Cantech Holding Inc. (OTCMKTS:BSSP fell 45% without any news. However, recently the company announced an update to its corporate fillings on the OTCIQ system with pans to be OTC compliant through maintaining the Pink Sheet current status. Retaining the status will help the company establish a successful path towards redesigning corporate identity to acquire operating assets in a holding company.
Previously, Cantech’s focus was on ground-breaking innovations for the pharmaceutical and medical industries. However, recently, the company changed its focus following approach with numerous opportunities in different sectors, resulting in the company’s management moving the company from dormant status to develop and procuring a strategy that will enhance shareholder value.
The shift in strategy will seek the company to focus its energies in sectors showing considerable potential and exponential growth through operating assets acquisition. This will allow the company to diversify and grow at the same time enhancing shareholder value. So, BSPP is worth keeping an eye on in the coming days.
Market Reaction:
On Friday, BSSP stock slumped 44% at $0.0005 with more than 180.58 million shares, compared to its average volume of 103.37 shares. The stock has moved within a range of $0.0004 – 0.0008 after opening the trade at $0.0008.
