Dear readers, I have been sharing with you for quite a number of times over this stock called Accrelist. The CEO of Accrelist, Mr Terence Tea has been purchasing lots of his company stocks on a regular basis at around $0.006 and $0.007. I have been sharing that the purchase of stocks by the largest shareholder cum CEO can only mean one positive move: that is the CEO is bullish about the company.
It was reported yesterday that Accrelist is raising $4million for a private placement of 500 million new shares at 0.8 cents each to investors Liu Song and Summit Planners Advisory Group. The private placement is subject to the approval of shareholders. The investment of two investors into the company’s stocks is really another testament to Accrelist stock.