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.
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.
"Then one of three things have happened: 1) there was no such call 2) the IR guy does not understand the ramifications of being suspended, or 3) he's lying."
"Or 4)they are providing all the required info to the SEC and the market and all is just fine."
1.) the call was plausible because I received a call from IR in response to my voicemail. I had spoken with him in the past, so it wasn't a a shot in the dark on my part.
2.) That's possible. I emailed IR the info on the form 211 required to resume trading. I don't know if a thorough and completely satisfactory response to the SEC's concerns negates the form 211 requirement. I assume that the SEC is mistaken from time to time.
3.) It's possible. But to what end?
4.)The actual statement was "all that the SEC asked for AND more....proof of business with companies mentioned in offending PR's and with other companies".
Even if #4 is accurate, we don't know whether or not everything will be just fine.
One last point. Your degree of belief in anything you read on these boards shoud be inversely proportional to the certitude expressed by the poster. We've ALL seen evidence of the validity of that 'theorem' as it applies to this board.
"What Makes A Man Or A Women / Is How We Handle Ourseleves / We Can Handle The Good Times / This Is Where Our Character Is Tested / Either We Pick Ourselves Up Or We Will Just Complain"
Lou Mannheim: "Bud... Bud I like you. Just remember something. Man looks in the abyss, there's nothing staring back at him. At that moment man finds his character. And that is what keeps him out of the abyss."
Hopefully ACLH stock will be staring back at us, and tradeable, on /6/08.
"Where is the PR?"
What part of "legal advice to STFU" did you misunderstand?
"A legit company would've already given a PR in light of recent events and their word from already failed CCs'
Considering that their suspension is largely due to statements in their PR's I'd say they're getting sound legal advice to STFU.
"You mean like the Caveat Emptor on Pink Sheets"
That's actually the name of the finance majors' fraternity and sorority on the very same campus. The only non-Greek name in the fraternity/sorority system.
"I would be surprised if the MMs didn't want a piece of this action when/if it trades again with millions of shares changing hands daily."
Interesting point. Partly dependent upon a clean bill of health from the SEC and mostly upon whether of not any contract for business with ANY company is inked and announced by ACLH over the next 8 business days.
"Anyone think management was behind the cc problems?"
I do not. They all had their spiels ready to go and the quick reschedule further suggests not.
When I called in today I was told that they had over 300,000 people phoned in on the 2nd CC, which was way beyond expectations of ACLH or the CC service provider.
MAYBE an SEC rep was on both calls and concluded that ACLH should be suspended on 'general principles'....for not being able to conduct something hundereds of companies successfully conduct every hour of every f*ck'n day!
"They say the statements made previously RE BP, etc. are true and we have no reason to doubt this.'
His reply is entirely consistent, in both content and tone, with what he told me during his phone conversation with me yesterday.
Left unstated by me was his statement to me that the "largest single investor in ACLH was also unconcerned about the suspension of trading."
Now of course these statments beg the questions as to whether or not ACLH was truthful in their statements to Mr. Andrews, whether or not he appreciates the seriousness of a suspension regardless of a company's belief in its case and whether or not the largest investor can wait till hell freezes over before ACLH trades again. Deep pockets have staying power.
Everybody is free to believe which way this is going to pan out.
Categorical statements that it will or will not work out favorably for ACLH investors should be treated with equal scorn.
And last I checked, we have NO back orders on scorn on this board. Shelves are full!
"trading shares of stock on eBay is illegal."
So then that would be appropriate for ACLH shares?
"Has anyone reached the company?"
I spoke with a person at ACLH 20 minutes ago. NOT the IR person nor the receptionist. This person indicated that ACLH's attorney has instructed ACLH personnel not to say anything. He further stated that "there will be a PR when they have information that will be helpful to shareholders". This confirms my surmise that a "quiet period' is a legal strategy that will prevent possible further actions by the SEC. After all, it is ACLH's previous statements that are under scrutiny.
Maybe the attorney said, after the conversations with the SEC, "everyone now just STFU! There is NO upside in ANY of you communicating anything based upon recent communication 'events' ". That advice alone is worth whatever the attorney is charging ACLH!
"Sounds like it may be a little more intense then some realized."
Not anywhere near as intense as following a certain suspended from trading oil clean-up stock.
