In Florida overlooking the Intercoastal Waterway..
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ACGX.. $.005.. These are not the selling thru conversions..??? Prob, not but be assured they are not being bought by management because all they have to do is increase the shares the preferred are conv. into at will and no permission is necessary..
$0.005's holding like a fort just before the Indians invade and burn it down.. hank
Did you take the time to do the DD or did you follow the Pumping Points DD such as ACGX is worth $0.05 as ACGX has posted on it's website.. How many shares do you think since that date were sold thru dilution at 16% of that value by friends and family of ACGX.. hank..
If you think I own this POS then I've got a bridge to sell you.. But again you rehash the same talking points.. Read what I posted if you are still not clear why this makes a bad investment.. Other than that there is not more I can do to help you.. hank
ACGX.. $0.0058.. You are correct.. The volume has gone up and with liquidity it is easier to find buyers.. But doesn't make this company become worth any more than before per share because it has 67 Times as many shares outstanding.. Infact the investor has been diluted to the tune of less than 3% of the value he had per share when it traded at a capitalization of 8.5 Million shares and not over 550 Million Shares .. That's why as then it trades at now in sub pennys..
Dilution in the past 2 years,, one year or even the past 3 Months is the problem,, not a poster on a BB only read by the longs of the present with a causual visit from another on special day's..
I'll take an illiquid stock like a small bank that never trades to a company that trades and pumps thru PR's so friends and family can make a living off the backs of newbee investors selling stock to the tune of over 550 Million shares in less than 2 years.. It makes no difference if I made money or lost money in that stock.. That doesn't change the fact that it is wrong..
Your problem is not my posting because I haven't sold a share.. Your problem is what you consider valid DD based upon PR's designed to put hype into the buyers with a good example that is posted as news on the ACGX website that like the bogus short interest..
If the stock goes up or down is no interest to me,, but the proper flow of verifiable DD should be considered over PR'S based upon the paid for praise of others..
Opinions on ACGX are 95% puff and less than 3% fact that may be backed up.. The charts as before expose this better than words.. After each spike up there is a regrouping at a lower price and then a new PR comes out to spike again.. Today's PR had in effect made those who read realize that ACGX is more than PR's but a sad pumping,, dilutive company run to sell stock rather than let the shareholders enjoy the fruits of their investigative skills..
Just like a Cesspool ACGX must be constantly pumped or it will overflow leaving a stench and those remotely involved will not be able to get rid of the smell (stock).. $0.000's coming.. prob. not,, but it could happen when they run out of buyers and all,, even the pumpers flee.. hank
ACGX.. $0.0065.. Same company,, same sales almost,, same earnings and the shares have gone up 67 times despite the e-mail response below dated almost 2 years ago.. he lied then,, but today he's telling the truth.. What seems strange is with all the growth mentioned over and over again we are still at the same earnings level.. But since there are no audits so who looks at them any way.. hank.. hank
10 bagger Member Level Friday, 10/05/12 02:19:53 PM
Re: None
Post # of 362
ACGX..$0.0065.. I would if I were long because the risk/reward is too low.. Continued conversions along with a chart that looks like it's falling off a cliff will make the converters use the ASK Slaps to exit causing walls to be created that must be hurtled on the upside..
Bids on the downside are less than thin..
Hitting bids is not the converters game unless the bids are for over 1 million shares,, but creating excitement is.. They are the best at PR Release timing and the use of 3'rd party paid for info.. .... On top of that the flippers are getting discouraged and willing to take a loss to move on to the next P&D that may work.. Stay long and good luck to you.. See-ya after the close.. hank
ACGX.. $0.007..
You miss the point.. 2 years ago that company had only 110 Million fully diluted shares outstanding.. Now it has over 1.8 Billion.. Divide your interest per share and you will see why your shares do not move.. The price then and now are still almost the same.. Dilution and greed by the president changing his conversion rights have kept current shareholders behind the 8 ball while lining the pockets of friends and family of ACGX with money..
It's a given fact that the Converters knowing that any shares you sell may be replaced at a Min. of a 20% unless they put out fluffy PR's when they are converted to the max.. It's like riding the wave because if they stop selling the pumpers will take ACGX giving them sometimes 100% profit on each sale.. A debt holder may not at once convert his entire shares due so mut sell if he is close to 9.9% outstanding to continue converting.. On the otherhand the president because he controls thru the Preferred may at will as he has done several times makeup a number for his conversion rights.. Last time recently he raised that number from 400 Million to 800 Million.. He could of if he wanted to make it 8 Billion and shareholders have not any vote or say in his decision..
Now those are facts worth considering when buying ACGX.. hank
ACGX.. $0.0067.. You just can't keep a stock with good fundys and support down except when the Converters take control of each ask and smother out the bids and slaps at the asks..
Before buying an investor needs a crystal ball not to know ACGX is a good company but to figure out if they are buying shares from the current float or shares just converted for their ask slaps.. So far the converters are winning.. That's a fact.. hank
ACGX.. $0.0067.. Now this is what it's all about.. I never knew this.. My bad.. hank
Editing a post is a feature of I-hub and should be used to make sure when in doubt that if your message is unclear to others ,, updating it to help the understanding of others is possible and should be used when others have doubt as to your intentions..
As my intention have been made clear many times that ACGX is a Pump and Dump based upon the increase in shares ,, to line the pockets of other than the non control shareholders,, I don't think I could of been clearer in any of my posts..
ACGX as I have pointed out many times is a nice little company the size of the Ave. Halmark store that is used to lure investors into the selling of shares by those that can replace them at at least a 20% profit thru conversion of debt.... No more or less is what my posts have been based upon.. If that was not their intention debt's could of been paid several years ago thru earnings and the shares would not of increased 67 Times..
If the share price increases it solely upon the will of the converters and has little to nothing to do with the PR reports or the intentions of others familiar with the company.. Buy Baby,, BUY..???
ACGX.. $0.0065.. Nice report to be sure,, and it sets up the converters with demand for their shares.. Although numbers are un audited they again allow one to look in to ACGX.. Divide the earnings by the shares outstanding and the risk /reward ratio continues to fall.. People buy stocks based upon earnings per share except,, what seems to be in penny land,, on floats,, pumps and PR releases.. Since it it only 10AM things May/Might change during the day.. GLTA..
All buying created today so far has created nothing but noise because it appears shares were avil. to any that wished to buy..
Maybe next Qtr,,,?? So after the rush to buy this AM,, bids are weak and volume up to now (10 AM) is less than $35,000.00...... All aboard is still an option as the train is still in the station and off schedule againhank
ACGX.. $0.0055 ... Yes this is where the converters come in and squash the bids.. Support has all but dried up and the only ones left are the longs looking for an out.. Now down 50% from the latest P&D that was based upon paid for 3'rd party reports and a couple of pumpers unloading along with the converters having a field day into the buying frenzy......
Markups only create more sellers as the support levels continue to get pierced.. Bids for $58.00 worth of stock will not buy thru the $0.006 wall.. A classic sell to who is developing.. Have a nice weekend.. hank
TRSWF.. $10.252,, Just bought a few for the IRA's.. Compelling Evaluation and I need some diversification.. hank
V TransAlta Renewables Reports First Quarter Results for 2014
CALGARY, ALBERTA -- (Marketwired) -- 05/02/14 -- TransAlta Renewables Inc. (the "Company") (TSX: RNW) today reported first quarter Comparable EBITDA(1) of $55.7 million. Net Earnings for the first quarter were $21.1 million, or $0.18 per share.
"TransAlta Renewables is off to an excellent start since our IPO," said Brett Gellner, President. "We have strong momentum and continue to benefit from our diversified portfolio of high quality, long-term contracted assets. We are pleased with the recent addition of Wyoming Wind and continue to explore other exciting growth opportunities that will create value for our investors."
In April, the Company, together with TransAlta Corporation, completed a secondary offering of 11,950,000 of its common shares to the public at a price of $11.40 per common share. The Company will not receive any of the proceeds from the sale of Common Shares held by TransAlta. The offering closed on April 29, 2014. After giving effect to the offering, TransAlta Corporation holds a 70.3% ownership in the company.
Historically, financial statements have not been prepared by TransAlta for the assets of the Company, as they had not been operated as a separate business by TransAlta. Accordingly, the financial statements for periods prior to the initial public offering ("IPO") on August 9, 2013, reflect the financial statements for the assets in a manner consistent with how TransAlta managed the assets and as though the assets had been a separate Corporation. Therefore, historical financial information is not directly comparable to current results due to the implementation of certain commercial arrangements between the Company and TransAlta Corporation that took effect upon closing of the Company's IPO, including the entering into of firm priced power purchase agreements for generating facilities whose power was previously sold on a merchant basis. Prior to the IPO, these commercial arrangements did not exist and the Company's assets were held directly or indirectly by TransAlta. More details in regards to the basis of preparation can be found in Note 1 of our 2013 audited consolidated financial statements.
Summary Results
Q1 2014 compared to Q1 2013
-- Comparable EBITDA of $55.7 million up from $46.4 million for the same
period last year
-- Funds from operations of $46.4 million up from $39.2 million for the
same period last year
-- Production of 818 GWh, up from 768 GWh for the same period last year
The following table depicts key financial results and statistical operating data:
First Quarter 2014 Highlights
----------------------------------------------------------------------------
3 months 3 months
ended ended
March 31, March 31,
In $CAD thousands, unless otherwise stated 2014 2013
----------------------------------------------------------------------------
Production (GWh)(1) 818 768
----------------------------------------------------------------------------
Revenue 67,965 60,917
----------------------------------------------------------------------------
Net earnings attributable to common shareholders 21,134 14,004
----------------------------------------------------------------------------
Comparable EBITDA(2) 55,662 46,384
----------------------------------------------------------------------------
Funds from operations(2) 46,354 39,191
----------------------------------------------------------------------------
Cash flow from operating activities 45,210 53,228
----------------------------------------------------------------------------
Cash available for distribution(2) 16,835 36,902
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net earnings per share attributable to common
shareholders, basic and diluted 0.18 0.12
----------------------------------------------------------------------------
Comparable earnings per share(2) 0.18 0.12
----------------------------------------------------------------------------
Funds from operations per share(2) 0.40 0.34
----------------------------------------------------------------------------
Cash available for distribution per share(2) 0.15 0.32
----------------------------------------------------------------------------
Dividends paid per common share 0.19 -
----------------------------------------------------------------------------
1. Excludes production from Wyoming Wind
2. Comparable EBITDA refers to Earnings before interest, taxes,
depreciation and amortization including dividends on the Wyoming Wind
preferred shares and adjusted for certain other items. Cash available
for distribution represents the amount the cash generated from
operations by our business, before changes in working capital and after
sustaining and productivity capital, distributions to non-controlling
interest and principal repayments of debt. Comparable EBITDA, funds from
operations, cash available for distribution, comparable net earnings,
comparable net earnings per share, funds from operations per share and
cash available for distribution per share are not defined under IFRS.
Presenting these measures from period to period provides supplemental
information to help management and shareholders evaluate earnings' and
cash flow trends in comparison with prior periods' results. Refer to the
Non-IFRS Measures section of the Management's Discussion and Analysis
("MD&A") for further discussion of these items.
A complete copy of TransAlta Renewables' first quarter report including MD&A and unaudited financial statements is available in the Investors Centre section of our website: www.transaltarenewables.com.
About TransAlta Renewables Inc.
