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Of course Golden State isn't. They sued to get what they felt they were rightfully owed. I'm referring the the Millions and Millions of shares they issued this year and years previous.
This companies "dilution" was/is just another form of scam. I'm share if looked more carefully into these unknown "noteholders" you would find a connection with acgx insiders. Otherwise any conscientious negotiator would have not indiscrimately issued soooo many shares with reckless abandon the way they historically have to a disinterested third party. This has been a slight if hand trick. They distract with alleged revenues while devaluing the stock at same time. Millions of free shares are out there to be cashed in at will.
Steven Louis is CEO..Paul is COO
Positive in that you received a response. I don't believe the settlement within itself is it will be the catalysts. If that prevented the company from doing real marketing and creating more awareness then we will have to sit back and wait. I don't think the lawsuit affected traders interest either. This pps has been all do to the company's share scamming kickback scheme. Or their serious lack of discretion or negotiating debts. What about if the company says they are "debt free"? That's makes no difference since they allegedly have millions in revenue and $100k in debt is relatively nothing.
The o/s vs float and MASSIVE dilution is what dragged this pps down and will keep it there unless huge volume and massive outside eyes look in.
I don't believe the IHUB effect either. All the baseless cheering isn't going help this. Neither is objective negative remarks going to bring this down. To each their own but anyone looking getting into this should be able to see all sides and make their own decision.
Large outside interest besides the small eyes looking here is needed.
I believe this was an arrogant shot at daytraders. For what purpose I don't know. Maybe cause there was talk of flipping in this forum during the time. But it was unnecessary as a plain generic statement would have been sufficient. Really the statement discredits them cause any activity on their stock attracts interests and better than being stagnant. All the while they were diluting the life out of this thing and decreasing shareholder value.
Lol..no proof company did not know..you obviously never had any contact with any government agency. They don't send chain letters or junk mail. Usually delinquent letters or any letters if importance are sent certified. Therefore they can confirm the individual was given proper notice. At very least they are sent to the present address on file. By the time the letter was sent EXAD had already demonstrated a "pattern" of being out of compliance. This was no mistake. It was intentional. So now you can't trust any action or correspondence EXAD has provided because they were not acting in good faith.
I don't know of any connection between old and new CEO but I do know existing CEO formerly of BDCI pumped that stock with paid promotions then went dark. Dumped it. Drove the pps down then out of nowhere announce merger leaving bdci bagholders.
These guys are crooks. Can't compare this situation with others.
They are had a commitment letter from Wells..so Wells based their lending decision on whatever they previously provided which was likely cooked up..id put money on the Wells deal not going thru...SEC halt and Wells has nothing to do with each other but i don't see the timing as coincedence.
Blast Off!!!
Sorry but I'd put my money on Brown's given the odds
I don't mind flippers..to be expected..thats better than stale no activity..im sure has a group who he tells prior to news whose making money too..i would..all of that not gonna change the ultimate destination here..and the sit a wait days are over here..this could really pop and run at any moment
ZERO COMMUNICATIONS from company regarding plan of action moving forward.
Sorry u got this one wrong..at the very least this is a great trade with SEC approval..scammers dont put themselves on SEC radar.. and an actual brick and mortar store...just pick ur profit margin and let this one ride
Any attempt at a run will be halted with so many bagholders at different levels and "noteholders" ready to cash in on free shares. A big wall go up preventing any real run. Something spectacular needs to happen for this to rebound.
Any attempt at a run will be halted with so many bagholders at different levels and "noteholders" ready to cash in on free shares. A big wall go up preventing any real run. Something spectacular needs to happen for this to rebound.
This thing is going no where fast..with over Billion outstanding shares and float 960 Million massive volume is needed to get this going anywhere. This thing will only move one to two ticks up them back down.. Watch.. nothing to cheer about now
If that is true and once confirmed this will soar!
Revenues are good but are they profitable..im all in here but already see how some tote revenues but profits/debts aka balance sheets is what really matters.
