A London-based small cap just announced an update on its pending acquisition of a leading cryptocurrency exchange. According to the release, on October 2 the company signed a letter of intent to acquire a 51% stake in an unnamed, leading cryptocurrency exchange. Share of Net Savings Link Inc. (OTCPK:NSAV) rallied strongly on the news.
Net Savings Link is a U.S.-based integrated technology company, which is engaged in providing turnkey technological solutions to the legal medical cannabis and hemp industries, as well as other areas of the medical industry. The company focuses on providing software solutions, e-commerce, advisory services, financial services, patents and trademarks, and information technology.
Traders were excited about the news as shares traded up to $0.0566/share (+9.90%) at the session high following the update. This move is a strong continuation of the success this stock has had over the last month.
