steps it is taking would make SSFT an attractive buyout candidate by a larger company.
The RedHat buyout by IBM comes to mind from a couple years ago. Investors woke up one morning to learn that RedHat was getting acquired for $34 Billion
https://www.cnbc.com/2019/07/09/ibm-closes-it...d-hat.html
With the current climate in the OTC Markets and stock market in general with companies like AITX and TSNP running up to hundreds of million $ and even BILLION $ market caps (while having BILLIONS of shares outstanding) – I think $SSFT with their relatively tight share structure, $13M+ audited revs, and huge current deals with major companies has a great shot at running into the dollars from its current price of 0.18/share.
Of course, DO NOT take my word for anything. I’m just pointing out what I like / think and my opinions. I am just letting people know they might want to investigate this one and do some DD/Research.
I welcome any thoughts / feedback.
Thanks for reading. I truly hope you all make tons of $$$
Sources:
https://www.otcmarkets.com/stock/SSFT/overview
https://www.otcmarkets.com/stock/SSFT/profile
https://www.otcmarkets.com/stock/SSFT/news
https://www.otcmarkets.com/stock/SSFT/disclosure
https://sonasoft.com/
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