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What I find aggravating is the reactive instead of proactive way "our" $$ money is being spent. Hiring lawers, company execs. time,etc being spent to bring the company to less than where they when this whole mess surfaced for whatever the reason was.
I hope that the company now has in place systems, programs, reminders, sticky notes, internal accountablity, etc to prevent this from happening again.
All this catch up work & expense woulda, coulda, shoulda done wonders if handled properly in the beginning and all this effort being spent on repairing the company's breach could have been spent on securing new business whether oil spill related or other ventures.
"...I have known Mr. Kidder for several years, he’s a nice guy, but all this praise about what a great CEO is bull. IMO Mr. Kidder couldn’t tie his shoes unless he was directed by someone to do so or hadn’t plagiarized someone’s work. He lacks attention to detail. He is simply a figurehead being manipulated by other associates...." quote from Watcher7
Do you truely know him or know of him? Your description is one of many a visionary. This does not scare me.
That is the one I'm talking about but that is their Miami office, one of 30+ offices, I think it was, I don't have the page up anymore.
They appear to be a lot more than a securities firm 1,800 lawyers, multiple offices, multiple practice areas. They are listed under the OTC pinksheets site as legal counsel. Maybe after all these up coming updates that will change. Know that does not mean that they are the firm handling this situation. My wife is the Director of Corporate Law in a Fortune 50 Co and they have one firm that typically handles their Labor & Employment work, another that handles litigation, etc. Another situation could be that the General Counsel has farmed the work out to local counsel to handle. I understand that ACLH is a smaller company but tha is how things can/could be happen(ing).
Those were just two blurbs from the first page of their website.
Also, it appears, according to the pinksheets webpage that they represent no other OTC companies, if I am reading it right.
and a little more...
K&L Gates Private Equity Practice Again Ranked One of Ten Most Active in 2009
May 7, 2010
New York- For a second consecutive year, global law firm K&L Gates LLP has been ranked as one of the top ten law firms worldwide for private equity and venture capital deals and fund formations by Dow Jones Private Equity Analyst. The publication’s annual ranking of “Most Active Law Firms” in the private equity area listed K&L Gates eighth out of 73 firms, with 276 private equity and venture capital deals negotiated and closed in 2009. In addition, the firm ranked seventh among firms for its representation of both general and limited partners, with 117 private equity and venture capital funds formed and closed.
“We appreciate Private Equity Analyst’s recognition of our growing private equity and venture capital practice, both in the transactional and fund formation arenas,” said Robert P. Zinn, a K&L Gates corporate and transactional practice area co-leader. “K&L Gates offers private equity clients ready and cost-effective access to global geographic and industry coverage, as well as a wide range of subject matter capabilities.”
To learn more about K&L Gates’ private equity practice, please visit the firm’s website.
Here's a little piece I found from ACLH's law firm website:
K&L Gates Again Among Top Three Law Firms for Trademark Issues, Filings
May 7, 2010
Pittsburgh- Global law firm K&L Gates LLP has again been ranked one of the leading law firms in the trademark area by intellectual property publications IP Today and CSC Trademark Insider.
In its annual survey of “Top Trademark Firms,” IP Today ranked K&L Gates third from a field of more than 200 law firms based on the number of trademark registrations issued in 2009. Consistently noted among the publication’s top 10 trademark practices, the firm was listed as legal representative on 1,020 issued registrations during 2009.
K&L Gates was also ranked second (with 1,382 applications) by CSC Trademark Insider in its annual “Top 100 Trademark Law Firms” report for 2009, based on the number of applications filed with the United States Patent and Trademark Office. This marks the fifth consecutive year K&L Gates has appeared among the survey’s top 10 firms.
In addition to its national ranking, K&L Gates also retained the honor of Top Regional Trademark Firm in Chicago, while K&L Gates Chicago partner Sana Hakim was again recognized as a top trademark lawyer, having filed more than 300 applications for trademarks last year.
For more information on K&L Gates’ trademarks practice, please visit the firm’s website.
52wk High....Date
$3.69...........9/3/09
Tis the season!
Played it last few yrs. Any other questions?
edit:sorry for the blue link. The system likes the word "date" just pretend it matches the rest of the line ;D
Tried to add to my position this morning pre-market limit order & recieved this msg:
Please contact your local branch about placing an order on this security. ???
Any thoughts?
how about a sticky w/ the patent info so we have at least a piece of positive factual info instead/along w/ the ones announcing the negative SEC stuff?
Does the fact that the patent expires in 2013 have any baring at all in our situation?
Agree, I 've been on the ride a few times already this yr and previous yr, I just fou it odd that no vol is showing, maybe it was Scottrade issue?..just ckd again & vol is now there.
ZERO volume after the Hurricane season report??? What'a going on?? Is BUGS being halted too?
The patent approx expiration date is in 2013, what happens then? Do you think that this technology was a known tio BP and the like and the spill created a true need for ACT tech prior to then and so BP or someone could br crashing the co so they can use w/o expense of paying big bucks to patent holder by distroying his company & then buying out at a reduced price to save the day?
