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Which Companies File Reports With the SEC?
In general, the federal securities laws require all but the smallest of public companies to file reports with the SEC. A company can become "public" in one of two ways — by issuing securities in an offering or transaction that's registered with the SEC or by registering the company and its outstanding securities with the SEC. Both types of registration trigger ongoing reporting obligations, meaning the company must file periodic reports that disclose important information to investors about its business, financial condition, and management.
This information is a treasure trove for investors: it tells you whether a company is making money or losing money and why. You'll find this information in the company's quarterly reports on Form 10-Q, annual reports (with audited financial statements) on Form 10-K, and periodic reports of significant events on Form 8-K.
A company must file reports with the SEC if:
it has ***500*** or more investors and $10 million or more in assets; or
it lists its securities on the following stock markets:
American Stock Exchange
Boston Stock Exchange
Chicago Stock Exchange
Cincinnati Stock Exchange
International Securities Exchange
Nasdaq Stock Market
New York Stock Exchange
Pacific Exchange
Philadelphia Stock Exchange; or
***its securities are quoted on the OTCBB.***
HERE IS MY CORRECTED INFO, AFTC ALLREADY FILES REPORTS,
all is well.
Ok, thanks
I just checked the oct 2010 report, it says as of June 30th 2010
shareholders of record 250
so we are NOT at the OTC register number yet,
I do remember the share holders were 168 in 2009,
so maybe after a big pr release, we may get to the 500 # and the update
thanks
thanks for the update, but I still do not trust...buyins.net or believe the report. 1. Does anyone on this post have an accout that lets them short a pinky? 2. Is there any real proof that aftc was, is , can be shorted? 3. I still think it was the 390 millin shares the company Sold... by dilution,(just like a short seller, they sold and did not relpace them... legally) did steady for 12 months.
and buyins.net got paid (still by whom...?) $12,000 to give us advice to help us? pls...lol
The same person sent the same email out last May, which is another $6000 for a total of $12,000 paid to buyins.net so far for emailing everyone with this data. 1. As far as I can see, it only shows the 390 million share dilution that was done to raise captial after they announced it last year. 2. I emailed the intelli guy to ask Why does AFCT let this type of email be posted on the aftc website when they do not back it? 3. How can this pinky be "shorted" when my broker,(sct trd) has any penny stock blocked from short selling? 4. IF so, which brokers permit short selling? 5. and do any of Them permit Naked short selling? (borrowing long term peoples shares from the broker...and dumping them on the market... then NOT buying any shares in the real market back to give them back to the broker...) Their whole point to sell short is to get our cash out of this stock,(naked short sellers) which artifically pushes the price down and then they (regular shorts) buy really low. Since this is a pinky it will attract this type of m+m, but is it really from short selling and which firms permit it, If that is what is happening? I seem to think most of it was from the dilution. Then the short term speculators. Then the day traders. *** Some good news... on the otc.gov link about pinks, it says any co with over 500 shareholders HAS to register or something like that. I think I saw in the last oct 28 2010 report that I listed over 500 for shareholders, so, Maybe AFTC will have to get registered after all. Let me know if I am mistaken but good luck...IMHO
DISCLAIMER:A third party <AND WHOM MIGHT THIS BE???> has paid (buyins.net)$995 per month (TOTAL $6000) to purchase data to be provided in six monthly reports.
Anyone read this part... at the BOTTOM of their email?... and notice they sent this email, right after the PR ... to try to scare any holder that did not sell on the pr to sell from here on out... and why do they want you to sell? So THEY can get your shares... AFTC must be a good company if it is getting this p+d attention.
here is the complete disclaimer...
and AFTC has NOT approved the statements made...ect
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. A third party has paid $995 per month to purchase data to be provided in six monthly reports. AFTC has not approved the statements made in this release. Please read our report and visit our web site...
