Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Been awhile since anyone posted here. Is ALCX still alive?
Well that didn't take long. I sent emails to the address I previously posted for over a week and now today it doesn't work.
Sorry folks
'apcavasin@alcartechnologies.com'
the email address above seems to be going through, though I have had no response.
It belongs to the supposed CEO.
I suggest we start sending emails to this guy until we start to get some feedback. (any feedback would be good at this point)
I see the stock pps is moving today; sorry my mistake, someone was just dusting and moved a few shares on the shelf.
I know that; 23 bucks won't make me or break me. I was hoping someone might know something the rest of us cannot find through normal means of info gathering.
Like; is the company still around anywhere, is there anyone who I can contact to ask questions, like a President, CEO, CFO,etc.
There has got to be something somewhere. How about the guy listed in the ibox as a contact; does anyone know how to get in touch with that guy?
yep you'll be fine....I pissed away an extra $40 not too long ago
Thats 4 packs of cigis and I gave up smoking three weeks ago. I think I'll be okay.
TDameritrade; I think I just got luck, depending on how you look at it.
What brokerage are you using? I have Scottrade and can't sell mine period. Want another 1k?
ALCX is worthless nothing going on here you pissed away $23
On a whim a couple weeks ago I picked up shares at .0001, 23 dollars plus comm. worth. Didn't think I could do it but tried for s**ts and giggles and low and behold it went through.
Now it's at .01 but no volume; today someone bought 20,000 at .01 and I can't imagine why.
There is no DD to be done because there is no new info thats not at least a couple years old. Does anyone have anything on this company? Is there or will there ever be any business? Why is this stock still listed and tradable (though no volume to trade) and not just completely abolished?
I don't care about my 23 dollars i put into it altough its now valued at 2300 dollars which is nice and would be nicer if I could actually sell it here. As I stated I did it on a whim but now I am curious to see if anyone out there has anything of interest on this stock.
Thanks
it's ALCX now...symbol changed
Anything new on trial of fraudsters with ACMG?
I hope you are able to sell you shares. good luck.
motordocsc thank you very much...I have file another complaint against TDAMERITRADE
I sold mine on 5-20-10. I see that someone sold some 6-2-10.
I have tried to email you and it won't go thru. How can I help. Sorry it has taken so long, I am going thru chemo.
motordocsc I need your help. please email me ind_now@yahoo.com
I wish I could get the scoop as to what is really going on with this all I know is I bought some shares not too long ago through Merrill and they are tradeable the shares in my etrade account is another story
Ameritrade Sold my shares at .02 ,..I had my shares on GTC, and lied ........after the made the profit..I saw the balance in my account. so if someone esle SOLD then I need to talk to the SEC
I have a number also, and is untradeable, ..so how can Scottrade do it,..I have an account w/ Scotttrade now
No kaz I did not resign...I had the SEC/FINRA look at Ameritrade, I will call again tomorrow
etrade........it's a number and untradeable thinking of transfering to Merril Lynch Did you resign as Mod.....I got kicked as assistant wonder why???
kaz do you have ameritrade as a broker?
please give me the date, I had mine on GTC with ameritrade and it sold at .02,..but ameritrade denied it happened,I got FINRA involved,but no sucess.
I couldn't trade mine, either. I had to call my broker and have them put them up for sale for me. It cost me $25.00, but if they sold it would be worth it. Don't give up, keep trying to sell them.
Good luck,I hope you are atleast able to get your money back.
I tried to sell them last year a couple of times, but had no takers.
your lucky my shares are just a number in my etrade account...untradable..... thinking I may switch them to merril lynch so I can sell them
I use Scottrade. I had to call them and have them put my shares up for sale for me. At that time the price was .02, so I had them put it at .01 to sell. I was hoping someone would want to jump on this to make a 50% profit. I got lucky. I hope you are able to do the same. I have been in this stock since 8-07.
kaz thats the 2nd time.
Who is your Stock Broker?
I just sold all my shares! How lucky am I? I made a grand on this stock, I thought I would end up losing everything I had in this stock.
