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It was on their Facebook page. Have a happy new year!
By no means am I defending the company but almost all contest rules say those things. Most have a cash payout option for grand prize giveaways. They have had two monthly winners publicly posted so far. We will find out here soon enough.
Also, no matter what you want to call them, people were buying at the ask the last day of trading even with the pending R/S. Doesn't matter who, all that matters is someone did. Not sure why but they did. Every share must be held somewhere.
Common sense would tell us 1 of 2 things:
A) Either this doesn't belong on this board
or
B) ECDC will be held by that fund (guessing after the R/S due to clearing firms.
My guess would be B. That is just my opinion though and the only answer can come from either time or the company.
Mutual Fund Summary Prospectus (497k)
http://ih.advfn.com/p.php?pid=nmona&article=55627302
Aegis Value Fund (Ticker: AVALX)
SUMMARY PROSPECTUS
DECEMBER 31, 2012
Before you invest, you may want to review the Fund’s Prospectus, which contains more information about the Fund and its risks. You can find the Fund’s Prospectus, Statement of Additional Information and other information about the Fund online at http://www.aegisfunds.com/. You may also obtain this information at no cost by calling 1-800-528-3780. The Fund’s Prospectus and Statement of Additional Information, both dated December 31, 2012, are incorporated by reference into this Summary Prospectus.
The Fund’s Investment Goal
The Fund’s investment goal is to seek long-term capital appreciation.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees
(fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases
None
Maximum Deferred Sales Charge (Load)
None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends
None
Redemption Fee
None
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Management Fees
1.20%
Distribution and Service (12b-1) Fees
None
Other Expenses
0.27%
Total Annual Fund Operating Expenses
1.47%
Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
1 Year
3 Years
5 Years
10 Years
$150
$465
$803
$1,757
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 20 % of the average value of its portfolio.
The Fund’s Principal Investment Strategies
The Fund invests primarily in common stocks that Aegis Financial Corporation, the Fund’s investment advisor (the “Advisor”), believes are significantly undervalued relative to the market based on fundamental accounting measures including book value (assets less liabilities), revenues, or cash flow. This strategy is commonly known as a “deep value” investment strategy. The Fund may invest in securities issued by companies of any market capitalization, including small- and mid-capitalization companies. The Fund considers a small-capitalization company to be a company with a market capitalization (the value of all outstanding stock) of less than $1 billion at the time of investment. The Fund has no percentage allocation for investments in small- or mid-capitalization companies, and the Fund may invest up to 100% of its portfolio in the securities of these companies. The Fund may also invest in the securities of foreign companies and in real estate investment trusts (“REITs”). The Advisor may hold a significant portion of the Fund’s portfolio in cash or cash equivalent instruments. If market conditions reduce the availability of securities with acceptable valuations, the Fund may, for extended periods, hold larger than usual cash reserves until securities with acceptable valuations become available.
The Fund may, from time to time, take temporary defensive positions in response to adverse market, economic, political or other conditions. To the extent the assets of the Fund are invested in temporary defensive positions, the Fund may not achieve its investment objective. For temporary defensive purposes, the Fund may invest in cash and/or short-term obligations.
Principal Risks of Investing in the Fund
Because the securities held by the Fund will fluctuate in price, the value of your investment in the Fund will go up and down. This means that you could lose money over short or extended periods of time. Before investing in this Fund, you should carefully consider all risks of investing in: stocks in general, “deep value” stocks, stocks of smaller companies, and stocks of foreign companies. A summary of these risks is provided below. Also, for additional information, please refer to the section of the Prospectus titled “Additional Information About the Investment Strategies and Risks of the Fund.”
·
Risks of Investing in Common Stocks Common stock prices can fluctuate over a wide range in the shorter term or over extended periods of time. These price fluctuations may result from factors affecting individual companies, industries, or the securities market as a whole. Rights of common stock holders are subordinate to those of preferred stock holders and debt holders.
