COVATA being awarded the Tier 2 top secret classification on G cloud 8 and being THE ONLY FILE SHARING APPLICATION with this approved status across the UK Govt is the biggest news till date for Covata. I was waiting for it and here it is. We know that this opens Covata to 5.35 million employees in UK govt and public sector alone. Govt + premium priced at 25 to 29 pounds per user per month and Govt + pricing increased to 8 to 10 pounds per user per month. This means they have bloody nailed this. And I am not surprised cause they have ATO as their client and CISCO on their side.
The potential implications of this exclusive certification would be most likely as follows :
1] Revenue from UK Govt: This alone would be in millions and millions of pounds, covert this to aussie dollar and if you hold this tight for next six months you will take home a big profit.
2] Multiple interests from the insurance, biotech , retail sector which loose billions and when I say billions I mean billions of dollars due to cybersecurity attacks each year.
3] Interests from other European countries and european agencies. With the benchmark granted to covata it will be highly sought after with the same pricing to that of UK.
4] Interests from asian countries: Do not forget govt in asian countries and Lat america as well.
The manager from CISCO joining Covata was a well planned move by CISCO and Covata. CISCO has already made it clear that it has big plans for cybersecurity and that acquisitions in cybersecurity are coming. Those who are ready to wait for a year or two this could be ten bagger for them cause the way I see it covata now has acquisition written all over it. Nikki wants it, TT wants it and its going to happen once 4 year deal with CISCO ends.
This is how this is going to play out from now on hot copper :
People from no where are going to come to hot copper and comment about revenue. They will have names like wobblyboots, unluckybacs, unlucky13, friday13 etc or some guy with a weird profile photo. These guys come here with a laid out plan for next 6 to 8 months. When they get the strong signal that the company is now going to perform well they come here from the middle of no where and desperately try to instill doubt in the minds of shareholders about the revenue of the company. They will keep popping up questions about the revenue and will not acknowledge the massive deals signed by the company or solid groundwork done by the company. Whatever you tell them they will cry revenue. Their only purpose is to buy shares at this price level and sell it for a profit after few months. Covata always said they will focus on signing the deals first. They also said that they were expecting to see revenue from 2016 end onwards. To such people my response is please don't tell me to do the research I have done enough research on covata. I AM NOT SELLING MY STOCK AFTER UK GOVT EXCLUSIVE CERTIFICATION.
GET READY FOR THE RIDE PEOPLE SOME SERIOUS REVENUE IS GOING TO COME TO COVATA WITH THIS DEAL. To all those who held good luck and get ready....the train is departing CHOOK CHOOK CHOOK CHOOK....
CVT Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held