Wednesday, December 11, 2013 1:11:32 PM
If anything the conversion of shares for debt holders is a boon for the company as these are shares already provided to holders in exchange for funds previously invested long ago. This allows the company to settle those debts without using cash. That debt reduction looks good when coupled with the company's profitability.
Why don't you do as some here have suggested and use an absurd number of shares that could have been added to the float. As long as that number is less than the A/S it'll work.
Even then you will see a company trading for far less than it's book value.
Debt problem? Puh-lease!
If anything this company has a lazy investor problem. Too many folks jumping in and out with zero DD and even less understanding of the company's value.
As Blue likes to point out, show us another micro cap with earnings like this trading at this level. There are numerous dogs out there trading much much higher with huge O/S and zero earnings. Now explain that as anything less than lazy investor DD.
$ACGX
Recent ACGX News
- 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
- Alliance Creative Group (ACGX) Reports Second Quarter of 2023 Financials • InvestorsHub NewsWire • 08/14/2023 08:30:00 PM
- Alliance Creative Group (ACGX) Becomes an Equity Partner of the Coastal Spritz Brand • InvestorsHub NewsWire • 06/13/2023 12:00:00 PM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM