Asked about ACGI.ob earlier and it never got covered... do you have time to take a look David?
I just saw it dwest718, thanks for the reminder, what a remarkable move today, congrats !!!
Now I see, not just today, this penny stock rose 10 fold in just 11 trading days
Fundamentally:
- Market cap is now $44 M. The Company market memberships in a comprehensive, national, non-insurance based, quality discount eye care and eyewear plan. The memberships entitle plan participants to obtain eye care services and products from its network of providers.
- Balance sheet is awful, negative working capital of ($3.7 M)
- Revenues are less than $100 K per quarter
- There are convertible shares ...
The only reason why this stock is up so much is to then dilute shareholder's value all the way down to levels below where it was when everything started ... I'm pretty sure it will fall more than 90% in 6 months time.
Good luck though
