Epazz Inc (OTCMKTS:EPAZ) is an extremely interesting new player on the chess board in the sports betting space, and may fit exactly that bill (a potentially ripe spot to look for huge price-per-share growth). In this case, we are looking at a blockchain solution for fantasy sports gambling that could be a game changer.
One of the most interesting reasons to keep this stock on the radar right now is the combination of a small trading float (under 20M shares), the fact that this ticker is trading at just about a nickel per share right with miles of blue sky above, and news that the company just filed a provisional patent for a blockchain Fantasy Sport Gambling Solution.
The big problem with the recent Supreme Court decision mentioned above is that we suddenly have fifty separate state laws on fantasy sports betting. We know most folks won’t have any idea what they can and can’t do. The company is looking to solve that to enable people to participate in fantasy sports gambling within the law.
From a bird’s eye view, the company specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software with over 500 repeat customers. New Bitcoin Mobile app is a financial technology company that offers a unique Bitcoin and Ethereum payment mobile app software, allowing consumers to acquire Bitcoin at the point-of-sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease.
Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired eleven software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz’s technology. Epazz then markets the new cloud-based solutions to new and existing customers.
The action in the stock has been constructive over the past year, with shares working through what appears to be a healthy consolidation amid a new bullish trend that got started late in 2017. The stock is up about 250-300% since that time.
If shares move back above the $0.08/share level, then they will be trading back solidly above the stock’s key major moving averages, perhaps signaling the onset of a potential next leg higher in the trend.