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Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) Move Northbound Brewing as Robotics AI Innovator Raises $3.5 Million and Reverses Off $0.006 Lows

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Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) is rocketing northbound after reversing off $0.006 lows up 48% on Friday alone closing just off the high of the day at $0.011 on about $850,000 in dollar volume. AITX was one of the biggest penny stock runners of 2021 skyrocketing from tiple zeroes to highs near $0.30 per share. Now that the stock is based at a fraction of its former value and seems to have formed a clear bottom and selling has dried up investors are accumulating. AITX is an exciting story developing in small caps, through its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), the Company is making moves in the $100 billion plus global security services market. AITX is an SEC filer and recently applied for up listing its shares to fully reporting OTCQB.   

Robotic Assistance Devices, Inc. (RAD) continues to report big sales; recently the Company received multiple orders, totaling 33 units, to be delivered to four different clients. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs. Earlier this month they received another order for 2 ROAMEO mobile security robots. RAD was also just named a winner of the 2022 AST ‘ASTORS’ Award for its breakthrough Firearm Detection AI analytic in the category of Best Metal/Weapons Detection Solution, and for RAD Light My Way in the category of Best Alert Notification System. An event attended by thousands of security industry, government, and public safety professionals New York City.  

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Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time. RAD security robots include SCOT™, ROSA180™, Wally™, Wally HSO™, AVA™, or ROAMEO™, and consumer software tools including RAD Light My Way and the RAD Device Placement System.  

Robotic Assistance Device’s (RAD’s) Light My Way™ offers property managers a new and better way to address nighttime security on their properties. A first of its kind, the solution puts the power of security in the hands of employees, tenants, and visitors through the combination of affordable, smart, interactive technology, a mobile app, and live remote monitoring and response services. The commercial real estate market has taken notice. RAD Light My Way recently won two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD’s ROSA won CBRE’s 2021 Best Workplace Experience Solution Award. 

Artificial Intelligence Tech Solutions mission is to apply Artificial Intelligence (AI) technology to solve enterprise problems categorized as expensive, repetitive, difficult to staff, and outside of the core competencies of the client organization. RAD’s first industry focus is the more than $100 billion global security services market. RAD’s current goal is to disrupt and capture a significant portion of both the human security guard market (over $30 billion) and “physical security” (video surveillance, access control, visitor management, etc.) market (over $20 billion) through its innovative RAD solution ecosystem. RAD’s current goal is to disrupt and capture a significant portion of both the human security guard market (over $30 billion)2 and “physical security” (video surveillance, access control, visitor management, etc.) market (over $20 billion) through its innovative RAD solution ecosystem. 

ROSA is a compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published two Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country. (Image: Rosa installed at 7/11’s in Pittsburg)

AVA is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals. 

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AITX

Earlier this month the Company announced its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received an order for 2 ROAMEO mobile security robots. This order, a capital purchase facilitated through one of RAD’s largest authorized dealers, will see one ROAMEO deployed at the major utility company’s corporate offices, and the other at one of their field locations. This client recently placed an order for an AVA access control robot that was announced via press release on November 3, 2022. The Company expects to publicly announce the end user in the near future as the client has expressed support for this to be made public. 

RAD confirmed that these will be next generation ROAMEO 3.0 units and be deployed in the summer of 2023. ROAMEO 3.0 builds upon the thousands of hours of field deployments for ROAMEO 2.0, with upgrades including greater speed and mobility, lower production costs, faster production time, and powered by RAD-G’s RADPack. 

This follows last months announcement that Robotic Assistance Devices, Inc. (RAD) has received multiple orders, totaling 33 units, to be delivered to four different clients. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs. RAD’s ROSA has received industry recognition for its autonomous ability to detect and deter instances of trespassing and other property intrusions without the need for manned guarding assistance. Folmer confirmed that all 26 ROSAs will be deployed at one of the client’s distribution centers. 

