Health and wellness services providing company Innovative MedTech Inc (OTCMKTS:IMTH) was one of the companies that could be tracked this morning in light of the events from Thursday.
Market Reaction
On Thursday, IMTH stock ended flat at $1.56 with more than 1 share, compared to its average volume of 342 shares. The stock moved within a range of $1.5600 – 1.5600 after opening trade at $1.56.
Innovative MedTech Announces Addition of Seasoned Finance Executive to its Advisory Board
The company was in the news cycle yesterday after it announced that it had made a new appointment to its external advisory board in the form of Bruce McDermott. McDermott is going to be tasked with providing expert advice and guidance with regards to usher in an era of innovative products and growth at Innovative MedTech. Michael Friedman , who is the President of Innovative MedTech, noted that everyone at the company was excited at the possibility of working with veterans of the industry.
In this context, it may be a good move for investors to consider taking a look at the credential of McDermott in order to make up their minds about the appointment. He is a seasoned professional from Wall Street and has extensive knowledge in the world of deal making, capital markets and in investment networks. Hence, the appointment could eventually lead to more investment and deal making at the company. It now remains to be seen if the stock can make a move in the coming days.
Key Quote
“The Company is excited to work with industry leading veterans, such as Mr. McDermott, who bring decades of experience from industry leading companies, such as Deutsche Bank. Mr. McDermott is a seasoned Wall Street veteran whose knowledge of capital markets, deal making experience and network, we believe to be valuable to the Company as it proceeds into its next chapter and seeks growth and expansion opportunities,” said Michael Friedman, President of the Company.
