Over the course of the past week, the Trutankless Inc (OTCMKTS:TKLS) stock has been in the middle of significant selling pressure and has declined by as much as 10% as a consequence during the period. While the decline in the stock may be considerable, it is also necessary to note that it could be an opportunity for investors as well.
Market Reaction
On Wednesday, TKLS stock ended flat at $1.23 with 1.5k shares, compared to its average volume of 3.2k shares. The stock has moved within a range of $1.2299 – 1.2400 after opening trade at $1.23.
Sets Record Date and Distribution Date for Spin-Off of Notation Labs, Inc.
On Wednesday, the company announced that it set December 10, 2021 as the record date on which it would distribute the dividends for the common shares of Trutankless. The company noted that the dividends would be paid out to the company’s shareholders in order to reflect the fact that Trutankless and Notation Labs Inc had been split into two separate companies.
In this regard, it is necessary for investors to keep in mind that both the companies are going to be fully reporting entities to the United States Securities and Exchange Commission. All those investors who are going to be shareholders in Trutankless as of December 10, 2021 are going to be eligible for the dividend pay out. Hence, it is going to be interesting to see if there is greater interest in the stock in the days leading up to that deadline.