On November 18 AITX announced its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has been named a winner of the 2022 AST ‘ASTORS’ Award for its breakthrough Firearm Detection AI analytic in the category of Best Metal/Weapons Detection Solution, and for RAD Light My Way in the category of Best Alert Notification System. Thousands of security industry, government, and public safety professionals convened in New York City Wednesday to meet with experts from industry-leading innovators at ISC East, the Northeast’s largest physical and IT security trade show to preview the latest in security technologies. 

Steve Reinharz, CEO of AITX and RAD stated: “Receiving two AST ASTORS awards for our most recent software and hardware solutions is a great honor. We appreciate the recognition from American Security Today and look forward to the security and #PropTech industries continued acceptance and roll out of these solutions.” 

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Currently trading at a $38 million market valuation AITX has just under a million in the treasury and $5.8 million in assets with just over $30 million in liabilities. Much of RAD’s existing convertible debt was acquired in support of the RAD/SMP robotics program. This convertible debt has largely been converted to long-term debt and warrants and will not cause short term dilution. These numbers do not include the non-dilutive $3.5 million the Company recently raised from its largest shareholder as Steve Reinharz reduced his stake from fully diluted ownership of 65% to 54% AITX is an exciting story developing in small caps, its subsidiary Robotic Assistance Devices, Inc. (RAD), is making moves in the $100 billion plus global security services market and finding great success under the able leadership of Steve Reinharz. AITX was one of the biggest runners of 2021, skyrocketing to highs near $0.30 per share. At current levels AITX has a massive gap to fill, ready liquidity, and a large group of investors who are steadily accumulating at current levels. We will be updating on AITX when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in AITX either long or short and we have not been compensated for this article.

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Global Tech Industries Inc (OTCMKTS: GTII) Declares War On Shorts

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Global Tech Industries Inc (OTCMKTS: GTII) has filed a lawsuit against Alpine Securities for spoofing and depressing the share price of GTII.

Global Tech Industries Inc (OTCMKTS: GTII) has filed a lawsuit against Alpine Securities for spoofing. The lawsuit claims that multiple parties were selling a significant number of shares at artificially depressed prices, which is attributed to the illegal behavior of spoofing.

According to David Reichman, CEO of GTII, the lawsuit is a significant step in the company’s efforts to protect itself and its shareholders from market manipulation. The company is represented in the case by the Christian Levine Law Group and Warshaw Burstein, LLP, two law firms that specialize in stock fraud litigation.

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The spoofing of shares refers to a fraudulent trading practice in which traders place buy or sell orders for a security, intending to cancel them before they are executed. This behavior creates a false impression of demand, causing the market price to move in a specific direction, which benefits the trader’s position. Spoofing is a violation of federal securities laws.

The lawsuit alleges that the financial firms named in the complaint engaged in illegal behavior that allowed them to manipulate the market and benefit from GTII’s artificially depressed share prices. GTII is seeking unspecified damages and injunctive relief to prevent further market manipulation.

Wes Christian, managing partner of the Christian Levine Law Group, stated that the lawsuit is yet another example of illegal market manipulation by the defendants. He emphasized the law firm’s commitment to protecting shareholders and holding financial firms accountable for their illegal behavior.

The lawsuit is an important step for GTII in its ongoing efforts to protect its shareholders and business from illegal market activities. It remains to be seen how the lawsuit will unfold, but GTII is committed to pursuing legal action against those who engage in market manipulation that harms the company and its shareholders.

Alpine Securities is in significant trouble and cannot pay the $2 million fine imposed on them by the SEC. GTII has the highest concentrated short position in Alpine’s books, which is significant. GTII needs to fight against this illegal behavior, and a lawsuit is one of the ways to do so.

Taking a step back and understanding the entire Alpine situation as a whole, it is clear that they are in trouble. The current market conditions, where the fluidity of credit is not as strong, can significantly affect borrower rates. When borrowing rates go through the roof, as was the case with GTII, it does not make sense to short-sell. People had to cover, and the stock went nearly double all-time highs to $9.

GTII has many catalysts, and the first one will be Upstream, which will open multiple avenues to throw a curveball at short sellers with special coupons and dividends. The 1-800 Law Firm deal is another catalyst that GTII is excited about. GTII expects to receive $85 million in receivables on the books, which will improve GTII’s fundamentals exponentially. This improvement in fundamentals could make the current resistance level of $2 the new floor.

