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From PR:
"The Company does not have any plans to reverse split the common stock. The capital needed to complete the world's smallest BCI device enabled the Company to finish the product. It is now the goal of the Company to reach profitability through the sales of the BCI device and reduce/eliminate the need for additional financing going forward."
Translation:
We will be diluting the piggy bank, sorry retail stockholders but that's life in the OTC fast lane.
GLTA
Nah. Only my analogy of the Praxyn story at the time. No illusions that this story has suddenly undergone a dramatic change in one short quarter, but slowly and surely management will be turning this moving ship. Watch out for the normal penny pitfalls, conversions, dilutions, toxic (to retail stockholders)financing schemes, etc. GLTA
Thanks OMID. Glad its a defined number of shares and not a dollar amount. Four to eight million shares a quarter shouldn't hurt that bad, but we need to be cognizant of what they will probably do to cash in to maintain a California lifestyle. Overall its difficult to find any fatal flaws with PXYN except for the growing number of shares we will most likely see through conversions of old debt and stock awards, etc., typical of penny stocks. I was in at .035 so I expect a good return on my paltry investment, but I have no illusions of seeing a dollar a share for quite some time. GLTA
Question, since Dan & Elisa are off the board. Do they have 60 million shares each, or between them? Thx.
What I don't get is if this is tanking and everyone knows it, who is buying up these converted shares.
I think we can all be assured that Broadridge will not be useful to us retail or (street) investors. Likely they will be instrumental for employees to be awarded or purchase stock.
I am bullish on PXYN and am long. Just saying.
This stock needs Statler boys and girls. Quality Stocks is only being used in an attempt to increase liquidity by suckering more investors into this black widow web. It is apparent to me that management says one thing but does another. My money here is crying for me to take my loss and run, but I want to wait for 3rd Q. Sucker for punishment I guess.
Been watching a while. Looks like we are floating around a bottom and good news on factoring. Can't resist, I'm back in at .0351. GLTA
HHSE, lots of PRs put out by this very optimistic CEO constantly. If his PRs would only come true (not a good track record) this would be quite a valuable stock. We shall see over time I guess. I do hold a small bit of shares just in case his ship would come in.
You betcha.
Company wouldn't be paying these promoters.
Quality Stocks (which doesn't impress me by the way, I think they are just taking ACGX's money) wouldn't be wasting their money on this.
That leaves the converters trying to make a market to sell into (they can only own a certain % of the stock).
Ha ha, didn't work. Retail traders are catching on to the schemes and not falling for them.
ACGX simply needs to step up to the plate and pay off the converters in cash, but that's not happening because management is obviously going along to get along, so we are left to grin and bear it as the stock is diluted and the A/R gets increased.
Penny land.
ThePUMPTracker says:
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Congrats holders, I see PAWS is being pumped tomorrow. GLTA
Heres my next prediction:
After a couple months the new employees will become unhappy about not being compensated for their overtime and will start jumping ship. JMHO
Glad I only have a few shares of this monster, but I will be sooooooo thrilled when it becomes a ten bagger. lol
Lots of unaudited Chinese companies make asset and revenue claims.
Seems if a company is unable or unwilling to produce audited fins, all the while promising them, it should breed doubts about other claims and the multitude of PRs it puts forth. Just be honest and say you have no intention of producing audited numbers for whatever reason you so choose (cost, complexity, laziness, whatever) and uplisting is not being considered at this time. HHSE continues to just tease and lead investors on; and all the "metrics" are blown out of the water if the assets are being grossly overstated or revenues are some not-so-accurate numbers that are in the eyes of the beholders. I am carrying a few shares in HHSE but have concerns about the forthrightness of management.
I don't doubt the business they are in is a cutthroat one, but cut some of the bs HHSE.
Does anybody really think VODWIZ will be up and running as announced? My bet is there will be an "unforeseen" issue come up and weeks will go by and nothing. Hope I'm wrong.
When I tried to buy down in the 20's the volume was really low and I ended up chasing to get in. Maybe with a PR announcing increase in AS we have better shot at snagging shares down there.
If this gets down to that .0012 some are talking about I'll deliver some cash to my broker.
