M&A / Property
ZenaTech Inadvertently Files Early Warning Report Pursuant to National Instrument 61-103
Insider Accumulation at Distressed Levels Signals Confidence Amidst Revenue Stagnation and Liquidity Tightness

Executive Summary
Recent Insider Acquisition Activity
- ZenaTech, Inc. and CEO Dr. Shaun Passley acquired a combined 7,244,000 common shares of Boardwalktech Software Corp.
- Purchase price ranged between $0.035 and $0.05 per share on the TSX Venture Exchange.
- Combined ownership represents less than 10% of outstanding common shares following adjustment for a recent private placement.
- The acquisition was filed as an Early Warning Report pursuant to National Instrument 61-103, indicating regulatory compliance with significant stake disclosure rules.
Material Impact
Sentiment vs. Fundamental Reality
- The insider accumulation is a positive sentiment signal but does not alter the immediate financial distress of the company.
- While ZenaTech and Dr. Passley are betting on recovery, the core business metrics (revenue decline, cash burn) remain unchanged by this share purchase alone.
- The investment validates that management believes the stock price ($0.035-$0.05 range) offers value, but it does not provide immediate liquidity to solve the debt or operational runway issues.
BWLK · Price
Company Overview
Core Business Model
- Boardwalktech provides patented digital-ledger and AI-enabled enterprise software solutions.
- Headquartered in Cupertino, CA with offices in India and operations across North America.
- Focuses on automating forecasting, planning, demand visibility, and compliance controls for regulated industries (banks, insurers) and supply chain management.
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Jun 24, 2026 · 07:00