TransAlta Renewables owns 29 wind and hydroelectric power generation facilities, including our economic interest in Wyoming Wind, having an aggregate installed generating capacity of 1,376 MW, in which it holds a net ownership interest of approximately 1,255 MW. TransAlta Renewables' power generating capacity is among the largest of any publicly-traded renewable independent power producer ("IPP") in Canada, with more wind power generating capacity than any other Canadian publicly-traded IPP. TransAlta Renewables' strategy is focused on the efficient operation of its portfolio of renewable power generation assets and expanding its asset base through the acquisition of additional renewable power generation facilities in operation or under construction. TransAlta Renewables objectives are to (i) create stable, consistent returns for investors through the ownership of contracted renewable power generation assets that provide stable cash flow through long-term power purchase agreements with creditworthy counterparties, including TransAlta; (ii) pursue and capitalize on strategic growth opportunities in the renewable power generation sector; and (iii) pay out a portion of cash available for distribution to the shareholders of TransAlta Renewables on a monthly basis.
Cautionary Statement Regarding Forward Looking Information
This news release may contain forward looking statements, including statements regarding the business and anticipated financial performance of the Company. These forward-looking statements are not historical facts but reflect the Company's current expectations concerning future plans, actions and results. These statements are subject to a number of risks and uncertainties that could cause actual plans, actions and results to differ materially from current expectations including, but not limited to, the ability to successfully obtain regulatory approvals; changes in tax, environmental, and other laws and regulations; competitive factors in the renewable power industry; operational breakdowns, failures, or other disruptions; changes in economic and market conditions; and other risks and uncertainties discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time and as also set forth in the Company's MD&A and 2014 Annual Information Form. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's expectations only as of the date of this news release. The Company disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Note: All financial figures are in Canadian dollars unless noted otherwise.
Contacts:
Investor inquiries:
Brent Ward
Director, Corporate Finance and Investor Relations
1-800-387-3598 in Canada and U.S.
investor_relations@transalta.com
Media inquiries:
Stacey Hatcher
Manager, External Communications
Cell: 587-216-2242
Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540
Source: TransAlta Renewables Inc.
TRSWF.. $10.252,, Just bought a few for the IRA's.. Compelling Evaluation and I need some diversification.. hank
V TransAlta Renewables Reports First Quarter Results for 2014
CALGARY, ALBERTA -- (Marketwired) -- 05/02/14 -- TransAlta Renewables Inc. (the "Company") (TSX: RNW) today reported first quarter Comparable EBITDA(1) of $55.7 million. Net Earnings for the first quarter were $21.1 million, or $0.18 per share.
"TransAlta Renewables is off to an excellent start since our IPO," said Brett Gellner, President. "We have strong momentum and continue to benefit from our diversified portfolio of high quality, long-term contracted assets. We are pleased with the recent addition of Wyoming Wind and continue to explore other exciting growth opportunities that will create value for our investors."
In April, the Company, together with TransAlta Corporation, completed a secondary offering of 11,950,000 of its common shares to the public at a price of $11.40 per common share. The Company will not receive any of the proceeds from the sale of Common Shares held by TransAlta. The offering closed on April 29, 2014. After giving effect to the offering, TransAlta Corporation holds a 70.3% ownership in the company.
Historically, financial statements have not been prepared by TransAlta for the assets of the Company, as they had not been operated as a separate business by TransAlta. Accordingly, the financial statements for periods prior to the initial public offering ("IPO") on August 9, 2013, reflect the financial statements for the assets in a manner consistent with how TransAlta managed the assets and as though the assets had been a separate Corporation. Therefore, historical financial information is not directly comparable to current results due to the implementation of certain commercial arrangements between the Company and TransAlta Corporation that took effect upon closing of the Company's IPO, including the entering into of firm priced power purchase agreements for generating facilities whose power was previously sold on a merchant basis. Prior to the IPO, these commercial arrangements did not exist and the Company's assets were held directly or indirectly by TransAlta. More details in regards to the basis of preparation can be found in Note 1 of our 2013 audited consolidated financial statements.
Summary Results
Q1 2014 compared to Q1 2013
-- Comparable EBITDA of $55.7 million up from $46.4 million for the same
period last year
-- Funds from operations of $46.4 million up from $39.2 million for the
same period last year
-- Production of 818 GWh, up from 768 GWh for the same period last year
The following table depicts key financial results and statistical operating data:
First Quarter 2014 Highlights
----------------------------------------------------------------------------
3 months 3 months
ended ended
March 31, March 31,
In $CAD thousands, unless otherwise stated 2014 2013
----------------------------------------------------------------------------
Production (GWh)(1) 818 768
----------------------------------------------------------------------------
Revenue 67,965 60,917
----------------------------------------------------------------------------
Net earnings attributable to common shareholders 21,134 14,004
----------------------------------------------------------------------------
Comparable EBITDA(2) 55,662 46,384
----------------------------------------------------------------------------
Funds from operations(2) 46,354 39,191
----------------------------------------------------------------------------
Cash flow from operating activities 45,210 53,228
----------------------------------------------------------------------------
Cash available for distribution(2) 16,835 36,902
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net earnings per share attributable to common
shareholders, basic and diluted 0.18 0.12
----------------------------------------------------------------------------
Comparable earnings per share(2) 0.18 0.12
----------------------------------------------------------------------------
Funds from operations per share(2) 0.40 0.34
----------------------------------------------------------------------------
Cash available for distribution per share(2) 0.15 0.32
----------------------------------------------------------------------------
Dividends paid per common share 0.19 -
----------------------------------------------------------------------------
1. Excludes production from Wyoming Wind
2. Comparable EBITDA refers to Earnings before interest, taxes,
depreciation and amortization including dividends on the Wyoming Wind
preferred shares and adjusted for certain other items. Cash available
for distribution represents the amount the cash generated from
operations by our business, before changes in working capital and after
sustaining and productivity capital, distributions to non-controlling
interest and principal repayments of debt. Comparable EBITDA, funds from
operations, cash available for distribution, comparable net earnings,
comparable net earnings per share, funds from operations per share and
cash available for distribution per share are not defined under IFRS.
Presenting these measures from period to period provides supplemental
information to help management and shareholders evaluate earnings' and
cash flow trends in comparison with prior periods' results. Refer to the
Non-IFRS Measures section of the Management's Discussion and Analysis
("MD&A") for further discussion of these items.
A complete copy of TransAlta Renewables' first quarter report including MD&A and unaudited financial statements is available in the Investors Centre section of our website: www.transaltarenewables.com.
About TransAlta Renewables Inc.
TransAlta Renewables owns 29 wind and hydroelectric power generation facilities, including our economic interest in Wyoming Wind, having an aggregate installed generating capacity of 1,376 MW, in which it holds a net ownership interest of approximately 1,255 MW. TransAlta Renewables' power generating capacity is among the largest of any publicly-traded renewable independent power producer ("IPP") in Canada, with more wind power generating capacity than any other Canadian publicly-traded IPP. TransAlta Renewables' strategy is focused on the efficient operation of its portfolio of renewable power generation assets and expanding its asset base through the acquisition of additional renewable power generation facilities in operation or under construction. TransAlta Renewables objectives are to (i) create stable, consistent returns for investors through the ownership of contracted renewable power generation assets that provide stable cash flow through long-term power purchase agreements with creditworthy counterparties, including TransAlta; (ii) pursue and capitalize on strategic growth opportunities in the renewable power generation sector; and (iii) pay out a portion of cash available for distribution to the shareholders of TransAlta Renewables on a monthly basis.
Cautionary Statement Regarding Forward Looking Information
This news release may contain forward looking statements, including statements regarding the business and anticipated financial performance of the Company. These forward-looking statements are not historical facts but reflect the Company's current expectations concerning future plans, actions and results. These statements are subject to a number of risks and uncertainties that could cause actual plans, actions and results to differ materially from current expectations including, but not limited to, the ability to successfully obtain regulatory approvals; changes in tax, environmental, and other laws and regulations; competitive factors in the renewable power industry; operational breakdowns, failures, or other disruptions; changes in economic and market conditions; and other risks and uncertainties discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time and as also set forth in the Company's MD&A and 2014 Annual Information Form. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's expectations only as of the date of this news release. The Company disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Note: All financial figures are in Canadian dollars unless noted otherwise.
Contacts:
Investor inquiries:
Brent Ward
Director, Corporate Finance and Investor Relations
1-800-387-3598 in Canada and U.S.
investor_relations@transalta.com
Media inquiries:
Stacey Hatcher
Manager, External Communications
Cell: 587-216-2242
Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540
Source: TransAlta Renewables Inc.
OPBK.. $8.00 Close to year end numbers being published.. This is a bank that caters to multi-ethnic communities and has a loyal following.. It's growth rate is assured and it's asset quality % continues to increase.. It's base is now more diversified because of the opening of new offices and the size of it's ever growing deposits.. Earnings and growth have actually accelerated each Qtr, although coming from a small base.. I think we should see a nice rise after earnings are reported soon.. Below are 9 Mo's numbers..
Open Bank (the "Bank") is engaged in the general commercial banking business in Southern California and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on the Korean and other ethnic minority communities. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank on September 20, 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 100 Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com Member FDIC, Equal Housing Lender
The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank on October 2010.
Open Bank Announces Third Quarter 2013 Results
Total Assets up 75%, Demand Deposits up 89% and Q3 Net Income up 68% Compared to 3Q 2012
LOS ANGELES--(BUSINESS WIRE)-- Open Bank (OTCBB:OPBK) today announced a net income of $950 thousand for the third quarter of 2013 and $5.4 million for the nine months ended September 30, 2013, compared to $567 thousand for the third quarter of 2012 and $5.4 million for the nine months ended September 30, 2012. Excluding tax benefits, the net income for the first nine months of 2013 was $2.7 million, compared to $1.4 million for the same period 2012.
Min Kim, President and Chief Executive Officer, said, “I am very pleased to announce yet another successful quarter with significant growth in our loan and deposit portfolios. Net loans increased 72.96% to $234.2 million compared to $135.4 million for the third quarter of 2012 and demand deposits increased 88.74% to $84.7 million compared to $46.5 million for the third quarter of 2012. During Q3 2013 we opened our long awaited branch in the Aroma Center located in the heart of Los Angeles’ Koreatown. We are currently in the process of opening our fifth full service branch, located in Buena Park, California, which has a large Korean-American population. The completion of the Buena Park branch will give us the branch network to cover most of our existing customers as well as being able to penetrate into new target market. We expect that our two new branches will contribute greatly to our organic growth in coming years.
“We have also strengthened our lending department with the addition of our new Chief Lending Officer, Ms. Ki Won Yoon. Ms. Yoon has over 25 years of relevant lending experience, with strong ties in the Korean-American business community. Prior to joining Open Bank, Ms. Yoon was District Manager at BBCN bank (formerly Nara Bank), which she joined in 1997, and where she managed a loan portfolio of over $450 million.
“The Bank’s total assets increased 75% in the quarter ending September 30, 2013 to $296.2 million compared to the same quarter in 2012 and our asset quality continues to improve as our classified loans decreased to $4.5 million at September 30, 2013, compared to $7.5 million at September 30, 2012. This quarter marks the 3rd anniversary since Open Bank changed its name from First Standard Bank to Open Bank. We believe we are well positioned to continue growing our assets and improving our net income through continued strategic branch expansion.”
Third Quarter 2013 Highlights:
Net income of $950 thousand for the three months ended September 30, 2013.
