Massive Capital Commitment Agreement Pushed These Shares Higher

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, May 18, 2022

A rather small company from a market cap perspective (coming in sub $1 million total value) turned a lot of heads on Wednesday after this micro cap announced that it had secured a whopping $CAD 32 million capital commitment from GEM Global Yield LLC SCS for a 36-month term following the public listing of the Company's common stock on the Canadian Stock Exchange (CSE), according to the release. This sent shares of Cybernetic Technologies Ltd (OTCPK:HPIL) rallying during Wednesday’s session.

HPIL Holding is a worldwide diversified company developing projects with innovative technology. The company has a well-versed project slate such as Apogee Dynamics, World Gaming Group, Medusa Artificial Intelligence, NFT Procurement, ZIPPA and Humm Token.

As previously mentioned, traders appeared to be bullish on the news as shares rallied up to $0.0012/share (+33.33%) at the mid-session high.

Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.