This stock is one of the funniest things to watch. The company is obviously troubled, and it's share price has gone from $70 to .0001 in less then two years. Not exactly a growth stock for a retirement fund.
Now, if anything, AUGC is a turnaround candidate. The good news is, that if AUGRID as a company survives, the stock can't go much lower.
I've heard a bunch of different theories as to the fate of the company, and it depends who you ask.
I reserve all judgement, since I haven't heard back from the company. I am still collecting DD.
Even after I talk to them, I will take anything they say with a grain of salt, because obviously, they're biased too.
These are the only things we know as verifiable fact:
1) Daily volume is up about 700-800%
2) There are some very large sequential blocks going by as either sells or buys at the bid. This was not happening a week ago when I first started paying attention. However, I only began collecting screen shots yesterday.
3) There are suddenly many more market makers open on the bid
disclaimer: I do own shares in this company. It is my "lotto pick" for the month, so I am very cautiously bullish. However, I would never encourage anyone to buy a low .000 stock, because the risk for loss is magnified, along with the risk for gain....
GLTA!
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