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Why? Because some lying scum CEO says so? Did he put that in an 8k? Is it worth more than a sheet of toilet paper?
Converting all debt then committing to a R/S is starting to look very much like what this a-hole is doing.
Selling the company will look a lot more attractive to a buyer with 0 debt and a cleaned up SS.
Nice f-ing guy this CEO, use OPM to clean his debt then tell everyone to stuff it...how is that not illegal when he has used filings and PR to excite buyers and garner interest?
If that is their ultimate intention all buyers will stop and the stock will remain a stigmatized 000 pos.
Then they can try all the games in the world and they will never break 002 again.
If they want to F the shareholders them long term it is they who will be F'd as every basher will be quick to remind any new blood of all the evil games and shorters will control the stock.
The CEO can beg to sell shares at that point and no one will give a rat's wrinkle.
Sea k was dragged way way down after its initial run up. Stayed there for a while then popped over .007
Cha Ching! And their O/S is huuuuuge compared to $ACGX
$ACGX
And that's why you are, 'master of disaster'.
What confidence and credibility your handle exudes.
$ACGX
Care to share your suggestion through pm? I will paraphrase and send as well.
So you suggest, 'hope' and 'wishing', as opposed to shareholders making their discontent known?
While it MAY be true that the phone calls may yield nothing it is DEFINITELY true that doing nothing will indeed yield NOTHING.
If shareholders call in en masse And are all calling for the conversions to have some gd regulating I have a suspicion that may have some effect.
But go ahead and chastise someone for suggesting a plan of action beyond 'hope'.
I hope you trading is stronger than your sense of conviction.
$ACGX
Ah revenge. The oldest of the black arts. Good thing your wealth allows you the requisite time to post on chat boards all day and night.
Buh bye!
Not true. As long as there is volume they can say anything. Truth is in the eye of the bagholder right? Or is it?
What would Confucius say? Would he like so many seek to only confuse us?
$ACGX
Of course. And isn't that in the bash er handbook?
Conjecture? Why yes. Please!
Oh who to believe? It's all do confusing. Fear? Uncertainty? Doubt? Oh my!
Lol! So much to give, so little time. Yet all the while Easter Seals, Salvation Army, UNICEF, PETA and others are begging for a donation of such an amazing gift of time.
So what is yours?
Are you a paid shill or do you just like to sprinkle feces? No one does anything without reason.
If you are spreading good will this holiday season you could always try devoting time to the Salvation Army. They could use a good Santa or two.
Yes. Go ahead and sell everything. There are huge hands waiting to scoop up shares from the ignorant.
Hansel and Gretel never had it this good!
$ACGX
Some are just too lazy to do any dd. They got a tip, an email, etc., and because it didn't go up 1000% overnight they sell for a loss. That breeds flipping.
Buy and hold, buy and hold. When the flipper sees that there is no game for him they will leave.
When the person converting her debt is done she will leave.
The numbers here speak louder than the daily PPS.
I have sell orders set and for now I will forget.
Can't wait to hear from all you flippers that want to manage my money....lol!
$ACGX
Bid sitting at .0023 won't move the price up.
The seller should get a nasty case of vaginosis.
No big volume but sells under the bid, oh boy!
Truly amazing to see a stock with .03/ share earnings trading at under .004 because the sheep are nervous.
Good grief.
Some clown is again being stupid with his ask.
I think I'll go back to watching paint dry, it's much more exciting.
I think we know who that is. Could it be our resident weather man who has predicted rain and clouds every day for the last week?
Wasn't today the date for ex-clearing?
I suppose we will see more wash trading until buying resumes in volume.
Lots of eyes here but evidently they can't find the enter order key.
Scared money doesn't make money.
You know what sound a chicken makes?
Cheap, cheap, cheap!!
Who is buying ACGX?
Cheers!!
Ching......!
Nah. That's what any shorty would say. The preponderance of support shows that the people are happy with where this is headed, despite the hub bub bub!!
