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I keep seeing people saying the projections were for $20 million but wasn't the original projection $17 mil, followed by an updated increased projection to $18 mil?
I'm not being a stickler but I don't want to see them make say $19 million and people start saying they didn't hit their projection when it was really just set at $18.
Regardless though they do seem on track to see $20 million+ this year.
ACGX
Awesome post! You hit the nail right on the head. ACGX is projecting $18 million revenue for 2017 and is already on track for potential $20+ million revenue and will also almost certainly be debt free before the end of the year. This price will be long gone soon.
Awesome news! At this rate they should be debt free within the next 3-4 months. I believe they only had $200-300k in debt left before this announcement. Meaning they should be announcing that they're debt free well before the end if the year. This is going to be multi penny af before you know it.
Nice, .0031's about to fall! I just picked up another 905,000 at .0031 a few minutes ago. Holding strong
Daaaaang, all depends in when my wire hits Monday. Already sitting on a bit over 12 Milly but I'm hoping to edge up to that 13 ^__^
Oh yeah? Well tell them to leave us alone Monday. I'm trying to sneak some more Shares
ACGX
Wow, talk about a reversal!
And here I was thinking I would prepare to buy more if it stayed down over the coming weeks. lol
Go ACGX!
Page 84 of the Q1 report provides the CPA firms comment on the financials showcasing exactly why people do not want to invest without Audited financials being completed:
"We have not audited or reviewed the accompanying financial statements (and supplementary information) and, accordingly, do not express an opinion or any other form of assurance on them."
Link here: https://www.otcmarkets.com/financialReportViewer?symbol=ACGX&id=171686
An audit would certainly go a long way.
I was thinking the same for that very reason! I'm going to have to assume that the mods don't really read this board, since people have been saying "remove that sticky or the price will drop and have a rough time recovering" since last week. And it's still there horrifying investors and having them scurrying away; oh well.
In telling people about ACGX, I have had numerous people liken me to a mad man for taking the risk of investing in a company that isn't auditing their financial info. Various friends have directly told me they will not get involved until an audit is done because we've seen OTC companies falsify financial statements too many times in the past. So while notes are one aspect holding it down, not having a full audit is also keeping many away.
I did the same over the weekend. Diluting immediately after their most profitable quarter ever to the tune of over $5.1 million revenue in three months because they're woefully strapped for cash, smells fishy to me.
I was talking about that earlier. Whichever mod put it up there is trying to bring this down. We've got a mole! lol. But really though, we might.
I don't know man. When Clay's video was stickied I saw someone on here literally ask why a mod would put that up as a sticky and that it would take some time to recover as a result. People called them tin foil hat conspiracists but so far their prediction of the movement has been correct.
You would think after multiple days of traders pleading for the mods to sticky actual information about the company, or may be research involving it in place of that chart post would make it happen but nope. lol
Or at the very least not sticky his videos to spread the fear, since so many people see them as a sign to short a stock. There's a lot of actual legitimate news, updates, and DD that should be stickied, unless there's some rogue mod trying to take this down.
I had been planning to do so in the near future but since you posed the question, I just decided to go ahead and do it now. Definitely very interested to hear the answer to this one.
I would suspect the same. It's just baffling to think that a company claiming this sort of growth and revenue would want to avoid certifying this information. That is the biggest issue with this one. And this is coming from someone holding about 1% of the float. It just seems a little shady to me, so I hope they have that done sooner than later. Also hoping to see them uplist just as you mentioned.
This is a key point of why ACGX has been struggling. So December 2013 the float was sitting at around 200 million or less and is now more than 1.1 Billion. I know everyone talks about how the dilution hasn't been heavy but around 900 million shares flooding in would hurt any stock, especially when they're authorized to go as high as 2.9 Billion.
Another major issue for me is that they still haven't had their financials audited. Why does a company that is hitting around $2 million in revenue per year, seemingly refusing to have that information certified?
Don't get me wrong, I am an investor and thinking about adding more this week but these two aspects have been major red flags for me.
I mean they're essentially saying, we're breaking records with revenue, with more money coming in than we projected with over $5.1 million in three months! ------> Dilutes to the tune of about 45 million shares, after said record breaking revenue Q1 2017 revenue, to pay off debts due to a lack of funds. What the, what? lol.
Any company with such self proclaimed growth should want to have audited financials. If they get that done and these numbers are confirmed by a legitimate outside firm, I'll be holding for the long haul.
Hot damn, you aren't messing around!
ACGX
5-10 cents minimum isn't a far cry at all!
Considering January 2017 Revenue was $1.3 million, the fact that Q1 revenue was over $511,000 tells us we're averaging $1,850,000 a month as of March and still growing rapidly. Likely that we'll blow way past the $18 million projection for annual revenue this year and see $25,000,000+ With a likely $35,000,000+ projection for 2018.
All in my opinion of course but fairly educated guesses. ACGX has A LOT of room to grow!
Oh snap, go hard or go home!
So you sold a few weeks ago? :-0
Float and outstanding both dropped by 44,432,111 shares as per the Q1 report:
"The total outstanding common shares as of March 31, 2017 were 1,238,961,054 with 1,108,640,079 of
those shares in the foat."