A joint marketing relationship w/ PFSD, imo, shows some creativity and long term strategic planning. PFSD is right down the street for S C Johnson Wax, a family company, as they market themselves, has a few green products currently in there line-up.
Both of these companies could be a nice take over canidates for S C Johnson even greater chance with them using same distribution/ marketing platform as each other.
I have been & am in this one as a hurricane play.
I'm refering information posted today regarding events after the SEC action ie the radio spot in past tense.
Just went to their website and find it interesting that they have that pdf pr piece front & center along with the other updates as if it is kinda like business as usual.
It could be that they are doing this to prove that they are doing the best they can to comply w/ whatever the SEC request was that resulted in the suspended trading.
I know we have all been drinking from the same koolaid here but I see this as the company working hard to stay alive, and if it is true, as Kidder mentioned in his brief radio appearance, that share holders matter then maybe he/they are hoping for a buy out?
I'll join the no sell club w/ my small ACLH# position.
Oh & PSC has ACLH still on the front page of their web site also with links still but to all of their blasts.
picked up more shares @ .0023 on the way down to .0021. I think the 'cane stocks will get a boost next week after the June 1 seasonal outlook.
Good point, I was listening to the show and the way the question was worded by the host was "are you aware that your stock was halted this morning?" Kidder replied "no not aware." (paraphrased,by me) I think there is a possiblity of hearing the interview from the station's archives.
He could have been aware of pending action but not that it had actually happened this morning.
40,000 is a small trade maybe went thru before the halt was enforced I think it is a non-issue.
Agree,the Left Behind Recovery, LLC connection now makes a lot of sense. THey control certain wells in an area where their technology can pull left behind oil form wells using horizonal drilling.
Sounds fine to me, I'd be afraid of the jumpy host.
Terrible host, Kidder is doing the best he can and has good stuff to share. Talking about Green Rhino.
KIDDER did not know his stock was halted & is now discussing the R/S it was a plan to keep stock price over .01. WAS going to do but not currently planned.
Looks like it is up & Kidder is going to be there(via phone I think).
It is a local finance show.
Web cam reports how many viewers currently 280 waiting to hear the LATEST news.
www.wstu1450.com logged in and they have a web cam in studio so we might even get to see the show.
Current show is a bout sleeping disorders.
www.wstu1450.com logged in and they have a web cam in studio so we might even get to see the show.
Current show is a bout sleeping disorders.
Halted through JUNE 8th, I hope they get it together or we will need something to pull up all our shares of stock that will drop like an anchor. :(
ACT Clean Technologies, Inc. Updates Press Releases
0 minutes ago - Marketwire
Related Companies
Symbol Last %Chg
ACLH 0.0415 0.00%
As of 3:59 PM ET 5/24/10
ACT Clean Technologies, Inc. (PINKSHEETS: ACLH) (www.actcleantech.com) (the "Company") updates certain statements made in two recent press releases. The Company's oil fluidizer testing samples were delivered to the Gulf of Mexico oil spill region at the request of Ancon Marine, Inc., a marine services contractor with extensive experience in the use of the Company's Hard Surface Crude Oil Remover and a provider of services to BP in California and in the Gulf. The product information line cards are presently at the operations command center for further evaluation. The Company believes that prior testing and usage of its oil fluidizer by Ancon and other service contractors and its use in previous oil clean-up situations makes it an effective weapon in the clean-up of hard surface oil contamination.
Ouch, um, I was just pointing out the either (un)intentional data lag on the web pg vs tweets, thought was useful info w/ the activity, cc,etc involved w/ ACLH.
Tweets are paid($?$) subscriber base vs free website pp?
Hurricane, Oil Spill Could Be Troubling Mix
by Jon Hamilton
May 21, 2010
If a hurricane encounters the oil slick now covering parts of the Gulf of Mexico, the result could be devastating, scientists say. Not only could any hurricane increase the damage that oil does to coastal wetlands, but the presence of oil could lead to a more powerful hurricane, they say.
Nobody knows for sure, though, because there's no record of a hurricane ever crossing paths with a large oil spill.
Trouble Brewing
The Atlantic hurricane season begins June 1, and forecasters expect it to be busier than usual. Meanwhile, oil continues to gush into the Gulf of Mexico from the site where the Deepwater Horizon rig exploded on April 20 and sank two days later in 5,000 feet of water.
Since then, oil has been accumulating at the surface. And that could be raising the temperature of the surrounding water, says Kerry Emanuel, a hurricane expert at the Massachusetts Institute of Technology.
"You have this black surface, and it's doing two things," Emanuel says. "First of all it's absorbing sunlight. And secondly, it is curtailing evaporation from the Gulf."
Evaporation normally helps cool the Gulf waters, Emanuel says.
"So theoretically, the Gulf underneath this oil slick should be getting hotter than it normally would be." And hotter water helps create more powerful hurricanes.
