ACY - AeroCentury Enters The Metaverse But I'm Still Bearish

• The company completed its restructuring and had $10.6 million in cash as of September.
• It pretty much became a cash shell, and I find it bizarre that it’s trading at a level that is 10 times higher than its restructuring share issue.
• AeroCentury recently announced that it’s developing an NFT game for the Metaverse space.
• However, the company doesn’t have much resources to create a game of a large scale and the development schedule is only a few months.
• I remain bearish on this one, but it could be a good idea to wait on the sidelines for now as the short borrow interest rate stands at 123.84%.

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