I can reason as an investor.
First of all, I will try to invest in a project in which a random component of success is unlikely.
If I did this, then first of all I want there to be progress in the project, so that the demand for the assets that I bought grows. Even without listing. Listing is not the main thing for the success of an investor in a crypto startup.
The team is active here. They do not stop the development. It is very important for every project that team will not stop the development.
Development is very important. Hope soon we will know more news about the future plans of Romad.