Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm curious, since you don't believe that any of those reasons factor into the drop, outside of "people have been selling'," what do you think has caused the price to go down so much?
Market cap $1,847,035
I recall the cheerleaders saying it was so undervalued in the .004's, .003's, .002's etc, as they also announced intent to buy at the bid and not the ask.
For those that continue saying "I can't understand how this is so low," here are the reasons:
1. Financials are unaudited.
2. ACGX claims to have seen $86.6 million revenue since the start if 2010 and has saved less than 1 half, of 1 half, of 1% of that in the bank. (0.28% to be more precise. Or more aptly stated, $240,000)
3. They claim to have seen nearly 10% of 1 Billion dollars in revenue since early 2010. Their reason for not auditing/providing proof of their financials? They're too expensive.
4. They project 18 million revenue in 2017. Normally this would be great but if they only have $240k out of their last $86.6 million in sales, will that money disappear too?
5. They operate almost entirely in the shadows. They tweet an update almost bi-monthly at this point, to at least keep the semblance if a business. If those updates are all there is on social media, how can they convince companies to come on board with their PeopleVine platform, so that they can help them run their social media campaigns?
6. Press releases are very infrequent and when they come they are incredibly inconsequential. Aside for revenue announcements and announcing massive dilution to pay off debts, the only other recent press releases have been to announce the design of a cardboard box (Yes, I'm serious), and a partnership with a company that packages oysters, with no further details regarding information or numbers provided.
7. Rampant dilution to pay off their debts:
- 724 million shares added to the OS from July 1st 2016 to June 30th 2017.
-445 million shares added to the OS in the first 6 months of 2017.
- From July 1st 2016 to September 30th 2016, ACGX added 45.75 million shares to the OS, just to pay off $7,320 in debt. This was during a quarter where they claimed to have seen revenue of $2.34 million.
Haha, I fully agree!
As soon as I realized their claimed revenue since 2010 has been $86.6 million and about 1 half, of 1 half, of 1% of that is saved in the bank; 0.28% saved.
(And that's rounded up!) I figured this was very likely a con game but still you never know.
Revenue since 2010: $86.6 Million
Cash in the bank: $240,511.
Sheisty
I have to admit, I'm pretty impressed by the patience of people that have been expecting big news soon here, for years on end, with nothing to show for it, and are still sticking it out. I wish I had that sort of patience. But as Warren Buffet said "the stock market is a device for transferring money from the impatient to the patient."
The OS has been unchanged for 1.5 months, after being straight up savaged for a year with well over 700 million shares added; not necessarily a cause for celebration.
I've been eying a similar profitable play with audited financials, 10's of millions in revenue per year, with OS unchanged for 4 years. That is the sort of follow through that I would like to see from ACGX. If the next report showed that they truly didnt dilute for this quarter and paid off debt in cash, I would certainly be looking to add more.
What great news? Aside for dilution/debt reduction news, and unaudited financial news we've heard the following in 2017:
1. They designed a new cardboard box.
2. They partnered with a company that packages oysters. No further details released.
When you dilute nearly half a billion shares into those not quite so riveting announcements, it's no surprise that this is trading the way it is. The news releases have been meaningless fluff, for as long as I've been watching.
I've been thinking the same thing about kickbacks being a likely scenario. I.e. potential of noteholders and management being friends and this just being a means of diluting to share the money. That way they can keep saying "we've sold no shares" while doubling the share count over the course of the past year, so that others can sell them. Just a supposition of course.
As for the people that say but why would they sell? The answer is because 1,000-2,000%+ gains aren'
t bad at all. They're definitely faring better even selling at this price, than any individual share holder. This company operates almost entirely in the shadows and only emerges to send out the timely un-verified revenue growth report and press release to dilute into, and the bi-monthly tweet of some sort of meeting, to give the perception of a business being run.
I'm starting to wonder if maybe the reason that the biggest non revenue related news was the creation of a cardboard box because literally in that time, they actually only had created a cardboard box.
Not really a misleading time frame when you consider that more than half of those shares (450 million of them) were issued in 2017. I saw your question in the other post. I started here earlier this year.
So far each time I've seen them use the term "negotiate," it meant they were issuing more shares to the float. The most recent releases from the company said they will further negotiate, so considering the 450 million already in 2017 and their announced intention to continue negotiating, I'm still expecting to see continued dilution.
