Cybernetic Technologies Ltd (OTCPk:HPIL) closed the last trading session at $0.0043 after being down -8.51%which brought its market cap down to $2.61M. Cybernetic stock traded 1.11B shares recently, greater than its average daily volume of 317.57M. Additionally, HPIL stock has traded between $0.0037 and $0.0054 on the day. There are 8.94B outstanding shares vs. 7.00M float for pink sheets. HPIL stock fell despite its plans for electric vehicles.
What was HPIL’s electric vehicle plan?
In addition to developing projects with cutting-edge technology, Cybernetic is a worldwide diversified company. HPIL is a Canadian technology company specializing in technology development. HPIL offers GAMEZCASH and TUNEZCASH, which are used as currencies in esports/gaming and online music businesses. As of May 2021, HPIL is now known as Cybernetic Technologies Ltd., having previously been known as HPIL Holding.
“APOGEE D7” is the name of the vehicle that Cybernetic has decided to develop with L Ferrox Tutinean and Apogee Dynamics Ltd.
- HPIL plans to introduce a 4-seater vehicle that uses the new Apogee powertrain as well as having as many as 10 partners.
- Each HPIL partner will use DISRUPTIVE business models that challenge current automotive business models in Technology, Green, Materials, and Media.
- HPIL’s vehicle will bear the imprint of all its partners and will function as a result of their efforts.
- As part of HPIL’s efforts, the Apogee D7 website is planned to be completed within 45 days.
- Cybernetic and a group led by Mr. Tutinean have launched Apogee Dynamics Ltd, a company in which HPIL owns a majority stake.
- This ground-breaking technology was developed by Mr. Tutinean, who has an impressive background with the US Navy and Marine Corps that spans a combined 22 years.
- Tutinean is a member of MENSA, an organization in which only 2% of the population is eligible.
- HPIL named Mr. Tutinean as the President of Apogee Dynamics Ltd.
HPIL’s other developments:
This month, Cybernetic (HPIL) announced it had acquired World Gaming Group Inc, that has been doing blockchain projects for the past 18 months, and that has developed a new currency for gaming and music markets. Furthermore, Stephen Brown, CEO of HPIL, announced that monthly shareholder meetings will continue at 2:00 PM PST on July 2, with hope for much greater insight for HPIL and an even more organized event.
