Agora Holdings Inc (OTCMKTS:AGHI) Fails to Impress Investors

Agora Holdings Inc (OTCMKTS:AGHI) has never really been the most active company when it comes to press releases, and, as a result, its stock has never really been the hottest OTC offering out there. In a peculiar turn of events, however, the company made not one, but two announcements in a matter of just three days.

This managed to draw some attention to the ticker and it booked a dollar volume of over $200 thousand during Monday’s session which is not something you see every day. Even so, investors don’t appear to be too impressed. Despite the heavy trading activity, AGHI refused to fly high. It only gained about 3% and it finished the day at $0.57 per share. Time to see why.

Truth be told, there isn’t really all that much to be excited about. Friday’s press release informed us that AGHI have retained the services of Teso Corporate Communication. This should bring the management team and the shareholders closer together and it might just make the stock a bit more visible, but it’s not really that vital for the company’s survival. Yesterday’s press release sounded much more interesting at first.

In it AGHI said that a host of new services will be available on their Geegle.TV website. Yet, once you open the said website, you’ll see that at the moment there’s nothing more than a few embeded videos from YouTube which have been placed in different categories. You’ll also notice that AGHI‘s website seems to be encountering an Internal Server Error way too often.

Technical glitches aside, the people running AGHI definitely need to do something in order to increase the revenue flow and we’re not sure if categorized videos really are enough to turn things around. Especially with a financial report that looks as bad as this:

• cash: $119 (number not in thousands)
• total assets: $5,981
• current liabilities: $113,239
• quarterly revenues: $5,660
• quarterly net loss: $86,317

Of course, AGHI‘s appalling financial situation at the moment doesn’t necessarily mean that it’ll never be able to capture the imagination of the investment community. After all, let’s not forget that the company is working in the IT industry where zero-to-hero stories are plentiful.

You should also bear in mind, however, that AGHI is a penny stock and as such, it should be approached with extreme caution. Not least because a vast portion of the liabilities consist of convertible notes that can be turned into common stock at a fixed rate of $0.002 per share.