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I just dialed this number and got an answer. A woman answered "hello," then spoke in a foreign language that I didn't recognize. I made the call shortly before 1:10 am, Saturday, May 12. I tried calling back and when I said "hello" I was hung up on. I call this number about 2 months ago and got the vmail recording in French saying "Alcard" and then the Dr's voice saying his name. Jersey, you should give this a try in the wee hours of the morning when it is in the afternoon in SEA:
1-514-402-3665
Don't any of you guys do DD? It's been there forever!!!
Get a map and follow the instructions given in the biz plan. Pay particular attention to the proximity of the railroad tracks and direct access to highway 30.
Buzz off, with your noise. Support at 03! Lower trend line at 032. Get a life basher! I did start flipping with a portion, though. Might as well make some dough while we wait. Hell everyone else is.
LMAO!! Good one, lol! Send like 100 everyday!!! That ought to get their attention. That's something we could all pitch in doing. No wait, then they'd shut the thing off.
ezx, I'm already on it from that standpoint!
Me thinks (in my gut) there is a snag with the TA FST and they are trying to work something out, IMO.
My birdie says middle of June.
Well, as I posted before, if the deal was done on the 7th, they have until COB today to disclose ALL of the particulars and 8-K!!! That leads me to believe that the deal did NOT close on Monday and ACMG is still a "blank check" company that is not bound by the SEC to report anything unless and until the deal falls through. If the deal falls through that is a material event that is inconsistent with the last PR dated Mar 19, and I would think, he was no longer "gagged" or bound to a quiet period either.
Not nearly impossible if you consider there are probably only about 45-100 retail shareholders. I think you exaggerate the problem, also.
"You cannot 'certify' the FTD shares in a literal sense as they are already IOUs for certified shares, basically."
True, but you can deliver 'real' shares and satisfy the IOU by pulling them out of the treasury, which, BTW, after the restructuring 250 million authorized shares would then be issued and outstanding, anyway.
Then consider the "buy back" and how many phantom shares that will pull out of the market.
Me thinks you are making this harder than it really is.
And how do you make good on an IOU? You deliver something.
So, MP, are you now saying it is NOT so absurd afterall?
My scenario would fit this. I don't think it absurd at all. Just take the FTD shares, certify them and reissue them as ARTL.
The stock price for the dilution is already factored in, IMO!
correction: ",...they WOULDN'T need to increase the number of authorized shares initially..."
That's just it, they would need to increase the number of authorized shares initially, just the number of issued and outstanding shares. If you look at the biz plan and FAQs, it already states that after the "restructuring" of the financing, the amount of issued and outstanding would EQUAL the number of authorized shares; that of 250 million.
Get where I'm coming from?
I think everyone should look at the filing requirements for the 8-K:
http://en.wikipedia.org/wiki/Form_8-K
Lokk at the very first thing on that list. Even thought ACMG is not bound to 8-K requirements because they are still a "blank check" company, the Doc made every effort to PR those things that would be required of an 8-K filing, namely; MOU; signing of MDA; intent to "buy back" shares; intent to deal with unregistered shares.
If their is no change to the MDA, but the deal is NOT yet signed, I think we may need a PR stating such to stay within the guidelines of a NON "blank check" company. However, if the deal is NOT yet signed, the SEC does NOT require him to PR to indicate that failure unless the deal is NO longer valid.
Personally, IMO, after doing all of this research last night, I think the doc did pretty well staying on top of the biz end of things trying to stay compliant, however, I do think he got in way over his head which was a huge distraction to him and his execution plan.
Draw your own conclusions.
So, prado, maybe they are NSS under a controlled environment until the correct number of shares is reached?!
Pretty wild, huh!
I think I may have a solution for that too.
1) ACMG is a shell or "balnk check" company that can be used for a reverse merger to bring Siam public.
2) In the PR, it said that for every share held of ACMG, a divvy share of ARTL would be forthcoming.
3) To accomplish #2, you need 2 times the number of shares of ACMG that are available; dilution already accomplished by NSS.
4) Once the merger is completed, cut ACMG in half and create (spin-off) ARTL.