I'm anticipating around 300-500 million shares to be given away for cents on the dollar as per the usual, to pay off this next $100k in debt at this rate, if the price doesn't improve.
And yet they can't scrounge up enough cash to use any of it to pay off debts. From July 1st 2016 to June 30th 2017, they added over 724 million shares to the float, essentially doubling it.
July 1st 2016 to September 30th 2016: 45,750,000 shares printed to pay off $7,320 in debt. Meanwhile they claim to have seen $2.34 MILLION in revenue that same quarter. They had to issue over 45 million shares to clear up $7,320 in debt during a quarter where they pulled multi millions? This all gets sketchier the more I read. No company that believed their shares were actually worth something, would treat their shareholders with such reckless abandon like that.
Even you have to admit something's up with that.
Yup, you're making the same points that I'm making. The note holders have managed to see 1,000-2,000% gains as a result of these deals and because of the $.0001 par value, they may have certainly been selling all along the line at various price points.
Also you've hit the nail on the head with regard to what I was saying about there being no available data to refute StockZoom's assertions.
As for proving otherwise about issued shares, that's is very easy. Go to their latest quarterly report here:
https://www.otcmarkets.com/financialReportViewer?symbol=ACGX&id=176861
Run a CTRL+F search and type in the word "issued." You will be shocked by the amount of results. They issue shares very regularly and give them away for cents on the dollar. Check out just this one highlighted area. That time period alone from July 1st 2016, to June 30th 2017, was over 724 million shares issued. Considering the current OS they have about doubled in the past year:
The O/S being unchanged for the past 1.5 months vs their giving away nearly half a billion shares over the course of the first 6 months isn't really much cause for celebration. I hate to say it but nothing looks good here anymore. I recall half the reasoning that people had for being here was the reasonable share structure, then they hit us with the "another 300 million added and given away for cents on the dollar" announcement.
Remember they said they'll be negotiating some more and negotiating thus far has meant giving away 100's of millions of shares like it's a fire sale.
No data available that can refute StockZoom's assertions. There is a lot of data available, but the majority of it leads one to believe that this is a house of cards ready to collapse. The more I delve into their reports, the worse this looks.
It was only today that I realized ACGX added 145 million shares to the OS and gave them away to note holders to pay off $23,700 in debt in Q1. There's no way a company averaging around $10.5 million revenue for years on end, would have to stoop so low to pay off a paltry amount like that. I'm in my 20's and could pay that off with cash. lol
Seeing that pretty much confirms to me that there will be no audit here. It's just a long slow dilution game that's picking up faster with each Q.
ACGX has seen over $86 Million revenue from 2010 to now.
ACGX has about $250,000 in the bank.
ACGX gave away 450 MILLION shares in the first 6 months of this year to pay off $323,700 in debt. (In Q1 they gave away 145 Million shares just to pay off $23,700) Desperate actions like this are why I harp about the need for an audit here. If they're making all these millions, why wouldn't they come up with cash offerings instead of printing massive amounts of shares to pay off tiny amounts?
It would cost you $232,000 at current price, to purchase the amount of shares they gave away in Q1 to clear up just $23,700 in debt.
450 Million shares at current price = $720,000
450 Million shares at Q2 High = $1.89 MILLION
For everyone constantly wondering how ACGX could be so undervalued, this paints a pretty clear picture of why. Various noteholders have seen more than a 2,000% return, mid Q2 at this rate, so I don't really buy it when Sorkin says they aren't selling. Why wouldn't they want the free money?
I pretty much agree with all of this. There is no data to suggest that anything that you stated is untrue, so there is literally no way for anyone to refute these assertions, largely due to the fact that management here is horrible with investor outreach.
There have actually been points at which I nearly messaged through ACGX's contact us form, to see if I could receive confirmation that there were still living breathing humans at the helm. Like I actually thought to myself that they might have actually died. I'm not even kidding.
And they did in fact give away 300 million shares for cents on the dollar. And as they like to tout in their releases, it was during a quarter when they had run up to as much as $.0042.
Meaning that the shares they gave away in Q2 to pay off $300,000 in debt were at one point worth as much as $1.26 MILLION.
Q1 was even worse. 145 MILLION shares given away to pay off $23,700 in debt. At current price 145 million shares is worth $232,000.
So as you mentioned, it does not seem at all implausible that this is just a share selling scam, perhaps with kickbacks being paid back to management.
