Ameriguard Security Services Inc (AGSS)

[netmoney1999]

Its a good thing, since being exempt from penny stock status/restrictions means the stock is more open to brokers and institutional investors that would otherwise not be allowed to purchase and trade the stock.

[shahid913]

$AGSS
🚨 AGSS

💰 0,48

🟢💲 Penny Stock Exempt Added


Is this a good thing or bad?

[Tiger Money]

Thanks as well Anvil. I love when boards provide information instead of constant negativity although it is kind of hard not to be negative about this company these days.

I guess one positive thing is that Ameriguard is finally and currently set up to move forward and do what they say they are going to do in the 10k. GROW and GROW more through M&A to scale. My mistake was that I thought they were in this position they are now two years ago. That is why I always say they went public 2 years too early. Now all the BS and excuses about the cost of being a public company have to go away and now it is time for this management team to perform!

[Anvil]

Close. But the 95 holders include the DTC, which are all shares held in street name and any shareholder that have been issued shares directly by the T/A. Brokers shares are held in street name and included in the DTC number.

[Tiger Money]

Great color/information. Thank you as I learned something today

[nsomniyak]

The 95 reflects consolidation of shares held in street name by each broker. Of those 95 "shareholders", a good number are entities like Schwab or eTrade etc. who show as 1 shareholder while in fact there could be hundreds or thousands of beneficial holders that hold their shares at Schwab.

To get a true count you would need to do a NOBO report (Notice of Beneficial Ownership). These are expensive, but occasionally a company will ask for this. Companies do this once i a while.

[Tiger Money]

If we get back to $3 which could happen in a second if we ever had volume, I’m covering your room in Vegas because we are going to celebrate! Burning question is when…..mark this post. We have never met before, but if you get us to $3, we will become extremely good friends with my wallet :)

[IceCold8]

I'm guilty of the common sense being in short supply as well in this particular endeavor.

[Tiger Money]

Based on my research, we are the only idiots on this stock. There are only 95 shareholders. It seems anyone that wanted to sell the last two years did so from $3-5 area to fucin 30 cents.

By the way they had an operation loss that they NEED to fix of $2mm but they actually made money. I think they get another $3 mm ERC payment this year or next. Past that they won’t get bailed out again so the operations have to be tightened up and no more excuses about all the money it takes to go public

[netmoney1999]

Any bets on how much the stock is going to tank tomorrow? Or don't think it will because nobody follows or cares about this ticker?

[netmoney1999]

Financials... 2.4M loss, what a total mess! Oh, and the VA contract is up in June this year so no idea if that will get renewed or not.

And they said the same thing again that they've been saying the past multiple quarterly filings.. difficult and expensive going public, overhead can manage 2-3x current revenues blah blah blah.

[Tiger Money]

Not doubt man. I would have thought they would have been where they are now about a year or two ago. They went public two years too early. Now there are No more excuses for 2024. Gametime

[i_like_bb_stock]

Yea let’s hope something comes soon

[Tiger Money]

Nothing new. Same old stuff about how they are ready to conquer the world with mergers as they say that is how they will most likely grow…the forward section didn’t go beyond that although we know they did those receivables for financing something in January. I have been wrong but time has gotten to the point now that financing is in place, something has to give. Meaning they are up to something! For once, it feels soon.

They did lose $2m in operations but got that ERC income, enough that hey have to pay Uncle Sam taxes on their income again. Two year or three years in a row. I could be wrong but I think some companies may get another ERC check down the road. Hopefully they do but they need to start growing and growing now to get scale

[IceCold8]

My chest hurts...

[i_like_bb_stock]

10K is out https://www.otcmarkets.com/filing/html?id=17430532&guid=DwQ-keLvcUI-B3h

[IceCold8]

Holy geez,it happened again!

[netmoney1999]

Tiny trade to dump the share price. Wheeeee

[IceCold8]

Fair enough.

[CaoPanShou]

The SS doesn't worry me. If they succeed in uplisting, it will not hinder movement. Of course thats assuming it doesn't change. The only catalyst that concerns me are the same I look for in the exchanges, growing revs, growing earnings and positive cash flow. Ill be happy when they have an actual PE ratio being reported. Until then I just grab the dumps.