I was thinking the same thing. 150,000+ shares...who's trading this????
some scams just run forever...sheesh
In some types of FRAUD...
once discovered and investigated by the authorities...
the misappropriated property is returned to the rightful owners!
Just not in this market arena... and NOT TODAY, boys!
It's not ours anymore...it's theirs.....we gave it to them!!!!!!!!
Ahem... "take all their money and send them to jail!!"??
Don't you mean: Take all our money from them and send them to jail!
THEN SHOOT THEM in a YEAR!
Well, maybe they'll get what they deserve.....take all their money and send them to jail!!
they should all be shot point blank for scamming
This was posted on the SAT board. Nice to see Alcar listed with the others.
SEC wins ban by default against Boock
2010-04-06 14:36 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (C-PZG) Paramount Gold and Silver Corp
Also Street Wire (U-WHKA) World Hockey Association Corp (2)
by Mike Caswell
The U.S. Securities and Exchange Commission has won a penny stock ban and yet-to-be-determined financial penalties against Irwin Boock, the Ontario man who is facing civil fraud charges for hijacking the identities of 43 public companies. The decision is a victory by default, as Mr. Boock, 55, failed to answer the charges.
The order also includes one of Mr. Boock's co-defendants, Stanton DeFreitas, 33, of Toronto. The SEC said Mr. DeFreitas transferred $2.2-million in proceeds from the scheme to a bank in Toronto. (All figures are in U.S. dollars.) As with Mr. Boock, he failed to answer the case, and is facing a penny stock ban and financial penalties that the judge will determine.
SEC's complaint
On Sept. 29, 2009, the SEC filed a civil fraud complaint against Mr. Boock, Mr. DeFreitas and others in the Southern District of New York. The regulator said the men ran a four-year scheme in which they hijacked the identities of inactive public companies, and then sold them as shells. In addition to Mr. Boock, the defendants were Jason Wong, 32, of Markham, Ont., and two Houston lawyers, Roger L. Shoss, 64, and Nicolette D. Loisel, 52. Also named was Select American Transfer, a transfer agency that Mr. Boock, Mr. DeFrietas and Mr. Wong ran.
The scheme, which began in November, 2003, targeted inactive companies that still traded, but lacked a current transfer agent or contact person. The SEC said Mr. Boock or one of the others scanned the pink sheets website, searching for companies that met their criteria. Once they identified a target, they contacted the appropriate secretary of state, and reactivated the company using false names and addresses.
In some instances, they found that the secretary of state had declared the company void. In these cases, they incorporated a new company with the same name, and used that new entity to assume the identity of the old one, the complaint stated. The new company would then roll back at a fairly high ratio, typically 1:1,000, and would change its name and obtain a new Cusip number and trading symbol, the SEC claimed.
The next step in the scheme, as described by the SEC, was to obtain free-trading shares in the companies. To accomplish this, the men hired the two Houston lawyers, Mr. Shoss and Ms. Loisel, to draft bogus opinion letters. The letters purported to rely on a Rule 504 exemption, which is normally only available to accredited investors who do not plan to sell the stock. Using these letters, the men obtained 223 million free-trading shares in 19 of the companies, the SEC said. According to the complaint, Ms. Loisel also prepared fraudulent transfer agent verification forms. She received $455,000 for her services.
The complaint did not state exactly how much money all of the defendants made. With Mr. Boock, the SEC said he received $267,625 in 2007 by selling shares of five of the hijacked companies through a Florida brokerage account. With Mr. DeFreitas, the SEC said he held shares of 30 of the hijacked stocks through offshore companies. He sold those shares through New Jersey brokerage Franklin Ross, and directed the brokerage to transfer $2.2-million of the proceeds to a Toronto bank account.
The SEC sought appropriate civil penalties and disgorgement orders, as well as penny stock bans.
SEC halt
The SEC halted 26 of the stocks that Mr. Boock and the others hijacked on March 13, 2008, citing questions about their status as publicly traded companies. The regulator released little other information until it filed the lawsuit 18 months later.
