ASCK CEO makes statement regarding IHUB Posts and Stock Prices
April 20 2017 - 2:19PM
InvestorsHub NewsWire
April 20, 2017 -- InvestorsHub NewsWire -- Hello, I'm John
Sprovieri, CEO of
ASCK Auscrete Corporation. It would appear there has been much
misinformation posted on the IHUB message board about our company
and Id like to address a few things.
First issue is our recent 10-K. Please remember this represents
the end of a period nearly 4 months ago. There have been
considerable changes since then. We are on the cusp of commencing
earthworks for our new factory and we need to consider the
following. It appears many of you would like us to just sit here
and do nothing so you can talk about notes or dilution. Thats NOT
going to happen. What we all need is a healthy company producing
revenue and profit.
So here's the bottom line. You can talk all day about notes for
$400K that are already being converted OR you can help us (and
yourselves) by supporting our stock so we can get this show on the
road. Sure, we've had funding issues but we also have
solutions. We need to finance our production plant through stock
sales and that will mean some dilution, but remember, even if it
doubles our float, we would still only have 500 million shares in
the float (and 750 million total out). A great number of penny
stocks have billions of shares in their float.
But heres the real point. In this years' 4th.Quarter, going
forward we will have a revenue producing plant up and running
and producing $15 million in revenues per year, from the outset.
GET IT? stagnant $400K doing nothing VERSUS $15 million in
revenues. The note issue sort of pales into insignificance, doesnt
it.
Heres how it works. Market Capital today (.0012) is around
$444K. Thats because we have no revenues, not because people dont
like us. Once in production, revenue value will consistently add
greatly to our asset base (corporate valuation plus fixed assets)
so our MarketCap will dramatically improve. We have the tools and
the know-how. Lets get the plant going and then we'll have the
share value. We told you at the outset, this was a longer term
investment, not for a day trader.
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