I really hope it isn't but as mentioned above, the company has provided no data for investors to better analyze the situation and at face value giving away nearly half a billion shares to pay off $323,700 worth of debt, while they have seen over $86 MILLION revenue in the past 7 years is ridiculous.
I guess I might as well debunk another one of your posts, since they all tend to be filled with inaccuracies, fabricated conspiracies, and flip flops in sentiment. Flip flops especially being that you have stated that ACGX is both certainly not diluting, and certainly diluting, by citing the exact same information to support either side.
And also initially coming to this board stating that it was a scam, then buying it and stating that this is the greatest company on the OTC, and now again selling it and stating that it is a scam again. This pattern is unbecoming of a gentleman.
In this instance, with regard to your latest post, I'm referring to your following assertion: "why do you think I unloeded this trash at 0.0025 long time ago
because I saw writing on the wall."
About 5 weeks ago you stated that you would be out at .0021 if it ever made it there and that the price would not surpass .0021 because you and your friends had many tens of millions of shares to sell. Since that post the only day that ACGX attained a price point of .0025 only on 8/9/17, just last week. You did not sell "a long time ago."
If ACGX had managed to save just 1% of the revenue they claim to have made in the past 7 years and put it into the bank without touching it, they would currently have just over $866,000 in the bank, which would of course still be pretty terrible, considering over $86 million in revenue during that time-frame.
In reality, they report that they haven't even saved one third of one percent of those sales have just recently cracked the $250k saved mark.
Makes you wonder...
The wild thing about that one is that their 2016 Annual report showed no cash balance at the end of either of the past 2 years, closing the past three years out with losses, no cash balance, and no assets. Yet their PR today stated that they are retiring their note debt with cash and not shares.
Meanwhile ACGX made $90,000,000 in 7 years and can't afford to do the same as a company that has $0 i nthe bank, lol. I'm hoping ACGX's next $100,000 in notes takes less than 170,000,000 shares to pay off because they're only expecting to see around $18-20 million in sales this year and thus are too poor to pay debts with any sort of cash, audit their sketchy financials, or even put out more than a PR or 2 a month, outside of announcements involving revenue numbers that they compiled internally and had a firm sign off on with a disclaimer saying they essentially didn't check the info for inacuracies. They release news so infrequently, it makes me wonder just how shoe string their budget really is.
I recall this one publicly trading pizza shop that was putting out news more regularly a while back and it was not a major chain. The ebbs and flows of news are so infrequent here, that investors on this board, spend more time bickering amongst each other and coming up with strange conspiracy theories, than they do being able to talk about the compny itself.
All this is mainly because outside of a special announcement to say that they added 450,000,000 shares to the float in the first 6 months of 2017 to pay off around $300k in debt because they're too broke to utilize any money, and another big news alert that they created a new cardboard box, there is truly nothing notable to discuss aside for the near $90 million they apparently pulled in in the past 7 years, of which there is about $250k in the bank. I still say there is something odd about thier cash on hand being about what my networth is, in my 20's, when they claim to have seen such massive revenue for an OTC stock.
Something doesn't add up here but I think that will become more apparent as the years continue to drag by without an audit
As soon as I saw those stats I figured they probably have audited financials, then checked and saw they do. When the question of whether or not ACGX is truly making revenue isn't a guessing game we'll probably go that way as well.
Auditing isn't just for the purpose of up-listing, it's for the sake of allowing investors to know with certainty, that they'r not investing in a company that claims millions in revenue, that is actually making $20-30 a year. An extreme example but still, there are so many companies on the OTC with horrible losses and low revenue, that audit and are trading far better than ACGX.
All right, let's take the maximum of that spectrum and say they spent $80,000. That would still be less than one full day of sales revenue as per Q1 2017. Still well worth all the confusion and accusations that get thrown around to provide that peace of mind to investors.
That is a key thing that I've been eying here. Very interested to see how they decide to pay that off and whether or not they will truly cut off dilution after it's said and done.
Because they saw revenue of more than $86 million since 2010 and it is one of the key things that numerous investors, including myself, keep harping on as turning them away from wanting to buy.
An audit costs about $30-50,000 for a company this size. That's less than 3 hours worth of sales in one quarter, according to their financial report.
