Today Paul reply:
My original message:
Hello Paul, i congratulate you for recent good earnings .
First quarter data show an improving company, with strong numbers ( i like especially 296k net income niumber , that gives about 1,2-1,4/year)...i like also the fact you focused on growing business( like you said me in previous email... " looking to move to a bigger location, buy more equipment, aquire companies")...impressive picture...
The best part of the story is 8,5M unch O/S , so i increased ACGX exposure and i bought more shares ( about 4% stake)...LONG!
Thanks again ,i appreciate your effort.
PS: what about current PPS?, any expectation to increase it to reasonable levels ?...we are trading about 10 time less then book value!
Fernando
Paul: friday 1 june 2012 7:53
Thank you for your kind words and support. When it comes to the PPS we are all as shocked as you are that keeping the float around 8.5 million and not issuing a single share for over 8 months, putting together 10 solid profitable quarters in a row, improving our balance sheet every quarter and building a solid company with EPS between 10 and 15 cents would only trade around 2 cents and no big volume.
It makes no sense!!!!!
No matter what people say about the current debt to asset ratio, the reverse split 18 months, the DTC issue or anything that happened in the past it still doesn’t add up to us.
We are hopefully that the market will find this hidden gem and at least trade at a more reasonable level but your guess is as good as ours as to how the market will respond in the future.
We are all hoping for the best and will inform the public of any new information we find out that may help.
