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True, I actually logged on to my account and was surprised that my purchase order had gone through. I legitimately thought the market was closed today and opening again tomorrow. Proabbly a bunch of other people out there that thought the same.
I sent a wire to Scottrade at 8 am yesterday morning and they just posted it to my account at 4 pm today, right at market close and not until after numerous phone calls -____-. Looking forward to loading more next week!
You aren't kidding! Bullish day if I've ever seen one. Volume and heightened attention are starting to kick in nicely, so a bunch of important catalysts are on the way. Things are turning around nicely here.
I'm liking the renewed excitement and new faces here, just before expected news about operations, the coming Q3 report that's expected to show strong results, and all as the company is looking into merger and acquisition partners. Not to mention the fact that Golden State's debt has been eliminated due to the lawsuit being done with and note-holder debt almost (or perhaps even already) being completely taken care of.
With so many positive things going on here, I suspect this will break through .01 very early 2018, if not sooner. Still of course dependent upon eventually releasing audited financials and confirmation that dilution will be done after the final note is taken care of.
Penny Stock Dream is top of the line! Literally if you run a google search for Penny Stock Newsletter, it is ranked #2 only behind Top Ten Reviews listing of the best penny stock newsletters, of which Dream is of course listed, lol. The site pretty much specializes in finding big movers while they're still down in the dumps with little interest.
As you can see with my checking PeopleVine's backlinks here and there and talking about their google search as well as Dream, I like taking an SEO style look into how sites are performing for investment purposes =P
The low end? That would cost them somewhere between a little more than double what ACGX has in the bank (as per Q2 2017) if they got them all for the absolute lowest Facebook averages ($.025 per impression), to 21.64 times what they have in the bank at highest average ($1 per impression), EVERY SINGLE DAY.
So I'm going to have to guess that they are absolutely not doing 2-5 million impressions per day running Facebook ads. Running 250,000 impressions just for one day out of the year could easily bankrupt them.
Since most of the days that you announce expecting green end up closing either at the same price or down and most of the days you expect news are met with stone cold silence from ACGX management, perhaps you should announce expecting no news and red days.
This way if the company has actually just been trolling you specifically, they'll do the opposite and make things happen but more realistically they will not and you will have more opportunities at being correct. Win, win for you.
Why do people keep saying ACGX will have more cash available when debts are fully paid, if those debts were being paid with shares/dilution and not cash?
I'm thinking the only immediate benefit of the detbts being paid, as far as shareholders are concerned, would be that hopefully it would stem the flow of dilution.
I just ran a check of all of PeopleVine's known (no system can find all links) lost domains over the course of the past 2 months and was actually very impressed. In the past 2 months I see zero client websites having dropped off aside for one broken newsletter tracking link.
I also noticed that they have clients continuing to stick with them from as far back as 2015, to today, showing their platform has some impressive staying power. Kind of odd that they don't really mention these things to investors and I had to dig to find it but this is really good.
Very true. I've been invested here for over 180 days and the only PR in that time that actually signified them doing something tangible, was designing a cardboard box. This is the only valid provable thing showing that they are actively working, aside for the scant tweet to say they powered some random website, to the tune of what? 3 site is a few months?
It's realities like that that make this look like one of the sketchiest plays out there.
If they actually pay the remainder off using profits as opposed to the habitual adding of hundreds of millions of shares to the float to pay off miniscule portions of their notes, I'll be bullish on this.
Update From Paul Sorkin:
*This was from my question sent in two days ago. He actually responded the same day but I just realized today that it hit my spam folder. Definitely glad to see they respond quickly to questions.
Also, I read this response as meaning that they are not using any notes for the situation with Golden State, which would mean that they are likely to be fully debt free by the end of the year. Good stuff!
My question:
Quick question; in today's news release you mentioned that "In exchange for some preferred equity shares in ACGX, an existing investor has agreed to purchase the potential rights Golden State may have had in the financing instruments."
Are these preferred shares toxic notes?
I had been looking forward to the company finally being debt free but this reads as though there are more notes on the way.
Also, what exactly is meant by this investor purchasing the "potential rights" that Golden State "may have had"? How does one purchase rights to something that is only potential and only might have existed?