Cartoon texter looks like she's an ACLH holder texting WTF!?46800
Very nice. But you need to get a texting cartoon for that first step.
"Maybe you misunderstand me, I want the SEC to publicly say there is nothing wrong with ACLH."
I don't misunderstand you. I was making the point that ACLH BELIEVES they satisfied the SEC, and NOT that the SEC indicated that THEY were satisfied. I assume corroboration of documentation from the other parties involved in the claimed testing and claimed testing results will be sought by the SEC.
"I really should go outside and get some exercise....... "
I took a furious bike ride, in both senses of that word, after the radio interview and before my conversation with Left Behind.....
You really don't want my cardio-pumped mind cross examining you if you're not prepared to tell me the truth.
" want the SEC to say they have been satisfied with what ACLH can provide."
I nailed that down with "During that meeting the attorney furnished the SEC with answers and documentation that ACLH
believes satisfies the SEC's expressed concerns that led to the suspension in trading."
I specifically asked WHO was satisfied. Most of what I posted came from answers to very specific questions. I'm not a lawyer, but I play one on these boards and with THIS company most particularly.
"As I am sure Glenn had time to call you back, they have time to update the of the scammed shareholders with this information right? :)"
He's the innocent, seemingly unconcerned, non-shareholder, president of the company that has the joint venture with ACLH.
Please don't conflate what seems to be a professional gentleman with what has transpired over the past few days.
" don't mean to doubt your post but how were you able to
gain personal cell phone # of LLC CEO ?"
An earlier post furnished the info below. A woman answered the phone # and she gave me his number.
Glenn Andrews LEFT BEHIND RECOVERY, LLC
Address: 41 YELLOWSTONE RD LULING, TX 78648 (830) 875-6374"
"What's LEFT BEHIND RECOVERY, LLC.?"
In additon to the oil bidness, they will be involved in recovering articles of clothing and property that those who are 'raptured' will of necessity leave behind.
While it is estimated that far more people will be left behind than 'saved', there are still expected to be sufficient numbers of 'saved' to create an excellent 'salvage and sell' opportunity.
VERY IMPORTANT POST, IMO.
I just completed a half hour call with Glenn Andrews, president of LEFT BEHIND RECOVERY, LLC .
He was kind enough to respond to my voicemail and he told me the following:
He was assured by the principals of ACLH, Kidder, Anderson and Shipley that ACLH and their attorney had a two hour phone meeting with the SEC this morning.
During that meeting the attorney furnished the SEC with answers and documentation that ACLH
believes satisfies the SEC's expressed concerns that led to the suspension in trading.
Including:
1. Tests were conducted by BP
2. Results were reported as favorable by BP
3. Documentation to that effect was furnished to SEC.
That is all that Andrews knows. Because of what he was assured he does NOT feel that the
stock will be adversely effected when it resumes trading. That's HIS opinion. The joint
venture remains unaffected by this SEC issue.
(Andrews also assured me that "Kidder was blindsided by the SEC question" on the radio interview and that
Kidder received notification of the suspension in an email after the question had been asked.
We're looking at about 8:20 PDT for that email. Take it or leave it.)
Neither Andrews nor I know whether or not the SEC can or must lift suspension before the specified
period if documentation satisfies their concerns.
Now, please understand that this is the extent of my conversation with Mr. Andrews and there is nothing I can add
no matter how may questions any of you post. And no, I will not share his cell # for the simple reason that
I don't want him besieged with phone calls from ACLH investors who he won't be able to say anything more to than
he said to me..
I asked him if he would give me a call if he learned anything further that was not PR'd by ACLH. he indicated that
he would do so.
Sure, I'm skeptical about ACLH after the disastrous CC's and the suspension of trading. But I do feel somewhat
better after the phone conversation indicating that an ACLH attorney is communicating with the SEC.
Andrews is NOT a shareholder, but he "has a direct line to Kidder" and he has no impression or
evidence that the situation is other than described to him and recounted by me.
Get over the notion that this some kind of MM or basher conspiracy.