The shorts will get tight soon...lol
One day the shorts will be sitting... left out in the cold for a few quick dollars...lol Because,1. the shared number is stable now, 2. they have MORE business then they can handle... 3. They have guaranteed gov sbir $ and sales after the product is ready.. and the military is the Largest user of fuel in the USA... they said they already have investors lined up for production and 3. ...are doing production analysis right now for product cost/ marketing pricing... the election will be over soon, and no matter who wins, there is a better chance of something getting done in the green area, plus the world energy conference it coming up again, even if it does not accomplish much, it still brings interest. So, no wonder the shorts are dogging this stock again... they are out and Maybe they will get stuck out this time. A lot of things are going to happen in seven days since the two PR's, new investors last week, maybe some more new investors after they look at it this weekend, and the election. This co has so many areas that will bring in revenue, it is awesome. And pls, never question the ceo's integrity. It is the pinks, not the co. Everyone in for the long, relax the worst is OVER, and let the shorts cry... sooner than later this will be out of the mini pennys and we will be rewarded for our patience.
They have the prototype Army Pump already made,
and currrently they are doing Accellerated testing for wear... not sure how long thoes tests take, when completed, they may do another upgrade, but if none is needed, they will go to phase 3. And that is why they are working on setting up production now. As soon as the final pump is ready they can try for phase 3 and start manufacturing them to sell to the army and public.
I am thinking by Spring of 2011 for the army injection pumps
and I did not know China was "testing" the dme fuel pumps... thought they were just waiting on funds and pricing until they ordered?
Seems everyone wants to build their own dme parts until they find out how difficult it is to run without the special experience mr mc has! Then they get real and look at aft's proven products.
Is their going to be a 3rd army contract part b? ( another major one?)
Bye for now, everyone have a great, safe weekend!
Here is my guess on pump sales...
1. My guess is China will put in a regular prodution order first, in Dec, for 2011 use (give the co time to make them for Spring 2011 shipping)
2. My guess on the next army sbir is Dec 2010, June 10 + 6 mos standard timeing of past sbir's.
3. When does everyone think that DME ? AFCT technology will hit the USA public news? I was thinking the big oil powers in DC were holding it back, but as soon as the President can get it out! / My guess is it would be an exellent example of USA green technology being #1 in the world, plus a growing company creating jobs and helping exports. They could help with gov green grants and loans. Then the gov / military could start some fleet dme trucks. Then maybe Ford Europe can give Ford USA a few dme cars to show off.
good luck to all, just try to survive the rough ride on the pinks!
When is the Army #3b coming out?
Didn't they get a third army sbir announced in June of 10? And how about everyone put in a guess on who and when the first regular order for the smaller fuel tank, fuel pumps (not the engine injeciton pumps) will be?
3. How long is "near future"
4. Why would the CEO be taking time to answer our ...peon...emails unless he genuinly cares about what he does and the people..including us long term stockholders... and is trying to let us know, THE CO IS DOING GREAT...HOLD ON FOR LIFTOFFFFFFF!
5.It's FRIDAY... I take off early, plus I am out of $, cant buy more until next Tues,... ele day! GO CONGREss go GREEEN!
Below is the CEO's response to an (older)email:
Dear Mr. XX,
We have investors that will help finance initial production.
We currently have 3 engineers, a master toolmaker, an administrative person plus myself. I did not take any salary for 17 months, and I am now taking only ¼ of my salary. We have more paying work than we can handle. The 2 Army contracts that we have provide very good cash flow. In addition, we have income from Korea, China and, soon, Germany. We also will probably receive another large Army contract in the near future. We will be hiring another engineer shortly.
We just shipped 2 high pressure injection pumps to KIER in Korea, and a full injection system to an auto company in Germany.
Our stock is a mess due to short sellers and filing mix ups. The filings are being corrected.
Jim McCandless
President & CEO
Alternative Fuel Technologies, INC
Everyone lighten up... its Friday!
This has been a long hard road... I started at .06 I am sorry to say... BUT I am glad I found this co and have an opportunity to buy in at the start. 1. 50% is because it is a Pinky... quit complaining, you can get a million shares if you like. 2. 50% is from the 390 mill dilution from 2009 to June 30th 2010... ooops, and that killed our positions (and killed the PR's too) for a year, but the co needed to raise capital. And they did say this in the 09, 3rd qtr report (I think, I did see it, but thought they would announce more details before the dilution, and I did not watch for it (my bad.)3. Yes, I sold on the last PR, only to keep from loosind ANY more from the speculators. And since it has held its price so far, I bought 900k back in today. The co has real customers which = 's real $$ and that will bring real NEW investors and their $$ so it is a new investment outlook from here. Yes the past still stings, but dont let the new buyers take your shares cheap, right before the co is about to make $ and make the real USA news, sooner than later.
