To the Post Leader:
On Friday, I spoke with ACCY's CEO on the movement of the stock lately, due to possible news releases, signings, sponsorship, etc. I also informed him the I lead an investment club in Maryland/Washington D.C. The club meets the first friday of every month with topics and discussions about current holdings and recommendations for new up and coming stocks.
Our club has been invested heavily in (GOLF) Square 2, which has performed very well over the holding period, thus the club started to review other potential opportunites within the golf industries. With considerable research and review, we selected (ACCY) based on industry, management, price, up and downside risk and reward.
In late September, we decided to go forward with ACCY at (xMM x .12). Since then the club members have done a considerable amount more of research and felt that there were certain dates with new news that had to occur, in order for ACCY to maintain its promise of the Tourament in December.
Needless to say, the dates are expiring and several of the club's members, (which are between the ages of 28-73, from all walks of life, and all invest between $20,000-$250,000 new money each year) were doing the DD and wanted to question ACCY's CEO on a few points.
And so, with the this month's meeting being held last evening, the club members felt a call to the CEO yesterday was important. And I believed that the company (ACCY) thought it was also with the desire that xMM outstanding would not be sent to market with a good ROI from 30-45 days.
So about 3:15pm, we were able to speak with ACCY about the questions that our membership wanted to post. Some were typical to the postings given here on this thread, but others included a look at a balance-sheet without immediate sponsors and financial backing. Several of the club's members are former Comptrollers and CFO's of Baltimore/Washington area's businesses.
What I would like to point out is that most of the questions are going to be answered in this Monday's (Before the Bell) release. The club's members also decided after the call, to take some of Oct.27/28th's buying/selling profits and invest them into additional ACCY investments. This was executed between 3:55-4:00.
After our evening meeting, the club reported that it expects a positive outlook for this company with a buy.
After each meeting, the minutes are faxed/emailed out to members that can not attend.
Thanks, |
