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TopicStock Topic 34
StartTheMachine
11/09/21 10:47:14 AM
#153:


Lopen posted...
Hey @StartTheMachine what's the word on AVCT these days. Those warrants and the stock itself seem super cheap now

I've been meaning to look into them myself. A brief scroll through the discord and it appears that most everyone has turned on them. When I last checked like 5 months ago, I thought they were just disappointingly slow in producing the revenue streams people expected during Covid, but still a good long-term hold. That may have changed now though.

The biggest recent news I see is they plan to dump Computex - the company they acquired to go public via SPAC in the first place. Extremely bizarre and not a good sign for long-term growth. It seems like Computex was essentially just losing them money. This doesn't leave much more for them to offer other than Kandy for now (though their last investor presentation says they still want to focus on acquisitions, so maybe another one in the future could turn them around). Not sure what happened to the huge profit they were supposed to make from the AT&T deal either.

That said, some folks somewhere still pump these warrants. Just a few weeks ago I saw AVCTW go from under .20 to almost .50 in like a week. This was with no big news and the commons stayed stagnant/even went down a little. Wouldn't surprise me if the warrants remain free money because of stuff like this. Just maybe don't expect to hold them forever or sell them for over a dollar any time soon.

I'll look into them more tonight or tomorrow when I get some time and see where I stand personally long-term. I don't see how an all-star management team from AT&T could fuck this up so bad, but hey, growing a successful new tech company is easier said than done.

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