Hello Members and Happy Sunday! Matthew and I hope you are having a relaxing weekend and gearing up for the work week ahead.
Last week was relatively quiet in the world of nano/microcaps, but this is expected more often than not since the companies we invest in are (generally) not owned by institutions and are not subject to high volume trading. As an investor in these companies "quiet" is a good thing as we can sit back and expect that management of the companies we invest in are executing on their game plan and vision. What we can never do, however, is become complacent. Always researching and learning as much as we can about the companies we own is crucial in order to achieve success.
Not many updates this week but there were a few noteworthy events on our portfolio names that will be noted below.
Portfolio Positions Update
Kelso Technologies (KIQ, KLS.TO): Kelso published a Press Release this week pertaining to an alliance with Carolina Seal Inc. to offer an industry-first warranty program for Kelso's Pressure-Relief Valves (PRV's). This is a great show of confident by Kelso management and further solidifies the company as one that manufactures high quality products.
Ackroo (AKR.V): On Thursday I sent out a note to members noting that I added to my position in Ackroo around .22/share. I am more than comfortable adding to my position around the levels. As Matthew previously noted there are several potential reasons why the stock may stay around these levels or a little lower through October, but after that point we expect a gradual rise in shares, with significant upside potential as we approach Q4 2015/Q1 2016.
Brekford (BFDI): Big news from Brekford this week as they were one of three companies (out of 10+) that were selected to be part of a Pilot program in Baltimore for police body cameras. If they perform the best out of the 3 companies selected they will be awarded a 5 year contract with the city that could be worth around $15-20 million over the 5-year period.
Beamz Interactive (BZIC): I hope you guys enjoyed the article on BZIC that I posted early last week. I am happy to address any questions you may have about this company and awesome opportunity.
Microbix (MBX.TO): My patience has finally run out; I will be selling Microbix on Monday. I believe in the company and the products, but I am beyond frustrated in the time it has taken them to commercialize several of their key products. I may miss out on significant returns with this one, but I would rather add some cash to my portfolio to take advantage of other opportunities as they come up.
Biosyent (RX.V): A quiet week for this one. Nothing to report of significance.
OneSoft Solutions (OSS.V): As mentioned last week, Matthew posted his article to several other outlets to try to garner some investor interest in this one. It's an exciting little company in its very early stages, but certainly one with some risks.
Ackroo (AKR.V): See above.
XPEL Technologies (DAP.U): There was some pretty decent buying in XPEL this week as investors are taking advantage of this significant pullback. As you guys know, Matthew is a huge fan of this company, and for good reason.
Kelso Technologies (KLS.TO): See above.
As always, if you have any companies you want us to consider for the Watch List, please let us know.
Thanks for being a member-- we really appreciate it and are enjoying this very much!