It was a pretty disappointing day in the market for investors in Renavotio Inc (OTCMKTS:RIII) as the stock crashed by as much as 16% following a selloff.
The company, which owns two separate subsidiaries involved in diverse sectors like 5G, Internet of Things and Utility construction among others, shared its views with regards to the federal infrastructure bill yesterday. The bill is worth as much as $1.2 trillion and hence, the thoughts of the company regarding that are important for its shareholders. Billy Robinson, who is the Chief Executive Officer of Renavotio, spoke about the federal infrastructure bill and the company’s thoughts about it.
Robinson stated that Renavotio is excited about the prospects of the bill and expressed his optimism with regards to the fact that it is going to be eventually turned into law.
Once that happens, much of the funding is going to start flowing to a range of infrastructure projects. He stated that in the eventuality of the bill passing, Renavotio has already built the groundwork by way which it seeks to further growth its stature as an infrastructure company. He went on to state that the passage of the bill could also throw up acquisition opportunities for Renavotio.