Yesterday, IDGlobal Corp (OTCMKTS:IDGC) made a significant announcement but it did not have much of an impact on its stock, which continued to trade within a range.
However, it cannot be denied that stocks which trade within a range can often breakout as well and hence, investors could consider taking a closer look at the company’s announcement. IDGlobal announced yesterday that it was going to start uploading its information on the OTC Markets Platform from tomorrow and it marks a significant step for the company as it tries to be compliant with regulations.
The company noted that the move is going to help it in becoming compliant with the new regulations from FINRA. The Chief Financial Officer of the company Sebastian Dufort also spoke about the developments.
He stated that at this point in time, IDGlobal has been making considerable progress not only in creating more value for shareholders but in taking care of its fiduciary duties as well. In addition to that, he went on to state that the company is also committed to unlock move value for the shareholders by reducing the number of outstanding shares in IDGlobal whenever possible. Investors could consider keeping an eye on the stock.