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Tuesday, June 22, 2021 8:39:14 AM
Link:
https://insiderfinancial.com/4-otc-stocks-poised-to-boom-avvh-hitid-hpil-sbfm/181561/
AVVAA World Health Care Products, Inc. is one of the hottest OTC stocks right now. Its share price rose over 300% in May and over 4,000% since the beginning of the year. Most of the gains came at the end of May, and strong momentum is still there at the time of writing.
OTC stock to watch AVVH
Investors are excited about AVVH, which used to be a biotech firm and now has zero debt, as they expect a big merger to happen soon, with the community assuming that Gold Quest Group is about to acquire it in an effort to go public. Gold Quest Group, LLC is a residential, commercial, and heavy industrial direct lender and financial brokerage firm based in Houston, Texas. It has been around two decades and lends over $500 million per year in Texas and across the US, becoming one of the largest lenders in the state.
While there is no official release about the merger, if Gold Quest acquires AVVH, its stock price would skyrocket to reflect the valuation of the resulting firm, probably exceeding the $1 mark. Interestingly, there is even a website created specifically for the merger, though we can’t know whether it’s official.
What we know today is that the controlling stake of AVVH reached to Krisa Management LLC at the beginning of the year, with the latter becoming the majority owner of AVVH with 60% of its total voting rights. Eventually, Krisa Management sold its single share of Special 2021 Series A Preferred Stock, which represents 60% of voting rights in AVVH, to Omnis Capital Management, LLC – a specialist investment company probably meant to facilitate the transition to Gold Quest.
Investors found out a link between Omnis Capital and Gold Quest. Specifically, Miguel Sanchez, President of Gold Quest, is also a key figure in Omnis Capital as per the SEC filing, with the investor community assuming that he created Omnis to conduct major deals.
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