Net Element stock (NETE) is absolutely soaring today. Net Element stock has seen a number of major moves in pricing in recent months.
Net Element stock made big moves after first announcing a blockchain move.
Net Element in December launched a blockchain-focused unit to house a decentralized crypto-based ecosystem.
The ecosystem will help create value-added services to connect merchants and consumers efficiently through blockchain tech.
Net Element partnered with Bunker Capital to develop and deploy the blockchain solutions. However, that move was terminated
Just two days ago Net Element stock moved because
Net Element terminates plans to work with Bunker Capital to develop its blockchain technology solutions.
The companies didn’t reach a definitive agreement and Net Element had asked Bunker to return the 19K common shares it returned as prepayment. Net Element doesn’t know how many shares Bunker will return.
Now Net Element stock is flying once again due to a board change. Just today it nnounced that Mr. Jon Najarian has joined Net Element’s board of directors and will serve as a member of the Company’s Audit, Compensation, Nominating and Corporate Governance committees.
Net Element CEO Oleg Firer commented, “We are excited to have Jon join our board. He brings extensive financial, capital markets, cryptocurrency and blockchain insights to Net Element, and we look forward to his advice and direction as we move ahead with corporate initiatives.”
Najarian commented, “I am impressed with Net Element’s technologies and its goals to disrupt the payments industry through innovation and value-added service offerings that include its recently announced plans for a decentralized blockchain platform. I am excited for what the future holds for Net Element, and am eager to support and advise on the Company’s current strategy. I look forward to joining the team.”
Looking ahead we think Net Element stock is a speculative buy? How about you?
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