COPsync Inc

Why COPsync Inc (NASDAQ:COYN) Comes In The List Of Buzzing Penny Stocks?

COPsync Inc (NASDAQ:COYN) shares price declined more than 29% in the last trading session, after the company reported that it has finalized a securities purchase deal to buy 1.96 million shares in a registered direct offering and simultaneously sold warrants to buy 1.96 million shares to the same investor. The total combined buy price for one warrant and one registered share is $0.57 or a total of almost $1.1 million.

The registered direct offering and simultaneous private placement are anticipated to by February 21, 2017, based on customary closing conditions. The firm intends to use net proceeds for expansion of marketing and sales, working capital, continued product advancement and network enhancement. This decline in the stock offers an interesting point to invest in this penny stock.

The outlook

COPsync released a positive business outlook for its key products. This promising outlook stems from the firm’s record 2016 sales bookings, which marks strong sales bookings so far in 2017 and changes in guidelines expected to come from the Trump Administration. This is a major reason why COPsync is in the analysts suggested list of buy penny stocks.

The strong 2017 sales bookings, in part, from the firm’s new sales plan of cooperating with law enforcement and school influencers and subject matter experts. This new sales plan has reduced the sales cycle and improved sales velocity.

Besides increasing domestic demand for COPsync products, the firm has seen interest in its services and products in the Caribbean. A recent press release noted the objective of the City of Arecibo to broadly deploy the firm’s services and products and thereby get the label as the Safest City in the Caribbean.

Additionally, the Trump Administration is projected to promote policies that support law enforcement and border security. Since COPsync’s services offers indisputable value in these areas, the new administration policies are projected to create a robust tailwind to lift the overall increasing sales momentum.

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