I had been thinking about potentially purchasing more if the elimination of debt was a possibility but the content of this news release has me concerned.
Response:
Hello Sage
Thank you for your in ACGX
We understand that the press release today does not include all the details that some may want to know, however, this is mainly because we had to sign a Confidentiality clause and are not able to legally share all the details.
What is very important to know and understand is that the original agreements with Golden State and the prior management were signed back in 2004 and were very complicated and we believed to be very toxic for the stock. The new preferred shares are Equity instead of Debt, which especially from a banking and accounting standpoint, help create a much stronger balance sheet and the terms are much more company and shareholder friendly overall.
We believe this is one of the biggest and most important days in the history of the company, and hopefully the stock, since we believe the uncertainty and potential toxic nature of the agreements put a lot of pressure on the company and the stock. Now that this is behind us we can focus more on reducing the remaining debt, growing the business, and looking for other opportunities to grow the business and improve the stock.
Haha, your post is perfect!
In answer to investors saying that the company seems to use shady tactics that sent out a press release with concrete numbers like the debt being handled with "some" preferred shares.
Partnership news essentially said there was just a partnership. Zero details of how they are a partner or what it would mean for ACGX. Your average Junior High School aged kid studying in Public Education could piece together more detailed releases than ACGX does, so they almost have to want to keep investors in the dark.
Considering that the financials aren't audited the only concrete information that they've provided in the past three months, is still just the fact that they designed a new cardboard box back in June: https://www.otcmarkets.com/stock/ACGX/news/Alliance-Creative-Group--ACGX--Produced-New-Packaging-for-Crossfuel-Extreme-Performance-Black-Series?id=161879&b=y
Why does that concern you? All penny stocks are volatile. That's pretty much just them saying their stock has the ability to go up and down.
ACGX up to #20 on The Breakout Boards.
Awesome, thank-you that makes perfect sense!
Now the only question that remains is how many preferred shares and whether or not they are convertible notes. If they aren't I'll stick around for a good while, on the off chance that they might actually have their financials audited one day. I feel as though if there are not any added toxic notes, they release more frequent news updates that actually show numbers instead of replacing numbers with questionable terms like "some shares", they continue to see significant revenue growth and profit margins, and actually do have the financials audited proving their claims, followed by an up-list, this could be one of the biggest surprise movers of 2018-2019.
A lot of if's and's or but's but I'd like to see it happen
I bought in recognizing that the general make-up of the story here could very well mean that it was a kickback scheme/scam that could involve a revolving door of notes but the fact that no new notes had been issued in so long was enticing.
I've concluded that whether or not management is being truthful about their revenue claims, this will still see a decent run but the question of whether or not there are new notes and how much more dilution to pay off the current notes remains. Literally when I bought this I confided in friend that whether it was a scam or not, there would be solid movement but the answers to various questions could mean the difference in being able to stick it out comfortably, or selling out before it was halted or de-listed by the SEC. Regardless, I see the overall potential being upward.
I've never been one to say that there would not be positive price movement here but the question of how long it may last and how far the upside potential here is, depends largely on numerous factors that the company has thus far chosen to refrain from elaborating on.
I just sent this to ACGX. Depending on the answer, I may stick around for a while:
Quick question; in today's news release you mentioned that "In exchange for some preferred equity shares in ACGX, an existing investor has agreed to purchase the potential rights Golden State may have had in the financing instruments."
Are these preferred shares toxic notes?
I had been looking forward to the company finally being debt free but this reads as though there are more notes on the way.
Also, what exactly is meant by this investor purchasing the "potential rights" that Golden State "may have had"? How does one purchase rights to something that is only potential and only might have existed?
I had been thinking about potentially purchasing more if the elimination of debt was a possibility but the content of this news release has me concerned.
Does this mean that the preferred shares mentioned in today's release won't be toxic notes then? If so, I'll cancel my sell orders. I'll have to send a message their way to get a confirmation.
The only real positive thing I'm seeing in this news release is the fact that although it seems we're being hit with further dilution in this scheme through more toxic notes, the notes probably won't be converted for a while. Literally one of my prerequisites for deciding if this was a scam was to see if there would be a dismissal of this case that would somehow correlate to more notes being added either just before paying off all of the current ones, or just after announcement that they were paid off.
