Targeting growth, letters of intent – some of the news coming out about AuGRID Global Holdings Corp. (PINK:AGHD) these days. For the moment, the stock price is still stuck in the same levels at which it was six months ago. Yet to see whether this could change. 
So far, even an all-time high in trading volume could not do that. The latter happen in August as a result of a press release, but the stock kept its pattern of bouncing up to $0.002 and then back to $0.001 per share. In terms, nothing special, except for the regular 100% increase in the stock price which might be quite appealing to speculative short-term investors. These days, however, words like “growth” are mentioned in press releases.
Two came out just yesterday. Once released, the hype was on for more than 300 million shares exchanged hands this Monday. The result – a 100% increase in the share price, the session closing at the usual limit – $0.002 per share. Talking about growth, there is quite a long way to go before the first signs actually become visible. Some websites still label AGHD as “OTC Pink Limited Information”. One reason for that – the company is still late with filing its balance sheet. A notification of late filing came out a few days ago. So, although the third quarter is over now, financial result for the second one are still not released. [BANNER]
In terms, traders looking for additional information are stuck with a balance sheet with an end-date March 31st and stock performance which is not exactly inspiring. Whether the management is able to go the extra mile is a question yet to find its answer.
