ACGX.. $0.002,, I agree with the following..
The-company-themselves-said-around 1.5B more + the 700M-already-existing... 3B A/S is easily possible.
Quote:
"If-all-the remaining preferred-stock owned-by Mr. St. Louis was-converted into restricted common stock in the future it would be equal to 800,000,000 common shares Therefore the Company may need to increase the Authorized Common Stock to above its current 750,000,000 to allow enough room for potential future conversions."
Then-
Quote:
"If every debt holder converted their entire notes over time the company may have to increase their authorized number of shares and may have to issue between 500,000,000 and 750,000,000
additional shares to reduce this debt to zero, based on the current estimated stock price".
Which if the "estimated stock price" was twice as high as the 12/12/14 close at .0016, then it now equals between 1,000,000,000 and 1,500,000,000 additional shares.
Note Payable - Golden State 2004 149,624
Note Payable - Golden State debenture 128,112
Note Payable - Auto Loans 128,634
Note Payable - STLK Notes 207,500
Convertible Notes 455,025 Only sold to Friends
Note Payable - Shareholder 13,915
Total Long Term Liabilities 1,082,810
Just the convertible notes equal hundreds of millions of shares even at face value to the current share price, which they convert at a big discount to the lowest share prices traded within certain lengths of time in the past... That $455K would be 474M shares if converted at .0012 for .00096/share like seen in the conversion rate below. Ready for conversion soon..
Then-
Quote:
"The Convertible Debenture from April 27, 2004 with a balance of $141,812 as of 9/30/12 will reduce the interest rate from 7.75% to 3.75%. The previous interest due will be settled for a lump sum payment of $2,500 – which was paid at the closing and future interest will not begin to accrue or be due for 1 year.
The new agreement is extended until October 15, 2017.
Golden State is entitled to convert up to 9.99% of the common stock at a rate equal to 80% of the average 3 lowest volume weighted prices in the previous 10 days. Depending on the stock price this debenture could add well over 100,000,000 shares to the outstanding or more"
.
So ACGX traded 8M shares at .0011-.0012, lets say .0012, if Golden State converted 9.99% of the O/S at 80% of .0012, that would be just over 70M/shares at .00096 for $68,000 converted... If they converted $141,812 at .00096, that would be nearly 150,000,000 shares.
Just the companies numbers add up to the possibility of a LOT MORE SHARES-
800M +
500M-750M +
"well over" 100M
= 1.4B-1.65B new shares from the companies numbers,
+ the 700M+ already existing shares,
EQUALS 2.1B to nearly 2.4B shares. That's not even counting if the "based on the current estimated stock price" was above the current share price. That could raise the number much closer or over 3 Billion.