·
Risks of Value-Oriented Investment Strategies Value-oriented investment strategies bring specific risks to a common stock portfolio. Investing in value stocks presents the risk that the stocks may never reach what the Advisor believes are their full market values either because the market fails to recognize what the Advisor considers to be the stocks’ true value or because the Advisor misjudged these values. Value stocks may fall out of favor with investors and underperform growth stocks during given periods.
Due to its value orientation, the Fund may have a higher than average exposure to cyclical stocks. Cyclical stocks may tend to increase in value more quickly during economic upturns than non-cyclical stocks, but also lose value more quickly during economic downturns.
·
Risks of Investing in Small- and Mid-Capitalization Companies The Fund’s purchases of securities of small- and mid-capitalization companies bring specific risks. Historically, these company securities have been more volatile in price than larger company securities, especially in the shorter term. Such companies may not be well-known to the investing public and may not have significant institutional ownership or analyst coverage. These and other factors may contribute to higher volatility in prices.
·
Risks of Investing in Foreign Securities Stock market movements in any country where the Fund has investments will likely affect the value of the securities that the Fund owns in that country. These movements will affect the Fund’s share price and investment performance. Additionally, the political, economic, and social structures of some countries may be less stable and more volatile than those in the United States.
·
Risks of Investing in Large-Capitalization Companies Large-capitalization companies may be unable to respond quickly to new competitive challenges and are sometimes unable to attain the high growth rates of successful smaller companies during periods of economic expansion.
·
Risks of Investing in a Managed Fund The investment decisions of the Advisor may cause the Fund to underperform other investments or benchmark indices.
·
Risks Relating to Investments in REITs A REIT’s share price may decline because of adverse developments affecting the real estate industry, including changes in interest rates. The returns from REITs may trail returns from the overall market. Additionally, there is always a risk that a REIT will fail to qualify for favorable tax treatment.
Fund Performance
This bar chart and table show the variability of the Fund’s returns, which is one indication of the risks of investing in the Fund. The bar chart shows changes in the Fund’s performance from year to year over ten years.
The table shows how the Fund’s average annual total returns for one, five and ten years compare to the returns of a broad-based securities market index. Note: The past performance of the Fund (before and after taxes) is not an indication of how the Fund will perform in the future. Updated information on the Fund’s results can be obtained on the Fund’s website at www.aegisfunds.com or by calling 800-528-3780.
Annual Total Returns as of December 31
The Fund’s year-to-date performance as of S eptember 30, 2012 was 7.88%. During the period shown on the bar chart, the Fund’s best and worst quarters are as follows:
Highest Quarterly Return
48.49%
(2nd Quarter 2009)
Lowest Quarterly Return
-47.87%
(4th Quarter 2008)
After-tax returns are calculated using the historical highest individual Federal marginal income tax rates and do not reflect the impact of state and local taxes. In certain cases, the figure representing “Return after Taxes on Distributions and Sale of Fund Shares” may be higher than the other return figures for the same period, since a higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor. Your actual after-tax returns depend on your particular tax situation and may differ from those shown. These after-tax returns do not apply to you if you hold your Fund shares through a tax-deferred arrangement such as 401(k) plans or individual retirement accounts. All Fund performance data assumes reinvestment of dividends and capital gain distributions.
Average Annual Total Returns as of December 31, 2011
1 Year
5 Years
10 Years
Aegis Value Fund:
Return Before Taxes
-3.27%
1.22%
7.33%
Return After Taxes on Distributions
-3.27%
0.61%
5.99%
Return After Taxes on Distributions and Sale of Fund Shares
-2.13%
0.77%
6.00%
Russell 2000 Value Index
(index reflects no deduction for fees, expenses, or taxes)
-5.50%
-1.87%
6.40%
Management
Investment Advisor
Aegis Financial Corporation is the investment advisor to the Fund.
Portfolio Manager
Scott L. Barbee, Managing Director of Aegis Financial Corporation, has been the portfolio manager of the Fund since its inception in 1998.
