The70th, for me a press release has nothing to do with the stock reaching a new 52 week high. While the due diligence certainly looks good and I truly believe that this is a REAL company with a REAL business, it would certainly be nice to know what management intends to do with their newly public company. Did they do this RM with the intention of having a public company in place just in case they want to raise money someday for example? Might this company sit dormant on the pink sheets for years? Wouldn't you want to know these things before investing?
So in a nutshell I'd just like to know what the company plans to do. Why did they go public? Do they intend to become listed on a national stock exchange? What is their timeframe for doing this?
That would at least be a nice start. Then of course I'd like to be able to base my investment decision on the company's finances. For all I know they have a nice business but it's losing money. Maybe their finances are so poor that they cannot secure a bank loan or the bank cancelled their line of credit and they need cash. Maybe that's why they went public, to try to tap the capital markets for financing.
Bottom line here is that it's all conjecture on our part until we get some color from the company.
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