Following a couple of successful market performances, American Community Development Group, Inc. (PINK:ACYD) closed the latest trading session at a loss, urging third parties to organize a paid promotional game in support of ACYD for the upcoming session.
Closing at $0.012 per share, ACYD lost 7.69% in value yesterday on a substantial turnover of 1.76 million, up 483% from its daily average trading volume. As a result thereof, third parties have just approached the services of a paid promoter by investing $2,500 in an effort to pump the market value of ACYD today.
Prior to that session, however, ACYD consecutively gained 27% and 19%, thus hitting its highest market value since late-November. Not bad for a company that has had no official news to share with investors since the acquisition agreement announced on Dec. 7.
ACYD specializes in acquiring and managing commercial real estate properties with the purpose of providing affordable housing for individuals and families in crisis or challenge.
On Feb. 14, ACYD filed a full-on quarterly report for the three-month period ended Sept. 30, 2011. The document revealed:
- cash reserves of $4,624;
- working capital deficit of $518K;
- revenue in excess of $84 thousand and a net quarterly loss of $228 thousand.
At least, ACYD’s revenues have improved dramatically in comparison with its Q1 and Q2 results, which suggests that the company might be on the right track in its quest for value maximisation.