Restricted dividends are another way GTII can throw a curveball at short sellers. Clean Vision’s success with restricted dividends is an example that worked in the recent past. The proof is there that it can work and is worth trying. If it is another curveball that can throw off a short seller, that’s perfect. It can’t hurt to try, especially if it is restricted, which means it will not dilute the stock for six to 12 months.

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GTII is in an exciting time, where banks are collapsing, and the market is getting rocked. Everyone is very tense, and there is a lot of pressure. Things are not as smooth as they were a year or two ago, so this could be a really good time for GTII. Many things are happening right now, including the 1-800 deal coming in two or three weeks, the Alpine update from the SEC in two to three weeks, the special dividends, and the lawsuit against Alpine.

When looking at the chart, GTII is testing a key level again. The $2 level has been struggling to hold above this range, but it is about to be retested again.

GTII Daily Chart

GTII Daily Chart

In conclusion, GTII has dropped a hammer on Alpine Securities by filing a lawsuit against them for spoofing. GTII is fighting back against illegal behavior and has many catalysts to help them. The current market conditions are not smooth, but GTII is in an excellent position to take advantage of this situation. With the lawsuit, the 1-800 deal, the Alpine update, and the special dividends, GTII is well-positioned to move forward.

MicroCapDaily sees GTII as one of the most exciting stories to follow. We will keep an eye on this one and push out updates as they unfold.

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Image by Hilary Clark from Pixabay

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Is today’s surge in MMTec Inc (NASDAQ: MTC) justified ?

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MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 - $2.5299, with more than 2.98M shares exchanging hands.

MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 – $2.5299, with more than 2.98M shares exchanging hands.

So why did MTC surge today ?

The failure of Silicon Valley Bank led to a sell-off in equities and a shift to safe-haven assets, such as US Treasuries and gold. Markets have calmed down somewhat, and the worst of the equity sell-off seems to be over. However, the market anticipates that the markets will be somewhat uneasy until a better understanding of inflation is reached and what the Federal Reserve will do next week.

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Despite most investors currently avoiding the banking sector, Wall Street sees potential opportunities, particularly in regional banks. The chaos in the market has created opportunities in the industry and several banking stocks are being punished just for being a banking stock. The collapse of Silicon Valley Bank was due to its specialisation in venture-capital financing, which made it vulnerable to the higher interest rate regime of the past 12 months.

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Therfore, today’s gains in MTC seems to be more a sympathy bounce considering the overall banking sector. Earlier in March, MMTEC, Inc. (Nasdaq: MTC) declared that it will relocate its operations from Beijing to the Hong Kong Special Administrative Region, effective March 6, 2023. The Company’s subsidiary, MM Future Technology Limited, which is a Hong Kong incorporated limited company, will assume all operations previously conducted by its subsidiary, Gujia (Beijing) Technology Co., Ltd. However, Gujia will continue to carry out specific technical research and development functions. Further, the Company, through its subsidiary HC Securities (HK) Limited, and other entities, will continue to invest its human resources in asset management and securities underwriting, and other related businesses, aiming to attract global funds to invest in the Chinese market and support China’s economic growth. The Company’s new operations headquarters is located at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.

We will be updating on MTC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MTC.

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Global Developments Holdings, Inc (OTCMKTS: GDVM) Share Starts Recovery After a Second Big Drop in Three Months

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Global Developments Holdings Inc (OTCMKTS: GDVM) share has steadily risen for the past six and a half months. The company’s performance in 2023 has been remarkable.

Global Developments Holdings Inc (OTCMKTS: GDVM) share has been on a steady rise for the past six and a half months. The company’s performance in 2023 shows that the share was growing, then it saw a sudden surge, only to crash back down. However, the company’s 6M chart clearly indicates that the share has been rising steadily, and both rapid surges followed by sudden crashes — one in November/December 2022 and another in February 2023 — were only brief pumps. The stock’s performance overall still indicates that GDVM is seeing a strong, steady rise, which was not affected by these instances of strong volatility.

