QUOTE(Pakatan SinMa Plus @ Oct 19 2020, 04:22 PM)
thanks for the sharing. After reading the above, we can understand why some of the Agape share holders are unable to sell their shares at the current price of 7.50 at OTC market.
The share is not frequently traded and the liquidity is little. If we see Agape share price, it is fixed at 7.50 since Apr20, which is quite unusual as the price does not move from Apr20 to current. When we look into the traded volume, we can see that the latest transaction occurred in May20, and the volume is only 200. In other words, there is no transaction for the past 5 months.
Shareholders are only able to sell their shares when they can find a buyer who is willing to buy at that particular price, which is not easy. Besides that, it might be also subjected to legal restrictions when resold (not sure if this is applicable to Agape share). As a result, selling the share is more difficult for the shareholders.
I wonder if there is any Agape investor who has gained profit from their investment in this company? Mind to share your experience? Or the only people who have gained profit are the owners and the uplines that have successfully convinced their downlines to invest?
Basically OTC market are like a steppingstone for company before they get listed in main market. The shares you had invested in OTC for instance agape are not meant to be traded in OTC actually, cause like you mention the liquidity is minimal. Hence usually people invest in OTC companies are praying for them to list in main market, for instance, NYSE and Nasdaq. At there you can sell easily. The share is not frequently traded and the liquidity is little. If we see Agape share price, it is fixed at 7.50 since Apr20, which is quite unusual as the price does not move from Apr20 to current. When we look into the traded volume, we can see that the latest transaction occurred in May20, and the volume is only 200. In other words, there is no transaction for the past 5 months.
Shareholders are only able to sell their shares when they can find a buyer who is willing to buy at that particular price, which is not easy. Besides that, it might be also subjected to legal restrictions when resold (not sure if this is applicable to Agape share). As a result, selling the share is more difficult for the shareholders.
I wonder if there is any Agape investor who has gained profit from their investment in this company? Mind to share your experience? Or the only people who have gained profit are the owners and the uplines that have successfully convinced their downlines to invest?
When its nasdaq or NYSE the base price is minimum $4 or $6 or maybe higher depend on company valuation.
Oct 20 2020, 03:12 PM

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