Hey everyone! been a while since I posted. I'm still in AGSS and still long. Been reading posts on here everyday like before, but really felt like there wasn't anything I could share that hadn't been said. Just got exhausting as we saw price steadily decline. No matter the DD, conviction, etc you have for a company it can be fatiguing in this scenerio waiting on an 8k. We know AGSS was radio silent. Of course the thoughts of scam, etc ran through my head as we were waiting. "what if this doesn't happen" "macro economy" and I can go on. But I remained positive.
Well we finally got the S 8K. Everyone here should now breath a sigh of relief, I know I did. When it dropped I read through it as fast as possible to see if there was anything typical of OTC companies and scammy in there. The more I read the more I was really impressed. They cancelled the preferred shares, no offering and outline detailed plans on how they plan to grow the company. I think we'll start to get some more PR's on the company itselft, based on this from the filing, "Due to this challenge management is taking steps to increase awareness of the merger and have laid the groundwork to ensure our company is well received in the marketplace." Management knows prices will remain volatile in the OTC and I think they are prepared to bring more eyes on the company to try and increase PPS.
Really the only negatives that I can see after reading the filing multiple times and gathering opinions from others is....yes the market cap should update to approx 210M once the SS updates on OTCM. The good, OTC has never really given a shit about anything fundamentally that I've seen but yes technically it may not be as undervalued as some may think right now. The very good, most of those shares are held tightly by insiders so the float is still very tiny which ultimalty is what will help propel the PPS if we get buying action.
The other negative, which again you really have to hunt for and honestly should be no surprise is "One key reason for the creation of this public company is to gain the significant capital necessary to acquire two or three companies already in the governmental contract market." Different than dumping shares on investors to make the insiders rich they are using capital to aggressivley grow the company. Again, this shouldn't alarm anyone.
Anyway I can go on and quote a ton of good things from the filings but I've rambled too long all ready.
I think we should all feel really good on how this company has executed thus far and especially the the fact we got the 8k and what it contained. there shouldn't be anymore uncertainity and I think there are some that will be taking advantage and adding. And again, my theory is they will start to bring some awareness to the company to help increase PPS organically now that the merger is done and they are officially a public company.
Now my wishlist is, because I know it's one piece thats missing, is some comment on uplisting. This company has large aspirations and I don't think it's a matter of "if" it's a matter of "when" they uplist as they don't want to remain in the OTC. My opinon. That's all. But for now, it's all good.
Cheers! BTW If I have something wrong let me know...