Net income of $5.4 million for the nine months ended September 30, 2013.
Net interest margin was 4.50% for the third quarter of 2013, compared to 4.93% for the third quarter of 2012.
Demand deposits increased 88.74% to $84.7 million compared to $46.5 million for the third quarter of 2012 and representing 32.19% of total deposits of $263.2 million at September 30, 2013.
Net loans increased 72.96% to $234.2 million compared to $135.4 million for the third quarter of 2012.
Allowance for Loan Losses to Gross Loans was 2.11% at September 30, 2013, compared to 3.18% at September 30, 2012.
Non-performing assets to total assets continues to improve to 0.64% at September 30, 2013, compared to 1.98% at September 30, 2012.
The Total risk-based capital ratio, tier 1 capital ratio and tier 1 leverage ratio were 12.11%, 10.85% and 10.83%, respectively at September 30, 2013.
OPBK.. $8.00 Close to year end numbers being published.. This is a bank that caters to multi-ethnic communities and has a loyal following.. It's growth rate is assured and it's asset quality % continues to increase.. It's base is now more diversified because of the opening of new offices and the size of it's ever growing deposits.. Earnings and growth have actually accelerated each Qtr, although coming from a small base.. I think we should see a nice rise after earnings are reported soon.. Below are 9 Mo's numbers..
Open Bank (the "Bank") is engaged in the general commercial banking business in Southern California and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on the Korean and other ethnic minority communities. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank on September 20, 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 100 Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com Member FDIC, Equal Housing Lender
The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank on October 2010.
Open Bank Announces Third Quarter 2013 Results
Total Assets up 75%, Demand Deposits up 89% and Q3 Net Income up 68% Compared to 3Q 2012
LOS ANGELES--(BUSINESS WIRE)-- Open Bank (OTCBB:OPBK) today announced a net income of $950 thousand for the third quarter of 2013 and $5.4 million for the nine months ended September 30, 2013, compared to $567 thousand for the third quarter of 2012 and $5.4 million for the nine months ended September 30, 2012. Excluding tax benefits, the net income for the first nine months of 2013 was $2.7 million, compared to $1.4 million for the same period 2012.
Min Kim, President and Chief Executive Officer, said, “I am very pleased to announce yet another successful quarter with significant growth in our loan and deposit portfolios. Net loans increased 72.96% to $234.2 million compared to $135.4 million for the third quarter of 2012 and demand deposits increased 88.74% to $84.7 million compared to $46.5 million for the third quarter of 2012. During Q3 2013 we opened our long awaited branch in the Aroma Center located in the heart of Los Angeles’ Koreatown. We are currently in the process of opening our fifth full service branch, located in Buena Park, California, which has a large Korean-American population. The completion of the Buena Park branch will give us the branch network to cover most of our existing customers as well as being able to penetrate into new target market. We expect that our two new branches will contribute greatly to our organic growth in coming years.
“We have also strengthened our lending department with the addition of our new Chief Lending Officer, Ms. Ki Won Yoon. Ms. Yoon has over 25 years of relevant lending experience, with strong ties in the Korean-American business community. Prior to joining Open Bank, Ms. Yoon was District Manager at BBCN bank (formerly Nara Bank), which she joined in 1997, and where she managed a loan portfolio of over $450 million.
“The Bank’s total assets increased 75% in the quarter ending September 30, 2013 to $296.2 million compared to the same quarter in 2012 and our asset quality continues to improve as our classified loans decreased to $4.5 million at September 30, 2013, compared to $7.5 million at September 30, 2012. This quarter marks the 3rd anniversary since Open Bank changed its name from First Standard Bank to Open Bank. We believe we are well positioned to continue growing our assets and improving our net income through continued strategic branch expansion.”
Third Quarter 2013 Highlights:
Net income of $950 thousand for the three months ended September 30, 2013.
Net income of $5.4 million for the nine months ended September 30, 2013.
Net interest margin was 4.50% for the third quarter of 2013, compared to 4.93% for the third quarter of 2012.
Demand deposits increased 88.74% to $84.7 million compared to $46.5 million for the third quarter of 2012 and representing 32.19% of total deposits of $263.2 million at September 30, 2013.
Net loans increased 72.96% to $234.2 million compared to $135.4 million for the third quarter of 2012.
Allowance for Loan Losses to Gross Loans was 2.11% at September 30, 2013, compared to 3.18% at September 30, 2012.
Non-performing assets to total assets continues to improve to 0.64% at September 30, 2013, compared to 1.98% at September 30, 2012.
The Total risk-based capital ratio, tier 1 capital ratio and tier 1 leverage ratio were 12.11%, 10.85% and 10.83%, respectively at September 30, 2013.
EIL.v/ERILF +.045 to C$.205
You seem as though you are surprised by today's action.. As for $0.32,, I don't look at that as any target,, but rather a floor when we get thru the summer months.. Bob,, this is not a little company with a couple of people running around with a mig welder.. ERLIF has legs and it's management has demonstrated it knows how to run a company.. Nice find ..
What's next..?? have a nice weekend.. hank
ERLIF.. $0.19 Cdn.. Thanks to Pappa Bob.. It's making my month looking good right out of the gate.. I'm actually in the hold and mold on this one and believe it will become a multi-bagger even from here.. Sales,, contracts and increasing profit margins builds companys..
As to the dilution possibilities,, most are at the same levels that you and I own this stock,, so I doubt that they will look at it any different.. hank
http://www.smallcappower.com/posts/article-top-momentum-gainer-1-5-2014
ERLIF.. $0.19 Cdn.. Pappa Bob.. It's making my month looking good right out of the gate.. I'm actually in the hold and mold on this one and believe it will become a multi-bagger even from here.. Sales,, contracts and increasing profit margins builds companys..
As to the dilution possibilities,, most are at the same levels that you and I own this stock,, so I doubt that they will look at it any different.. hank
http://www.smallcappower.com/posts/article-top-momentum-gainer-1-5-2014
That I do agree with,, As long as you know it's trash you will be OK if you win or loose.. I know winning is different than loosing,, but loosing into a Pump that never stops because the shares continue to go up is a time to rethink the pump effort and why it doesn't work..
ACGX has increased it's outstanding shares by 5 Times in the past 6 Months and 67 Times in the past 2 years..
That's a lot of stock to plow thru.. At what level does it appear..?? Every spike is the best indication on the charts but the largest day volume day was just 6 months ago at this level and price..
As long as they can make at least 20% on every share they convert why should they care where it comes out..
The president has taken care of himself by doubling his conversion rights at the stroke of a pen and now it appears the new Preferred H will take care of another friend of the company..
The conversion rate of the Prefeered H has yet to be disclosed so what ever they decide it to be w ill be in their favor,, not the shareholders outside of the friends and family of ACGX..
But I do agree One man's trash next man's treasure,
He sounds just like all the pumpers on this board.. Too bad as usual there was nothing there to change anyones view on why they should or should not buy into this dilutive piece of crap..
Paid for P&D.. Pathetic..
They will prob. put it on their website as news.. Sell more stock to the Suckers ..
ACGX. $0.0053.. No one listens to me.. I'm just a basher that sources all posts.. Sure some lost out on a 10-bagger because of the last P&D but all that bought at a penny and higher are wishing they did some DD or research before they bought.. They have lost much more than was ever made by the few that held and sold at a penny.. .. Just traded at half it's recent P&D high.. You were warned but I will never tell you I told you so as it's all there in the filings if you care to look.. Buying stock below the market and alway's being able to sell it for at least a 20% profit is the real way to make money.. ACGX friends and family has that down to a science..
Nice painted close at $0.0069 on $50.00 worth of stock.. hank
ESPI.. $0.0135.. I must agree with your assessment but as I posted it's a commitment I made based upon the possibility of them finally getting their act together.. It's either a tax loss at the end of the year or a multi-bagger.. Just the fact that they have gone back to the core business is a plus and since debt is owed w/o much recourse for the lender getting it back unless they are allowed to survive there is little benefit to the lenders to squeeze them for it w/o profits booked to enable them to repay.... If that occurs (profit ) ,, it should be a 10-bagger from here..hank
ESPI.. $0.016.. Table Pounder..???
This is a tough call because they are in the right spot at the right time but can they and will they execute.. Loaded with debt and the effects of squeezed profit margins ESPI has always been on my list of companies that once they break thru the profit barrier they will earn money to the bottom line easily.. I think ESPI is close if not there now.. I have purchased 488,888 shares and will add if the numbers continue to look like the bottom line will benefit.. I think the latest release indicates they might be on the right path but there have been false starts before.. hank
===========================================================
ESP Resources Completes 108 Well Equipment Installation and Chemical Delivery for Major Independent Operator in South Texas
GlobeNewswire - May 01 09:00 EDT
LAFAYETTE, La., May 1, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (ESP) (OTCBB:ESPI), recently completed equipment installations on 108 wells for the purpose of chemical injection for a major independent oil and gas operator in South Texas. Additionally, the company began delivery of production chemicals to the wells, which are in close proximity to ESP's offices in Victoria, Texas. The expected increase in revenue for ESP is anticipated to exceed $650,000 annually.
By utilizing ESP's chemical technology, the operator can expect increased production from the capture and separation of additional hydrocarbons from their oil and gas wells. The operator can also expect to realize a reduction in the per barrel equivalent treatment costs of the produced oil, gas and water products.
"Selecting the best petrochemical supplier for a well is an important consideration for any operator. The testing phase of this process is particularly crucial as it demonstrates the effectiveness and efficiency of a particular chemical program. We were able to demonstrate that ESP's products and superior chemistry consistently outperformed the competition," said David Dugas, ESP Resources, Inc. CEO. "This particular operator has additional fields in Texas and Louisiana that we anticipate testing throughout 2014, and we appreciate the opportunity to once again demonstrate the effectiveness of our products."
About ESP Resources, Inc.
ESP Resources, Inc. is a publicly-traded oil and gas services company headquartered in Lafayette, Louisiana. ESP manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry. The company's senior management has over 100 years of combined operating experience in the oil and gas services industry. More information is available on ESP's Website at www.espchem.com.
CONTACT: David Dugas, President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056
Source: ESP Resources, Inc.
2014 GlobeNewswire, Inc.
===========================================================
ESP Resources Reports Fourth Quarter and Full-Year 2013 Financial Results
Production Petrochemical Sales Increase 60% for Quarter, 30% for Year
Adjusted EBITDA Swings to Profit of $465,000 in the Quarter
Quarterly Net Loss Decreases 81%
LAFAYETTE, La., April 25, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTCBB:ESPI), an oil and gas services company, announced audited financial results for the three and twelve months ended December 31, 2013.
Fourth Quarter 2013 Highlights
Fourth quarter 2013 financial results, as compared to fourth quarter 2012, were as follows:
Total revenues from production petrochemicals were $2,416,805, as compared to $1,511,323, an increase of 60%.
Adjusted EBITDA, a non-GAAP measure, swung into the positive at $464,885, as compared to a loss of $(904,968).
Gross profit margin increased by 20% to 62.2% in the fourth quarter of 2013 due to the higher margins on sales of production petrochemical products, which constituted 100% of sales in the quarter.
Operating loss from continuing operations decreased 100% to a profit of $12,292, as compared to a loss of $(2,398,335) for the comparable 2012 period. Excluding a loss on disposal of certain assets of $126,733 that occurred in the fourth quarter 2013, pro forma operating profit was $125,133 for the quarter.
