Replies to post #40695 on Alliance Creative Group Inc (ACGX)

[kid biscuit]

Look at the volume, a few weak hands is all your seeing, bring it on, especially when you see the earnings ACGX is making!

[ValueTrader119]

Hank has the facts completely wrong here again!

Hank,
With all due respect you pretend to know more than others on this board and continue to make incredibly false statements without knowing what you are talking about.

We don't know everything yet about this preferred disclosure until the company discloses more but we do know almost everything you said is wrong or jumping to unknown conclusions.

Your statement about how this new preferred share information means they can get shares at .0001 that are valued at a $1 and at a 70% discount from market and they are going to the CEO seem to ALL BE INCORRECT.

1st the $1 value and the .0001 par value have nothing to do with how many common shares the preferred would be converted into in the future if someone decided to convert them into common. It means they could sell preferred shares for $1 each and then the person who bought them could convert at a 30% discount to market after a 1 year restriction if they wanted to change exchange the preferred for common - but if the preferred are for control then they wouldn't want to convert of sell them since that would reduce their control.

2nd These shares don't seem to be issued to anyone yet just authorized with a filing with the Sec of St so we have no idea who's buying them or getting them so saying the CEO is getting them is not an accurate statement.

3rd It looks like if anything was issued they would be restricted and couldn't be sold for a year or more

4th the conversion rate says 70% of the market which is a 30% discount not 70% discount as you said.

5th They are probably more for control than dilution since the easiest why to issue shares to dilute to raise money is a 504 offering - which this is not

6th Why do you always have to try to scare people by pretending to know what you are talking about before actually getting the facts.

I'm all for unbiased DD and people sharing their opinions based on facts but don't just make up random BS to scare people because you don't like the way the company was run 5 years ago.

Let's stay focused on the facts here.

Good luck to all
Do your own DD