Here is the SEC posting
"It appears to the Securities and Exchange Commission (“Commission”) that there is a lack of current and accurate information concerning the securities of ACT Clean Technologies, Inc. (“ACT”) because of questions regarding the accuracy of assertions by ACT concerning, among other things: (1) British Petroleum’s purported expression of interest in using a so-called oil fluidizer technology purportedly licensed to ACT’s wholly-owned subsidiary, American Petroleum Solutions, Inc., for use in cleanup operations in the Gulf of Mexico, and its purported request that field tests be conducted on the oil fluidizer technology; and (2) the purported results of field tests finding that the oil fluidizers are effective for use in clean up efforts in the Gulf of Mexico.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company."
Interviewer indicated he had a memo about the halting of trading.
Kidder: "I didn't know about that"
Said "not going through with reverse split....didn't want to break good will with investors"!!!!!!
Now he's talking about BCLE.
"They are late!! Whats going on?"
It's a visual re-creation of the last two attempted CC's!
"Great...hopefully they get it straightened out."
They did:
Thank you for this info. Just so you know, the new phone and area codes for keyword BLINDS were entered this morning.
Pat
Go800
"SEC Suspends Trading In Act Clean Technologies >ACLH"
SOMETIMES that is done when there is pending news. Not saying that is the case. Could be that an SEC member was on both failed CC's and is pissed!
"My exact thoughts. How are they going to mess this interview up and blame it on those unruly shareholders that pay this POS's payroll. Since they dont sell any product they survive selling shares.
Flyers over Hawks in 7"
I noticed this on the radio web site:
Call us Live on Air
1-772-340-1590 Thursdays 6:05 PM till 7:00 PM
1-772-220-9788 Tuesday 10 AM til 11 AM
The Hawks are NOT your Bruins or Canadians. Doubtful Flyers would have gotten past Sharks.....OR Vancouver.
Hawks in 5.
"Does his mean you can hold a keyword hostage? Say you can't get a generic keyword signed but you believe in another 6 wks you may but at the same time another ambassador has a customer desiring that word, ready and willing to pay. Is this a "too bad, that's MY word", kind of thing???"
This is the sentence that preceded your quote of what I posted. I was referring to not throwing my reserved BRANDS back into the pool: "So now we're down to individual Ambassador initiative and sales creativity. I can't place an artificial time constraint/deadline on my 'brands', after all those brands belong to the branded company."
I will take a more agressive approach with generics, going from one company to another in the SAME AREA CODE. Remember, if a genreric is not a $10,000 National Purchase it's availible by area code.
"might be worth mentioning to Ike that the keyword found at this site does not work - http://www.blindsbygraber.com/ "
Thanks,
I just emailed the info to one of the administrators.
"Free UNTIL June 1st....therefore not free after that...however, as Ive shown in earlier posts they are in discussions and evaluations an dso forth and most logically some further lee way and grace period may be a part of negotiation to bring Big companies on board if necessary. However, as stated Until June 1st, so dont expect free bee or grace period to be very long....two weeks I figure max...."
"....two weeks I figure max......" You're guessing.
"as for brand like coke, walmart, etc....Im not 100 percent sure if they can be bought by another but I think they can. This is why Ike has registered all these fitting keywords so that when contacted before June ( as much discussions are ongoig for months) they will likely want to buy it to reserve it so no competition or avg Joe gets it bought and they miss it or have to buy it back from Joe....Like domain names....
You're wrong:
1. Brand & Trademark
Brand & Trademark words can only be leased by the brand and trademark owner. Documents certifying ownership will need to be supplied upon request. Brand and Trademark Words will be leased at a monthly rate of $500 for USA nationwide coverage.
"Are you not an ambassador? could you forward this on to the proper people or person!!"
I will be speaking with Ike tomorrow morning on another matter.
I can assure you that none of what was written on this board as though it were offical policy has been communicated to Ambassadors.
I will ask Ike what that policy is going forward and that he communicate if formally to the Ambassadors.
Is this your opinion, or is it something 'official'and factual from GOIG managment that you are relaying?
8) "Comapnies that are in trial now actually will be contacted to see if they want to pay come June and if not they will not receive full free service. They will receive a grace period in which to sign up, and meanwhile their word will remain active. After the grace period of two weeks they will not be connected any longer if they don't pay but rather the keyword will link to the GOIG system stating a thank-you message and that the word is available. Please tell your contact that you would like the Go800 service.
