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Texas Oil & Minerals Inc. (OTCMKTS:TOMI) d/b/a Golden Triangle Ventures, Inc.

A diversified model focused on multiple high-growth operational premises is rare but attractive. It’s even more rare and more attractive when it happens in a small-cap speculative name because it suggests a feature Peter Lynch used to call “heterogenous functional redundancy”, which basically means: more than one way to win, each dependent on different necessary factors.

It’s like having a diversified portfolio. If something goes wrong, something else will go right. But a diversified model, in a company, works a little different, because companies can take advantage of synergies.

For example, our focus today is an interesting prospect with this feature already built in. Golden Triangle Ventures, Inc., now trading under the ticker “TOMI”, is a player with operations in healthcare, entertainment, and technology, three of the most exciting sectors on the planet now and into the future.

Naturally, all three represent ground-zero facets of the evolutionary leap we are seeing in the way the world works as a function of the pandemic health crisis and its corollary consequences. Technology is driving everything. Healthcare is being completely overhauled, both in terms of the pace of collaborative research and the nature of “visits”, with telehealth emerging as a big winner. And entertainment is being completely reshaped. Just watch an NFL game this Sunday to see how that experience has been transformed.

And – hint – if you think it’s ever going to go back to exactly how it was before the health crisis, think again.

TOMI is a company at the heart of all of these battles. The company is working to get a name and ticker change through FINRA, which entails updating a lot of old filings to get everything current. While that’s going on, we would take a close look at this one because there’s a lot of interesting potential being baked into the cake before most of the world is going to be willing to get excited about it.

That spells potential opportunity, so we thought it would be a good idea to take a closer look ourselves.

 

Symbol:  TOMI
Company:  Texas Oil & Minerals Inc. d/b/a Golden Triangle Ventures, Inc.
Quote:  http://finance.yahoo.com/q?s=TOMI
Latest News: 
http://finance.yahoo.com/q/h?s=TOMI+Headlines
Company Website:
goldentriangleinc.com

 

Who is TOMI

Golden Triangle Ventures, Inc. or “GTV” is a multifaceted consulting company pursuing ventures in the Health, Entertainment and Technology sectors.

The company aims to purchase, acquire and/or joint venture with established entities within these areas of business. In addition, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of different business development objectives. The goods and services represented are driven by innovators who have passion and commitment in these marketplaces.

The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent the three sectors this company aims to do business in.

Golden Triangle Ventures, Inc. executed a merger agreement with Texas Oil & Minerals, Inc. on August 10, 2019 and completed a formal merger in the State of Texas on August 22, 2019. The company changed its name in the State of Texas to Golden Triangle Ventures, Inc. and received a new CUSIP number and DTC eligibility.

Management of GTV immediately moved forward with a formal corporate action with the Financial Industry Regulatory Authority (FINRA) to obtain a new stock symbol and name change. After submitting and satisfying the requests from FINRA over the past year, the corporate action was recently submitted to a secondary counsel inside of FINRA for a final review.

On August 18th, 2020, FINRA responded with their decision to decline the corporate action name and symbol change due to missing 10-Q’s and 10-K’s that were not filed between 1987 and 1997 by the previous management. Golden Triangle Ventures has filed a formal appeal with FINRA and the company expects to prevail after a final decision is made. The company will maintain its current status and continue to trade under the symbol TOMI for the time being.

 

The Model & Segmentation

HEALTH DIVISION. Golden Triangle Ventures owns a company named Global Health Services which operates as a wholly-owned subsidiary under its health division. Global Health Services has a mission to provide solutions to a variety of different businesses in the health sector while maintaining the highest professional standards available. The goal is to help people around the nation with products and services that enhance the world we live in. Management has a strong focus on medical supply distribution and natural health & wellness products.

LAVISH ENTERTAINMENT. Golden Triangle Ventures owns an established concert production company called Lavish Entertainment, Inc. which is a licensed and insured professional Event Organization Company based out of Las Vegas, Nevada. Right now, the Company is strongly focused on the Electronic Dance Music (EDM) market which is one of the fastest growing music genres in the world. The Company has organized many successful events to date and has been in operation since early 2017. The Company rents concert venues, books talented artists from around the world, designs the stage production and promotes the entire event from start to finish. The Company has over 30,000 national followers between all of their social media platforms and has nearly 100 team members that help operate these events. Lavish Entertainment will eventually diversify its organization into all forms of entertainment

HYFRONTIER TECHNOLOGY. Golden Triangle Ventures, Inc. owns 51% of HyFrontier Technologies, Inc. which owns a patent-pending technology called “HyGrO”, a molecular hydrogen and oxygen delivery system for agriculture. HyFrontier Technologies, Inc. has a mission to improve global crop production efficiency by inducing hydrogen directly into the water stream. This technology can be used on any species of plant life and in nearly any grow medium. The system can be retrofitted to well heads for small or large-scale agricultural projects or utilized for a multitude of residential home & garden applications.