The companies produced from the hijacked shells included Paramount Gold and Silver Corp., a Toronto Stock Exchange company. Another was World Hockey Association Corp., the Surrey-based pink sheets listing that ran a junior hockey league. The others were: Advanced Growing Systems Inc., PCC Group Inc., AEI Transportation Holdings, Alcar Chemicals Group Inc., Asia Telecom Ltd., Bicoastal Communications Inc., China ADnet Enterprises Inc., Innolife Pharma Inc., International Energy Ltd., KSW Industries Inc., LeaseSmart Inc., Level Vision Electronics Ltd., Lotta Energy Acquisition Corp., Magellan Energy Ltd., Marinas International Inc., Microlink Solutions Inc., NutriOne Corp., Packaged Home Solutions, Natural Medicines Ltd., United Environmental Energy Corp., VShield Software Corp., Aerofoam Metals Inc., Andros Island Development Corp., Asante Networks Inc., Brekford Communications Inc., Cavico Corp., Complete Care Medical Inc., El Alacran Gold Mining Corp., Extreme Fitness Inc., Gaming Transactions Inc., Interage Ltd., Life Exchange Inc., Motion Picture Group, Mvive Inc., Reality Racing Inc., Regal Technologies Inc., Remington Ventures Inc., Straight Up Brands Inc., UDS Group Inc., Uptrend Corp. and WW Energy Inc.
Other defendants
Unlike Mr. Boock and Mr. DeFreitas, two of the other defendants have responded to the case. Mr. Wong unsuccessfully sought to have the charges dismissed on the grounds that he was simply a software developer at Select American Transfer. The SEC argued that he had a far greater role, which included submitting false documents to the Cusip Bureau in Manhattan. The judge agreed that there were sufficient grounds to see the case against him through to trial. Ms. Loisel is also trying to have the charges dropped. The others have yet to respond to the suit.
For Mr. Boock, the hijacking case is not the first regulatory action he has faced. In September, 2000, the SEC sued him for falsely claiming that PricewaterhouseCoopers had audited a company's financial results. He settled that case in November, 2002, agreeing to pay $429,619 in disgorgement and penalties. He did not admit to any wrongdoing.
Any person with information relating to this matter should contact John Polise, Assistant Director, Division of Enforcement of the Securities and Exchange Commission.
Phone: 202-551-4600
Email: ENF-17suspensions@sec.gov
jazz some still post on the Select American transfer (SAT) thread.
lil jazz call the SEC/FINRA if you have any knowledge ,there is a Disgorgement Fund..I am hoping to get something back? good to hear from you again.
gator
Hello, folks. For those who remember, I was once an assistant moderator of this board back when we all thought it was legit. I haven't been back here in a while but stopped in to see if anything ever developed. After reading the posted SEC documents, I am gratified to know that,AT LEAST, some of those involved in this atrocious fraud have been identified and are being prosecuted. As you may remember, it was my first venture into penny stocks, and I lost thousands of dollars in this mess.
I am still very curious to know more. For instance:
1. Was Alex Cavasin involved in the fraud(I saw no mention of him in the documents)or was he a victim who bought the fraudulent shell from this Boock guy? Or is Alex Cavasin even a real person?
2. What has happened to Boock and the rest? Are they in custody? Will they be tried?
3. Has anyone contacted the SEC about any form of reparation, or is that even possible?
I'm sorry if I'm asking outdated questions here, but I never learned the truth. If someone can fill me in, I'd appreciate your time.
I pray that justice is done in this matter. Those who perpetrate this kind of fraud on the innocent, deserve the level of punishment commensurate with their deeds.
I wish you all the best.
Lil Jazz
Let's just say,
back in Feb of 2007 ACMG was making a little run..
I doubled up and got back into the profit margin..
Instead of following my gut feeling and selling then, I got
greedy and got my nads burnt on this one.. Yep, that will kill ya, most every time..
The rest is history.. Alex went down the 'yellow brick road', and disappeared before he reached the wizard.. Siam must have seen the sunami coming, but likely that was all watered down fictional treatment for the ACMG train robbery..
ALCX is still listed at my brokers, but can't sell any shares..
There's no market for ALCX and apparantly no registered shares, as well.. There's been so much hi-jacking going on it's incredible..
