Even if a stock moves within a range, there is always the possibility of the same stock breaking out and hence, it might be a good idea for investors to not totally overlook such stocks.
On Tuesday, the Bantec Inc (OTCMKTS:BANT) stock was trading within a range but that was perhaps not surprising considering the fact that there has been no news about the company in recent days. The last time any news emerged about the company was back on September 24 this year when the company made an announcement with regards to the fact that it had retained a patent attorney.
The company announced that it hired the services of the patent attorney Michael Blake who is going to be involved in the process related to Bantec’s plan to monetise one of its United States patents for Drone Operated Package Delivery Receptacle. The patent in question is U.S. Patent 10,147,067.
Michael Bannon, who is the Chief Executive Officer and Chairman of the company, noted that Blake had decade’s worth of experience as a patent attorney and will allow the company in challenging companies which may have been infringing on the patent. Investors could do well to keep an eye on Bantec at this point.