My reasoning for this was because if more were added around either of those scenarios, it would suggest that there may be some kickback situation going on and the real money being made by insiders being through the need for notes. I hope I'm wrong but this is seeming to be exactly what I imagined would occur and if so would further explain the non-audited financials and general lack of updates.
No other reason for grown adults running a company to all sign off on referencing "some" shares in an official corporate release and not the amount, without them obviously trying to hide something there...AGAIN. This release raises more questions than answers. Not really anything to cheer about just yet, aside for the dilution not necessarily being from Golden State, if these are toxic notes and instead now being from some mystery investor.
One of my major concerns here was always that just as ACGX was preparing to completely pay off all of their toxic notes through printing shares, there would be some sudden and unexpected reason for them to feel a need to have more toxic notes put out. And I always thought that the case could have in actuality been a means by which to justify more toxic notes.
Am I reading the following from today's news incorrectly? "In exchange for some preferred equity shares in ACGX."
Does this not mean we likely have more convertible notes, that will take more dilution to pay off, and this could just be a continued dilution scheme? Is their reason for saying "some" and not a specific amount a bit unprofessional and potentially in effort to downplay that there will once again be a hefty debt weighing this down from toxic notes?
Seriously wondering, so if you are more knowledgeable than I, please shed some light on this because as I'm reading it it seems the notes are just not going to end.
Lmao, I mean from Q1 2010 to Q2 this year, they've already shown over $86 million revenue combined. By the end of this year that should be just shy of totalling $100 million in 7 years time, yet they'll still claim being nearly peniless with no audit.
Yeah, I've always suspected that the reason for the incredibly small amount of news and then when news is released, it being mostly inconsequential non events, has really been in effort to fly under the radar while diluting their shares, so the SEC wouldn't catch on too quickly.
Granted announcing large revenue numbers is not a below the radar activity in itself but it's also literally the one and only thing that could get people to sink money into a stock that has had maybe 3 significant press releases in just as many years.
They've been averaging $10 mil or more revenue a year for 7 years and still won't have an audit done for a reason.
Unfortunately we will not know that reason for quite a while because as much as the supporters say that ACGX is great, the truth of the matter is that management here seems entirely unwilling to help back up their claims in any way. Likely also the same reason.
At the rate that things have been going this year with their internally created claimed finacnial statements, they will have seen just shy of $100,000,000 in sales in 7 years time, so the fact that they have less than $250k in the bank is not quite so reassuring.
ACGX is still losing listings on the domains of other sites this month, pretty rapidly unfortunately. Almost feels like they're giving up when paired with the complete silence as far as updating shareholders is concerned. Hopefully Sorkin will hope at the stock harder to make it perform well. I usually prefer press releases and audited financials but at least he hopes for us. That should be worth at least a $.0001 uptick, amiright?
Glad to see Paul has decided that ACGX shareholders are due the bare minimum that investors in any publicly traded corporation should expect from management. Well, communication-wise anyway. If said increased communication is bad news, that would be a whole other story.
I imagine that Paul was impressed by your ability to actually market the company while he sits on his hands and abstains from doing so. We can only hope that he takes note of the strengths that you brought to the inbox and works diligently to learn how to have ACHX emulate it, or some other form of marketing. He should ask you some pointers, or just hire a marketer, so he can get some actual meaningful press releases together. It would work better than him blowing a gasket, hoping too hard at the stock, to make the price go up.
He's referring, to my reference, of something Kaching posted a week or two ago. Needless to say, I definitely hope he was mistaken. He had mentioned hearing from the company that that may be a possibility and that they were looking for an investor to take the debt off their hands.
I'm hoping the final tidbit of notes ends up being the true final debt but I guess we'll see.
All gripes aside, ACGX is undeniably very thin right here. The fact that such low volume could push it up 3 ticks is good stuff. If there is actually a surprise announcement of something big, it'll go gangbusters.
I'm just stating the facts of the actual data before me. When the data is good, I say it's good.
They saw solid growth with regard to backlinls to peolevine on other domains over the course of the year and i stated that previously. They saw some pretty solid growth with their Alexa rank and I stated that previously.
