ACGX $0.003.. History from just 2 years ago.. ACGX at that Time was selling at $0.02 and had 8.5 million shares outstanding.. It also had the ability to pay off all its loans either thru cash or borrowing of funds..
Today that same company has over 650,000,000 shares outstanding and has stated that they have spoken to the Converters and will only issue 100,000,000 million shares per quarter.. That 100 Mil. is almost 8 times what was the total shares outstanding at that time,, just 2 years ago.... Thru dilution ACGX has diluted the interest of current shareholders over 80 Times and at the rate they are going it will be 100 Times before year end..
The total assets of the Alliance Creative Group as of 6/30/12 were $5,140,966. The total equity was $1,864,933. The total outstanding shares as of June 30, 2012 were 8,554,746 with 8,415,221 of those shares in the float. The stock is currently trading around the 2.5 cents per share range and the overall company market cap is around only $200,000.
On that basis ACGX has if based on stock prices 2 years ago created a $0.00002 stock.. Dilution is the worst possible case of current shareholders..
Since insiders control thru the Preferred as long as the have one share of preferred they control and as before with a stroke of the pen may change the conversion rate at will.. Now I realize that some consider this bashing but facts are hard to dispute in any court of reference.. hank..
Alliance Creative Group (ACGX) Reports Over $2,800,000 in Q2 Revenue for 2012 and a 30% increase in Gross Profits for Q2 2012 compared to Q2 2011
PR Newswire - Aug 16 09:00 EDT
Alert hits:(/A (/a Company Symbols: OTC-PINK:ACGX
Annual Estimated EPS equal to about 12 cents per share
CHICAGO, Aug. 16, 2012 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX) is pleased to announce the results of Operations for the Three Months Ended June 30, 2012 compared to the Three Months Ended June 30, 2011.
Revenues for the three months ended June 30, 2012 ("Second Quarter 2012") were $2,828,474 compared with $2,537,895 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is an increase of $290,579 or 12% for the quarter.
Gross Profits for the three months ended June 30, 2012 ("Second Quarter 2012") were $774,727 compared with $596,553 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is an increase of $178,174 or 30% for the quarter.
Net Income for the three months ended June 30, 2012 ("Second Quarter 2012") were $209,282 compared with $213,530 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is a decrease of $4,248 or 2% decrease for the quarter due to some 1 time expenses and bad debt write off.
The total assets of the Alliance Creative Group as of 6/30/12 were $5,140,966. The total equity was $1,864,933. The total outstanding shares as of June 30, 2012 were 8,554,746 with 8,415,221 of those shares in the float. The stock is currently trading around the 2.5 cents per share range and the overall company market cap is around only $200,000.
The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are on the Company website at http://alliancecreativegroup.com/investor-relations under the section for financials and on www.OTCmarkets.com under stock symbol ACGX.
