FCC & Vegas Shooting Fuel My July Tech Pick – 55% in 3mths

tsxv microcap stocks penny stocks

 

Patriot Tech (PAT.v $1.20 / PTOTF)

I introduced Patriot back in early July (June for microcap subscribers) so we are sitting on a three month gain of almost 50%. The strong buying and momentum is great to see, BUT sadly it coincides with the shooting in Las Vegas (and their FCC approval that same morning).
The challenge is arriving at a fair valuation for their business as decent revenue will not begin until sometime in 2018. Current valuation is approx. $70M CDN but there is still a lot of low priced warrants that will come out.
For the time being however, none of that matters. Traders will be all over this story because of Las Vegas and emotional trading means irrational pricing. So if you own it, enjoy the gains.

Original July report available here:

76 Cent Patriot One (PAT.V): Combating Soft Target Terrorism