As per Q1 2017 financials, it would have taken ACGX on average 2 hours and 48.6 minutes out of one business day to be able to pay for an audit. I think the risk to reward ratio of spending the revenue pulled in before lunch time, during one day at the office, is well worth quelling the never-ending questions of many investors targeting this same issue. More likely than not the value earned would outweigh the money spent and allow that potential move to .01 for an up-list, to run more smoothly. I have already had more than 5 people tell me that the reason they won't invest here is the lack of an audit, so there's clearly a decent amount of people that take audits seriously.
There are companies not even pulling in one tenth of the revenue that ACGX claims, trading higher and stronger because they have audited financials, so investors are able to confirm they aren't being played for fools.
Lol, if my numbers are off, you're confirming that you either possess some sort of insider information, or the companies information in the financial reports was off, which would be a MUCH bigger issue. But do enlighten me Solaraone. The below is the information I read in the financial disclosure form. Do please correct it, so that I can gain a better understanding here, though I'm assured your insults are more indicative of yourself and thus you will provide no form of constructive thought, aside for further insults. I'll wait :
As per the financials:
Annual Revenue 2010: $11,393,213
Annual Revenue 2011: $9,095,127
Annual Revenue 2012: $10,558,192
Annual Revenue 2013: $10,769,757
Annual Revenue 2014: $12,130,151
Annual Revenue 2015: $11,530,239
Annual Revenue 2016: $11,274,185
Q1 Revenue 2017: $5,116,436
Q2 Revenue 2017: $4,733,909
Total Revenue From 2010 until today: $86,601,209.
I'll pitch these to the company as well but I just felt like mentioning some of the red flags here. ACGX is said to be smart for not having their financials audited before paying off debts (that are paid by issuing new shares anyway, which throws the saving argument out the window) but has seen revenue, as per their unaudited financials, of $86,601,209 since 2010.
They've been averaging about $10.5 million in sales a year for seven years straight and still can't afford an audit, and only have $240,511 in the bank? Red flag.
After nearly $90 MILLION in sales in that time frame, they still have to dilute to pay off debts in the low hundred thousands?
At this rate will they need nearly $1 BILLION in revenue over the next 7 years, to save up slightly more than $1 million in the bank?
I understand that they claim to reinvest the money back into the business (which has done nothing tangible for shareholders) but they must be able to mastermind a way to save up more than a quarter million after every $86.6 million in sales. This seems really fishy to me but perhaps someone can explain better than I, before I send it to ACGX.
My main question is why are they struggling with debt so much, when their revenue stream has averaged around $10.5 million per year, for the past 7 years?
As per the financials:
Annual Revenue 2010: $11,393,213
Annual Revenue 2011: $9,095,127
Annual Revenue 2012: $10,558,192
Annual Revenue 2013: $10,769,757
Annual Revenue 2014: $12,130,151
Annual Revenue 2015: $11,530,239
Annual Revenue 2016: $11,274,185
Q1 Revenue 2017: $5,116,436
Q2 Revenue 2017: $4,733,909
Total Revenue From 2010 until today: $86,601,209
Am I the only one here that finds it odd, that ACGX has seen revenue of almost $90 MILLION since 2010 and still has to dilute to pay off $100,000 in debt?
You mean the email saying that they haven't added shares in months? They gave away 450 Million shares to note holders in the first two quarters. Quarter 2 they gave away 300 million shares to clear up $100,000 worth of debt, during a quarter where ACGX traded as high as $.0042. They're literally giving away shares/diluting for cents on the dollar. Why do you think they're going to stop now after doing this almost every single quarter?
Because I hadn't realized the 1 billion vshare conversion possibility with Golden State. I was looking at this as a long term play but if that's correct this isn't looking too great to me. I hope I'm missing somehting here beyond the fact that they "hope" someone buys this debt for them.
Are you saying that Golden State alone will mean another 1 BILLION shares added to the outstanding share cont, by the time they're fully paid up? If so, I really messed up with this one...
That's one of my favorite aspects of ACGX. Convertible debt being almost fully paid off, means that there should be no reasoning for dilution soon. I expect that to be full taken care of followed by a debt free announcement this quarter
You aren't kidding! With this sort of reporting, I can definitely see this as a buyout or merger candidate for a major or mid-level firm. CRM companies are constantly seeing buyouts and with this sort of profitability, I feel like it's just a matter of time.
Quarter 2 financial results were released, followed by a press release about the results.
