AACS Thank you subtlerise. This company appears to have solid fundamentals and very undervalued. With reading the CEO letter to shareholders appears he has something brewing and talking about the buy back of what few shares this company has makes me wonder?
You take a company like this that is solid and very undervalued with a beaten down pps and obviously loyal longs.
Now you look at market cap! Next you announce private funding and plenty of it! What makes the most sense because your company pps is not where it should be! You Go PRIVATE and announce plans of share buyback, hint hint!
Read this from President letter!!!!!
Let me explain. When a company is built on solid principles and a good business plan resulting in increases in revenue and profitability, protection of existing assets and addition of others, reduction of liabilities and creating an infrastructure that will accommodate opportunity and growth, that company would logically be viewed as a success by average business men using typical criteria for evaluation. However, if none of the above is known to an individual and they see a share price of $.02, the natural assumption and perception is that the company has minimal value.
This description is much like ACS. I know that many smirk when they hear that the share price is in the $.02 range and automatically assume the company to have little value. However, as soon as they hear about the asset base, the revenue, the continuously improving balance sheet and the business plan they get excited and realize that this is an unusual Bulletin Board company. Then they see that this company has not had its ‘breakout’ moment…that moment when a wide audience becomes aware of the significant under performance of the stock and decide to invest in the quality of the company and its management. When that happens, a break through of the seemingly impenetrable price per share barrier occurs and the longsuffering ‘longs’ are rewarded for their confidence and vision. I believe that that breakout moment is near for American Commerce Solutions, Inc.
We have an outstanding core group of long stockholders. The vast majority of you are in the stock at prices between 2 cents and 3 and one half cents. Most of you have been responsible for others becoming stockholders in AACS and I appreciate your confidence and loyalty. Many of you continue to add to your holdings in AACS on a regular basis and I am grateful. As you can imagine, I receive communication from many of you on a regular basis. At times you are irate and frustrated and at other times you express confidence and encouragement. I am happy to receive this feedback because it indicates that you have taken ownership and personal interest in your investment.
Our pursuit of nontoxic, suitable funding continues. Currently, we have two substantial sources with proposals on the table. One is a multimillion dollar equity line which can work with a substantial benefit as our stock price improves. The other is specific to the Chariot operation and is far more comprehensive in addressing the issues of expanding production capability and aggressively marketing its products. Attorneys are evaluating and advising in these current negotiations. Under one scenario, the funding would create a partnership and be paid in capital. Our eagerness to achieve funding will not cause rash decisions.
2005 will be an exciting year of dramatic growth and opportunity. Not all that is being explored can be discussed today. The anticipation that AACS will experience its ‘break out’ at any moment drives us to repeat our confident encouragement to our shareholders, “Hold on and trust your instincts. Sound management, a good business plan, solid balance sheet awareness, phenomenal growth potential and continuing outstanding opportunities will win the day. You have fought the fight, don’t miss the payoff.”
Sincerely,
/s/Daniel L. Hefner
Chief Executive Officer
All my opinion but this company reminds me of e machines! I was buying e machines at around .16! E machines at that time was debt free and profitable with new deals and strong. So what did they do? They went private! Shareholders walked off with $1.07!!!!
Very smart move!
All my opinion but read up about AACS! Trading at just over .02 hahaha, what a joke!!!! If it were me and had other financing like announced and especially since SHORTY seems so envolved in keeping good companies down, I would go private in a flash!!!!! Avoid the headache! While rewarding shareholders!
Mach Cobra
AI