It's hard to know if the water is actually getting hotter, though, because oil prevents satellites from taking accurate temperature readings.
Impact On The Environment
Environmental scientists are already predicting that oil from the spill will damage the vegetation in coastal marshes. And the damage could be worse if a hurricane pushed oil deep into a wetland, or into currents that would carry it down Florida's west coast.
"That's a big concern," Emanuel says. "Hurricanes would be pretty effective at dispersing [the oil] and pushing it around."
Other scientists say the amount of damage may depend on timing.
A hurricane might even be beneficial if it arrives before oil has a chance to damage coastal marshes, says Irving Mendelssohn, who studies coastal plant ecology at Louisiana State University.
"It's very possible that the hurricane will tend to both dissipate and break up the oil faster," he says. That could dilute the toxic substances and result in minimal damage to plants, he says.
But Mendelssohn says there could be more damage if the hurricane arrived after oil had reached the coast.
"Then the hurricane results in greater erosion of the wetland," he says, "because the wetland has already lost its vegetation and is already in a degraded state."
Marsh plants are hardy, and usually recover from a single encounter with oil, especially the less toxic type involved in this spill, Mendelssohn says. His great fear is that some combination of hurricanes, ocean currents and the ongoing spill will cover the same marsh plants with oil repeatedly.
"That type of re-oiling will completely kill the plant," he says, destroying the wetland, and leaving the coast without a key defense against hurricanes.
From: NPR's, All Things Considered, May 22,2010
Hurricane, Oil Spill Could Be Troubling Mix
by Jon Hamilton
May 21, 2010
If a hurricane encounters the oil slick now covering parts of the Gulf of Mexico, the result could be devastating, scientists say. Not only could any hurricane increase the damage that oil does to coastal wetlands, but the presence of oil could lead to a more powerful hurricane, they say.
Nobody knows for sure, though, because there's no record of a hurricane ever crossing paths with a large oil spill.
Trouble Brewing
The Atlantic hurricane season begins June 1, and forecasters expect it to be busier than usual. Meanwhile, oil continues to gush into the Gulf of Mexico from the site where the Deepwater Horizon rig exploded on April 20 and sank two days later in 5,000 feet of water.
Since then, oil has been accumulating at the surface. And that could be raising the temperature of the surrounding water, says Kerry Emanuel, a hurricane expert at the Massachusetts Institute of Technology.
"You have this black surface, and it's doing two things," Emanuel says. "First of all it's absorbing sunlight. And secondly, it is curtailing evaporation from the Gulf."
Evaporation normally helps cool the Gulf waters, Emanuel says.
"So theoretically, the Gulf underneath this oil slick should be getting hotter than it normally would be." And hotter water helps create more powerful hurricanes.
It's hard to know if the water is actually getting hotter, though, because oil prevents satellites from taking accurate temperature readings.
Impact On The Environment
Environmental scientists are already predicting that oil from the spill will damage the vegetation in coastal marshes. And the damage could be worse if a hurricane pushed oil deep into a wetland, or into currents that would carry it down Florida's west coast.
"That's a big concern," Emanuel says. "Hurricanes would be pretty effective at dispersing [the oil] and pushing it around."
Other scientists say the amount of damage may depend on timing.
A hurricane might even be beneficial if it arrives before oil has a chance to damage coastal marshes, says Irving Mendelssohn, who studies coastal plant ecology at Louisiana State University.
"It's very possible that the hurricane will tend to both dissipate and break up the oil faster," he says. That could dilute the toxic substances and result in minimal damage to plants, he says.
But Mendelssohn says there could be more damage if the hurricane arrived after oil had reached the coast.
"Then the hurricane results in greater erosion of the wetland," he says, "because the wetland has already lost its vegetation and is already in a degraded state."
Marsh plants are hardy, and usually recover from a single encounter with oil, especially the less toxic type involved in this spill, Mendelssohn says. His great fear is that some combination of hurricanes, ocean currents and the ongoing spill will cover the same marsh plants with oil repeatedly.
"That type of re-oiling will completely kill the plant," he says, destroying the wetland, and leaving the coast without a key defense against hurricanes.
From: NPR's, All Things Considered, May 22,2010
Big front page placement@ PSC w/ a click-thru to an article that has not been updated since last week. It refers to the "upcoming cc on FRI"
I think we need to look back at where this co was priced per spill & the huge run up it has made. I think where it is now & holding at these prices is actually a show of strength.
We have not had any truely new info beyond our (share holders) speculations.
Nice summary, I was on the cc also and Whisper Number's summary is right on. Any other ppl mention about announcements are false.
I was on the call & heard the apology and and PR announcement in the next cuople days...why don't they PR the news now.
The beginning of the call where they were reviewing previous info PR in typical of these calls even a Fortune 500 Co runs it that way. The rudness on the call didn't allow new info out or a real q&a.
Long and staying
.
I agree, sounds like a bunch of guys jabbering on a CB radio. I am ammased at the disrespect here.
345 ppl on the call...just shut-up & listen guys...can't they just mute everyone?