Tag: ACGX

ACGX | Alliance Creative Group, Inc | This Morning’s Focus

Alliance Creative Group, Inc. ACGX

We first began coverage of ACGX back on November 1st, and on that same day, we saw a low of .01, before the stock surged to .0179 prior to a .0145 close.

Since that time it has been bouncing around between a penny and .0175, as it seems flippers are having a grand old time buying near a penny, and flipping out for quick gains of up to 50-75% and as a result the stock is trading in a fairly tight channel. The 100DMA of .0178 is the key resistance at the top of said channel, while the 20DMA of .0119 seems to be the support level.

Once these flippers are churned out, and the resistance is broken, we think ACGX has a good chance of breaking out and perhaps seeing even a triple-digit gain.

The positive news released this morning is very encouraging, alluding to easier times ahead with regard to the interest owed on the company’s debt. The change in banks will allow for more financial freedom for ACGX, which in turn could translate to added value on the stock.

 


Alliance Creative Group (ACGX) Agreed to Amendment and Extension with Largest Debt Holder


Company Also Changes Banking Relationship to Increase Credit Line while Reducing Interest Rate

CHICAGO, Nov. 8, 2012 /PRNewswire via COMTEX/ — Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX.pk) is pleased to announce that it has come to terms with its largest debt holder, Golden State Equity Investors, Inc. The parties have amended the terms of the convertible debenture and warrant agreement to settle on all old interest payments, reduce the future interest rate and extend the agreement for 5 years to 2017.

As of October 30, 2012 the Balance on the Prior Advance was $243,123 and the balance on the debenture was $141,812. The old interest rate on the debenture was 7.75%, the new rate will be 3.75%. Upon the exercise of its conversion rights under the debenture Golden State can convert to common shares at a rate of 80% of the past 3 day trading average price. Additionally, as long as the company is not in default of this agreement by June 30, 2013 the judgment against the former CEO, Paul Sorkin, will be deemed to be satisfied in full.

The Company has also changed banks from Centrust, a small local bank, to RBS Citizens, a very large international bank. The change was to help consolidate liabilities while reducing the interest rate significantly and increasing its lending limits.

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Extended Watchlist:

STLK, CGRA, PTN, MTSL, VIZS

Medical Marijuana Round-Up: Part Three

Medical Marijuana Round-Up: Part Three

Election Day has come and gone, and as we suspected, medical marijuana passed in certain states. While still against federal law, this was big step for the medical marijuana movement, and related stocks that we have reported on in the recent past. We were one of the first to the party in discussing the potential of these stocks as desicion 2012 drew near, and now of course, we see several other groups jumping on the bandwagon. Simply check out the dates on our previous reportsto see that this is, in fact, the case.The following is a list of medical marijuana plays that we’ve continuously monitored, and will continue to do so as we see how the successful push for legalization in some states affects their futures.

These are all stocks that have brought us sizable gains already, but with this new development, things could get really exciting as a result. We wouldn’t be surprised to see another wave of new interest in these and other related stocks.

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Medical Marijuana, Inc. MJNA

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Hemp, Inc. HEMP

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GreenGro Technologies, Inc. GRNH

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Cannabis Science, Inc. CBIS

____Here are several more related plays that we’ve dug up to give you as much of a variety as possible.

 ERBB, FSPM, GTLA,MDBX, MWIP, PARS, PHOT, RFMK, RIGH, SFIO, SRER, TRTC

____Extended Watchlist:
STLK, CGRA, ACGX, VLNX, CGUD

ACGX, CGRA & STLK | Today’s Stock Watchlist

 

Alliance Creative Group, Inc. ACGX

On Thursday we published a report on ACGX, and the stock traded its highest volume since the month of May (993131 shares traded).The stock was as low as a penny, and closed at .0145, for a really nice 45% intraday gain. On Friday the stock traded in a range between .012-.015, closing flat on the day at .0145. We like that it managed to maintain a higher low during Friday’s session, and while the volume was dwarfed by Thursday’s performance, the stock still traded more than twice the 3mo. average. 

Per the recent lifting of the DTCC chill that had been placed on ACGX stock, we feel that it was a sign of strength, and a show of the efforts that are being made by the company to move in a positive direction.

At Friday’s market close, the current market value of ACGX is a mere $126,885, a figure that we feel represents an undervaluation of the stock.

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CGrowth Capital, Inc. CGRA

CGRA first appeared on our long-term watchlist on Friday, October 26th. Having been as low as .08, we witnessed a subsequent high of .13 this past Friday, for possible gains of 62.5% in the span of one week.What we feel is one of CGRA’s main selling points, is the recent addition of Jason Otteson to the company in an advisory and investment capacity, as outlined in the press release that hit the wires on the 26th (below). His involvement is a definite boon, as his appearance in “Gold Rush” exposed him to be a very savvy and resourceful individual. We think that his role should not be understated, as we were really impressed with what we’ve seen of his capabilities and business acumen.  
 
SILVERDALE, Wash., Oct. 26, 2012 /PRNewswire via COMTEX/ — CGrowth Capital, Inc. (Pink Sheets: CGRA) is pleased to announce that Jason Otteson and Noble Mining, Inc. have joined the Company as a corporate advisor and investor.

The Company recently announced its transition into the mining and precious metals industry. The addition of Noble Mining, and the insight and contacts of Noble Mining’s Jason Otteson, is a big step forward in growing the business and executing on its business plan.

“We are extremely pleased with this addition to our team,” stated Bill Wright, CEO of CGrowth Capital, Inc. “We met several times with Noble Mining to make sure it was a good fit for both parties. Jason Otteson and the Noble Mining team are quality people with good business sense. We could not be happier about the outcome and believe the relationship will play a big part in accelerating our business plan and building shareholder value.”

Jason Otteson, who has been featured on Discovery Channel’s hit show Gold Rush for two seasons is the founder of Noble Mining, Inc. The 3rd Season of Gold Rush airs on Friday, October, 26th at 7:00 CST. Discovery’s Gold Rush is one of the top shows on TV.
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STL Marketing Group, Inc. STLK

October 22nd marked the first appearance of STLK in our newsletters. At the time we saw a massive run from a low of .006-.0249, representing gains of 315%

Since that surge, the stock has consolidated on reletively light volume. Friday’s low of .008 is close to where we began following it a couple of weeks ago.

There has been quite a bit of new information and filings beginning to appear from STLK, and we expect to see the stock upgraded to ‘current’ status on OTCMarkets.com any day now.  

We would not be surprised to see another run out of this play when current status has once again been attained.