Who are the haters,, those that do DD and relay facts only or those that just hope they are right and proven wrong on each purchase.. Remember just a little over 2 years ago ACGX had less than 9 Million shares outstanding and was earning $0.12 per share and was promising no major dilution of shares.. Today the earnings are lower and shares outstanding fully diluted are above 1.5 BILLION.. The following are loans due.. Interesting is Golden State as it has always ben the one blamed for conversion of debt.. Eagle eyes will notice that very little has been done to whittle down this obligation and the conversion of debt appears to have come from some place else.. Friends of the Company..??
Long Term Liabilities
Note Payable - Golden State 2004 149,624
Note Payable - Golden State debenture 128,112
Note Payable - Auto Loans 128,634
Note Payable - STLK Notes 207,500
Convertible Notes 455,025
Note Payable - Shareholder 13,915
Total Long Term Liabilities 1,082,810
BTW friend of the company are now the purchasers of the New Preferred issue of over $300K that has much better conversion terms.. What are those funds needed for and why have they been created .. Could it be that Friends are running out for shares (Debt.) that may be converted..??
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