Stable share number + co growth = share growth...maybe a few more bumps, but we are on the way up from here. Too many good things coming. And if we get any low cost gov loans to help usa co, selling and exporting green tech to the rest of the world, it will be up, and down, but slow and steady up.
I voted for Perot... but since it does not do any good, I look to help the R or D mostly whom ever is not doing the most harm. And I got to meet the President Obama in person before the elections in Oct 2008 in the Asheville NC rally, I vidoe taped the whole thing, then he got off the stage and half the crowd left, so I moved up to the railing, and then 5 mins later he came back out and walked around to the from edge and shook everyone's hand. He seemed genuine and it was a suprise to get right up to him, but at least he tries 110%. Anyhow, I am still an independent, and am looking forward to the election just being over, maybe something will get passed in congress after that. I used to vote for the Reps, until big oil and corps took them over.
250,000 bought since aug 2010, then sold 750,000 today but took a tax loss, had some back at .02 from last year. Wont buy aftc in this account for 30 days to lock in my tax loss status. Then got in BAC today, 3 days past the yearly low, and there were some 3 mill chuck buyers, somethings up, maybe a run up for the election? but bac is supposed to have B A D 4 th earnings so not sure if I will hold incase the dow tanks on a double dip, If there is no retail buyinig this holiday season, ++ a ton of unemplyoment runs out in Nov and Dec so it will be another big hit on the economy when thoes 99'ers start defaulting in jan -june 2011, The pres, knows this so we will see if he has any plans to help the recovery... most people I know gave up and joined the military for a job. Good luck all, and dont trust the dow, I think it is too high for not a real recovery, just some corp earnings.
Politics, Energy Bill, World Energy Conf I was not taking sides, just stating that IF dems win congress, it will be a LOT of Green $$$, IF reps win it will be good for the bank stocks ect, but my GUess is... there a 75% more pissed off poor people in this country that saw the reps BLOCK half the programs that were supposed to help the recovery last summer... and they have nothing (ie.. no jobs) better to do than to vote the DEMS back into power, like they did whey they voted a DEM president in 2 yrs ago. I am Independent, and like to watch to see who "looks" the most honest at election time! But the pres, is pushing the EPA to go green and the gov will use green first, so it is coming to the usa energy hogs!!! Just look at asia and how poor they are and they still spend more on green energy.
There will be new investors as the Army news still filters through the investors. I think it will hold some this week and maybe go up next mon, + IF the Dems win congress it will go up on the energy bill that will come, + the world energy conferenc, too many positves right now to keep it down for long. And in Jan, new investors will be buying for 2011, ect. Dont look back, we are all beaten down from the last 12 mos, but the dilution was DONE by June 30, 2010 and no it is only traders and us, so look ahead.
This is a great company!It is only the Pinks listing and the scalpers trashing it. And pls, leave the Mr Mc out of this, after ALL he has done to build this company. And I have seen the DT's doing this everytime, I dont fight it anymore, I just sell on the news, like today, I got out at .0067, then wait until the end of the day and buy back in. I bought at 3:58 and raised my Ira shares from 250k to 330k. All I care about is protecting my equity, so I try to increase my shares if PR and the usual P+D is coming. After aftc gets off the pinks, it will be solid. And I am glad Mr Mc Ceo issued and bought himself 1 MILL preferred shares that have 70% voting control. He thinks of everything and said he will stay one step ahead of the competiton. Trade short term (to protect yourself) until it is off the pinks, and hold for the long term.