[IceCold8]

What's your take on the share structure and catalyst the affect it?

[IceCold8]

Patience!

[Tiger Money]

It is because the SEC lawyer they had recently retired and the new firm is reviewing. The old lawyer was just a solo shop that is why his firm didn’t review it. Mike said it is as simple as that. She we wait. No harm no foul

[prosledder]

Yeah they are...not sure if it's the new legal or not

[Anvil]

Sheppard etc. is a real firm. Good move by the company.

[prosledder]

Is this the new legal counsel? The old was the name you see many OTC companies retain..started with an M. Good news IMO
Sheppard, Mullin, Richter & Hampton LLP
12275 El Camino Real

Suite 200

San Diego, CA 92130

[IceCold8]

Maybe the old legal counsel has been doubling and moonlighting or rather sun lighting as MMS, this entire time.

[netmoney1999]

Doesn't necessarily mean the old council was fired... they just state a 'change' and we probably won't ever know the real reason or what happened.

What this does mean is now we have to wait until middle of April... they get 15 days extra. But, I really don't know what they're doing over there. From all of the previous filings they keep talking about having all of this extra structure to handle a much larger company, yet they can't get an annual filing done on time?

[Tiger Money]

They filed for an extension. Why? “2023 10-k could not be filed within the prescribed time period due to a change in legal counsel. New legal counsel needs time to review the information”.

FUC Yes! Why am I so excited? Sounds like they fired their legal counsel! I always had disdain for them and how they told LG not to talk to anyone neither by phone or email! Also, they were expensive as crap and their capital markets experienced blew!

[Tiger Money]

Well written

[Tiger Money]

I think they have until Sunday

[IceCold8]

Hopefully there's no late notification of filing.

[netmoney1999]

Financials due today, even though markets are closed. Wonder when they'll file?

[CaoPanShou]

Institutional investors are well aware, they aren't blind and stupid. This is not on an exchange and they can't seriously touch it until it is. You give non-sense PR's way too much credit. Only real financial data and an exchange upgrade is going to make this a contender. Institutional investors would start completely ignoring this ticker if he started acting like a pinky again and issues BS Pr's to entertain flippers. Silence is golden until you got something meaningful to say.

[IceCold8]

How about attracting institutional investors? You seem to be the lone soul capable of commanding LG's attention,or do you think that ship has sailed... Thanks,Tiger Money, for all of your DD,its greatly appreciated!!!

[Tiger Money]

Gotcha

[IceCold8]

In regards to regular communication. PR firm/team!

[Tiger Money]

He mentioned the shareholders in the PR

[IceCold8]

Just knowing if LG is aware of our(shareholders) existance and made mention of it would be monumental.

[Tiger Money]

I told them to not put any fluff into the forward section if it us not going to happen so they don’t get hopes up for a disappointment down the road

[netmoney1999]

Agree I want facts, and that is what should be in the 10k. I actually doubt there will be much if anything regarding the recent contract announcement, since that was well after the end of quarter/year and the reports would've been mainly finished by then... so perhaps if anything will just be a statement in a 'recent activities' section of the filing.
I'll be particularly interested in forward guidance discussion of the filing as well.

[Tiger Money]

The 10k better not have any fluff although you all may like that. I want the cold hard facts no matter good or bad. But it is hard to be bad when you just increased your annual revenues by slightly over 10%.

Two years ago that pr would have sent us to double digits with this minuscule share structure. Our day will come…..I have only been waiting 2.5 years! Goodness this has taught me patience

[IceCold8]

My sentiments exactly. I want to think positive but the lackluster track record has me in the pessimist grove.

[netmoney1999]

Just a few days until the annual report is due... so I'll hold my opinion until then. But if they just have another lackluster report and ho hum blah blah statements then I'll fully agree that they don't give a crap.

[IceCold8]

Too bad LG could care less about his shareholders...

[IceCold8]

They probably dumped today...

[Tiger Money]

Too funny

[Tiger Money]

It is, nobody knows about this stock. I gave told LG plenty of times they need institutional investors. They know that. Now execute!

[netmoney1999]

Seems that almost nobody cares or knows about the news today. Low volume and not much movement.

[Tiger Money]

I like it. They had lost a contract in Q1 or Q2 of last year so this replaces it and some. More contracts the better