Agora Holdings Inc (OTCMKTS:AGHI) Falling Despite PR

[[tagnumber 0]][[tagnumber 1]]After a long period of being virtually non–tradable we saw Agora Holdings Inc (OTCMKTS:AGHI)’s stock suddenly attract investor attention back in the middle of July, when we last wrote about it. Trading quickly slowed down and the ticker became highly illiquid, moving sideways just below the 50 cent per share mark in the following months.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As September came to an end, however, we saw [[tagnumber 6]]AGHI[[tagnumber 7]] begin to descend in the charts and the price per share fell below 25 cents earlier this month. The, for no apparent reason, we saw the ticker surge and reach a price of $0.50 in three consecutive sessions, a thing that wasn’t caused by any new press releases or paid promotions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company doesn’t really have that much to offer when it comes to numbers. For example, financial report for the second quarter contains these digits in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $3,356[[tagnumber 17]] [[tagnumber 16]]current assets: $8,761[[tagnumber 17]] [[tagnumber 16]]current liabilities: $189,389[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $12,354[[tagnumber 17]] [[tagnumber 16]]quarterly net loss: $120,619[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers certainly look very bad and looking back we see that they have gotten worse compared to the same period last year. The revenue has slightly dropped while the net income of $15,515 thousand that AGHI recorded in the second quarter last year has turned into a $120,619 net loss.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the same time, the only revenue generating product of the company is a video streaming service called Geegle TV. When you check out the website, however, you see that it is nothing more than a few categories with embedded YouTube videos. In fact, the latest videos were uploaded around the time of our previous article, more than 3 months ago. And let’s not begin to talk about all the Internal Server Errors that the website is showing way too often.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In light of all this we can’t think of anyone who would thing that companies like Netflix, Inc. (NASDAQ:NFLX) or Hulu, LLC could “fight” for [[tagnumber 6]]AGHI.[[tagnumber 7]] But that’s exactly what the latest round of pump emails coming from promoter The Profit Letter states. Its fictional Editor, Shawn Roberts has put a price target of $4.16 for the company stock, but we seriously doubt that [[tagnumber 6]]AGHI[[tagnumber 7]] can reach anywhere near those numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One of the reasons is that even though the company announced a new project yesterday we saw the ticker plummet 16.67% and close at $0.40 while a total of 211 thousand shares changed their owners and generated $71 thousand in daily dollar volume. We see that [[tagnumber 6]]AGHI[[tagnumber 7]] is still falling today, despite the promotional effort, so be sure to do your due diligence and weigh out the risks before attempting any trades.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It is also good to have in mind the vast amount of convertible notes that can be turned into [[tagnumber 6]]AGHI[[tagnumber 7]] common shares at a fixed rate of $0.002 per share. Those would grant some very good profits, especially to someone who would be willing to pay a promoter $2,500 for the distribution of a single email and set a budget of up to $200 thousand for promotional efforts of the company stock.[[tagnumber 2]]