I gotta be honest here. A key reason for ACGX struggling is that almost all it has going for it are the quarterly and annual reports. The reports sound great at face value but then you have to wait for months of historically inconsequential press releases, like the design of a new box, or announcements that mention partnerships that provide no numbers to explain if the partnership helps them monetarily or if they meant that they are just friends with the other company. This sort of lack of detail leads to traders wondering how many shares were given to an investor by ACGX when the official statement was "some"?. Remember that one? I hope it was covered in the report.
The lack of a run today, is very bad. This was the moment that people waited three months for, knowing full well that if it didn't run big, there would likely be a steep sell-off.
The only way this recovers in the near term is if there is a major announcement within the next 3 months before the next quarterly report. So just at face value this is really bad but then you have to add the fact that there is another $173,000 in debt and only $142,000 in the bank. A.K.A. most likely, on top of all these factors that will already drag the price down, the company will likely be further diluting to the tune of hundreds of millions of shares to pay off that debt.
So while reeling from there being no run on the Q report, there only being less in the bank than there are debts, and the fact that there will almost certainly have to be some serious dilution to pay debts down further, this will likely be dipping well into the .000's before the next report that is three months away.
Did they explain how much ACGX owns of PeopleVine in this quarterly? I haven't even had time to read it yet.
