On Tuesday, investors piled on to the American Leisure Holdings Inc (OTCMKTS:AMLH) stock in a big way and sent it soaring by as much as 67% amidst heavy trading.
Although the gains made by the stock are considerable it is also necessary to keep in mind that there was no news about the company yesterday and to many investors, the remarkable rally might seem like a bit of a mystery. In this context, it might be a good move for investors to take a look at an announcement from the company back on August 26.
On that day, the company announced that it sent in all the requisite documents to the OTC Markets which will be necessary for it to be awarded the ‘OTC Current’ status. At the time, it was also announced that in a period stretching across a month, American Leisure Holdings had done a lot of work in order to bring the company into the good books of the OTC Markets.
In addition to that, it has also been suggested that once the company does get the OTC Current status, it might also look to get into mergers or joint ventures.
