Agora Holdings Inc (OTCMKTS:AGHI) shares are starting to show signs of putting an interesting basing pattern in place that we believe is likely related to the company’s move into the B2B social network marketplace.
To further that narrative, the company recently announced that its 51% owned subsidiary, eSilkroad Network Limited, in partnership with its design content firm, BRAB Ukraine (www.brabagency.com), will present web design prototypes of its first B2B pages for the social network e-Silknet October 16-17, 2018 in the city of Zhangjiajie, Hunan Province, China at a summit conference of Silk Road business leaders.
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 sale/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.
Small Float, Big Opportunity
As we discussed earlier, AGHI recently announced that its 51% owned subsidiary, eSilkroad Network Limited, in partnership with its design content firm, BRAB Ukraine (www.brabagency.com), will present web design prototypes of its first B2B pages for the social network e-Silknet October 16-17, 2018 in the city of Zhangjiajie, Hunan Province, China at a summit conference of Silk Road business leaders.
The chart shows 17% during the past month in terms of shareholder gains in the company, a rally that has pushed up against longer standing distributive pressure in the stock. In addition, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running greater than 290% over what the stock has registered over the longer term.
Traders should note this as important with a float in play that’s relatively small — around 15M shares. One is wise to respect the dynamic this may create — a jump in average daily transaction volume in a stock with a restricted float can unleash fireworks as supply is squeezed.
Mr. Ruben Yakubov, President, commented, “The showcase event organized by the China International Chamber of Commerce, the Silk Road International Chamber of Commerce, the Zhangjiajie Municipal People’s Government, the China Association for the Promotion of Friendship, and the Hunan Province International Trade Facilitation Committee, is the perfect venue to unveil the first prototype of our B2B eSilknet platform and allow industry partners a first look at the design. Feedback from industry leaders will be invaluable as we continue to develop our site for commercial launch. BRAB has been a fundamental partner in this project.”
All in all, not a particularly friendly tape in the past few days, but one that may ultimately present some new potential for fresh involvement as the company stares down a possibly huge market opportunity.