![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, September 27, 2016 2:09:52 PM
The 10-Q is not much to shout about, you have to agree, and, naturally enough, ACTL's supporters aren't paying too much attention to it. They are focusing instead on the share structure and it must be said that, as far as the figures in the SEC filings are concerned, ACTL does look better than the majority of its OTC counterparts in that respect. On September 10, for example, there were just 10.2 million shares issued and outstanding which, considering the share price, isn't that much.
There was also quite a lot of toxic debt, though. Plenty of convertible notes saw the light of day between October 2014 and June 2015 and the company still seems to be borrowing money under these agreements. As always, the notes in question can be turned into common stock at discounts that, in this particular case, range from 35% to 42%. This seems to be causing a problem.
The fact that in a matter of three days investors traded more than 20 million shares suggest that the O/S count might have grown over the last few weeks. The number of authorized shares was increased recently from 75 million to 750 million which might also serve as a hint at potential dilution in the near future.
Recent ACTL News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 10/05/2023 03:34:08 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM