Alliance Creative Group Inc (ACGX)

[LordTurkeyBaster]

Okay here's date, close, volume

 
 | 2014-04-03 |      0.0033 |   3308500 | 
 | 2014-04-04 |      0.0031 |  17461360 | 
 | 2014-04-07 |      0.0031 |   4610195 | 
 | 2014-04-08 |      0.0034 |   8889360 | 
 | 2014-04-09 |      0.0034 |   4650410 | 
 | 2014-04-10 |       0.005 | 131271592 | 
 | 2014-04-11 |       0.007 | 107741248 | 
 | 2014-04-14 |      0.0068 |  58709504 | 
 | 2014-04-15 |      0.0053 |  33562992 | 
 | 2014-04-16 |      0.0096 | 132259488 | 
 | 2014-04-17 |      0.0082 |  83407008 | 
 | 2014-04-21 |        0.01 |  81674760 | 
 | 2014-04-22 |      0.0097 |  44334736 | 
 | 2014-04-23 |       0.008 |  38066592 | 
 | 2014-04-24 |      0.0093 |  31366988 | 
 | 2014-04-25 |      0.0094 |  32861398 | 
 | 2014-04-28 |       0.009 |  24521760 | 
 | 2014-04-29 |      0.0077 |  12827491 | 
 | 2014-04-30 |      0.0076 |  30826510 | 
 | 2014-05-01 |      0.0069 |  20335708 | 
 | 2014-05-02 |      0.0059 |  13444008 | 
 | 2014-05-05 |      0.0058 |  31210688 | 
 | 2014-05-06 |       0.006 |  17139296 | 
 | 2014-05-07 |      0.0055 |  13747917 | 
 | 2014-05-08 |      0.0048 |  17231224 | 
 

I'm not going to bother doing the math for the conversion rate per day... because we don't know when they did they did the majority of the converting. .0065 is probably a bit too high. Make it .0055 -- that's an average of them converting around in the .007s.

So that's still $330,000 and I think that's a conservative number. So somewhere between $330k to $390k is a probably a safe bet.

Regardless, that's $850k more to go. I hope they let the shareprice recover a bit now. I was hoping they had some verbal agreement like "we'll stop converting if the share price falls below the 50dma"