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Cybernetic Technologies Ltd. (OTCMKTS:HPIL) Stock Falls 45% in a Month: What’s The Buzz?

Jon Williams , , , ,

Cybernetic Technologies Ltd. (OTCMKTS:HPIL) stock is witnessing a bit of sell-off, extending its monthly fall to 45%. Will the stock rebound after the latest news?

Market Action

In the morning session, HPIL fell 6% to $0.0054. More than 115.70 million shares have exchanged hands, compared to its average volume of 372.68 million shares. The stock opened at $0.0058 and moved in a range of $0.0050 – 0.0059.

Cybernetic Technologies Ltd. (HPIL) Announces the completion of Asset Acquisition Phase and the move to Business Execution Phase.

Here are the highlights:

HPIL Is announcing that it has now moved into the execution phase of its current ventures. “I am excited to announce that HPIL Holding has successfully completed the acquisition of valuable business assets, IP, technology & technologists, etc. in numerous exploding market segments, and is now moving forward aggressively to build our business divisions as we move to the execution phase in each segment.”, said Stephen Brown, Chairman/CEO.

Since taking over HPIL in April, a great deal of time has been spent working thru the issues related to the pre-existing public company. And because there were no assets or businesses in the pre-existing company, we had to diligently work to identify, analyze, and pursue valuable new businesses in the market segments in which we were interested. This has led to HPIL successfully acquiring and integrating our core businesses: World Gaming Group; Apogee Dynamics (Apogee D7 EV) NFT Procurement; Medusa Intelligence and ZIPPA. Today, HPIL announces that each of these businesses are wholly owned and integrated as business divisions within HPIL Holding and no longer exist as separate subsidiary companies. This move is part of providing centralized and efficient support to each business from HPIL for functions including Marketing, Human Resources, Accounting, and more, while at the same time beginning to build infrastructure needed by each unique business to succeed in its market.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.