Net loss for the quarter decreased 81% to $(575,521), as compared to $(2,952,336) for the comparable period.
While total revenues for the quarter decreased by $725,097 as compared to the comparable period, fourth quarter 2012 revenues included sales from divisions that were non-core to the Company's business and have since been discontinued.
Management Comment
"In the fourth quarter, our operating cash flows and gross margins represented a positive trend. This past year was certainly challenging, but our decision in early 2013 to discontinue certain non-core divisions and focus on our core production petrochemical business has proven to be a very successful strategy," said David Dugas, President and Chief Executive Officer. "Our gross margins were impacted by the significant increase in production petrochemical sales, as compared to completion petrochemicals. While we continue to pursue opportunities in completion petrochemical work for our customers, we are now focusing most of our efforts on growing our production business."
"We expect this positive trend in sales to continue in 2014 as we seek out capital to fund our growth. We remain confident in our ability to attract financing as we continue to show positive results. In the meantime, opportunities for new business have grown due to our ability to achieve better performance from our products and services over our competitors when deploying our chemical programs on new wells."
Full-Year 2013 Financial Results
Revenue for the year-ended December 31, 2013 was $10,591,111, compared to $16,987,213 for the same period in 2012, a decrease of $6,396,102, or 38%. The decrease was primarily due to a reduction in the completion petrochemical sales and services to customers engaged in hydraulic fracturing. This decrease totaled $8,605,000 for 2013, as compared to 2012, but was offset by an increase in production petrochemical sales of 30%, or $1,966,970. The increase in production petrochemical sales represents higher revenue from both new and existing customers through sales of additional production petrochemical products at existing customers' well-sites.
The Company's gross profit from continuing operations, as a percentage of revenue for the year, was 51% compared to 45% for the same period in 2012, an increase of 6%. The increase in gross margin reflects an increased portion of business from production petrochemical sales. These have a higher gross profit margin of 54% compared to the 40% gross profit margin of completion chemicals.
General and administrative expenses decreased by $2,760,666, or 26% for the year. The decrease in expenses for the year is primarily due to the reduction of the company's operating personnel from 52 to 39 employees and to a decrease in business development costs for international opportunities from $1,167,000 in 2012 to $714,000 in 2013. In addition, the company incurred $700,000 in legal fees as a result of litigation in 2012, namely the trade secret infringement lawsuit initiated in March 2012 to protect the company's trade secrets. There were no comparable amounts in the 2013 calendar year.
The stock-based compensation included in the general and administrative expenses was $1,177,697 and $2,482,678 for the years ended December 31, 2013 and 2012, respectively, a decrease of 52.6%.
The company recognized a loss on disposal of assets in 2013 of $327,174 and an impairment loss on assets held for sale of $133,556, representing the closure cost of the former corporate offices in The Woodlands, Texas and anticipated loss on assets held for sale. There were no comparable amounts in the prior fiscal year.
Net loss for the year ended December 31, 2013 was $(5,237,777), an increase of $156,045 compared to a loss of $(5,081,732) for the same period in 2012. The primary reason for the increase was due to the loss from discontinued operations of $365,421 compared to $103,221 for the comparable period in 2012.
.
CONTACT: David Dugas, President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056
Source: ESP Resources, Inc.
ESPI.. $0.016.. Table Pounder..???
This is a tough call because they are in the right spot at the right time but can they and will they execute.. Loaded with debt and the effects of squeezed profit margins ESPI has always been on my list of companies that once they break thru the profit barrier they will earn money to the bottom line easily.. I think ESPI is close if not there now.. I have purchased 488,888 shares and will add if the numbers continue to look like the bottom line will benefit.. I think the latest release indicates they might be on the right path but there have been false starts before.. hank
===========================================================
ESP Resources Completes 108 Well Equipment Installation and Chemical Delivery for Major Independent Operator in South Texas
GlobeNewswire - May 01 09:00 EDT
LAFAYETTE, La., May 1, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (ESP) (OTCBB:ESPI), recently completed equipment installations on 108 wells for the purpose of chemical injection for a major independent oil and gas operator in South Texas. Additionally, the company began delivery of production chemicals to the wells, which are in close proximity to ESP's offices in Victoria, Texas. The expected increase in revenue for ESP is anticipated to exceed $650,000 annually.
By utilizing ESP's chemical technology, the operator can expect increased production from the capture and separation of additional hydrocarbons from their oil and gas wells. The operator can also expect to realize a reduction in the per barrel equivalent treatment costs of the produced oil, gas and water products.
"Selecting the best petrochemical supplier for a well is an important consideration for any operator. The testing phase of this process is particularly crucial as it demonstrates the effectiveness and efficiency of a particular chemical program. We were able to demonstrate that ESP's products and superior chemistry consistently outperformed the competition," said David Dugas, ESP Resources, Inc. CEO. "This particular operator has additional fields in Texas and Louisiana that we anticipate testing throughout 2014, and we appreciate the opportunity to once again demonstrate the effectiveness of our products."
About ESP Resources, Inc.
ESP Resources, Inc. is a publicly-traded oil and gas services company headquartered in Lafayette, Louisiana. ESP manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry. The company's senior management has over 100 years of combined operating experience in the oil and gas services industry. More information is available on ESP's Website at www.espchem.com.
CONTACT: David Dugas, President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056
Source: ESP Resources, Inc.
2014 GlobeNewswire, Inc.
===========================================================
ESP Resources Reports Fourth Quarter and Full-Year 2013 Financial Results
Production Petrochemical Sales Increase 60% for Quarter, 30% for Year
Adjusted EBITDA Swings to Profit of $465,000 in the Quarter
Quarterly Net Loss Decreases 81%
LAFAYETTE, La., April 25, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTCBB:ESPI), an oil and gas services company, announced audited financial results for the three and twelve months ended December 31, 2013.
Fourth Quarter 2013 Highlights
Fourth quarter 2013 financial results, as compared to fourth quarter 2012, were as follows:
Total revenues from production petrochemicals were $2,416,805, as compared to $1,511,323, an increase of 60%.
Adjusted EBITDA, a non-GAAP measure, swung into the positive at $464,885, as compared to a loss of $(904,968).
Gross profit margin increased by 20% to 62.2% in the fourth quarter of 2013 due to the higher margins on sales of production petrochemical products, which constituted 100% of sales in the quarter.
Operating loss from continuing operations decreased 100% to a profit of $12,292, as compared to a loss of $(2,398,335) for the comparable 2012 period. Excluding a loss on disposal of certain assets of $126,733 that occurred in the fourth quarter 2013, pro forma operating profit was $125,133 for the quarter.
Net loss for the quarter decreased 81% to $(575,521), as compared to $(2,952,336) for the comparable period.
While total revenues for the quarter decreased by $725,097 as compared to the comparable period, fourth quarter 2012 revenues included sales from divisions that were non-core to the Company's business and have since been discontinued.
Management Comment
"In the fourth quarter, our operating cash flows and gross margins represented a positive trend. This past year was certainly challenging, but our decision in early 2013 to discontinue certain non-core divisions and focus on our core production petrochemical business has proven to be a very successful strategy," said David Dugas, President and Chief Executive Officer. "Our gross margins were impacted by the significant increase in production petrochemical sales, as compared to completion petrochemicals. While we continue to pursue opportunities in completion petrochemical work for our customers, we are now focusing most of our efforts on growing our production business."
"We expect this positive trend in sales to continue in 2014 as we seek out capital to fund our growth. We remain confident in our ability to attract financing as we continue to show positive results. In the meantime, opportunities for new business have grown due to our ability to achieve better performance from our products and services over our competitors when deploying our chemical programs on new wells."
Full-Year 2013 Financial Results
Revenue for the year-ended December 31, 2013 was $10,591,111, compared to $16,987,213 for the same period in 2012, a decrease of $6,396,102, or 38%. The decrease was primarily due to a reduction in the completion petrochemical sales and services to customers engaged in hydraulic fracturing. This decrease totaled $8,605,000 for 2013, as compared to 2012, but was offset by an increase in production petrochemical sales of 30%, or $1,966,970. The increase in production petrochemical sales represents higher revenue from both new and existing customers through sales of additional production petrochemical products at existing customers' well-sites.
The Company's gross profit from continuing operations, as a percentage of revenue for the year, was 51% compared to 45% for the same period in 2012, an increase of 6%. The increase in gross margin reflects an increased portion of business from production petrochemical sales. These have a higher gross profit margin of 54% compared to the 40% gross profit margin of completion chemicals.
General and administrative expenses decreased by $2,760,666, or 26% for the year. The decrease in expenses for the year is primarily due to the reduction of the company's operating personnel from 52 to 39 employees and to a decrease in business development costs for international opportunities from $1,167,000 in 2012 to $714,000 in 2013. In addition, the company incurred $700,000 in legal fees as a result of litigation in 2012, namely the trade secret infringement lawsuit initiated in March 2012 to protect the company's trade secrets. There were no comparable amounts in the 2013 calendar year.
The stock-based compensation included in the general and administrative expenses was $1,177,697 and $2,482,678 for the years ended December 31, 2013 and 2012, respectively, a decrease of 52.6%.
The company recognized a loss on disposal of assets in 2013 of $327,174 and an impairment loss on assets held for sale of $133,556, representing the closure cost of the former corporate offices in The Woodlands, Texas and anticipated loss on assets held for sale. There were no comparable amounts in the prior fiscal year.
Net loss for the year ended December 31, 2013 was $(5,237,777), an increase of $156,045 compared to a loss of $(5,081,732) for the same period in 2012. The primary reason for the increase was due to the loss from discontinued operations of $365,421 compared to $103,221 for the comparable period in 2012.
.
CONTACT: David Dugas, President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056
Source: ESP Resources, Inc.
ESPI.. $0.016.. Table Pounder..???
This is a tough call because they are in the right spot at the right time but can they and will they execute.. Loaded with debt and the effects of squeezed profit margins ESPI has always been on my list of companies that once they break thru the profit barrier they will earn money to the bottom line easily.. I think ESPI is close if not there now.. I have purchased 488,888 shares and will add if the numbers continue to look like the bottom line will benefit.. I think the latest release indicates they might be on the right path but there have been false starts before.. hank
===========================================================
ESP Resources Completes 108 Well Equipment Installation and Chemical Delivery for Major Independent Operator in South Texas
GlobeNewswire - May 01 09:00 EDT
LAFAYETTE, La., May 1, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (ESP) (OTCBB:ESPI), recently completed equipment installations on 108 wells for the purpose of chemical injection for a major independent oil and gas operator in South Texas. Additionally, the company began delivery of production chemicals to the wells, which are in close proximity to ESP's offices in Victoria, Texas. The expected increase in revenue for ESP is anticipated to exceed $650,000 annually.
By utilizing ESP's chemical technology, the operator can expect increased production from the capture and separation of additional hydrocarbons from their oil and gas wells. The operator can also expect to realize a reduction in the per barrel equivalent treatment costs of the produced oil, gas and water products.
"Selecting the best petrochemical supplier for a well is an important consideration for any operator. The testing phase of this process is particularly crucial as it demonstrates the effectiveness and efficiency of a particular chemical program. We were able to demonstrate that ESP's products and superior chemistry consistently outperformed the competition," said David Dugas, ESP Resources, Inc. CEO. "This particular operator has additional fields in Texas and Louisiana that we anticipate testing throughout 2014, and we appreciate the opportunity to once again demonstrate the effectiveness of our products."
