Agora Holdings Inc (OTCMKTS:AGHI) is an extremely interesting emerging player in the global trade space with a number of powerful catalysts beginning to take shape. As a case in point, the company just announced that its 51% owned subsidiary, eSilkroad Network Limited, has entered into project negotiations with State Grid Corporation of China (“SGCC”)( http://www.sgcc.com.cn), the state-owned electric utility monopoly and largest utility company in the world, following presentations by the company of its B2B social networking site, “eSilknet” at the Silk Road business summit in the middle of last month in the city of Zhangjiajie, Hunan Province.
According to the release, “The theme of the summit was ‘A new era of openness. New development platform. New beautiful Hunan’, and the event was attended by over 500 representatives from different countries related to ‘One Belt, One Path’ including state political leaders, diplomatic envoys from across China, leaders of the United Nations, chairmen of the International Chambers of Commerce of Silk Road countries, leaders of transnational corporations, and Silk Road business opportunity think tanks and other guests.”
Agora Holdings Inc. (OTCMKTS: AGHI), for a little background, is now moving into the B2B social network business as part of its new share exchange agreement with eSilknet.
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.
Keep it on Your Radar
As we discussed earlier, AGHI just announced that its 51% owned subsidiary, eSilkroad Network Limited, has entered into project negotiations with State Grid Corporation of China, the state-owned electric utility monopoly and largest utility company in the world, following presentations by the company of its B2B social networking site, “eSilknet” at the Silk Road business summit in the middle of last month in the city of Zhangjiajie, Hunan Province.
AGHI has responded well, rallying about 18% over the past five days, with this news clearly driving the action.
eSilkroad Network President, Mr. Oleg Sytnyk commented, “Attendee feedback on the project was positive, resulting in direct discussions for participation in our developing B2B social media platform with PRC companies and the Chambers of Commerce and Industry of a number of attending countries. Further, we attended several meetings to discuss direct project co-operation with representatives from the State Grid Corporation of China, which shall be pursued immediately by our management team. Through cooperative agreements between eSilkroad Network and a number of countries and companies linked to the “silk road” the initial deployment of our B2B platform may occur as early as late 2019.”
This news could be extremely important as the company strives to entrench itself as a new and emerging force in the business of global logistics through its unique social networking approach. This is particularly true if one considers that the stock trades on a very small float of just 15 million shares.
In other words, once the crowd discovers this story, the chase for shares could lead to a dramatic squeeze to the upside if we see a scramble for this limited pool of shares.