Alliance Creative Group Inc (ACGX)

[jsmoov]

People lie to the government all the time when filing taxes, etc. The SEC doesn't audit financials. Agcx has found a way of ripping off shareholders. Please explain why would they give away millions of dollars shares for so relatively little debt? They could have diluted those same shares for cash to pay debt holders and have money to bank. That within itself was shady or showed gross financial incompetence. Which one was It?

Profitable companies with audited financials are able to obtain bank loans from reputable banks like Wells Fargo or Bank of America. This adds investors confidence.

Profitable companies with audited financials make for attractive mergers or buyouts. But no talks of buyouts here. Only blind cheering and hoping on news when the only news looming is the negative results of them settling a lawsuit in which they were being sued.

So if this was such a good play then the pps and volume would not be so low. However it is cause they have flooded the market with free shares that previous debt holders can convert to cash at will. Who knows how long it will take for this PPS to rebound. So no bashing here just real talk on how acgx have created bagholders.