Agora Holdings Inc (OTCMKTS:AGHI) is another stock that you may want to have on your radar right now. Shares just touched key support in the $0.07/share area once again. The last two times we have seen this level tested, sharp gains quickly followed, including a 300% rally in October of last year followed by a 250% rally in January of this year. To further flesh out the story, the company recently announced that its controlled subsidiary, eSilkroad Network Limited of Hong Kong, has completed prototype testing and focus groups during January and early February 2019, whereby over 300 corporations were exposed to our landing page prototypes.
According to the release, “with testing complete, ESR has retained Sannacode (https://sannacode.com/) to conclude programming of our final platform. Sannacode is a multi-disciplinary company that specializes in web design and development. Sannacode designs, develops, tests and maintains digital products ranging from web, mobile, games and wearable technologies. Headquartered in Kiev, Sannacode works with companies in every continent around the world. Their management team reflects the talent and focus to bring clarity to corporate visions including creating customized solutions for ESR. The Sannacode team offers a combined 30 years of experience in design, development and testing.”
Agora Holdings Inc. (OTCMKTS: AGHI), as part of its new share exchange agreement with eSilknet, is now likely moving into the B2B social network business.
The concept of eSilknet is in line with the original concept of the “silkroad”, facilitating trade and commerce between countries, only a global scale. As a part of eSilkroad, it allows you to solve all the key issues of international business activity in one single place online. eSilknet provides for a quick, cheap, and efficient interaction among organizations across the world.
According to company materials, the platform allows users to search for and communicate with business partners in Silk Road countries, search for and post sell/buy trade propositions and investment projects, promote and be informed about international business and cultural events.
eSilknet users can use Search function to search for something or someone corresponding to their business interests: people, companies, non-profit organizations, events, trade “sell” and “buy” offers, investment opportunities, publications. Yet, users can still opt to receive relevant trade/investment offers generated by the network automatically, instead of or besides using Search.
The Road to Riches?
We started off by noting that AGHI recently hit the wires with the announcement that its controlled subsidiary, eSilkroad Network Limited of Hong Kong, has completed prototype testing and focus groups during January and early February 2019, whereby over 300 corporations were exposed to our landing page prototypes.
While this is a clear factor, it has been incorporated into a trading tape characterized by a pretty dominant offer, which hasn’t been the type of action AGHI shareholders really want to see. In total, over the past five days, shares of the stock have dropped by roughly -13% on above average trading volume.
All in all, not a particularly friendly tape, but one that may ultimately present some new opportunities as the stock’s current level has been a highly productive area of support over recent months.
ESR President Oleg Sytnyk commented, “We are extremely excited to be working with Sannacode to complete the final phase of our platform development. Their firm is uniquely qualified to deliver the high level of functionality and design we wish to present in our final commercial site.”