Date : January 3, 2018
New Opportunity: Innocap Inc. (OTCMKTS: INNO)
We are firmly in the grips of a monster run right now, with 8 of our last 9 picks moving for big gains. The key has been to remain very selective, and only move on setups that contain the possibility to rev up into something big based on strong signals on the chart along with a narrative in place that has the potential to drive a ton of buzz once the crowd catches on.
In other words, we like to get setups on your radar ahead of the big moves. Our newest pick is a perfect example: INNO is an exciting story that pairs up a narrative with massive potential for huge financial gains for a company with a chart that is showing clear signs of increasing accumulation under the surface.
This one is literally a treasure hunt!
Company: Innocap Inc.
Latest News: http://finance.yahoo.com/q/h?s=INNO+Headlines
Company Website: http://www.innocap-inc.com/
Who is INNO
Who is INNO
According to company materials, in May 2011, Innocap Inc. (OTCMKTS: INNO) entered into agreements with its new President, who brought the company a new business plan of finding and assisting in the salvage of sunken ships. The company’s new President, Paul Tidwell, apparently devotes full time to implementing the new business plan. He reportedly has extensive experience in finding and salvaging sunken ships.
Some of his activities have been filmed and shown on networks like the History Channel and Discovery Channel.
The company reports that, to accomplish this new business plan, it will have to raise substantial debt or equity capital or conduct projects jointly with other parties who provide project funding since each project is likely to require several million dollars. Each project will require a surface vessel and crew, small submarine, salvage equipment and sophisticated cameras and filming equipment.
Since May 2011, Paul Tidwell has been working to identify the specific projects that the company will attempt to undertake initially and seek financing for those projects. As part of those plans, the company will consider applicable maritime and international laws concerning the ownership of any recovered items. The company also considers projects that may be attractive for the sale of video rights to the search and recovery efforts.
As we have noted, the company is in the midst of a pivot into the treasure hunting game. Management has painted a narrative involving a change in leadership to a man with obvious experience and success at this venture.
The company recently put out a presser detailing its plans going forward, and further carving out its narrative surrounding its new leader: According to that piece, Mr. Tidwell has more than 25 years of experience in this area including, prior to joining Innocap, having met with and negotiated salvage contracts with officials of many countries, including Oman, the People’s Republic of China, Japan, and Guyana. He has been involved in many recoveries including the deepest known recovery dive to date.
Other sources that have covered or referred to Mr. Tidwell’s exploits include: The hardcover book, Silent Killers: Submarines and Underwater Warfare, by James P. Delgado and Clive Cussler, Battleground Atlantic by Richard Billings, The Universe Below, by two-time Pulitzer prize winner, William J. Broad, and Sunrise Cartel by Robert Wernli.
In other words, this guy is the Real Deal.
The company also recently announced that Mr. Tidwell is completing the formal presentation that he will make to senior Indonesian officials and P.T. Makitech (Innocap’s associate in Indonesia).
The purpose of the presentation is to complete discussions to determine whether acceptable terms can be reached giving Innocap the right to undertake an exploration to locate and salvage the Flor de la Mar, a Portuguese ship that sank in 1511 off the coast of Indonesia with a rumored large cargo of treasures. The Flor de la Mar has been the subject of many writings and legends.
Finally, and perhaps most importantly, the company just put an 8-K filing detailing the fact that it has entered into an agreement with Solar Resources Inc., a company in Singapore, to assist Solar to recover a large shipment of tin from a sunken ship that is believed to be in the waters between Indonesia and Malaysia. An investor, who is a minority shareholder in the Company, provided the $200,000 needed by the Company to participate in this contract.
The parties of the agreement have also agreed to use a portion of the proceeds from the salvaged assets equal to $600,000 to recover another cargo believed to have sunk off the coast of the Philippines. The Company will receive 40% of the proceeds of the salvaged cargo after payment of all expenses related to the salvage effort. The salvage project will be started within two weeks of the signing of the contract.
So, clearly, the project is moving forward fast. And it may just be a matter of time before we see more concrete results from this venture. For investors, that will be too late to get the big piece of the pie.
The pattern here is a strong Ascending Triangle Pattern. We have a clear set of higher lows coming to a head along a single breakout level at $0.02/share. A breakout above that level could potentially set off a powerful feedback loop of cascading buying.
And, with a float of just 33M shares, INNO could see enthusiasm feed on itself just like it did back in January, when a very similar setup boomed into a 1000% single-day breakout.
INNO (Innocap Inc.) a company that In May 2011 the Company entered into agreements with its new President who brought the Company a new business plan of finding and assisting in the salvage of sunken ships. Our new President, Paul Tidwell, devotes fulltime to implementing the new business plan. He has extensive experience in finding and salvaging sunken ships. Some of his activities have been filmed and shown on networks like the History Channel and Discovery Channel. To accomplish this new business plan, the Company will have to raise substantial debt or equity capital or conduct projects jointly with other parties who provide project funding since each project is likely to require several million dollars. Each project will require a surface vessel and crew, small submarine, salvage equipment and sophisticated cameras and filming equipment.
Since May 2011 Paul Tidwell has been working fulltime identifying the specific projects that we will attempt to undertake initially and seek financing for those projects. As part of those plans we consider applicable maritime and international laws concerning the ownership of any recovered items. We also consider projects that may be attractive for the sale of video rights to the search and recovery efforts.
- INNO has pivoted into the salvage of sunken treasure projects with an expert in this area at the helm.
- INNO has a small trading float of just 33.3M, which suggests the stock could launch higher on any additional influx of interest.
- INNO is now pursuing a major project in Indonesia with the potential to return huge proceeds in short order.
- INNO is coming off an RSI trough under 42, pointing to a massively oversold stock now heading back the other way.
- INNO recently logged a 1,000% single-day upside move as technical and fundamental catalysts lined up. This stock can move!
- INNO is tracing out a key bullish ascending triangle pattern with the potential to lead to a possible major upside breakout.
This is a pivot, plain and simple. The company is now on a course that could intersect with huge windfall profits. And the man at the helm has significant experience in its current pursuit, with coverage in the press and on major media networks. Mr. Tidwell appears to be the real thing.
And the chart is starting to show this prepotency. With a small float, a breakout here could have the potential to extend into a major momentum move. If that is augmented by positive news from the company’s Indonesia front, then the sky is the limit on this one. Hesitation could be the enemy of profits for traders and speculators in this pure play treasure hunter setup.