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Tom Shaughnessy is a MicroCap analyst focusing on extremely under-the-radar companies. Tom's focus is technology companies, with a strong emphasis on management teams, the opportunity for viral growth, low institutional ownership, high margins and high recurring revenue. Tom ... more

BeWhere Holdings: A Pulsing, Immutable NanoCap Growth Story

Date: Friday, June 3, 2016 3:00 AM EST

BeWhere entered into a contract with SecretCaps LLC after our original posting of the original version of this report on May 2, 2016, we have since updated our report. Moving forward, SecretCaps is being compensated twenty-five hundred dollars a month under a two-month campaign awareness program.

Overview:

BeWhere Holdings (BEW.V or GNCKF) is a ~5.84M CAD NanoCap company trading on The TSX Venture exchange. The company is the first to market a beacon solution providing a long range (250 meters to smart phone) weather proof enclosure (IP68 rated) and feature rich functionality using low-energy bluetooth. The offering is an alternative to the more costly RFID technology in the market today. The target use is innovative tracking, inventory management and asset tracking for business users.

BeWhere is nowhere on anyone’s radar, its unknown offering a first-mover investing opportunity, yet far along with businesses in a short time period since its reverse takeover only 6 months ago. With ~100 pilots underway, and industry giants as partners the company is ripe for upside potential.

BeWhere is reminiscent of one of the first MicroCaps I ever invested in, a tracking company called ViryaNet which eventually got acquired.

Pilots, Agreements, Catalysts:

The company is currently focused on the B2B market since it is too time-consuming to train consumers as end users, in comparison to business users. Currently the company 50-100 pilots the market where businesses are testing their beacon technology. This is a substantial feat for a company that has only been live for ~3 months since their RTO , and 6 months total. Pilots take 2-6 months to complete so we should see some purchase orders for beacons in the coming months.

Recently, BeWhere announced that Bell, the largest wireless company in Canada, will offer BeWhere’s beacons to their customer base. The reselling agreement is in place, and BeWhere is hopeful to begin sales to Bell’s customer base over the next several months.

Interestingly, giant Fleet Management companies such as GeoTab, whose devices track over 450,000 vehicles, are not squashing but coming (page 6) to BeWhereholdings to partner for their technology. As the word’s largest providers for GPS and telematics for fleet management services, GeoTab saw the value in partnering with BeWhere.

The pilot with GeoTab has been underway for 6+ months, so management is expecting GeoTab to begin re-selling BeWhere’s beacons very soon. The goal is to integrate with GeoTab’s services and is expected to be completed in 3-6 weeks, then we will see sales from that channel.

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Robert Dawson 3 years ago Member's comment

Interesting, thanks.