Valuing their investment at the price of the last investment in the private company. That investment could have been a small fraction of the total investment but pumped in price for the purpose of ACGX valuation.
Sleight of hand is what it is...
We have no idea how much money was taken from selling ACGX shares and put into People Village before it was taken private.
We have no idea of the ownership of the private company People Village.
ACGX said it wanted to raise $6 million for PV at one point.
They valued it at $700K when it was taken private.
If it talks like a scam and it walks like a scam, it probably is a scam.
Especially when the same people have siphoned off money from this shell for an IT company that was taken private and failed.
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