The NASDAQ is up big this morning and VerifyMe (VRME) appears ready to make a huge move higher. Yesterday, VRME surpassed both its short and long-term key breakout points plus its 100-day moving average. VRME's private placement in February was priced at $5.30 per share, which is 27.71% above VRME's current price of $4.15 per share. When VRME previously surpassed its long-term key breakout point of $4 per share in January, it exploded in the following weeks to a new all-time high of $6.40 per share. VRME only has 7.427 million shares outstanding for a market cap at $4.15 per share of $30.82 million. VRME has a net cash position of $15.28 million. VRME's enterprise value is only $15.54 million when it has the most advanced counterfeit detection technology on the market with revenue growth of 104.3% last quarter on a year-over-year basis! VRME is co-sponsoring a $100 million+ SPAC called G3 VRM Acquisition Corp. that will soon go public on the NASDAQ at $10 per share. Considering that VRME paid less than 1 penny for its 1 million+ founders shares it will instantly be up over $10 million following the IPO!
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