About ESP Resources, Inc.
ESP Resources, Inc. is a publicly-traded oil and gas services company headquartered in Lafayette, Louisiana. ESP manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry. The company's senior management has over 100 years of combined operating experience in the oil and gas services industry. More information is available on ESP's Website at www.espchem.com.
CONTACT: David Dugas, President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056
Source: ESP Resources, Inc.
2014 GlobeNewswire, Inc.
===========================================================
ESP Resources Reports Fourth Quarter and Full-Year 2013 Financial Results
Production Petrochemical Sales Increase 60% for Quarter, 30% for Year
Adjusted EBITDA Swings to Profit of $465,000 in the Quarter
Quarterly Net Loss Decreases 81%
LAFAYETTE, La., April 25, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTCBB:ESPI), an oil and gas services company, announced audited financial results for the three and twelve months ended December 31, 2013.
Fourth Quarter 2013 Highlights
Fourth quarter 2013 financial results, as compared to fourth quarter 2012, were as follows:
Total revenues from production petrochemicals were $2,416,805, as compared to $1,511,323, an increase of 60%.
Adjusted EBITDA, a non-GAAP measure, swung into the positive at $464,885, as compared to a loss of $(904,968).
Gross profit margin increased by 20% to 62.2% in the fourth quarter of 2013 due to the higher margins on sales of production petrochemical products, which constituted 100% of sales in the quarter.
Operating loss from continuing operations decreased 100% to a profit of $12,292, as compared to a loss of $(2,398,335) for the comparable 2012 period. Excluding a loss on disposal of certain assets of $126,733 that occurred in the fourth quarter 2013, pro forma operating profit was $125,133 for the quarter.
Net loss for the quarter decreased 81% to $(575,521), as compared to $(2,952,336) for the comparable period.
While total revenues for the quarter decreased by $725,097 as compared to the comparable period, fourth quarter 2012 revenues included sales from divisions that were non-core to the Company's business and have since been discontinued.
Management Comment
"In the fourth quarter, our operating cash flows and gross margins represented a positive trend. This past year was certainly challenging, but our decision in early 2013 to discontinue certain non-core divisions and focus on our core production petrochemical business has proven to be a very successful strategy," said David Dugas, President and Chief Executive Officer. "Our gross margins were impacted by the significant increase in production petrochemical sales, as compared to completion petrochemicals. While we continue to pursue opportunities in completion petrochemical work for our customers, we are now focusing most of our efforts on growing our production business."
"We expect this positive trend in sales to continue in 2014 as we seek out capital to fund our growth. We remain confident in our ability to attract financing as we continue to show positive results. In the meantime, opportunities for new business have grown due to our ability to achieve better performance from our products and services over our competitors when deploying our chemical programs on new wells."
Full-Year 2013 Financial Results
Revenue for the year-ended December 31, 2013 was $10,591,111, compared to $16,987,213 for the same period in 2012, a decrease of $6,396,102, or 38%. The decrease was primarily due to a reduction in the completion petrochemical sales and services to customers engaged in hydraulic fracturing. This decrease totaled $8,605,000 for 2013, as compared to 2012, but was offset by an increase in production petrochemical sales of 30%, or $1,966,970. The increase in production petrochemical sales represents higher revenue from both new and existing customers through sales of additional production petrochemical products at existing customers' well-sites.
The Company's gross profit from continuing operations, as a percentage of revenue for the year, was 51% compared to 45% for the same period in 2012, an increase of 6%. The increase in gross margin reflects an increased portion of business from production petrochemical sales. These have a higher gross profit margin of 54% compared to the 40% gross profit margin of completion chemicals.
General and administrative expenses decreased by $2,760,666, or 26% for the year. The decrease in expenses for the year is primarily due to the reduction of the company's operating personnel from 52 to 39 employees and to a decrease in business development costs for international opportunities from $1,167,000 in 2012 to $714,000 in 2013. In addition, the company incurred $700,000 in legal fees as a result of litigation in 2012, namely the trade secret infringement lawsuit initiated in March 2012 to protect the company's trade secrets. There were no comparable amounts in the 2013 calendar year.
The stock-based compensation included in the general and administrative expenses was $1,177,697 and $2,482,678 for the years ended December 31, 2013 and 2012, respectively, a decrease of 52.6%.
The company recognized a loss on disposal of assets in 2013 of $327,174 and an impairment loss on assets held for sale of $133,556, representing the closure cost of the former corporate offices in The Woodlands, Texas and anticipated loss on assets held for sale. There were no comparable amounts in the prior fiscal year.
Net loss for the year ended December 31, 2013 was $(5,237,777), an increase of $156,045 compared to a loss of $(5,081,732) for the same period in 2012. The primary reason for the increase was due to the loss from discontinued operations of $365,421 compared to $103,221 for the comparable period in 2012.
.
CONTACT: David Dugas, President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056
Source: ESP Resources, Inc.
ACGX,.. $0.0063... That's true but when I did it,, it was higher in price and is listed on the top of the chart that I posted.. It will change with the price so no calculation is necessary.. hope this helps.. hank
ERLIF.. $0.155 Cdn.... A bright spot in what has become a slow and sloppy trading month.. This month's trades are fewer than some days in past years.. I don't see it changing during May..
Stocks to buy for trades are far and few and caution must be exercised when establishing positions.. Value traps are all around so just buying on news doesn't give much assurance that you have a good stock to trade.. I find trades taking months,, even years to make money on where just a few years ago we saw turnover sometimes in weeks.. hank
04/30/14 9:30 AM EDT Buy 8000 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 8000 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 42500 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 388 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 73500 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 12500 ERILF Executed @ $0.135 Details | Edit
04/28/14 3:59 PM EDT Buy 10000 STKR Executed @ $0.04 Details | Edit
04/28/14 3:51 PM EDT Sell 500 QMDT Executed @ $0.0218 Details | Edit
04/28/14 3:19 PM EDT Buy 10000 QMDT Executed @ $0.0128 Details | Edit
04/28/14 3:10 PM EDT Buy 49088 STKR Executed @ $0.04 Details | Edit
04/28/14 1:30 PM EDT Buy 108888 ESPIE Executed @ $0.017 Details | Edit
04/28/14 1:22 PM EDT Buy 88888 ESPIE Executed @ $0.0178 Details | Edit
04/25/14 11:48 AM EDT Buy 1017 DTST Executed @ $0.0508 Details | Edit
04/25/14 10:33 AM EDT Sell 3415 JGPK Executed @ $0.98 Details | Edit
04/25/14 9:50 AM EDT Buy 10000 ESPIE Executed @ $0.0198 Details | Edit
04/25/14 9:44 AM EDT Buy 10000 ESPIE Executed @ $0.0198 Details | Edit
04/25/14 9:41 AM EDT Buy 24000 GATA Executed @ $0.2258 Details | Edit
04/25/14 9:35 AM EDT Buy 10536 ESPIE Executed @ $0.0198 Details | Edit
04/24/14 3:46 PM EDT Sell 2600 EVTN Executed @ $0.08 Details | Edit
04/24/14 1:48 PM EDT Buy 4300 TBTC Executed @ $0.95 Details | Edit
04/24/14 12:26 PM EDT Sell 5000 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:26 PM EDT Sell 1155 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:26 PM EDT Sell 8845 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:25 PM EDT Sell 10000 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:25 PM EDT Sell 35431 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:25 PM EDT Sell 12500 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:24 PM EDT Sell 10000 EVTN Executed @ $0.0802 Details | Edit
04/23/14 3:37 PM EDT Buy 7000 GATA Executed @ $0.2228 Details | Edit
04/23/14 3:27 PM EDT Buy 9400 GATA Executed @ $0.2228 Details | Edit
04/23/14 12:49 PM EDT Buy 20000 AMPG Executed @ $0.0333 Details | Edit
04/23/14 11:35 AM EDT Buy 30000 ERILF Executed @ $0.1289 Details | Edit
04/23/14 9:54 AM EDT Sell 6800 GATA Executed @ $0.2398 Details | Edit
04/22/14 3:50 PM EDT Buy 20000 NXES Executed @ $0.1638 Details | Edit
04/22/14 12:17 PM EDT Buy 12888 ERILF Executed @ $0.1245 Details | Edit
04/22/14 11:21 AM EDT Buy 40000 ERILF Executed @ $0.1243 Details | Edit
04/22/14 10:51 AM EDT Buy 46112 ERILF Executed @ $0.1243 Details | Edit
04/22/14 10:37 AM EDT Buy 30000 ERILF Executed @ $0.1233 Details | Edit
04/22/14 10:36 AM EDT Sell 10500 GATA Executed @ $0.24 Details | Edit
04/22/14 10:28 AM EDT Sell 2500 GATA Executed @ $0.242 Details | Edit
04/22/14 9:45 AM EDT Buy 6800 GATA Executed @ $0.242 Details | Edit
04/21/14 1:11 PM EDT Buy 30689 KLYG Executed @ $0.1288 Details | Edit
04/21/14 12:03 PM EDT Buy 13935 DTST Executed @ $0.0508 Details | Edit
04/17/14 9:46 AM EDT Sell 5000 AMTX Executed @ $0.4958 Details | Edit
04/17/14 9:44 AM EDT Sell 5000 AMTX Executed @ $0.497 Details | Edit
04/15/14 3:50 PM EDT Sell 6050 QMDT Executed @ $0.0288 Details | Edit
04/15/14 3:49 PM EDT Sell 4000 QMDT Executed @ $0.0288 Details | Edit
04/15/14 2:33 PM EDT Buy 2500 AMTX Executed @ $0.4428 Details | Edit
04/15/14 2:17 PM EDT Buy 7500 AMTX Executed @ $0.4428 Details | Edit
04/15/14 12:10 PM EDT Sell 65 OXBC Executed @ $7.65 Details | Edit
04/14/14 11:43 AM EDT Buy 31000 DTST Executed @ $0.052 Details | Edit
04/14/14 9:54 AM EDT Sell 1900 HTM Executed @ $0.79 Details | Edit
04/14/14 9:54 AM EDT Sell 100 HTM Executed @ $0.7904 Details | Edit
04/14/14 9:54 AM EDT Sell 500 HTM Executed @ $0.7901 Details | Edit
04/14/14 9:53 AM EDT Sell 4000 HTM Executed @ $0.7901 Details | Edit
04/11/14 2:36 PM EDT Buy 388 MBXBF Executed @ $0.361 Details | Edit
04/11/14 2:36 PM EDT Buy 12500 MBXBF Executed @ $0.361 Details | Edit
04/11/14 2:36 PM EDT Buy 1000 MBXBF Executed @ $0.361 Details | Edit
04/11/14 2:36 PM EDT Buy 1000 MBXBF Executed @ $0.361 Details | Edit
04/11/14 11:36 AM EDT Sell 5000 AMTX Executed @ $0.57 Details | Edit
04/10/14 10:25 AM EDT Sell 1300 KLYG Executed @ $0.1688 Details | Edit
04/10/14 9:30 AM EDT Buy 6000 MBXBF Executed @ $0.3782 Details | Edit
04/10/14 9:30 AM EDT Buy 3000 MBXBF Executed @ $0.381 Details | Edit
04/10/14 9:30 AM EDT Buy 1000 MBXBF Executed @ $0.381 Details | Edit
04/09/14 10:28 AM EDT Buy 2400 SCIA Executed @ $1.2 Details | Edit
04/08/14 12:39 PM EDT Buy 12000 GATA Executed @ $0.21 Details | Edit
04/08/14 12:35 PM EDT Buy 10000 KLYG Executed @ $0.145 Details | Edit
04/08/14 11:08 AM EDT Buy 600 OPBK Executed @ $8.25 Details | Edit
04/08/14 11:08 AM EDT Buy 400 OPBK Executed @ $8.25 Details | Edit
04/08/14 10:47 AM EDT Buy 2888 HTM Executed @ $0.8099 Details | Edit
04/08/14 10:46 AM EDT Buy 5888 HTM Executed @ $0.81 Details | Edit
04/08/14 10:38 AM EDT Sell 1000 AMTX Executed @ $0.58 Details | Edit
04/08/14 10:23 AM EDT Buy 38888 KLYG Executed @ $0.1388 Details | Edit
04/08/14 9:48 AM EDT Sell 100 AMTX Executed @ $0.5888 Details | Edit
04/08/14 9:37 AM EDT Sell 25000 AMTX Executed @ $0.58 Details | Edit
04/07/14 2:09 PM EDT Sell 288 AMTX Executed @ $0.57 Details | Edit
04/07/14 1:51 PM EDT Sell 54300 AMTX Executed @ $0.57 Details | Edit
04/07/14 1:46 PM EDT Sell 20000 AMTX Executed @ $0.58 Details | Edit
04/07/14 12:56 PM EDT Buy 50000 ERILF Executed @ $0.1007 Details | Edit
04/07/14 12:55 PM EDT Buy 38888 ERILF Executed @ $0.1028 Details | Edit
04/07/14 10:09 AM EDT Buy 18000 GATA Executed @ $0.202 Details | Edit
04/03/14 3:11 PM EDT Sell 5000 GATA Executed @ $0.2488 Details | Edit
04/02/14 2:25 PM EDT Buy 68888 MLPH Executed @ $0.0162 Details | Edit
ACGX.. $0.0065.. When you have prices as I do on all my posts it is easy to find periods where the price will be wrong but the Info.. still remains the same..
