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Thursday, August 29, 2013 8:13:12 PM
ACYD Share Structure
Market Value: $471,261 a/o Aug 28, 2013
Shares Outstanding: 2,533,333,333 a/o Aug 29, 2013
Float: 428,188,380 a/o Aug 21, 2013
Authorized Shares: 3,500,000,000 a/o Aug 06, 2013
Source: OTCMarkets.
Discussion
The fact that ACYD Mgmt accepted to get out, to me, it only means they got a good deal on their (I assume) large number of shares. Hence, one can expect the remaining number of shares (the float) should also be well priced.
American Community Development Group, Inc. (OTC Pink: ACYD) (or the "Company") is pleased to announce today that it has been acquired by Wialan Technologies LLC, ("Wialan") and that the officers and directors of Wialan have assumed control over the company as of today's date. A conference call with the new management team will be held for ACYD/Wialan shareholders with a tentative date of September 12, 2013, more details on the conference call to follow on the website (www.wialan.com).
Speculation: From the large volume today, one can easily assume that Wialan was the heavy loader of ACYD cheap shares, so as to reduce the number of remaining shares (the float) not yet in their possession, and to reduce the cost of acquiring them. In this scenario, expect an 8-K, prior to the expected CC on Sept. 12. Tomorrow move (which I expect to bring the p/s toward 0.003) will test the soundness of this speculation. If the price continues to go up, especially under heavy volume, it only means that Wialan is willing to pay increasingly higher prices for the remaining shares.
My strategy: Keep my shares I recently acquired, at least through the CC, and if at all possible acquire more, hopefully below 0.002; the reward for doing it, IMO, is going to be quite healthy.
Mike
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