If the SEC had any balls, ya think they would protect the investors.. Instead of losses to deduct from taxes, they could help generate profits to pull in more revenue to help pay the bills.. Unfortunately the politicians spend more time trying to figure out ways to feather their own pockets and everything else
be damned.. Jmo on that..
I've never seen you post before how many shares you have of this anyways?
Followers
|
131
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
37012
|
Created
|
04/21/06
|
Type
|
Free
|
Moderators |
http://sec.gov/litigation/complaints/2009/comp21243.pdf
http://www.sec.gov/litigation/suspensions/2009/34-60707-o.pdf
sec.gov/litigation/opinions/2008/34-59074.pdf
http://idea.sec.gov/litigation/admin/2008/34-59109.pdf
http://www.sec.gov/litigation/admin/2008/34-58627.pdf
http://www.pinksheets.com/pink/quote/quote.jsp?securityId=110140
*** ATTENTION***
There has not been any communication with the company or management since their PR on March 23, 2007.
They have no office, no phone, do not reply to emails, have no IR person, and no Transfer Agent.
Please take this into consideration before ever contemplating purchasing any shares in ACMG
ACMG PR from 3/19/07
Alcar Chemicals Group and Siam Renewable Energy Group Announce Signing of Definitive Acquisition Agreement
50 minutes ago - Market Wire
Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announced today that Siam Renewable Energy Group Ltd has approved and signed the definitive agreement to acquire the controlling interests of ACMG.
According to the company, the definitive agreement was finalized and signed today in Singapore, whereby the Siam Renewable Energy Group Ltd. acquires 55% of the company for a total investment of $282M, a value of over $2 per share.
According to the company, the agreement specifies the following:
-- Siam Renewable Energy Group Ltd. will inject a total amount of USD $282 million dollars for a total of 137.5 million restricted shares. The first amount of 7.2 million dollars, subscribed as a convertible loan at $1 per share, will go towards the building and start-up of the first plant in Canada, to insure ACMG will be able to meet its contractual obligations, as well as the scale up engineering. The loan bares no interests and no repayment modalities for twenty-four months but will be automatically converted into 7.2 million shares baring a two-year restriction upon completion of the Canadian plant, expected for end of August 2007. -- Warrants are expected to be executed for each of the following four years, in April 2008 7.2 million restricted shares at $1.50 per share, in March 2009 7.2 million restricted shares at $3.50 per share, in February 2010 7.2 million restricted shares at $5 per share and in January 2011 7.2 million restricted shares at $10 per share, these amounts corresponding to the cash input scheduled within the business plan for the projected expansion of ACMG's ethanol production in South East Asia. -- In addition, Siam Renewable Energy Group will complete the forecasted financing of the ethanol facilities for a predetermined fixed amount of shares. The agreement defines that in March 2008 Siam Renewable Energy Group will return 17 million shares to Dr Cavasin from his shares held as security and will invest USD $65 million dollars to receive 30 million shares baring a two year restriction. In February 2009, Siam Renewable Energy Group will return an additional 17 million shares to Dr Cavasin, always from his shares held as security and invest USD $39 million dollars to receive 25 million shares baring a two year restriction. In January 2010, Siam Renewable Energy Group will return an additional 17 million shares to Dr Cavasin and invest USD $27 million dollars to receive 25 million shares baring a two year restriction. Upon completion of the third plant and beginning of construction of the fourth ethanol facility, foreseen for December 2010, Siam Renewable Energy Group will return 11.5 million shares to Dr. Cavasin from the remaining shares held as security and the balance of 5.5 million shares will be transferred to Siam Renewable Energy Group which will receive an additional 16 million shares baring a two year restriction issued to them at that time. -- With the singing of the agreement Dr. Cavasin's resignation as CEO of ACMG and his new position at Siam Renewable Energy Group as COO and Director of Operations becomes effective. The transition is expected no later than by March 27th 2007. ACMG will be restructured according to a most recent plan now being finalized and which will be announced shortly. -- Following the four year expansion plan proposed by Siam Renewable Energy Group, ACMG will be operating five plants in Canada and South East Asia for which present management and shareholders in the float will hold 45% and Siam Renewable Energy Group will hold 55%. -- A final clause added and approved by the two Boards of Directors specifies that Siam Renewable Energy Group will acquire up to 30 million shares in the open market to a maximum of $1.00 per share and said "buy back" is to begin immediately. -- The definitive agreement is schedule to close on or before May 7, 2007.
