Today marks the first day traders can get their hands on the newest penny stock focused on the app market, GlassesOff Inc. (GLSO). Set upon helping users to have better squint-vision, GLSO stock, priced at around $1 per share, the focus of the Israel based company is to improve age related vision deterioration from Presbopia – farsightedness. As farsighted as it may be to look for revenues to eventually show up, the Company’s published study on how subjects achieved a 10 year improvement in eye age, often no longer requiring reading glasses, could make this one a game changer.
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GLSO Stock Quote
Market Cap: 64.18M
Friday Close: 1.00 ▼ -0.10 (-9.09%)
Issued and Outstanding: 64,184,828
14-Day Rel Strength: N/A
1st Resistance Point: 1.0733
1st Support Level: 0.9633
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Known until last week as Autovative Products Inc. and trading as ATVP, GlassesOff completed their $3.1 million merger on Tuesday and is set to debut as GLSO at some point today. Although the Company expects its research and development expenditures to increase most significantly in the near future in connection with the development efforts for new devices, new operating systems and potentially new product applications, the proof that they have made farsightedness go away from using their non-invasive, pure software solution could be a huge addition to the rapidly growing self-healthcare market.
How it all works is pretty mind boggling. The GlassesOff software teaches the subject using their app to detect patterns called Gabor patches (blurry lines created by varying a gray background). Once the training has begun when the user stares at a white circle on the screen, a series of patterns begin to appar which forces the user to determine which pattern has appeared at the same spot that the target did.
It’s actually quite simple when you consider that the brain is basically another muscle of the body and will perform as it is taught to over a series of repetitive patterns. According to the reports, as the vision of the GlassesOff user begins to improve, the software adapts the orientation of patterns, speed and position. 3 months, or about 40 or so training sessions later, the volunteers who averaged around 51 years old reported reading 2 lines further down optical charts and taking less than half the usual amount of time to read through a single newspaper page.
News like this is what penny stocks focused on the app market need if they have any real chance of succeeding.
As for GLSO stock, at $1 it seems to be a bit high considering that downloads of the app are going to be required before the Company can begin to monetize it. However, even with the numerous risks, uncertainties, and other factors involved in penny stocks like GLSO, the reward of an eventual uplsting on to the NYSE MKT or the Nasdaq Capital Market cold make long risk takers a fortune.
About GLSO Stock
GlassesOff, Inc. is a development stage healthcare software technology company utilizing patented technology to develop and commercialize consumer-oriented software applications for improving near vision sharpness, by improving the image processing function in the visual cortex of the brain.
Last 5 Trading Sessions:
Keep an eye out for GLSO to begin trading before adding it to the list of penny stocks to watch. Shares of GLSO stock already began trading last week while it was still ATVP, but with some fresh eyes on it now, a return to the $1.35 range this week is not so far out of sight.
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