ACGX is a dilution machine and if you don't believe that take a stand and they will let you buy all you want.....
ACGX.. $0.0075..
One thing good about I-Hub is that you can go back and find info .. Notice the date on this re-post and pay especially careful to read the shares and earnings at that time.. This is where I came in,, there were no reverses since I bought my first shares around the same price as it is trading today.. But the shares have increased 67 Times since.... At the time of my purchases there was enough funds to pay off all the debt but since in the E-Mail at the bottom of the page indicates the toxic debt is held by who and who benefits from the conversion at a discount to the market.. ACGX is little changed today and is still controlled by the Preferred.. Not much can be added..hank
==========================================
10 bagger Member Level Thursday, 11/15/12 08:30:49 AM
Re: 10 bagger post# 254
Post # of 495
ACGX.. $0.011 .. Complete DD Package..
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. is a printing, packaging and brand management marketing company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product fulfillment & logistics and strategic marketing.
EPS per share fully Diluted appear to be: $660K for 9mo's or $0.0042 per share and 159k or $0.0016 for the most current Qtr. At a price of $0.011 with EPS. anticipated to be at least $800K or $0.00516 per share or 2.15PE..
www.AllianceCreativeGroup.com.
Investor Relations and Media Contact
1-847-885-1800 ext 6
info@AllianceCreativeGroup.com
Shares Outstanding: The total outstanding shares as of November 13, 2012 are 12,349,477..
Float: 12,207,502
Shares Outstanding Fully Diluted:Total shares assuming full dilution seem to be less than 155,000,000 shares and earnings per share upon full dilution should be used IMO in the evaluation of the investment value in any portfolio of ACGX.. hank.
Insider Holdings: Shares are controled by the preferred Shares held by Insider St. Louis,, the president of the company.. The preferred stock had 1000 votes per share and 1000 to 1 conversion rights into common but is not entitled to receive any cash dividends. The company is currently in the process of amending the rights for the preferred stock to be reduced to 25 to 1 voting and 25 to 1 conversion right into common stock. If all the preferred stock was converted into common stock it would be equal to 125 million shares. However, there are no plans to convert the preferred into common shares at this time.
==================================
10 bagger Member Level Wednesday, 11/14/12 09:26:43 PM
Re: None
Post # of 362
ACGX.. Quarterly Report GO to the ACGX board and click on to where you can get news releases from I-Hub and most of the info that you need will be there.. I hope you can get some tomprrow as this is all we need now to make this thing real.. They didn't want to do anything but I believe we forced them into it.. hank
============================================================
Wed, Nov 14, 2012 07:35 - Alliance Creative Group, Inc. (ACGX: OTC Link) released their Quarterly Report concerning ACGX Consolidated 3rd Quarter 2012 Disclosure & Financial Statements - Balance Sheet, Income Statement, Cash-Flows and Stockholder Equity ending September 30, 2012. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=94577.
==================================================
ACGX is out with earnings. They did 2.8 million in sales and 160k in net profits. They now stand at 660k in net profits for 9 months. The good news is that they now come clean with all the preferred stuff in the filing. They also clearly speak about a certain number of shares if fully diluted. There are now 11 million shares outstanding. So I will clearly do the math with this number for now on the boards. Let's get this thing up to 3 cents now!!
The preferred stock had 1000 votes per share and 1000 to 1 conversion rights into common but is not entitled to receive any cash dividends. The company is currently in the process of amending the rights for the preferred stock to be reduced to 25 to 1 voting and 25 to 1 conversion right into common stock. If all the preferred stock was converted into common stock it would be equal to 125 million shares. However, there are no plans to convert the preferred into common shares at this time.
===============================================
Alliance Creative Group (ACGX) Announces the Removal of their DTCC Deposit Chill
Company Symbols: OTC-PINK:ACGX, ACORN:A.2818830036, ACORN:A.3706905638
Company Amending Preferred Stock Terms to Benefit Current Shareholders
CHICAGO, Nov. 1, 2012 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX.pk) is pleased to announce the removal of the DTCC Deposit Chill on its stock and the amending of the terms of the company's preferred stock to benefit current shareholders.
Attorney Simon Kogan represented the company and was able to help clear up any confusion by sharing all requested documentation with The Depository Trust & Clearing Corporation (DTCC) and getting the chill lifted so the company can resume accepting deposits and book-entry transfer services.
CEO of the Alliance Creative Group, Steven St. Louis, said, "Our attorney Simon Kogan deserves a lot of credit for helping us resolve this very frustrating and unfortunate situation. Now that we have resolved this issue we are going to continue working on growing the business and increasing shareholder value. In a significant step to improve shareholder value we are amending our Preferred Stock rights from 1000 to 1 voting and conversion rights to 25 to 1. There are 5 million outstanding preferred shares, however we have not converted any preferred stock into common shares and have no plans to do so at this time." St. Louis went on to say, "Our Q3 #s will be released around the middle of November and we will be adding more detailed updates and disclosures in our 3rd Quarter reports that will be posted on the OTC Markets."
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a printing, packaging and brand management marketing company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product fulfillment & logistics and strategic marketing. www.AllianceCreativeGroup.com
About Simon Kogan, ESQ
Mr. Kogan is a senior litigator with over 20 years of experience in complex cases from inception to trial and beyond. He has personally managed dozens of arbitration and related matters for both brokers and public customers and generated over $400,000 per year in annual billings. Mr. Kogan has a long history as a partner in boutique securities firm where he developed and maintained the firm's intranet and use of technology for litigation support. Through his private practice and in cooperation with other lawyers, Mr. Kogan handles civil litigation and private securities matters, including private placements and reverse mergers. From 1993-95, Mr. Kogan taught legal writing as an Adjunct Professor of Law at New York Law School.
For Mr. Kogan's website please go to http://mysite.verizon.net/vzexoxyk/simonskoganesqattorneyatlaw/.
To contact via email simonkogan@verizon.net or via phone 718-984-3789.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Investor Relations and Media Contact
1-847-885-1800 ext 6
info@AllianceCreativeGroup.com
SOURCE Alliance Creative Group, Inc.
===========================================================
STL Marketing Group, Inc. (STLK) and Versant Corporation Execute Definitive Merger and Share Purchase Agreement
Marketwire - Oct 18 07:50 EDT
Alert hits:(/A (/a
Company Symbols: OTC-PINK:STLK, OTC-PINK:ACGX, ACORN:A.1301529744
Significant First Step in Increasing the Company's Future Value
CHICAGO, IL -- (Marketwire) -- 10/18/12 -- STL Marketing Group, Inc. (PINKSHEETS: STLK) and Versant Corporation have completed their merger and share purchase agreement. Versant I, Inc. has purchased the controlling block of preferred shares in STLK from Alliance Creative Group, Inc. (PINKSHEETS: ACGX). The Board of Directors of both companies have approved the merger of the companies and management will begin implementation immediately. As part of the merger, Mr. Paul Sorkin has resigned as Chief Executive Officer of STL Marketing Group, Inc. and Mr. Jose P. Quiros has been named STL Marketing Group's new Chief Executive Officer.
"We apologize for any delays or confusion related to the past status of STLK. Today is a great day for all current shareholders and I look forward to watching Mr. Quiros lead his team through this very exciting project. I am committed to working with the new management during this transition to assure that the public receives full and complete disclosures related to all past, current and future transactions," says former CEO Mr. Paul Sorkin.
The company has changed transfer agents from First American Stock Transfer to V Stock Transfer Agent and would like to correct a previous statement. Although the company has not issued a single share, free trading or restricted, since the 4th Quarter of 2009, the previous press release listed an incorrect total number of outstanding shares. The total number of current outstanding common shares is 21,623,524 with 20,843,686 of those shares free trading.
Current CEO Jose P. Quiros said, "We are very pleased with this transaction as it provides us a better platform to operate and provide continued transparency to our existing and future investors in addition to positioning us to better access the capital markets. We will implement a parallel strategy that continues to pursue the completion of our Power Purchase Agreement, as well as updating and completing our studies on the site. All while we initiate the necessary work to complete our audits and file all required information and disclosures to complete the requirements for STLK to become a fully reporting company. We look forward to implementing our business plan and filing the necessary filings with the Securities Exchange Commission as soon as possible."
About STL Marketing Group, Inc./ Versant Corporation
Versant Corporation is a subsidiary of STL Marketing Group, Inc. and a Colorado based renewable energy company whose primary focus is to develop and operate renewable energy projects. Its first stage of development is focused on wind energy facilities in Costa Rica. For more information on Versant, please visit our web site at www.v3rsant.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Media and Investor Relations Contact
STL Marketing Group, Inc. and Versant Corporation
Phone +1-312-324-0433
Email Contact
Source: St. Louis Marketing Group; Versant
===================================================
Alliance Creative Group (ACGX) Reports Over $2,800,000 in Q2 Revenue for 2012 and a 30% increase in Gross Profits for Q2 2012 compared to Q2 2011
PR Newswire - Aug 16 09:00 EDT
Alert hits:(/A (/a
Company Symbols: OTC-PINK:ACGX
Annual Estimated EPS equal to about 12 cents per share
CHICAGO, Aug. 16, 2012 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX) is pleased to announce the results of Operations for the Three Months Ended June 30, 2012 compared to the Three Months Ended June 30, 2011.
Revenues for the three months ended June 30, 2012 ("Second Quarter 2012") were $2,828,474 compared with $2,537,895 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is an increase of $290,579 or 12% for the quarter.