The current state of things seem to have flat lined. This month has seen essentially no growth so fr and only declines in the amount of domains linking back to people vine. Not necessarily a collapse but if this keeps up throughout the month, barring some major clients (their reports state that a handful of clients drive the majority of the revenue) it more than likely would not bode well.
When the were making solid progress in keyword ranking, I stated that they were but now I'm seeing them fall from page 1 to page 3 for some of their key terms. That is not a good thing but there is still of course room for growth.
The fact that their people vine platform does not seem to be taking hold on new domains (clients) and is being lost on others this month, is not good, just as their stone silence is not good, just as the potential ramifications of this settlement are more than likely not good, just as their continuing to dilute the shareholders to pay off minimal debts while claiming record revenue growth is not good.
Should the data suggest otherwise, I'll say so but unfortunately the only consequential data provided by ACGX is their unverified financial information. And even their internal financial documentation, though unverified, shows that as of today they have saved about $338 in the bank for every $1 Million that they saw in revenue since 2010; Also not good.
Did you see the way that the cheerleaders on this board perked up and something big was coming, just because ACGX's peoplevine tweeted that co-working spaces should use their services?
That's how nothing there is to see here. The only known catalyst is the potential to see the notes paid off through more dilution soon. The problem there is that a poster o this board who frequently speaks to ACGX management said the court ruling with Golden State could see another 1 billion shares added to the outstanding, so they're trying to find some entity to buy that debt.
This is just a long free flow of bad news, with little in the way of positives.
Even better, after seeing some very strong gains in people vine links spreading among domains, I see that they have been sideways and now dropping over the past week, more likely than not meaning they are losing clients that are having them removed from their sites. Hopefully the ones they gain, are spending far more than the ones they are losing. They had seen steady gains but now it almost seems as though they've closed up shop for a week.
They've also started to fall off heavily for a bunch of keywords on google lately, so their seo angle is falling too but I'll continue to keep an eye on that to see if they improve. Smh
#trainwreck
Considering that that account averages less than 5 likes, re-tweets, or comments combined for every 100 or so posts, I'm going to hazard the guess that those are all fake followers built up by bots and this will provide very minimal awareness to ACGX.
But it's still single-handedly attempted far more marketing awareness to ACGX today, than the companies paid management team has in the past year, so I ain't mad at it.
Unfortunately you are absolutely correct. Those are all valid concerns that the company seems entirely unwilling to put to rest. Being that ACGX management has been seeing the same complaints and concerns for years on end, dragging the price down for their loyal shareholders and STILL refuses to properly address them or provide any sort of legitimacy to their financial information, speaks volumes on their transparency and unwillingness to put a good faith effort toward being fully transparent.
The worst off in this case are the cheerleaders for ACGX, that can't even find support from the company itself in trying to support the company's claims because while they cheer ACGX stands silent, apart for a few scant tweets or facebook posts. The most powerful reaction to refute your claims is for them to repeat the weekly expectations of:
1. News on the way soon!
2. We're gonna close green today.
3. Something's brewing here.
Because the company itself is providing nothing of substance that can dispel what you've said. They seem to refuse to, with the only seeming reason to do so being that they have something to hide.
Knowing that we are posing these questions, will they provide transparency to show their most loyal traders that all is well? Probably not because if this has been the mantra for years on end, why would they bother now?
Literally 100% of the instances in which someone has told me to look at some other company running and citing that ACGX's financials are better than theirs, that other company clearly had audited financials, unlike ACGX's shady refusal to allow a third party firm to prove their claims.
I just looked that other company up that you mentioned and lo and behold, they like all the others, have audited financials.
ACGX claims to have landed over $86 MILLION in sales since the beginning of 2010, and currently has less than $250k in the bank. They claim that they cannot afford to pay for an audit, and pay off minor debts by issuing new shares, nearly doubling the share count in the past year and a half all while citing record revenue.
In Q1 this year they gave away 145 Million shares just to pay off $23,700 in debt.
Q2 last year they claimed $2.34 million in revenue and still were so penniless that they had to issue another 45.75 million shares to the OS, just to pay off $7,320 in debt.
The struggle here stems largely from their unwillingness to verify any of their claims, while simultaneously claiming to have made just shy of $90 million from 2010 to now and not even having the cash to pay off $7,320 in debt in Q3 of last year, let alone the 450,000,000 shares they added in the first 6 months of this year.