Alternative Fuel Technologies Awarded $715,000 Phase 2 SBIR U.S. Army ContractREDFORD, Mich., Oct 27, 2010 /PRNewswire via COMTEX/ -- Alternative Fuel
Technology, LLC, a wholly owned subsidiary of Alternative Fuel Technologies,
Inc. (Pink Sheets: AFTC) announced today that the Company has been awarded and
has commenced working on a U.S. Army Phase 2 SBIR project valued at US$715,000.
"This is the largest Army contract the Company has ever been awarded," said
James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc.
"The Phase 2 project is an extension of a successful Phase 1 project in which
AFT identified a significant wear problem on a commercial diesel common rail
fuel injection system running on JP-8 jet fuel."
The Army uses JP-8 jet fuel in all of its diesel applications for logistics
reasons. The Company will redesign the commercial diesel common rail pump to
lower wear to acceptable levels in this Phase 2 project. To accomplish this
goal, AFT will apply materials technology and other lessons learned during the
development of the Company's well known DME common rail fuel system.
"Following successful completion of Phase 2, the project may qualify for Phase 3
whereby the Company can commercialize the product and sell it to the military
and commercial customers," said McCandless.
Yes, that is his wife, she is listed as an employee, I think she does some of the books. General Trading Question... can AFCT be traded after hours? When I checked my scttrd quote early this 730 am it showed .0045 on the low side and .0085 on the high side. Is someone buying the preset orders after hours... to make this show up? Or, are the orders being cancelled and re submitted the next am? Then after 8 am, it showed .0045 and .0050. Seems like the jump off level is about .0085? Not sure, but I do see this from time to time after hours. And how can this be shorted? My scttrd will not let me short any stock that cannot be margined, (to borrow for the shorting...) and that is a $4 minimum. Just asking, I don't ever short anyhow.
They were buyers, the bigger the order size the better the signal, as the pro's trade larger chunks. And did you know, mr mc worked on designing turbocharged tanks in the 90's... he is a genius and 100% nice to boot, still can't believe he took time to return my call and leave a good email, when my email was not working. I seriouly do not know how he does it... figures out how to make great engineering units, simple, powerful, and durable, runs this co, travels around the world on sales, talks to the usa gov, tries to keep everyone happy,... I wonder if he gets ANY sleep? But he sounded fine and happy when he left the message, so I guess it is all good and works for him. GO aftc!
BubbleT, how do you get the phase III date? I read aft is running accellerated testing and with the tech they already had, I was under the impression it would not be long... but I do not have any clear dates on the army sales yet. And about asking the DOE about DME, seems it is all political, (remember the last administration was GOP and controlled by the big OIL interests which the NEW administration is trying to get away from) the DOE knows DME and Mr Mc,
he was a guest speaker in DC, March 09, on clean energy savings studies the gov was interested in. I am sure aftc is on the U.S. gov's "a" list for clean ready to use energy, beause the gov can run fleet vehicles and that makes fueling easy, and they can be a good first example in the usa of dme. Seems like it is all in place, just needs a nudge to get started and some usa recognition.
Pr will bring in new investors and the day traders will be nothing compared to that. Seems like the buyers were waiting until the last min to get in, and the dt's sold, and took their $, but ha, ha, it has not even taken off yet. I had a similar stock do this, everyone doing research knew what was up, and the price was flat until the PR, then it got the recognition it deserved. Don't let a few players let you think what this co is worth. Remember,... so far #1 in the world for DME, sort of like (mr ford of dme...) so count yourself lucky to be here!
PR will be coming, ceo has always been consistent with his statements. The co is growing and it will be all good from here, if it was easy, it would not have such a good return... and if you want to sell today, go ahead and buy a 5 yr t-bill at 5%...! This co has all the bases covered for a top co, and I like the diversity between the DME sales and the military sales. Say, bubbleT, do you know how long it will be until aft is done testing and can start selling the upgraded units to the army?
The ceo emails are real, another one from Jim
(One of my emails to him was rejected, because I typed his name wrong, so I called the company <and left a message> asking when the next financial report would be released.) Then he called back and left a message giving me a second email to try so I emailed him at jim.mccandless@altfueltechnology.com this was his reply.
This year is much better...we are financially independent. We have two major active projects with the Army, a program with Korea and with a european automotive company. We also have an on-going relationship. Things look pretty good.
