It was a pretty eventful week for Cybernetic Technologies Ltd. (OTCMKTS:HPIL) last week and that was reflected in the price action in its stock as well. Last Wednesday, the company announced that its application to the OTCIQ had been approved and it had also become effective immediately.
It was a major development for the company and hence it was no surprise that the HPIL Holding stock ended the week with gains of as much as 20%. Considering the magnitude of the gains made by the HPIL stock last week, it might be a good move for investors to take a closer look at the development.
The Chief Executive Officer of the company Stephen Brown also spoke about the current status of HPIL Holding as a holding company. He stated that HPIL Holding is going to continue to be the parent company of Medusa Artificial Intelligence, NFT Procurement, World Gaming Group, Apogee Dynamics and Cybernetic Technologies.
He went on to state that he was proud of the accomplishment of the company within a relatively short span of time. Brown also noted that the company is going to continue with an aggressive business strategy while being transparent at the same time.