Over the course of the past month the stock of the ethical technology firm Bubblr Inc (OTCMKTS:BBLR) has been in the middle of a downward spiral and during that period, it has declined by as much as 25%.
However, at the same time, such declines can often be an opportunity as well for investors and hence, it might be a good idea to take a look at an announcement from the company yesterday. Bubblr, which is involved in developing and commercialising mobile technologies, announced yesterday that it signed a letter of intent with the Fintech company Obrenza Ltd.
The letter of intent is related to an investment and also an option by way of which the business could be acquired. It is an interesting move from Bubblr and one that could bring it into focus among investors in the coming days.
It should be noted that Obrenza has been awarded FCA status as an Authorised Payment Institution through one of its fully owned subsidiary companies. It should be noted that getting FCA status is often quite difficult and take many months in most cases. It now remains to be seen if the signing of this letter of intent by Bubblr leads to any traction for the stock.
 Stock is Under Pressure: What’s The Buzz?){kind=link}