Gross Profits for the three months ended June 30, 2012 ("Second Quarter 2012") were $774,727 compared with $596,553 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is an increase of $178,174 or 30% for the quarter.
Net Income for the three months ended June 30, 2012 ("Second Quarter 2012") were $209,282 compared with $213,530 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is a decrease of $4,248 or 2% decrease for the quarter due to some 1 time expenses and bad debt write off.
The total assets of the Alliance Creative Group as of 6/30/12 were $5,140,966. The total equity was $1,864,933. The total outstanding shares as of June 30, 2012 were 8,554,746 with 8,415,221 of those shares in the float. The stock is currently trading around the 2.5 cents per share range and the overall company market cap is around only $200,000.
The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are on the Company website at http://alliancecreativegroup.com/investor-relations under the section for financials and on www.OTCmarkets.com under stock symbol ACGX.
CEO of the Alliance Creative Group, Steven St. Louis, said "I am very proud of our team and the progress we are making. This is our 11th consecutive quarter with over a million dollars in revenue and our earnings per share for 2012 are estimated to be around 12 cents a share. We moved into a larger office/warehouse location and have added some quality members to our growing team. We also purchased some additional equipment and are still evaluating other new technologies to help keep our competitive edge. Our Revenue and Gross Profits were both up but our Net Income was a little lower because of a few 1 time expenses and a bad debt write off. Now that we have moved into our new location we will be stepping up our efforts to find good strategic partners and potential acquisitions to help continue growing both organically and by acquisition. We will also continue to look for bigger and more long-term financial partners to help us get to the next level quicker. We feel our foundation is very solid and there are a lot of opportunities we want to evaluate. Our overall goals continue to be increased revenues, profits, stock price, stock liquidity and increased shareholder value and we will continue to look for and evaluate the best ways to accomplish these goals."
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a printing, packaging and marketing company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product development, event marketing, business consulting and strategic marketing. www.AllianceCreativeGroup.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Investor Relations and Media Contact
1-847-885-1800 ext 6
info@AllianceCreativeGroup.com
====================================================
Alliance Creative Group (ACGX) Moves to New Office to Prepare for Future Growth and Opportunities
PR Newswire - Aug 01 08:30 EDT
Alert hits:(/A (/a
Company Symbols: OTC-PINK:ACGX
Company has also been adding key employees to help manage future expansion
CHICAGO, Aug. 1, 2012 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (PINKSHEETS: ACGX) is pleased to announce the addition of some key employees and the completion of the move to a bigger office location. The new office is located at 1066 National Parkway in Schaumburg, IL.
The new office is approximately 13,000 square feet and allows for the addition of some workspace, equipment and employees to help prepare for and handle the future growth and potential expansion opportunities.
CEO of the Alliance Creative Group, Steven St. Louis, said "We are very excited about this move and the addition of some quality employees because our overall numbers and business fundamentals have been very solid and this new location and the additional experienced employees will help us better execute our business plans. We have been and continue to aggressively look for all opportunities with good synergy to our printing, packaging and marketing core businesses. We feel these industries are perfect for roll ups to share space and resources to better service clients while maintaining good margins and being very competitive". Mr. St. Louis went on to say, "we will be posting some pictures online of the new facility in the near future and should have the 2nd quarter numbers released around the middle of August. We are aware of the major disconnect between our revenues, profits and financial numbers and our stock price and market cap and are working diligently with legal and financial professionals in an attempt to change this. As we find out more we will inform the public via press releases and uploads to the OTC Markets website and our main website www.AllianceCreativeGroup.com
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a printing, packaging and marketing company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product development, event marketing, business consulting and strategic marketing. www.AllianceCreativeGroup.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Investor Relations and Media Contact
1-847-885-1800 ext 6
info@AllianceCreativeGroup.com
SOURCE Alliance Creative Group, Inc.
===========================================================
10 bagger Member Level Friday, 10/05/12 02:19:53 PM
Re: None
Post # of 362
Amazing reply to my e-mail:
Original message: "great day volume interest for ACGX, but strange to see ,despite 2,9M vol., we risked to close unch.
Lot of posters (old stockholders from previous R/S) continuate to insinuate no trusting , diluition only matter of time, beware and bla...bla...
Hello
During the last 5 years everyone has had a different experience with our company depending on when they bought or sold and what their trading style is or was. We have to remember the stock has only been reversed 1 time in the last 5 years and we survived the recession and a very difficult time for the market and for small businesses - 2008 to 2011 was especially a challenging time for all of us.
People seem to forget I took over as CEO in June of 2008 when the company was doing horrible. They had very low revenues, big losses and a lot of debt. I cut just about everything and everyone, closed offices and starting building a foundation to build off of. I built it up from around $100,000 in revenue and a loss to about $10,000,000 in revenue with solid profits of about $800,000 in net income in only a few years and Now is our CEO as of Dec 21, 2011 and I am the General Counsel.
Now in order to build the company I had to make a lot of very hard decisions and be very aggressive. I entered into some joint ventures that started off strong and eventually had to be dissolved because of a change in their management. We also had some friends and family invest using the 1 year hold convertible note method to avoid any direct funding from issuing shares and cause big dilution quickly by using the 504 or Reg A to sell shares directly for cash causing an instant dilution. Although it helped to delay dilution for over a year eventually some of the investors wanted to get some of their money back. Unfortunately the stock was trading so low that when they started to convert their notes, the dilution went up, and the price went down and the MM’s crushed us and shorted us and naked shorted us into we were cellar boxed in at .0001. This hurt me, the company, the investors and the shareholders - no one wanted this to happen and we tried to fight it the entire time but eventually had no other options.
After being stuck at .0001 for a long time with no real options left we reluctantly did a reverse split to help get us to a better trading area away from the naked short sellers. This was done in November of 2010 (About 18 months ago). So we have done 1 reverse total in the last 5 years. since then DTC has been difficult and will not allow electronic deposits so some brokers will not let people buy and sell via certificate form so it has probably scared away some traders. However, we haven’t issued a single share in about 8 months and now have a very stable and profitable company with a very low float.
I hope people will look beyond the stereotypes of what they think happened and look at the facts and the documented transactions and realize the company and myself personally lost as much or more money than anyone by being public vs. private and we have still tried to do everything we could and can to put us in a better situation despite the naked shorters, the DTC and the paid bashers.
I think we have done a great job controlling the dilution, increasing the revenues and profits and by sharing more information with the public to help people make better informed decisions. The reverse was 18 months ago and the company currently has only 8.4 mil shares in the float with over $9 mil in revenue and almost $800k in net income. There is zero reason for anyone to even think about a reverse since it is not something a company wants to do and wouldn't make any sense to do at this point. We all have the same common goal and the better the company does and the stock does the better the chance we can all make more money in the future.
The crazy thing is if everyone who lost money and is bashing me or the company ALL got together and bought a ton of stock tomorrow to average down their investment the stock would probably go to 10 or 20 cents and they could probably make a lot of their money back. I am not in any way saying that will happen or recommending anyone do that but I'm just saying when people and companies go through difficult times we are all stronger when working together to accomplish the same common goal of helping people make some of their money back.
Everyone needs to do their own research, their own DD, form their own opinions and make their own decisions but I hope things continue in the right direction.
Also keep in mind I have offered to listen to every basher by asking them to email me directly and go over any suggestions or ideas to make things better and only 1 or 2 bashers have ever emailed me directly in the past few years so that tells me they are not real bashers with real concerns that are looking for real solutions but rather just paid bashers trying to help the shorters and whoever is paying them.
Slow Month so far and I don't see it changing during May.. Stocks to buy are far and few and caution must be exercised when establishing positions.. Value traps are all around so just buying on news doesn't give much assurance that you have a good stock to trade.. I find trades taking months,, even years to make money on where just a few years ago we saw turnover sometimes in weeks.. hank
04/30/14 9:30 AM EDT Buy 8000 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 8000 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 42500 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 388 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 73500 ERILF Executed @ $0.135 Details | Edit
04/30/14 9:30 AM EDT Buy 12500 ERILF Executed @ $0.135 Details | Edit
04/28/14 3:59 PM EDT Buy 10000 STKR Executed @ $0.04 Details | Edit
04/28/14 3:51 PM EDT Sell 500 QMDT Executed @ $0.0218 Details | Edit
04/28/14 3:19 PM EDT Buy 10000 QMDT Executed @ $0.0128 Details | Edit
04/28/14 3:10 PM EDT Buy 49088 STKR Executed @ $0.04 Details | Edit
04/28/14 1:30 PM EDT Buy 108888 ESPIE Executed @ $0.017 Details | Edit
04/28/14 1:22 PM EDT Buy 88888 ESPIE Executed @ $0.0178 Details | Edit
04/25/14 11:48 AM EDT Buy 1017 DTST Executed @ $0.0508 Details | Edit
04/25/14 10:33 AM EDT Sell 3415 JGPK Executed @ $0.98 Details | Edit
04/25/14 9:50 AM EDT Buy 10000 ESPIE Executed @ $0.0198 Details | Edit
04/25/14 9:44 AM EDT Buy 10000 ESPIE Executed @ $0.0198 Details | Edit
04/25/14 9:41 AM EDT Buy 24000 GATA Executed @ $0.2258 Details | Edit
04/25/14 9:35 AM EDT Buy 10536 ESPIE Executed @ $0.0198 Details | Edit
04/24/14 3:46 PM EDT Sell 2600 EVTN Executed @ $0.08 Details | Edit
04/24/14 1:48 PM EDT Buy 4300 TBTC Executed @ $0.95 Details | Edit
04/24/14 12:26 PM EDT Sell 5000 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:26 PM EDT Sell 1155 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:26 PM EDT Sell 8845 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:25 PM EDT Sell 10000 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:25 PM EDT Sell 35431 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:25 PM EDT Sell 12500 EVTN Executed @ $0.08 Details | Edit
