ACGX.. $0.0019..
I can't subscribe to the notion because stocks sell in the pennies or sub pennies that they should be valued different as investments.. True the type of those that trade there are different,, but they are no different than some that trade the IBM's of the world.. They still want make money.. Stocks that dilute take away any edge they may have above similar investments.. Just because a stock dilutes itself W/O any benefit to current shareholders at a lower rate of dilution it makes no sense to say there are other stocks that dilute more and sell at a higher level making it a better investment..
Basing an investment upon the dilution rate is nuts and those that have bought ACGX because there are companies out there W/O earnings or even sales that dilute more is a good way to ruin your stock portfolio value..
ACGX is a nice little company,, about the size of a large Halmark store at a busy mall.. It's a company that prints just like your local UPS store,, which also has a large list of clients of name in any large city.. But ACGX has a problem,, it dilutes it's shareholders interest.. Some for debt but also some for greed.. Recently it's president increased his conversion on his shares by 400 Million shares W/O any benefit to any current shareholder.. They have created new Conv. debt that is bought by only those close to the company..
ACGX has increased it's outstanding shares by 93 times from 8.5 Million to over 700 Million and on top of that are 400 Million shares given to the president on conversion..
Dilution is the worst thing that may happen to a current shareholder,, PERIOD.. Especially when the company could buy all it's debt back by cash flow and banking relationships which they tout as a positive of their company.. Saying they are saving cash for future opp. and disregarding the fact that just 2 years ago,, ACGX had 8.5 Million shares outstanding and earned $0.12 per share proves their plan is flawed.. Flawed for shareholders but not flawed for insiders as they can always issue themselves more shares thru conversion or by the stroke of the pen..
hank
