Ameritek Ventures Inc (OTCMKTS:ATVK) Stock Soars 18% As OTC Markets has Removed the Caveat Emptor;

Emerging technology provider Ameritek Ventures Inc (OTCMKTS:ATVK) is involved in robotic technology, machine learning, artificial intelligence software and blockchain cloud software. It offers those products to governments and enterprises.

Trading Data

On Friday, ATVK stock moved up 18.39% to $0.0103 with 11.19 million shares, compared to volume of 1.57 million shares. The stock moved within a range of $0.0086 – 0.0132 after opening trade at $0.0096.

Ameritek Ventures, Inc. Announces OTC Markets has Removed the Caveat Emptor; ATVK is SEC Fully Reporting Company

Last Friday the company announced that the Caveat Emptor warning on its profile page had been removed by the OTC Markets. The warning was removed after the Form 10 from Ameritek Ventures became effective. The company also noted that it had become a fully SEC reporting company as well after it received no comments from the agency. It was also announced that it had also cleared its Form 211 from FINRA.

It was a major new development for the company and it would be interesting to see if all these positive developments lead to any traction for the Ameritek Ventures stock. Dr. Shaun Passley, the Chairman and Chief Executive Officer of the company, spoke about the developments as well. He noted that Ameritek Ventures was a exciting turnaround story. He went on to note that the company had also been busy on some new ventures which would help in generating new streams of revenue. The company is planning to launch upgraded products as well as new ones throughout the course of 2023.