In light of the latest development it may be a good time for investors to consider keeping an eye on the Greenlite Ventures Inc (OTCMKTS:GRNL) stock this morning. The company came into the news cycle yesterday after it announced that it had reached an agreement by way of which it made Matthew Cohen the new Chief Financial Officer.
On Thursday, GRNL stock ended flat at $0.4100 with more than 36.60K shares, compared to its average volume of 7.71K shares. The stock moved within a range of $0.3800 – 0.4200 after opening trade at $0.4000.
Greenlite Executes Agreement with Chief Financial Officer
The position is particularly important for Greenlite Ventures as it works towards becoming a fully reporting company to the United States Securities and Exchange Commission. Cohen is going to be responsible for the management of all the different financial reporting work related to becoming a fully reporting company.
The financial reporting in question is also going to include the yearly audits and the various financial statements which are going to be put into the application form meant for the SEC.
In addition to that, he will also work on the reviews of all the financial data which would go into the SEC application forms which would be vital to the filings. In addition to that, Cohen would also be in charge of developing the accounting and operational procedures and processes. It now remains to be seen if the Greenlite Ventures stock gains any traction among investors or not.