ASCK CEO makes statement regarding IHUB Posts and Stock Prices

Date : 04/20/2017 @ 3:19PM
Source :InvestorsHub NewsWire
Stock : Auscrete Corp (PC) (ASCK)
Quote : 0.001  -0.0001 (-9.09%) @ 2:48PM

ASCK CEO makes statement regarding IHUB Posts and Stock Prices

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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