Selling short DIBZ operated by Keith Maydak (prison) and Paul Taylor (NCVT Telatinos guy)
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This is interesting and there was no mention of any canal in their PRs leading up to the purchase.
MANAGUA, Nicaragua, April 2, 2013 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp. (OTCQB:ACDU) announced today that it completed the purchase of 134 acres of land on the Bahia de Bluefields (Bay of Bluefields).
Accredited Business Consolidators paid $9,842 per acre, for a total purchase price of $1,325,000. The present owner financed the property pursuant to a ten year mortgage note at 6.75% interest per annum with no interest accruing until the third year. If the mortgage is refinanced or paid within two years, the interest will be waived. The purchase of the land closed on April 1, 2013.
The land is now owned directly by Accredited Business Consolidators Corp.
The land is located on the Bay of Bluefields. The Bay of Bluefields provides direct access to the El Bluff/Bluefields Port and the Caribbean Ocean. Many imports to Nicaragua arrive at El Bluff and are taken on smaller boats to the El Rama Port for transportation by ground vehicle to Managua. Many of these boats pass near the AccreditedBiz property as they travel to the Escondido River.
More information about the property can be learned from the following internet sites: bluefields.accreditedbiz.com and www.accreditedbiz.net.
Nicaragua is a stable Republic in Central America. It has not experienced adverse business conditions under the current administration. On the contrary, its economy is expending with international investment. The Company expects its prospective plans for development of the land to comply with all regulations of the Nicaraguan government.
The Company will not issue any additional shares in connection with this transaction. The asset and mortgage debt will appear on Accredited Business Consolidators Corp.'s Second Quarter 2013 10-Q report with the Securities and Exchange Commission.
Accredited Business Consolidators Corp. is a diversified holding company focused on undervalued projects. The Company's authorized common shares are 450,000,000. 436,399,566 common shares are outstanding of which 70,546,600 are restricted. There are 500,000,000 preferred shares, all of which are restricted and owned by My Pleasure Ltd., of the United Kingdom.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
Accredited Business Consolidators Corp.
c/o Accredited Suppliers Nicaragua S.A.
De La Estatua de Montoya
1 Cuadra al Sur
Casa Esquinera
Apartado PA-228
Managua 10000
Nicaragua
+1-267-864-7737
+505-8796-8888
It's very simple. Either someone really wants their land or it's a bunch of BS, or both.
Here's a mystery I'd like you to solve: Does this freaking discount card work? http://www.accreditedrx.com ?
There's been news for a long time about the canal, the land, and kissy kissy to the Ortega administration. Only the volume and price change has brought the interest, both positive and negative. Perhaps nothing extraordinary is happening with the company, just the traders.
Accredited Business Consolidators Corp. Warns United States Enterprises to Immediately Create Investment Strategies in Nicaragua or Miss Opportunities With the Prospective Grand Canal
PHILADELPHIA, June 11, 2013 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp. (OTC:ACDU) today issued a warning to United States enterprises and investors to immediately develop investment strategies in Nicaragua.
AccreditedBiz notes that North America is lagging behind in its investment in Nicaragua while other countries move forward in the region. On June 10, 2013, the legislature in Nicaragua approved a concession for Hong Kong based HK Nicaragua Canal Development Investment (HKND) to move forward with its plans to build a canal through Nicaragua. The project will bring in over $40 Billion into the Nicaraguan economy and create over 40,000 professional jobs. Long term, the project will increase Nicaragua's economy. While many news outlets are spending time speculating about the background of HKND, the enterprise already appointed well credentialed spokespersons, such as Ronald MacLean Abaroa, the former mayor of Bolivia's capital, La Paz, who was the Lead Public Sector Specialist for the World Bank. Contrary to speculation, HKND appears to be spearheaded by Chinese telecommunications company Xinwei. Xinwei's chairman, Mr. Wang Jing, made it clear that he intends to retain United States and British consultancy companies and to seek outside investment into the project. His invitation for American involvement should not be forsaken.