ACGX is a company that begrudginglyarkets itself a few times a month, while simultaneously being a business that hopes to market for other businesses.
They posted a tweet today, that essentially asked businesses to try out their services. Since July 6th, this is their third tweet and the first of which that has marketed them as a service that others can use.
In three months time, they have now only once, used social media to raise awareness to their services and their business model aims to get other companies to utilize their platform to market themselves from a company that almost refuses market itself.
If you had a friend that tweeted on average once a month would you think him worthy of paying to run your twitter campaigns?
If you had a family member that does not even have a Facebook account, would you hire him to work yours?
If an SEO firm pitched you by saying that they would get your website to page 1 of google for keywords and didnt show up on google for any keywords themselves, would you pay for those services?
Let's all hope that the marketing efforts that ACGX uses for themselves, are not the same efforts that they put toward their clients because if they are one in the same we're in trouble.
You have to cut him some slack. The company's only made a little over $86 million in sales over the past 7 years. So clearly we have to give him time to save up his pennies to release a simple press releaase first
I wish ACGX was getting a lot of attention but there were only 5 individual accounts on twitter that posted about $ACGX within the past 24 hours. One of whom was Copper Hunter from this board and another being some guy named Andrew. Admittedly a couple of the posts from a stock group page got a few likes. I think you may be confused by the way that twitter mixes in older posts among the new ones, so it can give false perception of more people joining the conversation when they aren't.
On the bright side though, those 5 accounts on twitter just provided mroe tweets about ACGX, than ACGX has in the past 3 months, so good on them.
That same account has literally tweeted about no less than 25 stocks in the past 48 hours, with one of them so happening to be ACGX. Just because his profile description is "I am part of a group that may be paid to advertise public information!" tht does not at all mean that he has been paid for any of those tweets.
Zeroing in on one of 25 companies that this account tweeted in a two day period and trying to hype that up, just goes to show even further how little help ACGX management is giving their staunchest supporters, in trying to generate interest in this stock.
That account also has fake followers, providing no sort of comment, liking, or sharing interation with it's posts. I suspect that a promotion from them would attract the same sort of nonexistent awareness, that all of their other posts do.
Also their site that they link to in their twitter profile gets so few visitors, that it does not even rank in the top 30 Million sites for traffic. Looks like the long wait continues unfortunately. We should not create false hope/hype over this completely unknown and unfollowed twitter account.
ACGX has sent out 3 tweets since June 29th. Meanwhile we're hoping they expand their business by convincing corporate clients to let then handle their marketing.
ACGX tweets juuuust enough to make it seem like there's a viable business going on. But even that, just barely, like they don't even care about keeping the story alive anymore.
I suspect the same. The continued silence from the company says a lot IMO. They've pushed even the constant cheerleaders to the point of trying to claim that it's actually a good thing that they are not releasing press releases until all debts are paid. Literally trying to make claim that they should be keeping us all in the dark, as though that is a real and just strategy.
The continued silence on the court case, should bring all involved here to be careful with how they treat this one.
Traders are on here providing riddles and clues to try to find out what should be made publicly known by the company. Rarely have I seen so many red flags pop up with one stock and still see people so blindly support it, when the company's management itself isn't even putting in half the effort that they are.
He management of ACGX does less to support the marketing of this stock than the individual traders on this board do.
He doesn't have any inside info. "News this week" or "news soon," are just things ACGX investors say on repeat every week to take their minds off of the fact that this company rarely releases news and mostly keeps investors in the dark.The good thing about saying that over and over though, is that you'll eventually be correct, which is exciting for a moment before you realize the expected news was about a cardboard box redesign, or a largely unexplained partnership with a small company that provides no working details or numbers, or anything.
Other fun ACGX adages are:
- All it takes is one major announcement.
- Looks like the selling is over.
- Dilutions done, now we move.
- They're smart to not audit their financials.
etc.
It really is a shame that ACGX tries to operate in the shadows so often, that we have to get free trials to a website and follow Clue Board game style riddles on investors hub, to learn what the company should have already publicly released for all.
Pretty shameful on their part really. And yes, I know anyone can access it but the sheistyness they've been exhibiting just keeps stacking more heavily.