$ACGX ~Repurchase the company's shares of common stock will solve the problem of the greatly reduced stock price.
Come on Paul Sorkin, surprise us with actions!!!
"At this time we have twenty four (24) full time employees"...One way to solve this is a buyback share program, w/employees.
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An SEC rule that provides a "safe harbor" for companies and their affiliated purchasers when the company or affiliates repurchase the company's shares of common stock (i.e., they will not be deemed to have violated anti-fraud provisions of the Securities Exchange Act of 1934). The repurchases must fall within the four conditions of the rule. These cover the manner of purchase, the time of the repurchases, the prices paid and the volume of shares repurchased.
•Manner of purchase: The issuer or affiliate must purchase all shares from a single broker or deal during a single day.
•Timing: An issuer with an average trading volume less than $1 million per day or a public float value below $150 million is unable to trade within the last 30 minutes of trading. Companies with higher average-trading-volume or public float value can trade up until the last 10 minutes.
•Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted.
•Volume: The issuer can't purchase more than 25% of the average daily volume.
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