Considering the fact that there has not been any news about 3D Pioneer Systems Inc (OTCMKTS:DPSM) for many months, it was perhaps no surprise that the stock was trading within a range on Thursday.
However, at the same time, it is also true that stocks trading within a range can also break out strongly and hence, it could be a good idea to take a closer look at 3D Pioneer Systems. The last time any news emerged about the company was back on June this year when the company announced that it had been successful in completing the agreement for the acquisition of all the outstanding and issued shares in Host Group of Companies.
Host Group is based out of Brisbane, Australia and is best known for its data centre and for providing hosting services. As per the terms of the agreement, 3D Pioneer Systems acquired all the outstanding and issued shares in the company for a sum of AUD 3,500,000.
That worked out to an amount of $2,640,000 at the time. In addition to that, it should also be noted that 3D Pioneer Systems also issued a total of 3,771,429 units of its shares to those who are registered owners of Host Group of Companies.
