Robert McWhirter Leonovus Inc LTV-X COMMENT Feb 01, 2013

They make distributed storage. Recently announced a deal with National Bank (NA-T). If National Bank has a number of PCs behind their own firewall, they can use this. Once those are filled up to a reasonable level, they can use extra storage outside of the firewall and into the cloud. It has moved significantly from $.05 to a high of $.16, and is now trading at $.47, as they did a financing of $.50 recently. They introduced blockchain to their technology, so have a very good method of fracturing data. Blockchain allows them transparency and move lots of data quickly, as well as tracing where it went and where it came from. Has raised some money so are now aggressively continuing to build out R&D. By the end of March, they should have a product out there. He would guess this would be an Accumulate in the $.40 range.

It has been around for a while. They announced a contract with a bank. It is interesting with a good CEO. Demand for Cyber security is going up. It is riskier but if you can handle it, it is interesting.

When he was last on BNN, this was trading at $.55, and have done a financing at $.50. He suggested buying it below $.40, and the stock recently traded down to $.32. This company takes information and fractures it, and stores it on an extremely secure basis. They have an added opportunity, working with an outside group, to further enhance that and make it more robust through the use of a blockchain. National Bank (NA-T) is a client, and they are expected to announce further clients on top of that.

Has watched this in the past. This company does distributed, highly secure storage. They are a blockchain company. Their advantage is that they offer a real product (secure storage). Blockchain makes this more secure. Currently they have National Bank as a client and he expects them to add more over the next 3 months. They have new management which is doing well, the stock has dropped from 0.60 and is at a reasonable price. The price ran up (and down) with blockchain stocks, but it is now priced reasonably--unlike many blockchain companies, this one has been at this for at least five years and has existing clients.

This is a small company. He has met with management a couple of times. The CEO is impressive. The company’s technology enables the safe transfer of databases. He thinks it will take time for the company to prove its technology to the market. He does not recommend putting a lot of money into this, but it is a good speculation.

Part of the recent sharp run-up was the ephouria for blockchain earlier this year. They offer shared storage inside and outside the firewall of a company, and can invole the Cloud. Now, they're moving to blockchain which is even more secure. They have a contract with National Bank which will help lift this stock.

They do distributed storage. They are looking at potential contracts with the Canadian government because of secure storage. He thinks it is still somewhat speculative.