![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, November 24, 2013 11:03:13 AM
1) The space for their main office is being rented at $6,500/month which is reasonable for the area where they are located. They also say they have other distribution sites across the country, but have not seen the clear costs for those sites. Most likely, they are some sort of partnership deals.
2) The company is not actually giving $1,000,000 to charity and definitely not giving $1M to Dwayne Wade's Foundation as stated in some of the sticky notes DD. Print4ACause is donating 10% of all sales through that website to the charity of the customer's choosing. ACGX hopes to generate $10M is sales by 2015, which would end up passing $1M to various charities.
This has been in place since late Summer, but no update was given on the 3rd Q Filing. The company has not given the details, but it can easily be assumed they are inflating prices for products ordered on that site to offset the donation costs from the sale. Would not be a bad idea to use "charitable donations" to help attract sales at a higher price, which is the best guess for print4acause. So, the development of this site IMHO was not done to promote the stock, rather it was to attract business. The company COO stated last week that he would like the shareholders to help advertise that site.
3) This year's change in profit margin is hard to nail down due to the unaudited financials. No clear reasoning for these changes, but net profits last year were 8X higher.
4) In the past under a different ticker, the company did participate in promotions. There have been no real promotions done by the company as of late. This could be due to the fact that they are not using shares for cash flow. That being said, they do have debt that is being actively converted and appear intent to allow the debt to fully convert into shares, rather than pay down the debt with any profits. The COO stated again this week that the company would prefer to use any profits to invest in the company's operation activities.
As a side note, it would be nice if they would start a new website called printforshareholders and donate 10% of all of those sales to paying down the convertible debt!
5) To my knowledge, no one has done any DD with the recorder of deeds, but once again, I live in Chicago and grew up near to where their office is located and they clearly are not over paying for office space. $6,500/month for 13K Sq Feet is a good price for that area.
Hope this helps.
"Always look on the bright side of life!"
Eric Idle
Recent ACGX News
- Alliance Creative Group (ACGX) Releases Q2 2024 Financial and Disclosure Report with an increase of over $130,000 in Net Income from Q2 2023 to Q2 2024 • InvestorsHub NewsWire • 08/14/2024 12:30:00 PM
- Alliance Creative Group (ACGX) Releases Q1 2024 Financial and Disclosure Report with an 88% increase in Net Income from Q1 2023 to Q1 2024 • InvestorsHub NewsWire • 05/15/2024 12:30:00 PM
- Alliance Creative Group (ACGX) Releases 2023 Annual Financial and Disclosure Report - PeopleVine's revenue increased by 100% in 2023 • InvestorsHub NewsWire • 04/01/2024 12:00:00 PM
- Alliance Creative Group (ACGX) Reports Third Quarter of 2023 Financials • InvestorsHub NewsWire • 11/15/2023 01:00:00 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM