Despite the profit booking that went on in the Simulated Environment Concepts Inc (OTCMKTS:SMEV) stock on Tuesday and sent it on a decline of as much as 9%, the stock is still up by 11% over the course of the past week. Hence, it could be a good idea for investors to take a closer look at the recent developments and figure out if the decline in the stock could be an opportunity or not.
Yesterday the company announced that its subsidiary company Nitro Holdings LLC bought as much as 88 acres of land and on top of that, optioned 26 acres more from the company Aqua Plantations LLC.
The announcement was a major one considering the fact that the transaction also comes with a customer base, new technology, buildings and some of the equipment that will be needed for culture and distribution of hybrid striped bass.
The President of Nitro Holdings, Bryan Wilkinson, spoke about the matter as well. He stated that due to the sort of expertise, talent and equipment that Aqua Plantations possesses, it will make it possible for Nitro Holdings to become a major player in the Aquaculture Industry in North Carolina.