Family Relationships: Our principal shareholder is My Pleasure Ltd., a United Kingdom investment group. Joanna Chmielewska is an officer of My Pleasure Ltd. in addition to being the sole officer here. It should be clear that this presents a conflict of interest and that Ms. Chmielewska may take actions that benefit My Pleasure Ltd.
Well, quite frankly, they are going to either build a canal or they (HKND and Nicaragua) are going to do a $40,000,000,000 pump and dump. I am thinking it'll be put on the Hang Seng as an IPO.
Nicaraguan canal delegation optimistic after visiting HKND in China
A delegation of Nicaraguan companies and the country's investment promotion agency ProNicaragua is optimistic about the viability of the proposed US$40bn interoceanic canal following a visit to China to meet with the project's concessionaire HKND, according to a release from the government.
The delegation met with HKND CEO Wang Jing to discuss progress which is "more advanced than expected," according to the release.
"They have progressed very quickly with the feasibility studies and, more importantly, Wang Jing is committed" to the project, said César Zamora, part of the Nicaraguan delegation.
In June, HKND was awarded the right to develop and operate a US$40bn interoceanic canal and any other infrastructure included in the project under a completely tax-free regime.
HKND has since hired international advisors to work on the feasibility studies that are expected to wrap next year, after which construction will start in December 2014 and conclude in 2019.
The project is not without its critics.
In August, opposition lawmakers that form part of the Nicaraguan democratic caucus (BDN) filed a legal challenge to the interoceanic concession law, claiming that it threatens national sovereignty.
The Costa Rican government recently called on the UN to halt construction.
Analysts have also questioned the Chinese government's role in the project, suggesting the project is aimed at hedging Taiwanese influence in Nicaragua in the absence of official Chinese-Nicaraguan diplomatic relations.
However, in a recent interview with the South China Morning Post, Wang denied any government involvement in the project.
"This is an independent project by our company, HKND. It is a strictly commercial project. There was no order from the Chinese government, nor were any instructions given or demands made. Looking back, if you ask me whether the Chinese government knew about the project, then I'd say the canal is no secret," said Wang.
In December, HKND plans to announce the investments it has secured for the project so far, added Wang.
whoever plays the x59 wall gots 3 market makers.
PERT came out of nowhere to build a little wall.
they blocking it down with 20000 walls
probably peeps saw the SEC report go over the ticker a minute ago. says the same thing as the pr
Gonna break two pennies soon and you get a real company as well.
Last time this ran in I think 2010 or 2009, it took about 5 days to hit .024 ish. It had less going for it then.
Who got shaken out?
It might have just been lunch time. .
That's my point, I think it'll go to where it belongs when they want it to go there. Perhaps there is no news for a reason, so guys give up, and give them the shares they want to get cheaply (or should I say "cheaper").
Remember this went from subpennies to half a dollar. Someone is accumulating the entire float. They don't want to go bankrupt doing it, so they are going to manipulate it a bit so they can get the shares they need for whatever the heck they are trying to do.
Got alot of the old bottom dwellers out, so that's a good thing, and while I don't like to see a bunch of momo pumpers, awareness of the projects will keep interest from longer term players as well.
1. Already owns 100 acres of land, paid over $1,000,000 for it, on favorable loan terms, in Bluefields, Nicaragua, on the bay, right where the canal is being built.
2. Negotiating 300 more acres.
3. Several other projects in Nicaragua such as local art, auto part importing, looking to develop a diversified base.
4. Several offshoot companies such as http://www.accreditravel.com http://www.accreditedrx.com http://www.accredihost.com http://www.ninedollardomains.com
I don't know about a dollar, but I usually sleep until the afternoon and this woke me up!
