Replies to post #5015 on Reverse Mergers & Low Float Plays

[Potse]

AFDG...added to position...entry timing was terrible......

I bought 100K shares of AFDG at 2 cents a couple of weeks ago. AFDG shares some management with and is an advisor to privately-held African Agriculture Inc. African Agriculture is primarily involved in alfalfa production in Africa and the company is planning to go public via the VCXA SPAC possibly this year. As per the information that can be found in the AFDG and/or VCXA filings, if this deal is completed AFDG will receive a $300K bonus payment and 2.7M shares of VCXA.

The timing on my initial entry and other early additions (mostly at 2 cents) to my position turned out to be pretty poor. Selling pressure turned up shortly afterwards. I added a 500K block at .0045 yesterday to bring my average cost basis down to .0116 per share.

I have not seen anything yet that changes my thoughts on what I think the stock is capable of doing. It is possible the limited status and unverified profile are contributing somewhat to this downside pressure. But since the company has been active with its filings recently, it would be surprising to me if AFDG did not get its profile verified and regain current status again.