9) Any keywords not signed and paid for after the grace period will be free game to anyone who may want to buy them. Therefore it's a little pressure on the Big companies to sign and pay if they want their keyword or brand word. They wont want to miss out on their brand. Example Coke, Pepsi, Walmart, ...just like when people used to register domain names to sell to companies and make money...so they could register keywords and maybe sell them down the road. Maybe even at a reduced price to those who just want to'park' the keyword until it is"
Yeah, my first thought too was how can THIS one blow up?! "Rescheduled at later date: Bill involved in auto accident on way to station."
ACT Clean Technologies, Inc. Executives to Appear Live on the Bill Chippas Radio Show on Tuesday, May 25, 2010 at 10:00AM Eastern Time
"If Whoopi shows up at this one with Arnold...to da moon!"
In any case, one more shot at some 'cheapies' falling from 'weak hands' will be appreciated!
"So it sounds like advertising WILL start on June 1, 2010 if you are a paying member!"
NO such inference can be made. Some will be ready, some not.
Web site is the easiest route, other paid media with lead times may be problematic for a June 1st start.
"Unsuccessful conference call yet the PPS went up."
Two more such CC's and we'll be over .06!
"I am a business man! And if my competition had free time while I paid!!
That would not be good because I would be MAD AS HELL !!"
Let's try and resolve this question. What exactly does 'free time' entail for any company not incorporating their brand or generic key word into their marketing? The only texts that they're going to receive will be from Ihub board members who learn of them and want to 'try it out' and maybe some employees testing it out.
Conversely, NO one is going to pay and NOT market the service.
Speaking as an Ambassador I can live with an ideterminate period of time before advertising appears and my request for a signed contract is presented.
The appearance of advertsing/marketing through TV/radio/website or print is the tripwire for me to ask if that indicates a 'trial' and how long they plan to run it. I will indicate that I will need a decision from them at the conclusion of that trial and that in fairnes to paying customers it can't be an open ended trial.
I expect that Ike will provide his own guidelines very soon.
I will recomend a 'hibernation period', for those reseved brands and generics who indicate "not at this time", that will preserve the brand or generic for the Ambassador for up to 90 days and that will require inactivation of the service during that hibernation. Hibernating companies will count against the current limit of 100 brands/generics in the Ambassador's data base, which means we'll all be faced with how much 'dead weight' we can carry while foregoing other opportunities.
Obviously this is an evolving situation and these are my possible solutions and not offical GOIG policy.
"What everyone here needs to realize is there is a reason for NOT deactivating the non-contracted keywords come June 1."
Thank you. I overlooked one of THE most obvious points.
My birthday if 5/31. Send me a prospect!
Geminiguy
"The inference MUST exist. WHY would any companies CONTRACT AND PAY if others were still able to use it for free???'
Sorry but you made an assertion about what your THOUGHT was stated and not about your inference, which is anything BUT certain.
Some companies are ahead of the curve in seeing the benefits. Why would they care about what others are doing? 'Using it' implies getting the word out. Any ambassador who can't see evidence of that and move that company to a business decision won't be around for long. You are assuming more open-endedness than I believe will actually occur.
"GOIG said all companies would be either paying customers with GO800 service access or potential clients without it come June 1st"
Can you show me that as a quote? Or was it simply that billing would begin for contracted companies, as I recall.
"What exactly does "reserved brand and key words not signed to contracts" mean? Are these words that Ambassadors have entered themselves. Not all of these companies with "reserved keywords" reserved them themselves, right? Somebody else just reserved them right?"
You are correct for most of them. Can't rule out some self-provisioning at the web site. But I don't know if that 'signup' activates the words or whether Ike or someone else follows up with those. I do not see any billing info entry capability.
http://go800corp.com/custom_form.go?custom_form_id=55956&referrer_url=
"Who said they can't advertise during this "EXTENDED" test period?'
NO one. I would take advertising to mean that they are giving a serious ROI test to the service and I would ask them for a time frame for a decison. You can be certain that they either have such a time frame or that I will suggest one, beyond which I may not be willing to carry them as 'active'. Lotta judgement calls going to be required from individual Ambassadors.
By the way, Microsoft? Just a guess, NOT going to be turned off anytime soon!