Industrial Nanotech Inc. (OTCMKTS:INTK) jumped 42 % and 160% last week. Then nanotech innovation and product development firm announced it would hold a virtual shareholder event in November 2021 to unveil new divisions, new product lines, and brands, as well as its timeline and pans to move to a senior exchange. In addition, the company’s CTO/CEO, Stuart Burchill, said that the company has already completed the prerequisites to meet the SEC 15c2-11 regulation as per the September 28 deadline.
Stuart added that the company is planning its strategies to launch innovative and new product brands and continue the process of boosting shareholder value by moving to a senior stock exchange with enhanced reporting requirements.
As a result, this will expand the company’s presence globally through the addition of distribution and manufacturing facilities across Asia and Europe. Stuart said that the November virtual event to current shareholders and investors would include a Q&A session with the company’s key management. Ahead of the launch of new products and divisions, INTK is worth keeping an eye on.
Market Reaction:
On Friday, INTK stock went up 42% at $0.0122 with more than 24.08 million shares, compared to its average volume of 4.83 million shares. The stock has moved within a range of $0.0091 – 0.0122 after opening the trade at $27.23.