The GDVM price was fairly stable for the first eight months of 2022, slightly fluctuating around $0.0040. However, at the end of August 2022, the price started to grow. The growth was steady, healthy, and the price kept going up, almost completely uninterrupted until November 3rd. At the time, it reached $0.0527, but after reaching this level, it saw a slight correction to a support at $0.040. After only about a week at this level, a rapid surge took it all the way up to $0.1109. The surge started around November 16th, and it reached its peak by December 6th.

After that, a rapid correction made the price crash back down to $0.056 later on the same day. After an attempt at recovery, the price dropped again on December 14th, this time sinking to $0.038. From there on, the price managed to return back to its steady growth, which actually lasted until late January 2023. At the time, it reached $0.066, when another surge took place, starting on January 27th.

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In the following month, the price climbed up to $0.1359, reaching this height on February 23rd, which was once again followed by a rapid crash back to $0.0726. What followed was a few weeks of stability, which led the price to finally grow back up again, to $0.0862, on March 9th. This was followed by another mild correction to $0.769, which is where the GDVM price sits right now at the time of writing.

Global Developments Holdings, Inc (OTCMKTS GDVM) Share Starts Recovery After a Second Big Drop in Three Months

Global Developments Holdings, Inc (OTCMKTS: GDVM) price behavior has been quite significant over the last six months. However, it is also worth noting that most of these developments — the beginning of the six-month steady growth, as well as rapid price surges in between — took place when some major developments for the company happened. For example, the price started climbing up in August after reports that it reduced OS by 525 million, with rumors that significant moves are being made behind the scenes. At the time, it was rumored that the company was planning a reverse merger, which is exactly what it was doing, as it was discovered later on.

Following that, reports in November emerged, noting that the reverse merger is heating up, especially as the new CEO was affected by massive share reduction. The merger was with a company VeeMost, and by early December 2022, it achieved its 4th advanced specialization. At the time, reports were also praising GDVM as its stock price continued to skyrocket. The stock has been under heavy accumulation from the moment Mr. Melvin Ejiogu, an executive who also acts as President of VeeMost Technologies, became the controlling shareholder. He said:

$GDVM majority control acquired and all outstanding debt purchased. I also purchased 12% of outstanding shares and returned them to the treasury. No dilution will occur. I’ll be sharing updates soon with everyone on our new journey.

His new dilution policy affected a massive share reduction, as mentioned, and trapped the market makers, who were seriously short. The reverse merger stocks have proven that they can be much more explosive than biotechs, assuming that the incoming company has real value. By mid-February, Global Developments became the highest overall rated company in the Shell Companies industry. It had an overall score of 66 while and an average score of 43. This means that, on average, the stock in this industry tends to score higher than 43% of the stock market. However, according to Ejiogu’s tweet published on February 17th, he was working on getting the shell status removed from GDVM.

Global Developments Holdings, Inc (OTCMKTS: GDVM) is a company that provides expert consulting for businesses. It is a principal investment firm that specializes in acquisitions and early-stage financing of emerging growth companies. It describes its service as fast and reliable, and it can help whether its clients need help with finances, advice on theoretical matters, or assistance with practical tasks.

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It has a highly-qualified team that is happy to assist with any needs in both private and commercial spheres. The company is based in Delaware, and it was incorporated on December 9th, 2004, as Autobahn International, Inc. However, in 2016, it rebranded to Global Developments Inc and then once more to Global Developments Holdings, Inc, on September 20th, 2018.

For the time being, the company’s stock is still growing steadily after starting to increase in August of last year. The past price surges, followed by sharp corrections, are fairly normal behavior. Prices tend to surge after beneficial developments, and a sharp rise is always followed by a sharp correction. The positive thing is that the price continues to increase after the correction is over, and the chart above clearly shows that the company continues to thrive under the new leadership. We will be updating on GDVM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GDVM.

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Disclosure: We have no position in GDVM and have not been compensated for this article.

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