American Community Development Group Inc (PINK:ACYD) has been climbing up fast since last week. On Friday, the stock got even higher by 
adding another 15% to its price, on traded volume of over 1 million shares.Â
The only factor related to the climb so far are the recent promotions of ACYD. Though, the campaign was held this Saturday, most probably as an effort to hold the climb a bit longer.
ACYD was promoted by Sizzling Stock Picks, who has based it on the last news by American Community. However, it appeared that the company has not released any news since July 18, when its late financials were reported. Looks like the gain resulted from something else, which should be revealed soon.[BANNER]
American Community Development Group Inc is a team of social entrepreneurs that acquires and or manages commercial real estate properties, hotels, motels, apartments and mobile home communities. Historical data shows that it is not the first time when the company gets promoted to hold the progressive move. Though, the climb is usually broken after a short run.
According to its latest quarterly report, current liabilities of ACYD are more than four times higher compared to its current assets, while the stockholders’ equity is a negative value. Besides, the company has a long-term debt and its accumulated deficit has exceeded $1.8 until 31 March, this year.
Considering these numbers, the situation for ACYD is not bright at all. Even the management itself claims that the company’s future operating results may be affected by a number of factors. Thus, it is uncertain about its ability to attract sufficient capital, while any financing may be significantly dilutive to the existing shareholders.
