There has been no news about ProTek Capital Inc (OTCMKTS:PRPM) at all over many months but in the past week the company’s stock has made a strong move and managed to clock gains of as much as 37%. In this sort of situation, many investors might believe that the rally has been driven through speculative trading.
However, at the same time, it might be necessary to take a closer look at a development with regards to ProTex from back in July this year. Back on July 7 the company announced that ProTek, along with its management, were in the process of filing a corporate action request with regards to its dividends.
The corporation action was supposed to be filed with FINRA and in addition to that, an S1 registration was going to be made with the United States Securities and Exchange Commission.
While the news about filing for dividends was an important one, it is perhaps also necessary to keep in mind that the company also announced that it was soon going to launch some of its more ambitious business developments. The record date for the dividend payout had been established for July 30, 2021.