Siam Renewable Energy Group Ltd is an International Business Corporation formed by Private Investors who started different technology funds and venture capital groups active in the energy sector since the early nineties. The successful group will make the information for fund transfers available to ACMG shareholders through their lawyers. All relevant information will be available online at http://www.alcarchemicalsgroup.com/press-room.asp?sec=press_ shortly.
***********************************************************
Re: ARTL CONFUSION
ARTL is an acronym for Alcar Renewable Technology Licensor. The ARTL acronym should not be confused with the stock symbol ARTL (Aristotle Corp.). The two entities are completely different. Aristotle Corp has NO affilliation with Alcar Chemical Group Ltd.
***********************************************************
About Alcar Chemicals Group Inc.
The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorization for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents todays most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
Investor Contact: Steven Sung IR@alcarchemicalsgroup.com
SOURCE: Alcar Chemicals Grp
<a href="<a href="<a href="<a href="mailto:IR@alcarchemicalsgroup.com"""" target="_blank"mailto:IR@alcarchemicalsgroup.com"""</a target="_blank"<a href="mailto:IR@alcarchemicalsgroup.com""</a" target="_blank"mailto:IR@alcarchemicalsgroup.com""</a</a target="_blank"<a href="<a href="mailto:IR@alcarchemicalsgroup.com"</a"" target="_blank"mailto:IR@alcarchemicalsgroup.com"</a"</a target="_blank"<a href="mailto:IR@alcarchemicalsgroup.com"</a</a" target="_blank"mailto:IR@alcarchemicalsgroup.com"</a</a</a target="_blank"<a href="<a href="<a href="mailto:IR@alcarchemicalsgroup.com</a""" target="_blank"mailto:IR@alcarchemicalsgroup.com</a""</a target="_blank"<a href="mailto:IR@alcarchemicalsgroup.com</a"</a" target="_blank"mailto:IR@alcarchemicalsgroup.com</a"</a</a target="_blank"<a href="<a href="mailto:IR@alcarchemicalsgroup.com</a</a"" target="_blank"mailto:IR@alcarchemicalsgroup.com</a</a"</a target="_blank"<a href="mailto:IR@alcarchemicalsgroup.com</a</a</a" target="_blank"mailto:IR@alcarchemicalsgroup.com</a</a</a</a
Website:
http://www.alcarchemicalsgroup.com
Alexander P. Cavasin, PhD
Chairman & CEO
The Alcar Group Inc.
514-402-3665
http://www.alcartechnologies.com
http://alcarchemicalsgroup.com
Share Structure:
Authorized: 250M
O/S: 118M
Restricted: 73M
Float: 45M
Select American Transfer Company
118 Finch Ave. West
Suite 35
Toronto, Ontario, M2N 7G2
Tel. (647) 722-9581
Contracted Party Information
A-M Polymers is an Algerian company, the result of a spin-off from Technoflex. It is one of Algeria's oldest polymer and plastics manufacturing corporations.
Caoutchouc Technique & Industriel, Sarl (TECHNOFLEX)
1, rue Mesbahi Hamidou
16305 Saoula
Algeria
Tel.: +213 21 35 64 14
Tel.: +213 21 35 65 63
Tel.: +213 21 35 75 97
Fax: +213 21 357597
Year of foundation 1974
Share Capital/Capital Social 2 000 000 DZD
CEO email response to emailed questions:
http://www.investorshub.com/boards/read_msg.asp?message_id=17728453
Email from Genivar
http://www.investorshub.com/boards/read_msg.asp?message_id=18549430
...
Penny Stock Basics
http://www.allstocks.com/copia/html/the_basics_of_otcbb.html
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Posting Rules for the ACMG board!
All posters will be subject to the IHub TOU agreement.
Any messages that violate the User Agreement or detracts
from the civility of the board will be removed.
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |