Thursday, May 14, 2015 12:05:50 PM
Company's always would rather use any line to pay back monies owed rather than issue toxic financing deals that allow the debt to convert and pound the stock to a worthless value because ever share they sell gives them the opp. to replace it a discount which in the case of ACGX is 30%.. The lower it goes the more shares they get and the cycle continues.
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Sadly when they were earning $0.12 per share jus a little over 2 years ago and had but 8.5 million shares outstanding they could of paid off all their debt with cash avil. and existing bank lines at favorable interest rates.. Why didn't they..??
Their answer is that they wanted to conserve cash for business purposes,, but were ok diluting existing shareholders to a value of 0.0001% of their origional vested interest in the company...
Recent ACGX News
- Alliance Creative Group (ACGX) Releases Q1 2024 Financial and Disclosure Report with an 88% increase in Net Income from Q1 2023 to Q1 2024 • InvestorsHub NewsWire • 05/15/2024 12:30:00 PM
- Alliance Creative Group (ACGX) Releases 2023 Annual Financial and Disclosure Report - PeopleVine's revenue increased by 100% in 2023 • InvestorsHub NewsWire • 04/01/2024 12:00:00 PM
- Alliance Creative Group (ACGX) Reports Third Quarter of 2023 Financials • InvestorsHub NewsWire • 11/15/2023 01:00:00 PM
- Alliance Creative Group (ACGX) Reports Second Quarter of 2023 Financials • InvestorsHub NewsWire • 08/14/2023 08:30:00 PM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM