ACGX.. $0.0015.. This is an e-mail worth reading from almost 30 Months ago.. At that time ACGX had but 8.5 Million shares outstanding with a healthy balance sheet.. In fact they had the ability to pay off all debt and still have a great balance sheet..
ACGX at that time released that they would earn $0.12 per share but why was still selling at less than $0.02 per share.. Now we know,, dilution has and continues to destroy the value per share each and ever shareholder has.. Nothing has changed,, even the amount of debt owed except now there are 750,000,000 shares outstanding and another 800,000,000 that may be possible thru the conversion of the presidents position in ACGX..
Since only the preferred shares vote and none others have any voice making it in actuality if all but one share of the preferred is converted that one share and the person that owns it is still in control.. below is a copy of that E-Mail which has appeared many times on this board..
Since then they sold STLK an almost empty shell and for some reason the sale made ACGX lia. for $250,000.00 in additional debt.. A little DD will show where and who had majority control of the shell at the time of the sale.. hank
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Hello
During the last 5 years everyone has had a different experience with our company depending on when they bought or sold and what their trading style is or was. We have to remember the stock has only been reversed 1 time in the last 5 years and we survived the recession and a very difficult time for the market and for small businesses - 2008 to 2011 was especially a challenging time for all of us.
People seem to forget I took over as CEO in June of 2008 when the company was doing horrible. They had very low revenues, big losses and a lot of debt. I cut just about everything and everyone, closed offices and starting building a foundation to build off of. I built it up from around $100,000 in revenue and a loss to about $10,000,000 in revenue with solid profits of about $800,000 in net income in only a few years and Now is our CEO as of Dec 21, 2011 and I am the General Counsel.
Now in order to build the company I had to make a lot of very hard decisions and be very aggressive. I entered into some joint ventures that started off strong and eventually had to be dissolved because of a change in their management. We also had some friends and family invest using the 1 year hold convertible note method to avoid any direct funding from issuing shares and cause big dilution quickly by using the 504 or Reg A to sell shares directly for cash causing an instant dilution. Although it helped to delay dilution for over a year eventually some of the investors wanted to get some of their money back. Unfortunately the stock was trading so low that when they started to convert their notes, the dilution went up, and the price went down and the MM’s crushed us and shorted us and naked shorted us into we were cellar boxed in at .0001. This hurt me, the company, the investors and the shareholders - no one wanted this to happen and we tried to fight it the entire time but eventually had no other options.
After being stuck at .0001 for a long time with no real options left we reluctantly did a reverse split to help get us to a better trading area away from the naked short sellers. This was done in November of 2010 (About 18 months ago). So we have done 1 reverse total in the last 5 years. since then DTC has been difficult and will not allow electronic deposits so some brokers will not let people buy and sell via certificate form so it has probably scared away some traders. However, we haven’t issued a single share in about 8 months and now have a very stable and profitable company with a very low float.
I hope people will look beyond the stereotypes of what they think happened and look at the facts and the documented transactions and realize the company and myself personally lost as much or more money than anyone by being public vs. private and we have still tried to do everything we could and can to put us in a better situation despite the naked shorters, the DTC and the paid bashers.
I think we have done a great job controlling the dilution, increasing the revenues and profits and by sharing more information with the public to help people make better informed decisions. The reverse was 18 months ago and the company currently has only 8.4 mil shares in the float with over $9 mil in revenue and almost $800k in net income. There is zero reason for anyone to even think about a reverse since it is not something a company wants to do and wouldn't make any sense to do at this point. We all have the same common goal and the better the company does and the stock does the better the chance we can all make more money in the future.
The crazy thing is if everyone who lost money and is bashing me or the company ALL got together and bought a ton of stock tomorrow to average down their investment the stock would probably go to 10 or 20 cents and they could probably make a lot of their money back. I am not in any way saying that will happen or recommending anyone do that but I'm just saying when people and companies go through difficult times we are all stronger when working together to accomplish the same common goal of helping people make some of their money back.
Everyone needs to do their own research, their own DD, form their own opinions and make their own decisions but I hope things continue in the right direction.
Also keep in mind I have offered to listen to every basher by asking them to email me directly and go over any suggestions or ideas to make things better and only 1 or 2 bashers have ever emailed me directly in the past few years so that tells me they are not real bashers with real concerns that are looking for real solutions but rather just paid bashers trying to help the shorters and whoever is paying them.
