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Wednesday, April 09, 2014 10:12:33 AM
Sorry but I've really got to go,, have a great day and keep posting,, someone will read and believe with blinders on and thats all you need to get out before the rest realise that it's just a wash and rinse..
I never really had a large dollar position but what really frustrated me was that I had 22% of the float of 8.5 million.. and as I kept buying ACGX just kept going down but the shares count stayed the same,, until that day when they doubled the AS and the sharecount went up by a factor of 5..
Prior to my first purchase they had put out a press release expecting $0.12 t0 $0.15 EPS and there were only 8.5 million in the float (outstand except for the preferred which would never be sold or converted).. Sokin told me the most anyone could convert was 9.9% of the shares outstanding and that was a true statement,, but he forgot to mention that every share that was bought could be replace at a 20% discount to the market and as long as that converter didn't go above 9.9% it was legal..
So some bought and couldn't understand why a stock that had $0.12 in Min. EPS would not go up after buying the float.. That was 520 million shares ago and the same wash and rinse continues.. BYE BYE.. You as I have been had,, hank
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