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home / news releases / ACY - AeroCentury: Progress On Mano Is Underwhelming And I Remain Bearish

ACY - AeroCentury: Progress On Mano Is Underwhelming And I Remain Bearish

AeroCentury Corp.
  • The company is changing its name to Mega Matrix Corp to reflect its focus on the Metaverse and GameFi business.
  • However, its first NFT game still hasn’t been released, and it seems that interest in it is low.
  • Another red flag is the exit of almost all Chinese investors that bought shares in the company back in August.
  • I’m still bearish on AeroCentury, but I think that short selling seems dangerous as the share price is now at levels that are close to the ones it had when it was insolvent.

For further details see:

AeroCentury: Progress On Mano Is Underwhelming And I Remain Bearish
Stock Information
Company Name: AeroCentury Corp.
Stock Symbol: ACY
Market: NYSE
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