There will certainly be flippers taking advantage of the sleeping stock. For more legit info, read the older posts and see the company's website at http://www.accreditedbiz.net
Route 2 is the chose Nicaragua Canal route.
he Inter-Oceanic Nicaragua Canal is a proposed waterway through Nicaragua to connect the Caribbean Sea and Atlantic Ocean with the Pacific Ocean. Such a canal would follow rivers up to Lake Nicaragua (the second largest lake in Latin America) and then at least 10 km through the isthmus of Rivas to reach the Pacific (via a canal dug from Brito).
Construction of such a canal along the route using the San Juan River was proposed in the early colonial era. Louis Napoleon wrote an article about its feasibility in the early 19th century. The United States abandoned plans to build such a canal in the early 20th century after it purchased the French interests in the Panama Canal at a reasonable cost.
Speculation on a new canal continues. The steady increase in world shipping may make it an economically viable project. Alternatively, a railway, or a combined railway and oil pipeline, could be built to link ports on the Atlantic and Pacific coasts.
In June 2013, Nicaragua's National Assembly approved a bill to grant a 50-year concession to a newly formed Hong Kong[1] company, the Hong Kong Nicaragua Canal Development Investment Co., to build the canal.[2][3][4][5][6] The concession can be extended for another 50 years once the canal is operational.[7] The proposed Nicaragua Canal will be able to handle the world's largest ships, including the 10 percent of the world's merchant fleet that are already too large for even the new set of locks being constructed in Panama.[8]
Contents [hide]
1 Route
2 History
3 After the Panama Canal
4 Present day
5 See also
6 References
7 Further reading
8 External links
Route[edit]
Main article: Ecocanal
In July 2013, route 2 below was chosen for the canal.[9] Several possible routes were proposed for a canal in Nicaragua, all making use of Lake Nicaragua.[10][11][12] Three routes have been discussed to carry traffic from the Atlantic Ocean up to Lake Nicaragua, which is at an elevation of 32 m (105 ft) above sea level:
route 1 goes from Cayman Rock to Gran Lago
route 2 goes from the town of Bluefields on the Caribbean Sea (Isla del Venado) via Rio Escondido to Gran Lago
route 3 goes from Punta Gorda to Gran Lago
route 4 (Ecocanal route) goes from town of San Juan de Nicaragua via Rio San Juan (an already existing, natural river) to Gran Lago
These routes would then link the western coast via Brito to Gran Lago.
A canal would need to be dug across the narrow isthmus of Rivas (its lowest point is 56 m (184 ft) above sea level) to reach the Pacific Ocean at San Juan del Sur or Brito.
The last route proposed (route 4) is the route which would have the least environmental impact. Route 4 requires to deepen the Rio San Juan and add new locks. However, despite the much lower environmental impact, and the smaller cost in comparison to the other routes, HKND has stated it would not use this route.[13]
HKND Group has hired Environmental Resources Management (ERM), one of the world’s leading sustainability consultancies, to independently assess the environmental and social impact of various routes that are under consideration.[14]
History[edit]
1895 cartoon advocating U.S. action to build the Nicaragua Canal
The idea of building a canal through Central America is old. The colonial administration of New Spain conducted preliminary surveys. The routes suggested usually ran across Nicaragua, Panama, or the Isthmus of Tehuantepec in Mexico.
In 1825 the newly established Federal Republic of Central America considered the canal. That year the Central American federal government hired surveyors to chart the route and contacted the government of the United States to seek financing and the engineering technology needed for building the canal, to the advantage of both nations. A survey from the 1830s stated that the canal would be 278 km (172.7 mi) long and would generally follow the San Juan River from the Atlantic to Lake Nicaragua, then go through a series of locks and tunnels from the lake to the Pacific.
While officials in Washington, D.C., thought the project had merit and Secretary of State Henry Clay formally presented it to the Congress of the United States in 1826, the plan was not approved. The U.S. was worried about the poverty and political instability of Nicaragua, as well as the rival strategic and economic interests of the British government, which controlled both British Honduras (later Belize) and the Mosquito Coast.