 

Catalysts

There really isn’t much to say here because the company is going through the process of getting its identity in the market lined up with its identity as a company, internally. This is not a Texas oil company. It’s a diversified health, tech, and entertainment consultancy with some strong strategic inclinations and some promising operational pursuits already underway.

Once they get past this FINRA hurdle and gain a more cohesive and coherent identity lined up, we would expect the overall story to make a great deal more sense to the rest of the world. But, interestingly, that may be where the real opportunity lies: right now.

One shouldn’t overlook this idea: the company is still just as interesting and promising now as it will be after a name and ticker change. It will still have just as much potential. But it will be easier for people to understand and potentially speculate on. Hence, now may be the most interesting time to take a close at TOMI – before the stock prices in a more superficially palatable packaging in the market.

Tracking the course of this process is important then. With that in mind, according to the company’s most recent update, we can see that the company has been working hard to get current with everything it feels is necessary, as well as engaging in a complicated dialogue with regulators in a good-faith effort to drive value for its shareholders.

In the company’s most recent release, Steffan Dalsgaard, CEO of Golden Triangle Ventures stated, “Working to obtain a new name and symbol change has been one of the most extensive procedures I have ever endured. We have spent countless hours and dollars trying to get past this corporate action change. As frustrated as I am to receive the news from FINRA, I am very happy that we now get to show the world what we have accomplished. The formal appeal has recently been filed with FINRA and we have a plan in place that we will execute if the appeal does not go in our favor. I am beyond excited for the future of our business and I promise that we will not stop pushing for this collective goal until we accomplish just that. Our business is moving forward daily, and I am grateful that we are now able to begin sharing all our developments. I want to personally thank each and every shareholder for their patience during these times.”

 

Technical Analysis

TOMI is integrating its corporate identity into a new vessel following the merger that redefined this ticker last year.

The process has been slow. But the company in play here has been moving forward with its strategic plans under the radar, masked by this incoherent superficial cover. The market finally appears to be catching on that this is not a defunct energy sector play, but a dynamic technology, entertainment, and health care company with a number of catalysts likely ahead.

The stock has broken above its recent range after holding support on a classic MACD bull divergence following a break of its standing bear trend line.

In addition, the float here is just at about 10 million shares, suggesting that this stock has the potential to move rapidly if new interest gets involved.

 

 

About TOMI

TOMI (Texas Oil & Minerals Inc. d/b/a Golden Triangle Ventures, Inc.) is a multifaceted consulting company pursuing ventures in the Health, Entertainment and Technology sectors.

The company aims to purchase, acquire and/or joint venture with established entities within these areas of business. In addition, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of different business development objectives. The goods and services represented are driven by innovators who have passion and commitment in these marketplaces.

The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent the three sectors this company aims to do business in.

 

Key Points:

  • TOMI is undergoing a makeover following its merger to bring in Golden Triangle Ventures, Inc as its primary identity, which introduces a more dynamic company with active commercial operations in multiple high-growth sectors.
  • TOMI has a float of just 10 million shares, suggesting that the stock has the potential to ignite on new interest as a simple function of supply and demand for shares.
  • TOMI is coming off an upside range and trendline break to ignite new interest on a technical breakout as the company lines up current filings.
  • TOMI just recorded a MACD Bullish divergence ahead of its recent breakout, suggesting a technical basing process with upside potential according to our analysis.

 

Conclusion

TOMI is carving out an archetypal basing formation as the company begins to line up potential activity going forward after getting filings current as part of its transformation following the merger agreement last year to shift this story from an energy sector play to one with diversified interests in the golden triangle of health care, technology, and entertainment.

The float is tight at around 10 million shares, and the technicals right now line up to mark an interesting chart with definable risk and potentially unlimited upside as new catalysts loom.

The future is everything with this story. The market is starting to realize this is a different, more dynamic story than it has been over the past couple years. And the fact that FINRA has been slow to “OK” the superficial elements of the story simply create an opportunity for anyone aware of the change in target, assets, and focus as Golden Triangle Ventures gains traction.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email ([email protected]) or his Google+ page (https://plus.google.com/103338576216002376250).



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