RETIRED GE QC & R/E
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Down as I expected with lower figures on everything. Of the gross profit of $655,519.00 these Snake Oil Salesmen have the gaul to spend $722,017.00 creating a negative -$56,498.00 net income with only $134,606.00 in the bank. This People Vine must have been a gift to save them from B/R as it produces NO positive income!! All this will not have a positive reaction to the stock price. Maybe next Qtr. for all the waiters here!!
it's a code between them, maybe they will raise the price when the Qtr. comes out tomorrow. Would like to see that, but I expect bad news.
WOW!! 5 shares took it down 10%. Seems like an honest trade.
Same results!!!
Read the 1st Qtr 2014 for the flops. I can't do it all for you!!
That can be found in the 1st Qtr. 2014 report. After that no other reports mention the SEC. Also they had dealing with 4 or 5 other Co.'s that were all flops. Very interesting report to read along with St.louis doubling his conversion shares from 400 million to 800 million shares, again at no cost to him.
I don't know what details Sorkin made with the SEC, but he gave up being CEO & gave all his shares to St.louis & things are still pending. I sure he isn't going to talk about it.
On or about
September 19, 2011 Mr. Sorkin received a Subpoena Duces
Tecum from the Securities Department of the Illinois Secretary of State
requesting information related to ACGX and STLK.
Mr. Sorkin
provided the department with all the requested information
in 201
1
and
then
also gave
a
n oral
statement
on October 4, 2012
to the Department
on those matters.
As of
May 1
, 2014
there
have been no additional
requests
or
communications so t
he inquiry remains pending.
When the SEC got on Sorkin he ran like a scared rabbit. To avoid jail he resigned as CEO & gave all his preferred shares to his buddy St.Louis. This guy was so greedy that he doubled all his pref. shares which gave him control of the Co. & if more shares are issued he will do it again. It's good to be KING!!!
Down 30% on a $7.00 trade? Give me a break!!!
To have an acquisition you must have a stated medium of exchange, otherwise you have a GIFT. I don't expect much from the 2nd Qtr. as shares must be increased into the billions & costs are going thru the roof. They may make a million per month, but most of that is written off as expenses. I hope I'm wrong, but it still looks stagnate to me till they report honest increasing results in positive net income. REGARDS
The market wants information in dollars & cents, profit & lose. Anything else is just fluff that won't move the price up.
Is that right, a close of .01, (one cent)???
They shouldn't stop the benefits for those now getting them. Why can't they be decent & change it for new or about to be retirees? I'm sure management has a nice program for themselves!!!
Have to agree with you!! I will lose my R/X on the 1st of the year to these money hungry people for their bonuses!! Hope they all ROT!!!
I never said anything about R/S. Preferred conversion is the name of the game. Read the annual report about Pref "G" stock!!
I'm aware of that in a R/S situation. If St.louis's position (800 million shares) falls below 50% he must create a BOD or increase his share position to have 51% of Co. stock. The next Qtr will tell what he plans.
I said he could, as you always say, "With a stroke of a pen". On 1/7/14 he increased his Pref. from 100:1 to 200:1 so he can change it to whatever. Nice bonus for him!!
St. Louis could sell on a buyout @ .0001 and still make a bundle for himself. He just increases his pref. from 200:1 to 2000:1. He controls everything!!!
Up 900% on 38 shares traded,give me a break!
Join the crowd as your money is gone & doesn't look like it's coming back!
They do have a successful profitable company, but for themselves only. They could care squat about shareholders as long as no one can control them. That's why they have no BOD & can raise their shares with a stroke of a pen. If not this year, next year they will R/S the common only & tell you it is in the best interest of the Co.. Many will cheer!!
I guess it's time to give out more bonuses & raises to be charged off as more debt, plus all the perks. It's good to be KING!!!
Maybe metal detecting on the beach would be more profitable.
I wonder what the SEC thinks of this Dictatorship where the CEO can & has given himself unlimited shares at no cost to himself. I just don't see it as being legal.
Read the first Qtr, Rev. & Net went down!!
It's hard to believe your statement about bonuses for the BOD, because there is no Board or Directors. Read the reports.
They don't want the SEC coming down like when they were called Invicta Group. Paul Sorkin had to step down as CEO & gave all his preferred shares to St.Louis who is majority stockholder of ACGX now, with a private piggy bank!
Hank-Don't forget the Pref. "H" earns a 4% div. prior to conversion at the 70% rate. I also wonder if the sale of pref. is classified into income for the qtr. reports.
It's good to be KING & have to answer to no one!
Do the MATH!! 2,000,000 shares authorized, remaining balance is 315,000, so how many have been issued??
On or around April 7, 2014 the company approved the authorization of a new series of Preferred Stock –
Series H - along with taking the proper corporate board actions. On or about
April 24, 2014 the Secretary
of State of Nevada approved the certificate of designation for these Preferred Series H shares and the
Company uploaded this filing to the OTC Markets website.
The filing authorized up to 2,000,000 Preferred Series H shares to be possibly issued in the future.
This is not a public offering and if any shares are issued it will be to accredited investors with existing
relationships with the company. This may allow the company to raise future capital via equity shares
rather than through debt. It may also allow the company to potentially utilize these shares to help close
potential future mergers or acquisition opportunities if needed.
If the company sells any of these shares the investors/shareholder(s) will pay $1 per share and will receive
4% cumulative preferred shares which will include a cumulative dividend in the form of additional shares.
If the investor/shareholder decides to convert their shares into common shares after holding them for a
minimum of 1 year to cover the restricted time period the preferred shares may be converted into common
shares at a ratio equal to 70% of the average of (or a 30% discount from) the 3 lowest closing prices
during the prior 10 days.
The company will also maintain the right to buyback these shares or allow a lager future investor to
potentially buyout these preferred shares at a price equal to 120% of the original paid amount.
As of March 31, 2015 the company has 315,000 Preferred Series H Shares.
This filing is consistent with
the company’s desire to reduce its debt and build its equity to be better position for the future
315,000 not sold out of 2,000,000 shares to be issued. I'll find it for you.
From 4-7-14 thru 3-31-15 the Co. sold 1,685,000 @ $1.00 per share series H with a balance of 315,000 remaining, as per the annual report.
Yes it will explode after the $1,685,000.00 of pref.H converts plus the 4% div. they get. By the whey, what happen to all this money they got from these shares?
I got the card also. Started with 100,000 shares last year & now have 1,000 with no hope to break even!
Hank- Did you notice on page #42 that St.louis now has 58% of the voting stock, which is up from 53%. Also I can't find any cost or profit/lose for PeopleVine. What am I missing?
Your more than welcome! REGARDS
If it does't then we are all stuck here at these levels or much lower. If they had good news the qtr. would be out by now!
When they pump it up again to let me break even!
Plus the 4% stock div. on the Pref."H" before that 30% discount. It's good to be KING!!!