On August 26, 1849, the Nicaraguan government signed a contract with the U.S. businessman Cornelius Vanderbilt. It granted his Accessory Transit Company the exclusive right to build a canal within 12 years and gave the same company sole administration of a temporary trade route in which the overland crossing through the Rivas isthmus was done by train and stagecoach. The temporary route operated successfully, quickly becoming one of the main avenues of trade between New York City and San Francisco. Civil war in Nicaragua and an invasion by filibuster William Walker intervened to prevent the canal from being completed.
Sheldon, Henry Isaac (1902), "Proposed route", Notes on the Nicaragua Canal.
Continued interest in the route was an important factor in the negotiation of the Clayton-Bulwer Treaty of 1850. The canal idea was discussed seriously by businessmen and governments throughout the 19th century.[15] In 1897, the US Nicaraguan Canal Commission proposed this idea, as did the subsequent Isthmian Canal Commission in 1899. However, the commission also recommended that the French work on the Panama Canal be taken over if it could be purchased for no more than $40 million. Since the French effort was in disarray, in 1904 the U.S. was able to purchase the French concession, equipment, and excavations for US $40 million.
The Nicaraguan Canal Commission carried out the most thorough hydrological survey yet of the San Juan River and its watershed, and in 1899 concluded that an interoceanic project was feasible at a total cost of US$138 million. At the same time, the Geological Society of America published the “Physiography and Geology of Region Adjacent to the Nicaragua Canal Route” in its Bulletin in May 1899, which remains one of the most detailed geological surveys of the San Juan River region.[16]
In the late 19th century, the US government negotiated with President José Santos Zelaya to lease the land to build a canal through Nicaragua. Luis Felipe Corea, the Nicaraguan minister in Washington, wrote to US Secretary of State John Hay expressing the Zelaya government's support for such a canal. The US signed the Sánchez-Merry Treaty with Nicaragua in case the negotiations for a canal through Colombia fell through, although the treaty was later rejected by John Hay. Before Corea completed a draft of the Nicaragua proposal, Congress was considering the Spooner Act to authorize the Panama Canal. In addition to the promise of earlier completion of the Panama Canal, opponents of the Nicaraguan canal cited the risk of volcanic activity at the Momotombo volcano. They favored construction of a canal through the Isthmus of Panama.[17]
According to Stephen Kinzer's 2006 book Overthrow, in 1898 the chief of the French Canal Syndicate (a group that owned large swathes of land across Panama), Philippe Bunau Varilla, hired William Nelson Cromwell to lobby the U.S. Congress for the Panama Canal. In 1902, taking advantage of a year with increased volcanic activity in the Caribbean, Cromwell planted a story in the New York Sun reporting that the Momotombo volcano had erupted and caused a series of seismic shocks. This caused concern about its possible effects on a Nicaraguan canal. Cromwell arranged for leaflets with the stamps featuring Momotombo to be sent to every Senator as "proof" of the volcanic activity in Nicaragua. An eruption in Saint-Pierre, Martinique, which killed 30,000 people, persuaded most of the U.S. Congress to vote in favour of Panama, leaving only eight votes in favour of Nicaragua. The decision to build the Panama Canal passed by four votes. William Nelson Cromwell was paid $800,000 for his lobbying efforts.[18]
At the start of the 20th century, Nicaraguan president José Santos Zelaya tried to arrange for Germany and Japan to finance the canal. Having settled on the Panama route, the US opposed this proposal.
After the Panama Canal[edit]
The relative locations of the Nicaragua and Panama Canals
Since the Panama Canal opened in 1914, the Nicaragua route has been reconsidered. Its construction would shorten the water distance between New York and San Francisco by nearly 800 kilometers (500 mi). Under the Bryan-Chamorro Treaty of 1916, the United States paid Nicaragua US$3 million for an option in perpetuity and free of taxation, including 99-year leases of the Corn Islands and a site for a naval base on the Gulf of Fonseca.