Key points:
1. Q2 Revenue increased by almost $2,000,000 over Q2 2016.
2. Over $6.6 million in assets on the books.
3. Net incomes increased by 1,373% from this time last year.
4. Only $103,000 in convertible debt left.
So the company is building revenue fast, is almost entirely debt free, is forging new partnerships, looking into merger possibilities, recently launched Version 2 of PeopleVine, settled a major case against them, and much more. Big things to come, with so many things happening, and growing so quickly.
ACGX owns PeopleVine and the trucking company. A while back they had become profitable and then purchased PeopleVine, which brought them back into the red for a bit and now has them surging into profitability faster than ever before. PeopleVine is now the fastest growing aspect of the company and expected to bring on far more revenue.
Debt is almost negligible and should be wiped out this quarter if it hasn't been already. All debt was from prior toxic loans/notes to help the company grow. These have been paid off in shares because of the stipulations of the prior agreements, which were made back when ACGX wasn't even netting $1 million in annual sales. As of the last tally there was only about $100,000 left to be paid off, meaning there is very little holding it back, barring unexpected occurrences.
Plus significant growth of PeopleVine! There are over 644 million active websites in the world. Alexa.com ranks the top 30 million, or so. The lower the number the better your traffic rank. Google having the highest traffic for example, is ranked #1.
From March 23rd 2017 to today, PeopleVine has surpassed the traffic ranking of another 524,025 websites, to be ranked among the top 446,000 sites out of over 644 million total active websites globally.
That is a big deal and it's only improving. Stats on their traffic can be seen here: http://www.alexa.com/siteinfo/peoplevine.com#?sites=peoplevine.com
I've also been eying their SEO (Search Engine Optimization) stats for google ranked keywords. Nothing stellar yet but they're on the cusp of some major breakthroughs. They can definitely expect to see their placement and traffic from search triple or more by years end, due to having so many page 2 and 3 ranked terms that are making a push toward page 1.
They currently show up on google for 1,100 different search term keywords and growing.
This company is picking up FAST! I certainly suspect that the price will follow. If they were seeing the sort of revenue growth that they were before this huge shift in traffic and SEO strength, this will be a whole new ball game by the end of the year and beyond. PeopleVine's growth has only just begun.
The next Q isn't due out until next week Tuesday. But the company plans to have it out earlier. Doesn't need to be ready right now.
Bid's building nicely. Looks very likely to be another solid green day in anticipation of big numbers coming from ACGX.
Lmao, this is like a demotivational poster/meme for investing. You gotta work on those salesman skills man.
I'm trying to imagine a friend of mine trying to get me out and being like, "you should come out to this concert man but it might REALLY suck because they usually choose to suck" and then wondering why no one joins me. I think ACGX will be just fine
The next 10Q is due out by 8/15/17 meaning one and a half weeks from now but management has stated that it will come out earlier than that. So it could be any day before then. Super soon!
I just looked up the traffic stats for People Vine and realized that it's quickly on it's way to being one of the most heavily visited sites in the world: http://www.alexa.com/siteinfo/peoplevine.com
With the speed at which they're attracting new visitors, the revenue is likely to keep kicking in faster. Definitely a good time to be in this one.
With the low volume, light ask and lack of news, the fact that this is still holding up well is pretty impressive. With the numerous coming releases that we may be seeing, including the Q2 report, I suspect that this could easily break through the $.0042 resistance very soon.
The CPA firm's disclaimer essentially says that they are not confirming the validity of the documents and are signing them as the company gave them to them. Offers no more validity than one of us saying we made $1,000,000,000,000 today and having them sign it for a fee.
Ask is super thin at .0021 this can easily be another green day
Your posts have gone from being wildly innacurate regarding trading in general, with the constant conspiracy theories regarding trading on ACGX, to actually getting to the point where I'm beginnng to feel embarassed for you. I would suggest that you take a break and regroup so you can try to think more clearly moving forward but the rants are also fairly humerous, so I dont even know what to say.
ACGX is clearly starting the beginning of a rally these past few days, into potential news and a Q2 report that is expected to be stellar, so this is looking like an overall fantastic scenario.
Judging by your prior posts, when ACGX begins to move up even more quickly, I imagine that you will for the fourth time, pull a 180 on your current stance and again tell us about how this is the best company on the OTC. Step away from the keyboard and get some fresh air my friend. It will serve you well to clear your head and think/behave rationally.