Accredited Solutions, Inc. (OTC Pink: ASII) had an agreement get rescinded back in June 2023, which made the stock essentially crash to ‘the trips’. New management came in and things started happening behind the scenes, little by little. Then, in August of 2024, the fun began. (ASII closed at $0.0013 on Friday, August 9th, 2024 — the day before I wrote and published this blog.)
August 1st, 2024 — The company puts out a PR saying they’re working with outside advisors over the weekend to finalize a decision on a potential reverse stock split.
August 5th, 2024 — The company puts out a PR saying they decided to NOT go forward with a Reverse Stock Split. Thus, the market reacts and the stock finishes up 100% (from $0.0003 to $0.0006).
August 7th, 2024 — The company puts out a PR saying they’ve reached an agreement with all convertible debt holders for total debt reduction and exchange into Preferred Stock, not Common Shares. The stock price moved up to as much as $0.0014 on the 7th after seeing highs of $0.0009 the day before.
August 8th, 2024 — Excitement continued to brew as the company posted on X about having exciting news on the horizon and used the hashtags “AI” and “NASDAQ”. Hint?
August 9th, 2024 — The company posts on X about “announcement coming Monday & 8K filing!” and that they’re “building a real company through acquisition roll ups with revenues & positive EBIDTA huge updates around the corner” with hashtags “NASDAQ” and “OTCQX”.
Now For Some Speculation:
Upon doing some quick research — William Allessi, the man that owns 95 MILLION shares of ASII stock, also happens to be the Founder, CEO, and Director of a company called Alpha Modus — a company that has multiple patents related to methods & systems for retail stores, marketing, management, etc. Alpha Modus, a company that’s not currently publicly traded, put our a PR on July 22nd, 2024 talking about being awarded two additional patents. But, what’s interesting about that PR is the mention of “Insight Acquisition Corp” (NASDAQ: INAQ), which describes itself as, “a special purpose acquisition company formed solely to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.”
Given the post on X referencing AI and NASDAQ, it’s not a stretch to assume there’s a chance Monday’s announcement could be related to Alpha Modus and Accredited Solutions “merging” so William Allessi can take Alpha Modus public. But, that’s just speculation at this point, so decide for yourself.
Comparative Analysis of Market Caps
As of August 10th, 2024, the company has a Market Cap of $1,995,464 because they have 1.5B shares outstanding (with 170M being restricted). As the stock continues to rise, this is a look at the Market Cap:
- $0.0015 — $2.3 Million (currently the 52-week high)
- $0.0025 — $3.8 Million
- $0.005 — $7.67 Million
- $0.0075 — $11.5 Million
- $0.01 — $15.35 Million
- $0.05 — $75.75 Million
For comparison, take a look at OTC QX ticker MARK. They’re fairly under the radar still, but even near 52-week LOWs — their market cap is $5 Million with 50,952,000 shares outstanding. But, look at their 52-week high back in October 2023 of $8.00 when they had just 11,970,000 shares outstanding — that’s a Market Cap of $95.7 Million.
Even the trader-popular VHAI stock saw a high in the last 3-months of $0.23, which is $13 Million in Market Cap (around 56,600,000 shares outstanding). VHAI had a high of $2.71 back in March 2024, which was an estimated $25 Million Market Cap (because of having just 9,280,000 shares outstanding back then).
What’s my point? Just that the OTC can be a crazy place and anyone who has been trading OTC / Penny Stocks for several years can tell you there are runs ‘to the moon’ that “make no sense” from a reality perspective, but they provide great opportunities to TRADE the stock and make ridiculous profits.
ASII obviously has a lot more shares outstanding than MARK and VHAI, but it’s all about perspective volume and share price. For example, nobody in their right mind thinks ASII can run to $2.71 or $8.00 with the current share structure — that’s why I use the Market Cap as comparison. In my opinion, it doesn’t necessarily matter that it “was” trading at $0.0003 so it “can’t” run to $0.05… The type of progress made in the future can help make that a reality, in time. So, when ‘pumpers’ are saying ASII is going to $0.01 – $0.05, it’s just my opinion that while it seems insane, it’s not impossible when you look at MARK and VHAI at their highs — again, based on Market Caps of $25 Million ($0.016 for ASII) – $95 Million ($0.063 for ASII). Insane, but not impossible is all I’m saying.
We’ll see what Monday brings. I’ll reassess my strategy of holding vs. selling at that point.
DISCLOSURE: I’ve never, ever been paid in anyway, shape, or form to write due diligence blogs for this company or any company. I write them because I’m doing my own research and I want to share my thoughts and reference sources more easily. I also like the idea of helping others be guided with as much verifiable truth as possible since ‘pumpers’ will certainly exaggerate and not care they’re hurting newbies. As of August 10th, 2024 — I absolutely own shares of this company and don’t have an exact plan on when I’ll be selling. I intend on watching what unfolds first. When I sell it all, I intend on updating this blog to reflect that and I usually post about it on X as well. Invest/trade at your own risk.