In 1929, the US Interocean Canal Board approved out a two-year detailed study for a ship canal route, known as the Sultan Report after its author, the US army engineer Col. Daniel Sultan. From 1930 to 1931 a US Army Corps of Engineers survey team of 300 men surveyed the route of a future canal, called the Forty-Niners route because it followed closely the route that miners took in the 1840s California Gold Rush.[19] But Costa Rica protested that Costa Rican rights to the San Juan River had been infringed, and El Salvador maintained that the proposed naval base would affect both it and Honduras. Both protests were upheld by the Central American Court of Justice in rulings that were not recognized by either Nicaragua or the U.S. Both nations repealed the Bryan-Chamorro Treaty on July 14, 1970.
Between 1939 and 1940, with war in Europe underway, a new study was made for the construction of a barge canal. Three variants were considered, with minimum channel depths of six, ten, and twelve feet.[20]
Present day[edit]
In 2010, Nicaragua signed a contract with two Korean developers, Dongmyeong Engineering & Architecture Consultants (DMEC) and Ox Investment, to construct a deepwater port and facilities at Monkey Point on the Atlantic coast to improve capacity there.[21]
In 2004, the Nicaraguan government again proposed a canal through the country—large enough to handle post-Panamax ships of up to 250,000 tons, as compared to the approximately 65,000 tons that the Panama Canal can accommodate. The estimated cost of this scheme may be as much as US$25 billion, 25 times Nicaragua's annual budget. Former President Enrique Bolaños has sought foreign investors to support the project. The scheme has met with strong opposition from environmentalists, who protest about the damage that would be done to the rivers and jungle. The project would be like the original plans only in that the US government would buy the land for investors to start building the canal.
In addition to the governmental waterway canal proposal, private proposals have been based on a land bridge across Nicaragua. The Intermodal System for Global Transport (SIT Global), involving Nicaraguan and Canadian and American investors, proposes a combined railway, oil pipeline, and fibre optic cable; a competing group, the Inter-Ocean Canal of Nicaragua, proposes building a railway linking two ports on either coast.
In 1999, Nicaragua's National Assembly unanimously approved an exploration concession, Law 319,[22] for the construction of a shallow-draft waterway along the San Juan river, known as Ecocanal. This would connect Lake Nicaragua to the Caribbean, but would lack the inter-ocean link to the Pacific Ocean. This project is loosely based on the 1939–40 study.
In 2000, the government of Nicaragua granted a concession to Canal Interoceánico de Nicaragua S.A. (CINN), a company formed and led by New York attorney Don Mario Bosco, to build a railway "dry canal" connecting Nicaragua's coasts. However, CINN was unable to obtain financing to begin construction.[23]
It is possible that these schemes could exist in parallel to the proposed inter-ocean canal.[24]
On October 2, 2006, President Enrique Bolaños, at a summit for defense ministers of the Western Hemisphere, officially announced that Nicaragua intended to proceed with the project.[25][26] Bolaños said that there was sufficient demand for two canals within the Central American isthmus. He proclaimed that the project would cost an estimated US$18 billion and would take approximately 12 years to construct. It would take one of six possible routes at approximately 280 km, reduce the transit time from New York to California by one day and 800 km, considerably reduce transit costs from Europe to China and Japan, and have capacity for ships of up to 250,000 tons.
The construction of the canal alone would more than double Nicaragua's GDP (excluding other investments as a result of the canal's construction). Some sources suggest that construction of the canal would enable Nicaragua to become one of the wealthiest countries in Central America, and one of the wealthiest countries in Latin America in per capita terms.[27] The government has been studying proposals for such a development. Supporters believe that all of Central America would benefit from the construction of the canal. If a Nicaraguan canal were built, "it would bring an economic effervescence never seen before in Central America," Bolaños said.[28]
In 2009, Russian President Dimitry Medvedev suggested that Russia would be interested in pursuing the construction of the interoceanic waterway canal. However, no progress has been made to date and the construction of the Third Set of Locks for the Panama Canal has apparently dampened Russian enthusiasm for the project.[29][30] Khalifa bin Zayed bin Sultan Al Nahyan of the United Arab Emirates has also expressed interest in sponsoring an interoceanic canal project.[31]
On July 27, 2012, engineering services provider Royal HaskoningDHV announced[32] that the Nicaraguan government has commissioned a feasibility study to be completed in early 2013 at a cost of $720,000. The contract has been awarded to a consortium made up of Royal HaskoningDHV and Ecorys.