"Revenues for the quarter ending March 31, 2017 (Q1’17) were $5,117,436
compared with $2,665,798 for the quarter ending March 31, 2016 (Q1’16). An
increase of $2,451,638 or a 92% increase for Revenues created in Q1’17
compared to Q1’16.
Gross Profts for the quarter ending March 31, 2017 (Q1’17) were $1,880,224
compared with $634,671 for the quarter ending March 31, 2016 (Q1’16). An
increase of $1,245,553"
ACGX Q1 Revenue $5,117,436
Oh wow, ACGX is working with Uber, Konami, Dole, Mrs Fields, Green Giant and a bunch of others! I had seen all of the other big clients but never realized these were included as well. This company is huge. They even designed the packs that YuGi-Oh card decks are held in. lol
The first day my funds finally clear?
I try buying in at $.0012 and think there's a glitch on the bid and ask. Nope! I end up biyimg at $.0017 because they released news of over $5 million in Q1 revenue.
Now my new batch of funds don't clear until tomorrow. Don't be like me folks because ACGX is a beast that's full of surprises! ??????
#ShouldHaveUsedAWire
That is HILARIOUS! XD
Even though I am holding here I can definitely appreciate that comparison. Hopefully they'll channel the spirit of a little EDC and get moving after they start releasing key developments.
Yes, again, I'm not saying that this talk isn't occurring, I'm saying that it is indeed business as you've stated but it is business between Marketing Disrupted and People Vine. I just don't think people should get overly hyped thinking this means there's business with WeWork when it is a talk being held at a WeWork location for the companies involved.
I've been to We Work talks like this many times between various companies, with the last two being within the past month or so. None of these talks meant that the companies involved had business with WeWork aside for paying them rent for office space and scheduling the meetings. I'm bullish on the prospects of ACGX but don't go betting the farm thinking this is business with WeWork, when it is mainly just a meeting space for this talk and taping to be facilitated. There's a lot to be excited about here, without making that stretch.
Not random per say. I'm just saying for example, if you schedule to meet someone for a business meeting/talk at a McDonalds, you're not necessarily working with McDonald's, you're utilizing one of its spaces as a forum in which to hold your meeting.
There is of course always the possibility that ACGX may end up doing business with WeWork in the future though.
Meh, I wouldn't get too excited about that aspect just yet. Any company can request to speak or hold events at WeWork, especially if they have an office there. You can rent as little as a desk and be able to speak there but you don't have to even delve that far. I've been to a ton of WeWork events at different locations to hear what new companies have to say.
It's not so much doing work with WeWirk, as it is WeWork providing them with an open forum to speak. A lot of companies do this without actually having any business relationship with WeWork. And they usually come with free food and drinks, which is a major plus =P
Whaaaaaat? 0_0 That says they expect to be paid $4.6 MILLION dollars for that alert. I have never seen any one lone site claim to expect so much. If that's legit, it comes as no surprise at all to see this moving up. Wow
I'm down with that!
*Disclaimer: I have 0 shares of UNGS
Lol, I am watching it carefully though. Seems like this is a pretty reasonable entry point.
This was an awesome day for GDSM! I always like to see consolidation combined with a close to the upside. Likely moving into the .002's tomorrow.
Where did you see it stated anywhere that the CEO owned "no stock of any kind?" He clearly said "no stock in the market." Meaning that they are not freely trading in the market because restricted shares have a waiting period to be traded.
Perhaps your take actually was said somewhere but it is incredibly doubtful when applied to almost any company in existence ever, with an active CEO.
Actually, it means he has more reason to see the stock do well, than anyone else because he does not have free trading shares but instead has restricted shares, that have to wait a certain time period to be able to be sold. this means that it is in the CEO's best interest to see long term growth of the stock. You didn't really think a CEO of a company wouldn't have shares of his own company did you? Come on.
He doesn't have free trading shares that can be sold in the here and now, according to his tweets. If true, this is a good thing.
Incredible post! This should be stickied for all to read. Really puts things into perspective and shows that there is major stuff in the works here. Thinking this is going to rocket from this level.
The cup of tea that I just drank, has almost released as many marijuana/hemp related press releases as ENDO has in 2014.
#JustTheFacts
lol. Go ENDO!
Haha, true true. I'm surprised that didn't take us into dollar land. I mean sure there are companies with products and what not and this one has none. But they have pleasant feelings about the nothing they have and that's got to count for something right?
Go ENDO!
Has anyone been able to confirm that management here, is fully aware that ENDO continues to trade on the stock market? I think they might have forgotten somewhere along the line, so that could explain the lack of updates.
As soon as someone lets them know ENDO is still out there it's on!
So impatiently at this point, that ENDO has become an essential laughing stock among other marijuana plays. They've had one legit press release in almost 4 months. I don't even count the other because it said this:
. I'm delighted that it's somewhat sunny outside but I'm not spending hundreds on a press release to tell the world, because it would do nothing for anyone anywhere.
I feel like it would have been a more effective use of their time to make the press release "HEMP Delights us" Followed only by: I mean if you're going to put out meaningless press releases you mine as well go all out right?
I'm hoping for a followup release entitled "Hemp Exists"
Body: "It really does dude!"