In essence, you do a 2 for 1 split then spin-off ARTL, each getting an equal number of shares. The MMs and TA already did the work, LOL! The only thing left is to certify the uncertified or "phantom" shares.
NO, but the phantoms that were created (SAT) are still outstanding, hence the continued showing on Reg SHO; those need to be covered (bought back by FST.)
Interesting to note that the Accum/Dist on the chart is still climbing, however. We are under accumulation NOT distribution. Check the chart; accumulation "on the cheap." This is encouraging to me.
I am putting together a script for when I call FST. I will be very vague and indicate that I just need some information on how they would handle a "similar situation" such as BHUB. The more generic the questions, IMO the more likely they are to answer.
As did I, today. However, the meat of my email was the following:
Date: Thu, 10 May 2007 19:22:04 -0700 (PDT)
From: <jenthico@yahoo.com>
Subject: What's up doc...
To: "Steven Sung" <ir@alcarchemicalsgroup.com>
Have you filed your 8-K? Is the merger transaction complete. If you closed on Monday, May 7, a PR to that affect plus all the financials pertaining to SREG are due by COB tomorrow:
http://www.duanemorris.com/alerts/alert1921.html
Xxxxx Xxxxxx
***************************************************
I am now going to divulge a bit more from my "birdie" since I now am starting to understand the song it has been singing. If we get a PR/8-k tomorrow, then the deal closed on Monday, however, I don't think the deal closed. Reasons:
1) SAT (currently FST) would not disclose any information regarding the number of un/authorized shares circulating in the market. That is supported by the fact that ACMG is still on Reg SHO. Apparetnly, ACMG owes SAT money and ACMG is unwilling to pay, for obvious reasons.
IMO, a deal must be worked out.
2) AST&T will be the TA for ARTL (the acronym,) but because of #1, the deal is not yet closed and the divvy will not be issued until such time.
Assumption: A "gag" order of some kind must be in place until the parties can work out a deal re: the phantom shares. This would prevent halting of trading by the SEC which would really scare the bujeezus out of everybody. I will call FST (new mgmt) tomorrow and see what I can come up with WITHOUT mentioning ACMG by name. I might be able to get some info re: how they plan on resovling phantom shares issues, etc.
3) Again, I will post a link regarding the "quiet period" as has been mentioned many times:
http://en.wikipedia.org/wiki/Quiet_period
If you so desire, follow the link to registration statement.
4) Blank Check companies:
http://en.wikipedia.org/wiki/Reverse_merger
http://www.sec.gov/answers/blankcheck.htm
Again, if you so desire, do some digging on reporting requirements for blank check companies. There aren't many if the NAV is less than $5 million and shareholder number fewer than 500.
I think the implication is IMMEDIATELY upon closing!
This is what we are dealing with, IMO and the "quiet period" applies. Go back to my SEC post today and notice it says, "blank check" companies.
My answers will be public. Rest assured, pete and I have a line on that.
That's the thing, this isn't an IPO. No red herring prospectus, nothing, but a new company and a little hint at structure.
I have played around with this for awhile and the only thing that makes sense to - me given the Dr's disdain for pinkies and the R/M with Hackerproof - is avoiding trying to find another "clean shell" to R/M ARTL into. Which leaves only ACMG.
An R/M into ACMG and then a spinoff makes the most sense to me and actually explains the share volume we witnessed previously, post divvy PR.
In a sense, I am agreeing with Tomstocks to a point in that they ditluted the float and O/S by a double, but will then reissue half as ARTL.
How many at .39 on the ask?
Yes. I think our DD supports that as well, wouldn't you agree, pete?
I think any attempt at trying to contact principals, IR, etc., etc. is a vain attempt. Any and all companies that plan to do business with ACMG in the future have also been notified of the "gag" and unless they want to lose ACMG's business, they will keep "mum" too.
You may stumble onto some things, but getting a direct answer or even contacting anyone will be an exercise in futility.
Trust your instincts and your DD.
Patients is all we have left to be tested.
Is anybody getting market depth data on any LII system? If you are, could you please show like the first 8 rows?
TIA
Are these buys or sells @ .04?
TD Ameritrade isn't either. Wassup with that?
