Over the course of the past week, the MassRoots Inc (OTCMKTS:MSRT) stock has emerged as one of the major gainers and has managed to deliver gains of 42%. This morning the company announced that it signed a letter of intent with regards to the acquisition of Empire Services Inc.
More importantly, MassRoots stated in its press release today that the acquisition is going to lead to both higher revenues as well as positive cash flows.
However, that is not all. Once the acquisition is completed, MassRoots is going to apply for an uplisting to Nasdaq Capital Market or the New York Stock Exchange. The company stated that such a move is going to help the stock in getting exposed to a much bigger pool of investors and capital. In addition to that, it will also help the MassRoots stock to potentially attract interest from institutional players. At this point, investors could do well to keep this stock in their watch lists.