This past Wednesday, a surprise came for OTC Company 3DX Industries, Inc shareholders. The company announced that it would be canceling a total of 1.7 million shares due to acquisitions, previously mentioned, not being pursued.
In a press release put out on OTC Markets, and shared on the company’s Twitter account, 3DX Industries (OTCM: DDDX) shared that it would focus the next year on solely additive manufacturing after pursuing an acquisition strategy this past year.
In the PR, the company’s CEO Roger Janssen stated “Our goal as we move into a new fiscal year is to direct more of our resources into the additive division of 3DX Industries. Indicators in the market and from our customer base validate that now is the time to make the push to increase our capacity in this area. This shift will result in an expansion of our current additive manufacturing footprint along with a
reorganization of our subtractive division, which will target higher volume orders to complement our
CNC operations along with supporting our additive division through postproduction requirements.”
The retail market seemed to like the news with positive feedback found on Twitter.
1.7M OS REDUCTION! Cage code with govt contracting/2.5M in liabilities gone/centered focus on expanding metal 3d printing division/enabling us to have more customers like Phillips & US Govt to increase output $dddx @3DXIndustries @CervitudeIR #oct #otcm https://t.co/mFAPUggdLR
— RAM (@iLLUMIN3RA) November 16, 2022
Lots of companies out here adding shares to the OS faster than people can buy to keep up, but then there’s the rare ones like $DDDX that are actually taking them away! https://t.co/SakbroMbcS
— Major Scrub (@MajorScrubs) November 17, 2022
Absolutely amazing $DDDX team! Proud to be part of this journey together!https://t.co/fQE4j5ZdnM
— TheREALDanSherman (@TheREALDanSher1) November 17, 2022
The company had a 52-week range of 0.032 – 0.225 and as of yesterday, the stock closed at 0.0455 cents. DDDX has an average 30-day volume of 73,819 shares traded. According to OTC Markets, as of Thursday 11.17.2022, the company had a market capitalization of $4,391,356 with 96,513,315 outstanding shares (52 million restricted and 44 million unrestricted)
