Over the course of the past month advanced laser monitoring system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers. However, this past Friday, the stock declined by 20% amidst a selloff in the stock.
However, in this context it is also necessary to point out that the stock is still up by as much as 150% over the past month. While a range of developments has led to the rally in the stock, the company came into focus again after its Chief Executive Officer Dennis O’Leary appeared Stock Day Podcast and discussed different aspects of Dark Pulse.
During the course of the podcast, O’Leary spoke about the decision from board members and management to forego salaries. He went on to state that the management is looking to run an extremely lean and efficient operation.
On the other hand, he also spoke about the contents of the recent letter that had been addressed to the shareholders. O’Leary noted that there was still some space to make some acquisitions and went on to state that Dark Pulse will be looking into the possibility of acquiring companies which actually generate revenues. It remains to be seen if the stock manages to recover on Monday.
Market Reaction:
On Friday, DPLS stock fell 9% at $0.1470 with more than 84.14 million shares, compared to its average volume of 98.36 million shares. The stock had moved within a range of $0.1420 – 0.1749 after opening the trade at $0.1700. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.2020.
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