Because the CEO is golden. When you look at a company, the first place you look is Management. Then you look at the balance sheet and other SEC Filings. The Due Diligence (DD) that has been done by this board is second to none. Ali and others are above-board honest folks and already have money, not looking to screw anyone here nor am I.
There are a LOT of private companies that make good profits and don't want the hassle of having to IPO through an Investment Banker like GS. So, the other route is Reverse Merger (RM) through a nice clean shell. Look what Google did. Although they did IPO at 99 bucks, they were very profitable before going public.
Long story short, the CEO has a track record of making money and doing what he says he will do. I have almost 400K shares of this and have not sold one share. I hope that instills some confidence.
Thanks for the Articulate Chatter comment, I think! LOL
Layla
Each Time I Try To Play The Good Girl - I Let Myself Get In The Way!
I Try So Hard To Fight The Bad Girl - But She Is Here To Stay!! Kristina DeBarge