Purchase and Sale of Fund Shares
The minimum initial investment in the Fund is $10,000, although for IRA accounts the minimum initial investment is $5,000. The minimum subsequent purchase amount is $1,000 unless the purchase is made in connection with the Automatic Investment Plan, in which case you can make monthly or quarterly investments of $100 or more.
You may purchase, exchange or redeem shares of the Fund on any day that the New York Stock Exchange is open for trading, subject to certain restrictions. Purchases and redemptions may be made by mailing an application or redemption request to Aegis Value Fund , c/o U.S. Bancorp Fund Services, LLC, P.O. Box 701, Milwaukee, WI 53201-0701, by wire, or by calling 800-528-3780. Subsequent purchases and redemptions may be made by visiting the Fund’s website at www.aegisfunds.com. Investors who wish to purchase or redeem shares through a broker-dealer or other financial intermediary should contact the intermediary regarding the hours during which orders to redeem shares of the Fund may be placed.
Dividends, Capital Gains, and Taxes
The Fund’s distributions are taxable and will be taxed as ordinary income or capital gains, unless you are investing through a tax-deferred arrangement, such as a 401(k) plan or an individual retirement account. Distributions on investments made through tax-deferred arrangements may be taxed later upon withdrawal of assets from those accounts.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase shares of the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other financial intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary’s website for more information.
$ECDC
Fund's site:
I think a lot of bid sitting and just waiting for Monday. Hard to get one's but great return if you do!
Perhaps you misread my post. 99%/1%. Pretty clear where I stand...please don't interpret my post any other way than what was typed. This is JUST THE BETA! Mozilla's last beta I used had only 50% of what was available of the final product...hence beta! Your argument is completely irrelevant to my previous post.
Also from what I have heard the bid has been larger than the ask just with people bid sitting...I don't have level 2 but I am going off what others have posted on here and other friends to include screen shots. So I would say there is still interest to make money...only reason we invest!
I agree with you 99%...the other 1% of me is giving the company a little leeway since this is only the beta. If it were the official launch I would be beyond upset with them.
The only thing keeping me here is the potential this (Vir2o) has. Will it reach it's true potential...MAYBE we'll actually see on the 24th! ;)
Remember the biggest business mistake Facebook has is the inability to monetize it's users...we'll see if Vir2o does that...once again hopefully the 24th this time.
Happy trading Duce!
Guess if we actually launch on the 24th then we'll see!
For us both, I hope the 24th is good then. I just want to know what Vir2o really is y'know? I don't think the stock will jump with the 24th but if it is good then we will push...if not then we sit. If no 24th...then who knows! lol
See you at the top Duce! If not with ECDC then with something else!
lol If Vir2o does what it states it will do then this will be huge. Just waiting for the 24th and then moving on yes. Not because I feel that the company is garbage just tired of my money remaining stagnant. Will I invest in ECDC again...most likely because money is around every corner.
It wasn't tic tic tic it was tick tock tick tock :)
Santa doesn't hit my town till the 25th lol! Lucky!
The only one that can make a decision on this lawsuit is the judge...not me, you, or anyone else on this board....let's see what the judge says (not that I even care! lol). If you failed to actively trade that is your fault. No one else's. Good luck to you and whatever future endeavors you face.
NO we don't know...if we did then we wouldn't be here waiting! lol
Sarcasm there lol...happy trading!
Many traders and investors that make money off companies like ECDC and many others. :) Play the cards not the company and make money!
Waiting now for the 24th...not happy but maybe we'll be surprised by what Vir2o has to offer. Scared money don't make money! If it doesn't launch by the 24th I'm done then.
$ECDC
Over a thousand views and growing...tick tock tick tock...the 17th let's us know what we got! Looks good to me and can't wait to get my hands dirty with it!
~~ECDC~~ Vir2o! See below from the PR:
Monday we get our hands dirty!
