Good and reasonable explanation for releasing good news after hours, IMO. With these pink stocks, anything and everything can work both ways.

Over the years, I have found that no matter the technicals/ fundamentals, pink stocks need:  SBMAV.

S> Speculation or a positive change

B> Buzz, and lots of it

M> Momentum

A> Anticipation, visualation of a future positive PR or event

V>  Volume, usually twice the daily average over the last two months

I think we've got all FIVE here! IMO