Advanced wireless smart venue management technology firm GZ6G Technologies Corp (OTCMKTS:GZIC) was in the news cycle yesterday after it announced that its Registration Statement on Form S-1 was deemed effective by the United States Securities and Exchange Commission.
The registration statement in question is in relation to the company’s plans to raise a total of $5 million by way of which it seeks to develop the business in the future. However, the latest announcement from the company did not come as a boost for the stock, which actually suffered from a selloff and tanked by as much as 3.50%.
In this situation, it might be a good idea for investors to figure out if the decline in the firm GZ6G Technologies stock could actually be an opportunity at this point.
The company also announced that over the course of the next 90 days it is planning to speed up its operations considerably and also raise the capacity with regards to software development. In this regard, it should also be noted that firm GZ6G Technologies is primarily involved with providing venue management technology solutions at venue where that are a large group of people. It remains to be seen if the stock can bounce back today.