$ACGX.
It does not surprise me to see who didn't get caught up in the Shake Down. Perhaps the trembling band of the hand gang should take notice.
Good to see do many familiar folks here.
$ACGX time to rock and roll baby!!
So what's the deal today?
Most definitely. BCAP makes $ and soon those who have worked "tirelessly" to keep it down are going to pay big time!
Great post! No one cares to hear the noise. BCAP makes money, one way and another!
Just like a cruise ship casino, no rules and no one to complain to that's not already a part of the deceit.
And that being your attempt to manipulate the SP downward? More to convert due to lower pps provides shares to cover with that are otherwise hard to get, righy?
As long as no back room bs is going down where we can't be a part of it.
And how do we know that? I don't trust any OTC MM. This stinks of foul play or at least the potential for it.
Gtg in the house late night! Lots more attention coming in here.
$ACGX
Good stuff. Great fishing there. ACGX going to keep you a happy angler!
It's a resort/ community in San Jose Del Cabo, Mexico. I inferred from your avatar/handle that cabobull was a reference to Cabo San Lucas, no?
Now that's a nice target!!
I'll be taking my Friday $ from cheapies this week to Palmilla. That's where I will look to spend my core position earnings on a Mexican Hacienda when this thing reaches true value!
Absolutely. Scoop what you can with big hands.
Flippers get weeded out this way as those shares end up in strong hands.
Flippers see every stock as a swing only and lack the requisite skill to recognize true value. What I find interesting is that there is no law that says you can't trade around a core position. So why is it that so few flippers hold a core position for 5x to 10x ROI while still trading the short term volatility?
I like those who prefer to have their cake AND eat it too!
Builders don't seek council from developers to build. Developers are the money behind a project. Most times they provide the funds for the A and E and the entitlement process but they offer no tutelage to a builder for the actual construction.
You seem to not want to yield to the good explanations you are being provided and wish only to play devil's advocate.
The reality is that to the inexperienced it it far more expensive to build a home or a public company if you have no experience to do so. The "fees" you reference for getting advice or consultation from a knowledgeable consultant IS exactly the point here that you are missing. There is no static or statutory model. Each deal between merging entities depends on what each of the parties brings to the table. A profitable private company may wish to go public for many reasons and a public company with a clean share structure, low O/S, little or negligible debt, and no currently viable business is an attractive candidate for the private company to merge into.
Growth and expansion of operations is typically the reason a private company would do this. In a restrictive (bank) lending environment high rates or risk may make getting a conventional or non conventional loan unattractive. Raising capital for expansion by selling shares or in other words making a public offering spreads the risk for the current shareholders and creates an opportunity for the public to get a piece of a growing company at a discount from what the ops could become based on the expanded business operations being funded.
You and others seem consumed by the concept of dilution. It's not just about the number of shares sold by the company. This is how they raise capital. It's about what that capital will bring in future income. If profitable company abc has an o/s of 100 million shares and then sells 25 million shares at a par value of x to expand operations, and that company is already achieving a profit margin on sales of currently of "y" then if successful the company should achieve a PPS increase on those shares of x times 25% as there should be a net increase in income of 25% so long as their margin of "y" remains static. So if net income is $1m/year they expect to increase that to $1.25m/yr.
It's all about the metric between net income and the outstanding number of shares.
OTC has made you skeptical of what companies do with the money from share increases. That's understandable. But this is a reporting company and not a pink sheet. If you don't have the stomach for it there are other stocks that trade in a much less volatile environment on the big boards. Too much dancing around the pool, sticking your toe in and telling everyone how cold it is IMO. Getting in slowly doesn't make it any less cold and no one really wants to hear about it every 30 seconds.
Doesn't really matter "who" is responsible just that it is done. It is indicative of the sad state of America at large. The people are weak minded and defer everything to a proxy in lieu of using their own brain. That's why they are so easily manipulated and relieved of their cash. The battle of attrition wins the war and most people have the patience of a gnat to boot.