Those guys are rich indeed..if ur a business owner who would not devalue ur own stock by flooding market with cheap shares unless you could personally benefit from it. You rather issue those same shares and use money earned to pay off debt. This fact can't be ignored. AGCX has not historically operated in a way to increase shareholder value. They have used shareholders for their own benefit. Just look at their communication and even arrogant threat to flippers. Shareholders are just a pawn in their game.
Believe me this CEO is not suffering any losses here like shareholders
Old scheme trip been played for years..person says they have this large sum of money that they need to withdraw..they tell naive person "see I'm putting my own money in and we are going to the bank, etc to withdraw" the supposed large sum. The scammer saying they putting in their own money puts the victim guard down. Only in reality the scammer only gives appearance of putting in their money or just puts in a fraction of such. Same game played here. Only this came under SEC radar one way or another.
I already know..part of ploy..they didn't complete..but definitely served as a catalysts to lure more folks in
To date how shares have new management actually bought back?
Acgx will have to answer for the fluffed unaudited financials and kickback deals with "noteholders".
It's only a matter of time until the SEC reviews complaints against this company and they halt trading altogether.
Now this is delisted trading groups with hunt this down and short the chit out of it. It no longer has the protection it had when uplisted. Look for this to get real ugly cause blood is now in the water
Life goes on with it actual operating business. They have actual buy orders. The hurt is to voluntary shareholders and whatever expense its takes to correct this situation of its even contactable. Maybe easier to actually branch off the actual operating business into a new clean entity. However new and old management has shown suspect behavior and gross incompetence at best.
Another lackluster week of almost lifeless trading only with bad news on the horizon.
Well that was an informative post
A lot of churning going on
He is a former banker and knows the game..maybe even has someone working the angles..doesnt change anything cause this is going way up from here.. I loaded in the trips and holding for bigger profits.
Great to see all the trading activity either way
Well something to be said if that's the case and they have a history. Birds of a feather flock together. Then this whole thing was a farce to begin with..only thing is they had a tangible product and business to do it with.
Bdci took over control over exad and replaced their management
"Even discoverable" key point. Since old management and CEO was cooking the books the likelihood of this is slim..i only see litigation in the future. Evidently the deal made with bdci was not made in good faith or current management was severely negligent in researching who they were getting in bed with. However if you look at bdci history you will see that it was pumped then the company went dark. Bagholders was blindsided by the merger to a lower held pps ticker. Both CEO are crooks.
It's no coindence that SEC halts which impending Wells Fargo financiancing.. someone tipped off SEC and didn't want that deal to go thru..ita not gonna happen now. All these years of unaudited financials and SEC just suddenly cares.
No need to scare tactics or doom and gloom because this an obvious dire situation with no easy fix. They will either fix or legally undo agreement with exad for breach or misrepresentation..both will take time, lawyers, court cases, audits and money..sit back and watch the drama unfold.
Sorry for folks who went all in on this one
This CEO is not clean. He used the Wolf to pump BDCI which in itself is shady by association. Anyone who knows better know paid pumpers no bueno. However this lured traders cause company is a real company with real products and showed some promise. But they dumped then went dark, drive pps down and said they need to merge for an uplist.. He left many bcdi bagholders
Hopeless optimism..with all the shadiness going on that goes without sec interference u best be sure once they exhaust time and resource towards a specific entity that's not good..
What's folks should be more alarmed about is...Whats the true financial condition of this company you've been investing in? Are they cooking the books so badly that now somebody needs to step in and shut them down? Did someone at Wells Fargo take a look and tip the sec off?
Either way only doom here..i only got a small position to make up for some bcdi losses but hopefully bcdi can disassociate themselves and continue with their legit business
This volume pop is great..shows a lot more eyes than ihub looking at this one
Face it guys where are screwed..maybe bcdi will rescind the merger cause the only merged from the opportunity to uplist
We are toast..this is going to the greys..that just not a simple error