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I expect some kind of news or PR on Monday.
No, he did not specify on timing, but his email is info@empireventuresgroup.com
He responded in less than 10 minutes to my inquiry. This is what I asked him:
"Hello,
As a stockholder in your company, I am curious when or if the websites that you stated in your last letter to shareholders are in fact going to be released? Everyday i check and its the same screen "coming soon" on mjbbb.org and 808hitz.com is just parked by GoDaddy. Are there any plans on opening these sites up? Or what is going on with the progress? Thank you for the time in reading this, I appreciate an answer as soon as you can.
Thanks again,
Kevin
I sent an email to Joe Sirianni last week to see what was going on with the websites and this was his response:
"Thanks for your email. Yes, these websites will be going live. Right now, we’re building them and making sure that everything is working seamlessly for the official release.
Best,
Joe Sirianni
Imagination TV, Inc."
So, guess we will just have to wait and see what happens from here.
This may (probably) be a dumb question, but can't ACOL buy back a lot of the A/S as treasury stock? Wouldn't that lower the outstanding billions, bring up the PPS, and make us stock holders happy? I am not sure how it works with penny stocks, but i know that larger companies do this a lot. Maybe because they are a small company, but if there were less shares outstanding, it might attract more investors. Just a though...
Any explanations would be appreciated.
$ACOL is going to be a great play! Maybe not for the very shorts, but with a great quarterly report out on Friday, and a letter to shareholders followed on Monday, this is a prime time to BUY!! IMHO.
P.S. Acquisition talks of taking over EZ Health Solutions!
I've held since .008
Yep, it's a long play. Longer than I had originally imagined. And you are right, they cant just pull a rabbit out of their hats and make the PPS jump. They are a company that is continue to grow and diversify. Long holders will be the true winners on this one. IMO.
So... No websites I see...
Yeah, over the weekend I looked at old financials from them and others to compare, and you are right. I am no longer worried about their going concern. This company just keeps getting larger every quarter and expanding in new markets all while trying to be a key player in all en-devours they attempt. After more carefully analysis of the quarterly report, I am seriously stoked!
But my bet is that there is going to be PR coming out on monday. Hopefully will help
This part scares me the most:
QuoteNote 3 – Going Concern
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. At March 31, 2017, the Company had a stockholders’ deficiency of $1,583,557 and a working capital deficit of $1,663,109. In addition, the Company has generated operating losses since inception and has notes payable that are currently in default. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the successful execution of its operating plan which includes increasing sales of existing products while introducing additional products and services, controlling operation expenses, negotiating extensions of existing loans and raising either debt or equity financing. There is no assurance that we will be able to increase sales or to obtain or extend financing on terms acceptable to us or at all or successfully execute any of the other measures set forth in the previous sentence .
I agree, I probably wouldn't buy right now either if I were a new investor. All I am saying is that this stock isn't a quick flip in my opinion. All I did was put my money where I thought I could make it work for me, short or long. And it obviously not the short, so I am hoping for the long. I believe it will pay off, but it may not either. The market is the market. I am not stating that this will go up, rather I am hoping, or educated gambling that it will in the future. But I don't own a lot of shares, so if it doesn't, I'm not breaking the bank account. But if it does, like I believe it will, I am looking to make a decent return.
I believe too many people here (and elsewhere)are trading with their emotions rather than fundamental strategies, like chart analysis, DD on company history/future. There are plenty of OTC stocks that are straight up scams, However, $ACOL is not a scam. They are a legit company, and what seems like, doing their best to build it up! I agree that most penny stocks are not good investments for the long holders, but ACOL, in my opinion is an exception to the rule. I dont post often, because what is there really to say? Every two weeks, they put out a PR, usually on a Monday morning, and this is what i believe is keeping this one from dropping below a penny. I have had shares in this company for 2+ years, and i am not selling. I was really hoping this thing would skyrocket after the 10k came out, but it didn't. But not worried, it will one day. maybe not skyrocket, but at least be in the silver and possibly dollar range one day. Long post, I know. But just wanted to put my 2 cents in. Either way, I'm in for the long run.
Worst Stock in the OTC!!!
Billybob, you are a ray of sunshine on an otherwise cloudy day! This is going to go back up eventually and for the longs, there will definitely be celebrations to come!
Okay, sounds good. I don't have a lot to loose on this one, so I want to wait it out either way. Considering buying more, but just looking for something that justifies it, besides the letter to shareholders. Good luck! and we will see how all of this plays out.
I'll hang in there GreekGal in hopes that you are right.
Well, on a now boring trading day with $ACOL, now that the NT-10K was filed, at least we have Shaark to entertain us.