What about the doji. Also, I think many are viewing today as the "last day to PR and stay within SEC guidelines," which, IMO is complete malarky. If in a quiet period, that rule would trump the PR rule anyway, if there is such a thing.
Well, that's your opinion and you are entitled to it. But like I said, that's your term/agenda not theirs. I think they have bigger fish to fry and an obligation to the long term investors first, rather than newcomers.
According to this SEC link, there is no time limit set for quiet periods:
http://www.sec.gov/answers/quiet.htm
It does state that the new rules enacted Jul 2005, do not apply to penny cos:
"A number of these new rules include conditions of eligibility. Most of the rules, for example, are not available to blank check companies, penny stock issuers, or shell companies."
When I Google "quiet period" and check on some attorny sites, I get varying lengths for them ranging from 25-90 days. Since the quiet period commences on the day the co files for SEC registration and is lifted upon approval, logic tells me that any snags encountered during the registration process must be untangled before the SEC approves the registration.
Draw you own conclusion. IMO, the 25 days was just a guideline and it can extend out until the SEC says it is complete. The last PR covered everything material without the need for further PR. IMO, this was done in anticipation of the quiet period without further PR requirement. The deal signing in AC's own words was "imminent." No need for PR to say the deal closed when they already said it would.
Again, everybody has placed their own expectations of what they think should happen within their own timelines without knowing all of the facts and/or rules. It amazes me how many people will jump into a company without proper DD and no real knowledge of SEC/NASD rules re: quiet periods, stock/cash dividends, cert delivery, Reg SHO, etc, etc. Uninformed/uneducated investors tned to lose the most $$$ and blame others for their loss, when it was just their ignorance that caused the loss.
Many have criticized me for being a pumper (and even a basher,) but where ACMG is concerned, I see nothing of serious consequence that is cause for worry. When something happens that I can't find a rule or logical explanation for, I will worry; that has not happened yet. Until I do, I will err on the side of caution, but lend the benefit of the doubt.
Qaz, I find no missteps here, only deal making behind closed doors and the desire to get listed on a higher exchange. When all of the pieces are in place, we will know IN THEIR TIME, not ours.
Iseem, even though you were asked to stay, don't you think a dose of humble pie is in order?
I for one don't trust you and certainly won't believe you when you start waving a flag again; I didn't believe you this time anyway. You can only cry wolf so many times and you've done it at least 3 times that I can remember.
Bro-in-law, AC's girlfriend or not, your track record speaks for itself. You only answered my first email and I sent you several others after the first to which you never replied.
Are you serious, Pete.
Oh now, let's don't go there. I suppose he has an IQ of 200, too? LOL!
Why does everyone insist on PR on their terms and in their timeframe? Why doesn't everyone just relax and do something constructive. Call the new mgmt of SAT, try to get your own confirmation of the new T/A. All this speculating and wondering and "dissing" only shows one thing; lack of DD. I believe that everything happens for a reason and THERE IS A REASON FOR THIS SILENCE.
If the Dr. was on the up and up before the last PR and a decent, honest man, do you expect me to believe that in 2 months time he has turned corrupt and thrown away his dream?
Apparently many of you have never had a really strong dream to which you commited your life's blood.
The new T/A, although, unverifiable by many is confirmed by me, pete and hubluv. Sorry, that is not good enough for you, but it is for me. Iseem, made a prediction and got bit by it and I am glad. I would rather everybody be on the same playing field here and no one have an edge.
Currently the attitude on this board makes me believe that even if a PR came out, it would be dissected, molested and protested because it just didn't say the right things and we'd be right back where we are now; WONDERING.
Show me the proof Doc, don't just talk about it!!!!!!!!!
Have you emailed Iseem?
Apparently, you think Iseem had something to do with yesterday's action which is truly naive.
Did we get one?
Pet peve: Trying to predict the day's action or when something is going to happen.
ML8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
So, what do y'all make of these subtle hints?
No we don't! We need pps. That's all the proof we need.
Show me, don't tell me.
Actions speak louder than words!
So why you here bashing, to help the rest of us and save us? Get lost. You ain't nlightn-ing!