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still hoping for some company to buy out and use this stock ticker
a whole new profile is there a new Alexander too or do they just happen to change profiles
Cavasin looks to have disappeared and Siam has technology now what about us shareholders of ALCX / ACMG
What about What?.
what about?
Yes, unless Alcar Chemicals files a Form 10 to register new stock the ticker ALCX is no longer tradable.
So that's the end.......
ALCX Finra deleted symbol:
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/30/2013&mkt_ctg=NON-OTCBB
you post by mistake? anything new here?
It still isn't trading and has no stock symbol, only a cusip.
Any docs/links you can provide? Thanks.
anybody have any idea why this is reinstated?
ALCX reactivated on 2/29 what is going on here?
there was no bankruptcy so I'm not sure what event can be used. I'm just writing it off and see what the IRS says.
yeah I'm in the process of writing it off
how should i know? never owned it and i am not a tax advisor.
anyone write this off as worthless stock for tax deduction?
all is good here. hope you are good as well. got away from these sub-pennies, myself.
Hey long time....hope you are well...
what's going on kevorkian? chee chee
ALCX was delisted I see nothing more to be said here looks to be over
I did a search on "alcar chemicals group" on Yahoo and the fourth article down mentioned an action against Birman and ACG. The Division found that ACG never registered any securities with the SEC. I don't understand how these traded without going thru the proper procedures. Interesting that Steve would show up now....maybe he's trying to clear his conscience.
hi k. still holding a bunch of shares of this, and check in once in a while. still check in to see if anything about cavasin on the internet. nothing but old news. the guy really disappeared (there is an italian soccer player, and is a young university student with the same name). anything new since the 2009 SEC trading suspension which expired later in 2009?
thanks.
laz
Thanks......good luck to you as well
The one that I had for years had several reverse splits and then did not trade for a long time, like I said, I forgot about it. My broker called one day and said that it was trading and was worth several dollars a share. I sold all, made seventeen hundred percent profit, yes, over fifteen years, a little over 100% per year. I am talking about many thousands of dollars. I am not saying that will happen with ALCX, odds are it will not. Good luck with the others that we both hold!
it was a number in my portfolio I thought it was worthless and not trading but it is still trading I believe now....they can't process ALCX as a worthless security if it is still trading....we'll see what happens I will call etrade in the middle of May if they process it as worthless and don't sell my shares
By the way, like I said, I do not own ALCX, but I never write off any. The biggest winner I have had, I held for fifteen years and forgot about, it paid off big time.
interesting.......seems the only way this company can survive we will see what happens
OK, an RM into another CO., but it was by word of mouth, I do not remember the other CO. It was some time ago, before I knew anything about ALCX. I looked up ALCX two or three weeks after I heard the rumor and saw that there was no MOD and was basically dead. I applied for the mod job just to remind me to keep checking. I have not been able to contact the source of the rumor. Just a curious thing that I wanted to find out about, probably is nothing.
what was the rumor you have me interested...I just got rid of my ALCX processed as a worthless security....
ALCX, I do not own any ALCX. I am here because I am curious about a rumor. That rumor has no backing, so I will not mention, just watching.
So what do you expect now? That I feel soooo sorry for Alex? For not having received my dividend of Alcar Technology Licensor (or whatever it was called)? For Alex having missed the interview at that time and simply disappeared? For Alex having bought a "poisoned" shell? For having played the game of whoever was/is guilty for what happened to ACMG? For promises that he never kept? For the technology that (most likely) wasn't there according to Evgeny Stefoglo? For having lost my money here?
Yes, starting to think about it, I really feel sorry! Where is Alex now with all his promises of getting the share structure and all other elements right? Where is he working now, our poor Doc? Why can't we find anything about him anywhere? Where is he hiding so that we can get justice? Who is his employer?
And no, I don't feel sorry for Alex at all. Maybe he was once trying to get things done. But along they way he became part of the scam and he is no better than the bad guys you are pointing to.
sc99, I thank you for your post, very informative.
well Steven Sung Cheng, that's an interesting story, but I'm not buying it. Why was nothing ever communicated to shareholders? Not even an email (assuming Alex couldn't afford to issue a PR) explaining what happened?
My guess is that this will eventually be investigated, and perhaps prosecuted, if the regulatory agencies ever catch up with their backlog of scams to investigate.
If what you posted is true, you could have posted this info long ago. Thanks for keeping everyone in the dark for so long.
THEY were the people that took ACMG public (together with some other comapnies on that list...).
It is true that Alex and his partners had received death threats while trying to investigate what really was going on.
Looks like this post awnsers some of the questions. For one we know now where all the shares came from (and where the money went)...Alex still has my vote, Steven Sung 10.4
I believe it is about time to set the record straight!
You all know that he (the CEO) handed his demission in ACMG in February 2007 after his trip to Asia where he secured a well structured financing, promising to remain until the first plant would be operational. What you don’t know, and those who do know seem to have conveniently ignored, during the due diligence process doubts came about as to the legitimacy of the transfer agent and ACMG, or better the “shell corporation” into which ACMG (operating corp.) had been reverse merged. The lack of data was serious enough for the Asian financers to withdraw their offer for financing. They did however renew the offer for Alex to work for them, an offer he accepted together with the condition to sever all ties with ACMG and to remain silent.
It needs to be made clear that Alex never sold one single share nor did he ever get one single penny from ACMG, as a matter of fact he went bankrupt. That’s correct, at a time where he could have walked away from it all with his hard earned money from previous developed technologies he chose to invest everything he had to keep the project alive, costing him everything including his baby to which he had dedicated over a decade. Furthermore, he retired his entire share park, together with the shares his new employers had repurchased in the market (in total 118M shares), for the benefit of ACMG’s shareholders.
What really happened? Was the shell hijacked or was something wrong with the transfer agent, or both, or perhaps was someone else at play behind the scene? Or was it simply a case of failed financing? These questions will most likely remain unanswered but the fact remains that whatever the circumstances which led to the failing of ACMG, it drove Alex and his company into bankruptcy.
Fact is, he chose the public venue to finance his company’s growth, relying on outside expertise for lack of own knowledge and understanding of the stock market. That, my fellow investors, is the only thing Alex is guilty of: hiring the wrong ppl to manage a part of the business he was not familiar with, a mistake he paid dearly for.
How is it that ACMG has now become ALCX and still lists the same business and directors as back in 2007 when we all know that Alex is now working in Asia? That the (operating) company went bankrupt and was liquidated and that everyone else listed moved on with their lives? Who are the real owners of ALCX? Who is the TA? Where are the shares Alex and his partners retired? Doesn’t all this smell funny to you people? And the best answer you can come up with is: “the CEO ran off with the money”??? HOW IGNORANT!!!! Sorry but even the most lazy among you lacking any discipline and not bothering to do any homework or even rationally consider all facts at hand should have figured one thing out, that the conclusion and in this case is clear, whatever happened, the CEO was the biggest victim and lost the most. I want to set the record straight, I am Steven Sung Cheng and I briefly worked as PR officer for ACMG.
Think GROUND ZERO at the Japanese electric power plant...
toxic nuclear waste! THAT's ALCX!
CEO ran off with the money. Avoid this stock.
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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
...
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