04/24/14 12:24 PM EDT Sell 10000 EVTN Executed @ $0.0802 Details | Edit
04/23/14 3:37 PM EDT Buy 7000 GATA Executed @ $0.2228 Details | Edit
04/23/14 3:27 PM EDT Buy 9400 GATA Executed @ $0.2228 Details | Edit
04/23/14 12:49 PM EDT Buy 20000 AMPG Executed @ $0.0333 Details | Edit
04/23/14 11:35 AM EDT Buy 30000 ERILF Executed @ $0.1289 Details | Edit
04/23/14 9:54 AM EDT Sell 6800 GATA Executed @ $0.2398 Details | Edit
04/22/14 3:50 PM EDT Buy 20000 NXES Executed @ $0.1638 Details | Edit
04/22/14 12:17 PM EDT Buy 12888 ERILF Executed @ $0.1245 Details | Edit
04/22/14 11:21 AM EDT Buy 40000 ERILF Executed @ $0.1243 Details | Edit
04/22/14 10:51 AM EDT Buy 46112 ERILF Executed @ $0.1243 Details | Edit
04/22/14 10:37 AM EDT Buy 30000 ERILF Executed @ $0.1233 Details | Edit
04/22/14 10:36 AM EDT Sell 10500 GATA Executed @ $0.24 Details | Edit
04/22/14 10:28 AM EDT Sell 2500 GATA Executed @ $0.242 Details | Edit
04/22/14 9:45 AM EDT Buy 6800 GATA Executed @ $0.242 Details | Edit
04/21/14 1:11 PM EDT Buy 30689 KLYG Executed @ $0.1288 Details | Edit
04/21/14 12:03 PM EDT Buy 13935 DTST Executed @ $0.0508 Details | Edit
04/17/14 9:46 AM EDT Sell 5000 AMTX Executed @ $0.4958 Details | Edit
04/17/14 9:44 AM EDT Sell 5000 AMTX Executed @ $0.497 Details | Edit
04/15/14 3:50 PM EDT Sell 6050 QMDT Executed @ $0.0288 Details | Edit
04/15/14 3:49 PM EDT Sell 4000 QMDT Executed @ $0.0288 Details | Edit
04/15/14 2:33 PM EDT Buy 2500 AMTX Executed @ $0.4428 Details | Edit
04/15/14 2:17 PM EDT Buy 7500 AMTX Executed @ $0.4428 Details | Edit
04/15/14 12:10 PM EDT Sell 65 OXBC Executed @ $7.65 Details | Edit
04/14/14 11:43 AM EDT Buy 31000 DTST Executed @ $0.052 Details | Edit
04/14/14 9:54 AM EDT Sell 1900 HTM Executed @ $0.79 Details | Edit
04/14/14 9:54 AM EDT Sell 100 HTM Executed @ $0.7904 Details | Edit
04/14/14 9:54 AM EDT Sell 500 HTM Executed @ $0.7901 Details | Edit
04/14/14 9:53 AM EDT Sell 4000 HTM Executed @ $0.7901 Details | Edit
04/11/14 2:36 PM EDT Buy 388 MBXBF Executed @ $0.361 Details | Edit
04/11/14 2:36 PM EDT Buy 12500 MBXBF Executed @ $0.361 Details | Edit
04/11/14 2:36 PM EDT Buy 1000 MBXBF Executed @ $0.361 Details | Edit
04/11/14 2:36 PM EDT Buy 1000 MBXBF Executed @ $0.361 Details | Edit
04/11/14 11:36 AM EDT Sell 5000 AMTX Executed @ $0.57 Details | Edit
04/10/14 10:25 AM EDT Sell 1300 KLYG Executed @ $0.1688 Details | Edit
04/10/14 9:30 AM EDT Buy 6000 MBXBF Executed @ $0.3782 Details | Edit
04/10/14 9:30 AM EDT Buy 3000 MBXBF Executed @ $0.381 Details | Edit
04/10/14 9:30 AM EDT Buy 1000 MBXBF Executed @ $0.381 Details | Edit
04/09/14 10:28 AM EDT Buy 2400 SCIA Executed @ $1.2 Details | Edit
04/08/14 12:39 PM EDT Buy 12000 GATA Executed @ $0.21 Details | Edit
04/08/14 12:35 PM EDT Buy 10000 KLYG Executed @ $0.145 Details | Edit
04/08/14 11:08 AM EDT Buy 600 OPBK Executed @ $8.25 Details | Edit
04/08/14 11:08 AM EDT Buy 400 OPBK Executed @ $8.25 Details | Edit
04/08/14 10:47 AM EDT Buy 2888 HTM Executed @ $0.8099 Details | Edit
04/08/14 10:46 AM EDT Buy 5888 HTM Executed @ $0.81 Details | Edit
04/08/14 10:38 AM EDT Sell 1000 AMTX Executed @ $0.58 Details | Edit
04/08/14 10:23 AM EDT Buy 38888 KLYG Executed @ $0.1388 Details | Edit
04/08/14 9:48 AM EDT Sell 100 AMTX Executed @ $0.5888 Details | Edit
04/08/14 9:37 AM EDT Sell 25000 AMTX Executed @ $0.58 Details | Edit
04/07/14 2:09 PM EDT Sell 288 AMTX Executed @ $0.57 Details | Edit
04/07/14 1:51 PM EDT Sell 54300 AMTX Executed @ $0.57 Details | Edit
04/07/14 1:46 PM EDT Sell 20000 AMTX Executed @ $0.58 Details | Edit
04/07/14 12:56 PM EDT Buy 50000 ERILF Executed @ $0.1007 Details | Edit
04/07/14 12:55 PM EDT Buy 38888 ERILF Executed @ $0.1028 Details | Edit
04/07/14 10:09 AM EDT Buy 18000 GATA Executed @ $0.202 Details | Edit
04/03/14 3:11 PM EDT Sell 5000 GATA Executed @ $0.2488 Details | Edit
04/02/14 2:25 PM EDT Buy 68888 MLPH Executed @ $0.0162 Details | Edit
All former projections were based upon collection factoring that that never even is/coming close to happening..
Especially the countless 100% projected collection rates and PR Follys that all misguided News Releases and bumbling CC were used to explain the mishandling of information..
The touted Investment banker arrangements along with the Whales coming into to lock up the float was nothing more than a ploy to sell stock into the buying flurry's that occurred after each post...
SPIN was SPUN for sure and all that came aboard were given information that had no basis for being,, especially the collection rate..
Some will say that collection rate never came from the company but those that knew never disclosed that information for what it was,, but rather took the time to shoot any messenger bringing it up..
SPIN is a great example of a P&D ,, with the only exception being,, it was done on a higher level than a sub penny stock..
NEWS !!!! ACGX.. $0.008...
So what else is new,, They had so few people at this conference that a large room was not even arranged for.. The best part was this line. The event will feature 25 presenting companies and is expecting over 1000 elite Wall Street professionals. They really thought that these people would fly in just before Xmas. to listen about a sub-penny stock..?? Now we have the same release about the industry in style today.. Both opened into a loaded ask.. Fool some once but try it twice,,??? hank
Alliance Creative Group's Print4aCause.com (ACGX) Has Been Awarded the Exclusive Print Sponsorship for the Wall St. Conference
CHICAGO, IL -- (Marketwired) -- 12/17/13 -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (PINKSHEETS: ACGX) is pleased to announce www.Print4aCause.com has been awarded the exclusive print sponsorship for the Wall St. Conference and will help raise money and awareness for its featured causes.
The Wall St. Conference will be held at the Marriot Town Center in Boca Raton Florida on Thursday, December 19, 2013. The event will feature 25 presenting companies and is expecting over 1000 elite Wall Street professionals. For more information go to www.WallStConference.com
Print4aCause also released a new video to better explain its mission. Print4aCause will donate 10% of every website order to the charity of the customer's choice. The video can be seen at www.Print4aCause.com
"We are very pleased and excited that Print4aCause and Alliance Creative Group will be the exclusive print sponsor for the Wall Street Conference," said Jason Lyons, Founder and CEO of the Wall Street Conference.
COO & General Counsel of Alliance Creative Group, Paul Sorkin, said, "Print4aCause offers the highest quality products with world-class service while focusing on giving back to meaningful causes. We are very excited to introduce our newest project to some very relevant and influential members of the financial community. We believe when people are given a choice between 2 similar services for all their printing needs they will pick Print4aCause to help support worthy causes without having to do anything extra. Our goal is to get others involved in helping to spread the word by posting, tweeting and forwarding the video to introduce people to the compassionate side of printing. People can also like our Facebook page www.facebook.com/print4acause and follow us on Twitter www.twitter.com/print4acause.
About Wall St. Conference
The Wall Street Conference is the premiere conference in the micro-cap and mid-cap arena. The most senior and elite Wall Street professionals attend this conference. Industry leaders from the hedge fund, investment banking, and private equity worlds, as well as sophisticated investors, all attend the Wall Street Conference every year to discuss significant trends in the industry. www.WallStConference.com
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (PINKSHEETS: ACGX) is a printing, packaging, procurement and supply chain management company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include packaging, printing, POP/POS displays, creative and design services, direct mail, supply chain management & logistics, brand development, fulfillment, assembly, kitting & strategic marketing. www.AllianceCreativeGroup.com
About Print4aCause
Print4aCause was founded on the principles of integrity, creativity, compassion and, most importantly, giving back. Every business owner has to create multiple items from business cards, letterhead, postcards, flyers, banners, direct mailings and marketing materials. Print4aCause offers the highest quality products with world-class service while focusing on giving back 10% of all website orders to meaningful causes. www.Print4aCause.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Investor Relations and Media Contact
1-847-885-1800 x 6
info@ACGemail.com
Source: Alliance Creative Group, Inc.
ACGX.. $0.0084.. No Volume.. There is a big difference between shakeout and conversion.. Now that cast has been molded for conversions at a 70% discount to the market all those that can convert at only a 20% discount will soon be exiting or else be run over when the real dilution comes into effect.. Shares in the billions are within 24 months as I have predicted all along.. It's the Chicago way.. Has any found out the conversion rate of the new preferred H shares yet that will be converted at 70% below the market..??
It really doesn't matter anyway because as they continue to demonstrate they can at will issue more shares as needed for their piggy bank at the stroke of the pen.. Owning control means just that and as long as they own one share of preferred they control..
As usual I'm the only neg poster here but if you look at the rollover in faces at ACGX it's about time I take a rest.. I'm tired of teaching each new rotation of the the too good to be true groups,, and you all have been warned.. See ya in 3 Months.. That is only though if someone else thinks he has the facts to backup what he says and finds a flaw/flaws in any of my most recent posts.. hank
I guess when it's not going SPIN's way this is the response.. But numbers were touted to the Moon and beyond and all the whales that was the truth,, the whole truth and nothing but the truth.
. Sad situation here but I must give credir where credit is due.. You have been a man of your word and like any good captain you are doing the right thing and going down with the ship.. If it goes deep enough while sinking,, but you should be careful that you don't get eaten by one of the many whales that circle around Spin..
Halo's around heads only seem to work above water and as of yet I don't believe anyone that has Spun the SPIN are walking on water yet,, They tried to make some believe they could but with a flawed business model they soon sank themselves into the deep hole of P & D's promoted for someone's gain.. You are correct for every winner there is a looser and most here have lost big time.. Is this a new wash and rinse coming..?? hank
THERE ARE NO SHORTS AS WAS SHOWN IN THE LAST FILING .. COMPANY STATES THAT 1,4 BILLION SHARES HAVE BEN SHORTED SINCE LATE LAST YEAR.. BS AS USUAL.
.
NEW PREFERRED H CONVERSION RATE COULD BE AS HIGH AS 10,000 FOR ONE ON CONERSION OR WHAT EVER THEY WANT IT TO BE.. IF CONVERTED AT THAT RATE IT COULD ADD ANOTHER 1,000,000,000 SHARES TO THE FLOAT..
SINCE THE RATE IS CONTROLLED BY THE STROKE OF A PEN AT WILL AND IS CONV. AT 30% OF MARKET VALUE I SEE BIG PAYDAYS FOR THE INSIDERS AND A REVERSE FOR THE SHAREHOLDERS.. AGAIN ACGX HAS FOUND A NEW WAY TO SCREW THE SHAREHOLDERS.. MR CLEAN WHO HAD NO SHARES NOW IS BACK INTO CONTROL..
ACGX SHAREHOLDERS AGAIN HAVE BEEN HAD.. IT'S THE CHICAGO WAY.. HANK
PS.. has any one actually called to find out the new conversion rate,, find out what the new AS is and how many shares are now in the float..?? Just the doubling of the conversion rate of the president's shares to 800,000,000 and holding 100,00,000 restricted shares indicates 750 AS is not enough.. But don't worry with a stroke of the pen as before new shares can be created w/o any compensation to any other shareholders.. Now that Sorkin has made a filing and he has run the show all along ,, I'll bet his converson will again give him control and his conversion rate will be higher than St Slicks.. hank