AL International Inc (PINK:JCOFD) felt the negative effect of the reverse stock split immediately after it came into effect on Aug. 05.
At the time the stock split took place, JCOFD share value had decreased to $0.4 down from the recent peak at $1. With the split officially effective, the price of JCOFD shares doubled and the new price was around $0.8.
In the following week, huge selling pressure dominated the company’s stock. Thus, JCOF hit $0.04, which is a consolidation level formed earlier in May. The stock rallied back to $0.8, but once again fell victim to the selling pressure. This time JCOFD hit a higher low, which may suggest that the selling pressure is weakening.[BANNER]
However, the last session of JCOFD was also dominated by selling despite the fact that the company announced an acquisition the same day. In a 
press release issued before the start of the session, the company stated it was acquiring Adaptogenix International, a seller of botanical-derived products.
JCOFD was unable to rally on the news and fell down 4% to $0.545 on a volume of 604 thousand shares. Volume has also been declining in the last couple of days, which may further aggravate JCOFD’s attempt to regain at least part of its former value.
