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1.Their latest PR (released on March 2)sounds promising.
Remodel Auction(TM) in Joint Venture With Charlotte, North Carolina- Based Lockard Reed Development Group 9:31a ET March 2, 2010 (PR
NewsWire) Remodel Auction, Inc. (Pink Sheets: REMD), announced today it has signed a letter of intent with Lockard Reed Development
Group to acquire 75 undeveloped acres in Kannapolis, NC, allowing them the
opportunity to expand strategically into the real estate development market in
the Charlotte region. The Kannapolis location is in Cabarrus County
approximately one mile from Interstate 85 off of Exit 63, 25 minutes from
uptown Charlotte, a five minute drive from the NC Research Center Campus in
downtown Kannapolis. According to his website, Mr. David H. Murdock, CEO, of
Dole Foods invested 1.5 billion into the North Carolina Research Campus venture
to foster collaboration and further advancements in the fields of
biotechnology, nutrition and health. Their stated vision is to become the
world's epicenter of nutrition and disease research www.ncresearchcampus.net.
2. RS was done around 6 months ago so we dont have fear of another RS.
3.stock is trading at 52 week low and is ready for a rebound imvho.
4. Float per TA is 124mil - so with some volume, it is primed to take off
Tags: REMD
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