If this gets to .50 I will probably pee my pants a little from the excitement.
GLTA
Could be:
Insider buy.
Pumper pre-loading.
Big buy from someone who got an investors packet.
Not:
Converter buying.
Me.
GLTA
Saw that.
So these converters are "friends & family"?
"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."
There's the Fundamental Analysis:
ACGX grade > A
There's the Statistical Analysis:
ACGX grade > C
There's the Predator Creditor Analysis:
ACGX grade > F-
JMHO of course. GLTA
I am not on the sidelines my friend. I have to ride this down to ride it back up. Then I might be on the sidelines.
This is what I can find relative to dilution from conversion:
http://smallcapir.com/wp-content/uploads/2014/04/ACGX-CFA-Report.pdf
I welcome comments or updates.
Couldn't this statement infer that share price manipulation is indeed being done by converters?
"The investors have been working with the company to try to find the best balance between maintaining solid company fundamentals, growth plans and cash flows while trying not to dilute the stock too quickly to cause a significant decline in price."
ACGX is a solid real company with employees and assets and has a multi million dollar credit line at a large bank. Management could pay the conversions in cash [and increase their debt] IMHO.
Or, they could just keep issuing millions more shares and sooner than later increase the available shares to well over a billion. The direction they go will explain what they think of the stock holders IMHO.
So far they have not impressed me. We have heard nothing helpful from them except the official filings and I don't expect we will [sort of like taking the fifth]. Seems the PR firm will run interference for them to find additional interest in their stock from uninformed retailers IMHO.
Sucks, but it's my own fault for not digging deep enough into the predator creditor relationship.
Please do your own DD. Do not take my advice as it is only my opinion as a retail investor.
GLTA
IMHO the engagement of a PR firm is generally just to increase liquidity so the converters can just keep on doing what they are doing. Management has to be in this up to their necks and have to be profiting from it typically. Any hogwash about enhancing stockholder equity is bogus unless you are a converter or lucky typically. Simply because they know when they are converting and when they are not, the converters know how low it will go and how high it will go. Legal theft from us retailers who are not in the know. Go ahead and turn me in I speak truth.
Oh, and my opinion should not be used for investment advice but viewed for recreational value only. Always do your own due diligence. There, there is my disclaimer you thieves.
I dug around, but can't find any indications as to how much Comcast is willing to pay for SEAS. Anyone?
Everybody who comes upon this stock says the same thing, including me. Guess I'll be patient for a time and maybe hold back on the whinning. lol
Since O/S has not gone up over the last 2 months perhaps a huge huge whale that shorted this stock during the promo a while back is clearing out his position at this level (.0036 to .0040) , with the help of a loyal MM.
Ringing the ol' cash register, huh star?
Seems like as good a spot as any. It has been edging up since then. GLTU. Just doesn't seem to me the fins were bad enough for the drop to hold. I have no skin in this game (no dry powder) but I would think SEAS would get a 3rd of today back, that would bring it back up to around $21.50 this week.
Surely it will bounce from the low, no?
You moderate a lot of boards I see.
Alright, which one of you bought 1 share at .0042? lol
Man, its still in free fall.
You know, they could do like some zoos and redesign the runs for the animals so they have a lot more area to roam around in.
How low do you predict for SEAS here. It already took a hit back during 2nd qtr for the California thing.
I'm curious. Do you say that from a traders view or something else?
Right mikar. You were kind using soft word like "dilution".
Q confirms excellent financial footing of ACGX. Share price easily should be $.0150.
I have to conclude that one has to look for "Predator Creditor" s when evaluating these penny stocks. Buyer beware.
Good Q comes out and the stock drops!
Obvious the converters want to own controlling interest so they will call the shots soon. Only way company can follow through with promise to "appreciate" share price is to pay them off with cash. Promos won't work and good financials won't work. Anyone here know what insider ownership is?
Absolutely no bad news in quarterly. Only excuse for lack of stock move up is converters in control. Converters driving share price down to obtain as many as possible to cash in down the road. Bass turds.
Question, does company have the option to pay them in cash?
Scottrade shows it. Somebody with inside track, huh?