At some points, companies need to come up with updates in order to provide greater clarity about its situation to the general public and shareholders. Yesterday, it was SportsQuest Inc (OTC:SPQS) which came up with such an update and ahead of today’s trading it could be the right time to take a closer look.
The Updates
SportsQuest noted that there had been considerable speculation about the block acquisitions made by a Taiwanese software and cloud storage company. The company stated that the situation remained fluid and the management did not have anything further to add. However, if anything solid ever emerged then the company would provide a clearer update. Additionally, it was noted that the company already had an agreement in place to acquire the assets of a well-known eBike manufacturing company and noted B2B franchisor.
Further Information
In the news release, SportsQuest also noted that it continued to thrive on innovation and was working on the development of its own cryptocurrency backed by its eBike assets. In light of the raft of updates provided by the company it could be the right time for investors to consider keep an eye on the stock and perhaps adding it to their watch lists.
