Due diligence is NOT going to TEVE's website and believing everything you read or doing a copy and paste. When was this list last updated? DD would be to take these lists, find a contact person for each entity, call them to see if they are in fact customers, how they feel about the product, do they intend on staying with or changing product in near future. How do they feel about what they pay, the services provided etc. Before you buy the stock you should be checking out and asking questions as to the viability of the company as a going concern based upon the answers to these questions.
Also DD would be finding out exactly how much money these entities are paying TEVE for the services. So many clients, so few dollars, and no profit. DD would be to find an answer to the above. Good Luck, and may you have a Happy and Prosperous New year.
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