Cybernetic Technologies Ltd (OTCMKTS:HPIL) fell 42% last week after announcing the approval of its OTCIQ application. Following the approval, CEO Stephen Brown said that the company would remain as the holding parent of NFT Procurement, Apogee Dynamics, Cybernetic Technologies, Medusa Artificial Intelligence, and World Gaming Group.
The company received approval on August 10, 2021, with the OTCIQ Agreement form sent to the CEO via DocuSign. Brown said they are delighted with the accomplishments within such a short space of time, and the company will continue its transparent but aggressive business expertise.
Recently the company announced that NFT Procurement, which controls 51%, had entered a partnership deal with Origin Protocol collaborating on NFTs mining in Origin’s Platform. The minted NFTs will be available for sale to third parties on a platform Origin will create and host but showing NFT Procurement’s IP on a dot.com subdomain owned by NFT Procurement Ltd.With the NFT Procurement partnership HPIL is worth keeping an eye on.
Market Reaction:
On Friday, HPIL stock fell 15.20% to $0.0051 with more than 608.65 million shares, compared to its average volume of 406.07 million shares. The stock has moved within a range of $0.0046 – 0.0063 after opening the trade at $0.0063.
