As a clean shell with no debt, AVVAA World Health Care Products, Inc. (OTC: AVVH) has gained massive attention from investors in anticipation of reverse merger news. On January 19th, as the company announced its merger candidate – Gold Quest Capital, Inc. – AVVH saw a 107% increase and experienced one of its highest trading volume to date. Even though the stock has dropped to $.024 since then, investors are bullish that AVVH could see another run-up with the release of its earnings report – possibly making it one of the best penny stocks to buy today.
AVVH Stock News
Since its inception, AVVH has operated in the biotechnology and cosmetology industry with a focus on manufacturing and developing natural and therapeutic skin care products. As the company’s previously appointed custodian, SSM Monopoly had granted itself a series A preferred shares at a par value of $0.001 – all of which could be converted to 2 billion of AVVH’s common stock shares. Additionally, in an attempt to reduce the AS, the custodian made an agreement with an anonymous shareholder to purchase back 565 million shares of common stock for $30,000.
In Q2 2021, Omnis Public Capital Management, LLC successfully acquired AVVH and filed for the discharge of the custodianship. The Nevada court granted the discharge and approved all actions taken by the custodian – most importantly the 944 million share cancellation. However, the transfer agent refused to cancel the remaining 549 shares. Following this, Omnis Capital was granted control of AVVH.
This acquisition has paved the way for AVVH’s merger with Gold Quest Capital, Inc. For over a decade, Gold Quest has been an established name in the market given its history in financing thousands of real-estate projects. For years, the company has been planning to venture into private integrated properties such as branded hotels and resorts – an extremely lucrative sector.
AVVH shareholders are feeling bullish on this merger for a lot of reasons but most importantly – the company’s solid management. As one of the most respected lenders in Texas, Gold Quest’s CEO – Miguel Sanchez, has over two decades of experience in real estate and financial brokerage. Sanchez has emphasized that even though the company already has “access to “steady deal flow” because of its connection with “GoldQuest Group and other real estate brokers”, Gold Quest will continue to build its loan portfolio over the next few years.
In light of this, the company has promised shareholders updates regarding its roadmap for growth starting from new business lines to the overall corporate vision and goals – and of course, any new addition to the board of directors. As of now, AVVH is evaluating several investor relations firms that would help the company answer the public’s requests and respond to shareholders’ inquiries. Throughout it all, the company has no plans to undergo a reverse split anytime soon.
With a parent company that has more than 20 years experience in the real estate industry and millions of dollars in projects, it’s easy to see why a lot of investors are excited to hold AVVH and are increasingly adding it to their list of penny stocks to buy today.
Media Sentiment
Investor @BinDaddys are excited to see the growth that AVVH’s new CEO brings given his history of million dollar projects.
With no debt or convertible notes, @BMoeKnows is bullish on AVVH’s merger.
Technical Analysis
Witnessing a downward trend, AVVH is currently trading at $.0245 and shows a newly formed support at .024. The stock shows a primary resistance at .0289 as well as a secondary resistance around .0503. Accumulation has been steady following a major dip on January 10th. The MACD is on a recent bullish crossover and the RSI is at 40 indicating that the stock is slightly oversold.
Given that the stock is trading near its support, now could be a good entry point for investors bullish on AVVH’s merger potential. In fact, with the merge now completed, the company’s anticipated quarterly filings could send the stock on a run to its 52-week high of $.952 or higher.
AVVH Stock Forecast
The company has a list of impending catalysts that could position AVVH for a run in the near future. With no debt or convertible notes, a significant share reduction and a lucrative merger, AVVH is showing major potential and is possibly positioning itself as one of the best penny stocks to buy today. Now that the stock is trading at its lowest point since last August, investors are rushing to secure positions before the anticipated quarterly filings sends it on a run to its September high of $.0594.
If you have questions about AVVH stock and where it could be heading next feel free to reach out to us in our free alerts room!
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