On September 26, 2012, the Nicaraguan government and a newly formed Hong Kong–based company signed a memorandum of understanding that committed HKND Group to finance and build the Nicaraguan Canal and Development Project.[2][3][33] HKND Group is a private enterprise.[34] HKND Group has now entered the study phase of development to assess the technological and economic feasibility of constructing a canal in Nicaragua, as well as the potential environmental, social, and regional implications of various routes.[33] The canal and other associated projects will be financed by investors throughout the world and would generate jobs for Nicaragua and other Central American countries.[35]
Initial findings by commercial analysis conducted by HKND Group indicate that the combined impact of growth in East-West trade and in ship sizes could provide a compelling argument for the construction of a second canal, substantially larger than the expanded Panama Canal, across Central America. Within 10-15 years, growth in global maritime trade is expected to cause congestion and delays in transit through the Panama Canal without a complementary route through the isthmus. Additionally, by 2030, the volume of trade addressable by the Nicaragua Canal will have grown by 240% from today.[36]
On June 10, 2013, The Associated Press reported that the National Assembly's Infrastructure Committee unanimously voted in favor of the project, with four members abstaining.[37] On June 13, 2013, Nicaragua's legislature passed the legislation granting the concession.[38] On June 15, President Ortega and the chairman of HKND Group, Wang Jing, officially signed the concession agreement giving HKND the rights to construct and manage the canal and associated projects for 50 years.[39][40] A HKND Group press release claims "HKND Group Successfully Obtains Exclusive Right to Develop and Manage Nicaragua Grand Canal for 100 Years"[41]
See also
that and people deliberately whacking to try to bring it down (like the 5000 shares at the bid at .003 only to run a minute later.
It's not really amazing, it's just been sleeping. Nobody has given it the attention it needed since about 2009, and the company doesn't really pump like others so...
I am not sure, i hope it means they are going to get up off their @$$ and do something. They have been accumulating projects and assets over the last 4 years while doing nothing to draw attention to it. So maybe its time for some awareness so they can move forward.
This company hasn't issued a single share of stock for 12 years. The authorized is 450,000,000 common. The outstanding is 436,000,000. So what's there to dilute?
Gotta get all the old flippers out.
100 acres at the Canal beginning in Nicaragua.
deals with pharmaceutical companies to offer discounts http://www.accreditedrx.com
travel portals http://www.accreditravel.com
web hosting and domain names: http://www.accredihost.com http://www.ninedollardomains.com
Owns 25% of patent for transcription software
Owns portion of Telecom Tools, which has a patent pending to improvements to telecommunication installation tools.
Do the DD here. It's like a big puzzle.
Mr. Bidwhacker 5000 shares at .003 to shake peeps out.
Mr. Blauvelt is apparently an investment group. Its unclear how many members, so it is possible and even legal for them to do so after the PR was issued.
This ran before over 2 cents a few years ago when the company had practically nothing and on the exact same share structure. They never diluted a single share.
I dunno about a penny today, but I definitely see some life in this hidden company. They have hard assets, and investments in other companies. ACDU over 100,000 shares of IAHL, maybe they are somehow involved. IAHL is an energy company and this Abraham company says they are focusing on energy. I don't know. Interesting.
Once we get some fresh blood with some enthusiasm!
SEC Filing Out appears to confirm the purchase: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9585114
New players onto the scene.
Up 100 percent in 5 minutes on a small amount of shares-- low float here, no?
Where's the carnage?
Who owns this company?
Is the reason they don't issue news because they don't want us to buy?
Is this a good stock?