ECDC~~~Social Media site Vir2o Promo vid:
ECDC~~~Vir2o to launch Monday
Vir2o:
Vir2o:
Vir2o:
Would be. Trading right now is hard to figure out. Could be manipulation or could be dilution or both...to hard to tell for any of us due to the volatility at this level. Just a waiting game now to see how Vir2o looks and determine as investors if it is a Facebook killer or not. The PPS should act accordingly over time if it is valuable.
See you at the top!
$ECDC
I've seen many stocks bounce back from this level and I've seen many stay (sure you have too). Let's see what Vir2o brings to the table. 17th we all get to see what we have!
https://twitter.com/Vir2o
http://www.facebook.com/Vir2o?fref=ts
Wish I was cause apparently he gets paid a lot! :)
Brandon12, I know who the Board consists of because I've visited the Nevada site directly. Still, by law, the board must approve all decisions. By law!! To include salaries!
Vir2o is on track for the 17th for a beta launch. The Press Event occurred as it was said to. (Know you are not happy with the results but that is not in question) Let's wait till the 17th to see how things go. If it does not happen I will be unhappy as well (will it be Kay's fault...no. The company...yes). I am patiently waiting though to see what happens because there has been much effort put into this process unlike before and I am much happier with what they are producing now compared to before (Vir2o).
The 787 was delayed for some time to perfect the final product. I rode a 777 in 2000. All companies have delays. Let's see if we launch the 17th. Also, I recommend that all sign up for the beta to provide accurate feedback for the product.
$ECDC
Crazy huh! lol
Stock has been trading bad (know you know) but hopefully Vir2o can get us out of this rut. 17th! Tick Tock Tick Tock
$ECDC
I agree, we need the beta up and running for many people to even consider it, be it advertisers or just users. Once it is proven to generate money and to be a 'Facebook Killer' then more people will jump on board. For example when Instagram was bought out it wasn't until it reached a certain user level (proven concept). People that watch Shark Tank can understand that! :)
17th is right around the corner...let's see what we have!
$ECDC
Brandon12, the board approves all matters of the company to include wages and salaries. I'm sorry but all decisions, be it increase in the A/S or R/S or pursuit of a deal, must be made through a vote by the board. This is law and not opinion. I understand your opinion here and not trying to attack it but Kay is not making decisions on his own...he can't. The board must agree.
I do but many want to see the beta first.
$ECDC
ECDC has a board of directors so decisions are made by the board just like any corporation.
Last I checked all compensation to Kay has been converted to shares.
Per the original deal RP has the choice of when to receive compensation per their original deal. This information can be found in the sec filings and the state of Nevada.
$ECDC
Growing...waiting to get my hands on it. Getting good feedback from my friends and family.
$ECDC
Chart setting up, Vir2o launch just around the corner, and popularity growing from things I've seen and I'm sure you've seen!
All it takes is one product and we could see a huge change here! 17th right around the corner! See you at the top!
https://twitter.com/Vir2o
http://www.facebook.com/Vir2o?fref=ts
I've seen results...I didn't have to look hard either!
https://twitter.com/Vir2o
http://www.facebook.com/Vir2o?fref=ts
Was there an excuse for the Press Event....No! lol Looks like this is going to happen and happen here soon!
https://twitter.com/Vir2o
http://www.facebook.com/Vir2o?fref=ts
Always more! :)
I am extremely hopeful in Vir2o. I really like what it has to offer...just hoping for more insight leading into the beta from a shareholder's perspective.
From a beta tester I am eager to try something new!
For now it is just tick tock tick tock...17th.
Have a good day and happy trading!
https://twitter.com/Vir2o
http://www.facebook.com/Vir2o?fref=ts
Youtube stores a cookie on your computer to prevent that from happening just based on your IP address and if you are logged in it won't allow multiple view counts. GL
My out is when I make enough money to be happy!
https://twitter.com/Vir2o
http://www.facebook.com/Vir2o?fref=ts
Nice quiet day!
https://twitter.com/Vir2o
http://www.facebook.com/Vir2o?fref=ts