Our Pinksheets are a mess but will be cleaned up shortly. We will also release news at that time.
I appreciate your support.
Jim McCandless
Sent via DROID on Verizon Wireless
-----Original message-----
From: ....(me)@gmail.com
To: jim.mccandless@altfueltechnology.com
Sent: Thu, Oct 14, 2010 22:19:45 GMT+00:00
Subject: Thank you for the phone reply, from (me)
The colors usually represent if it is (gr, higher, blk, = to, or red, lower than the previous close price,)
The ceo has said that the pink sheets will be updated and news will be released, "shortly" so it must be good news! And they have the army sbir contracts, but have not talked anymore about them, plus they are still doing busniess with South Korea and maybe they have some DME fuel system sales to them, and S korea is building the $300 mill DME fuel plant in Saudi Arabia, so maybe they will run the aftc DME fuel systems in the S Korea trucks. Will be nice to see who comes out with the first DME fleet or dme/ele hybrid car. AFTC is diverisfied and ready for lift offfffff!
Yes, they do a 3 day hold "restricted" on deps for stks under $4 I think, so now I just go to the office and drop off my dep if I need to. And they dont take a ps ck, so I get a cashiers ck from the bank or a us postal money order. Then it is ready to go the next day at the longest.
And a cash acct is also called a margin acct, but you dont ever have to use the margin part, and that does not kick in until your bal is 2k. But it does give you more freedom, and if you get to 25k then you are free to trade with no restrictions.
I started with a reg ira, then converted it to a roth last year, and also started a sep cash account, which I really like.
BubbleT,
You are right about the restrictions on most stocks under $4, funds have to be cleared.
If you can get a cash acct, it is much better. Then you can buy on the first day, hold over night, and sell on the second day, then rebuy, and do this everyday. As long as the "sell" is from a preious day, it does not count against you. Plus 3 buys and sells on the same day, (round trips) that renew 5 mkt days after.
Most IRA's, will let you roll it out and back in 60 days (once every 12 months), with no penalty (as long as the funds are back before the 60 day time limit) so you have some liqudity if you need it.
BubbleT ... relax
you have a big imagination! First the co has $ now, and I am sure they make good salaries. Then the 40 mill "float" shares (restricted shares refer to a company's issued stock that cannot be bought or sold without special permission by the SEC. Often, this type of stock is given to insiders as part of their salaries or as additional benefits, like stock options) SO THEY DONT need cash.... or have to buy our shares! They have the 40 mill shares to keep to either sell for capital for the co, or give to employees... most likely when they are worth a lot more than now.
Mr mc called me and left a message last week, gave me the correct email, because earlier, when I emailed him, it came back, so last mon I called the reg co phone # and left a message. He left me a nice normal message and it was from his cell. My guess he is back here and he said he was very busy, but that was good. Then later that eve, I emailed him with the new email. And he is trying to get the pinks finacial info updated and the news updated too, maybe at the same time, not sure. But, the point is, it will be news and that will bring in a larger circle of investors, which will give us some price support. I started last year at .04, and it was at that for a month. Now the co is 2x or more better...and even with the share dilution it should be at .04. This is a real startup co, and it is only getting stronger, as mr mc was a dept manager at ford of usa in 1995, and head over a lot of engineers in the whole dept, so he knows how to train good people to keep things rolling and growing into the future, and he is good with sales, and engineering. Anyhow, everyone relax, the co is great, yes, the day traders take some of the gains, but, they cant get them all...and they will be cryin, when they are sittin on their $ and we have the shares when it takes off. I have been here before, had hgsi when it was $2.50, had 4000 shares and got tired of waiting when everything else went up, then I sold and four days later, it went to $12, now one year later hsgi is at $25, so I lost $100,000 because I listened to everyone else, was not patient and sold. But, it is all good, live and learn, anyone here is in a good place. See you at .10!
I think they may have something else going on with the navy. Not sure though. The co did say last spring they were working on the "next" generation super high pressure fuel inj system and engines. So, it could be anything. But I thought maybe the reg navy sbir got clssified because it was a combat item... never can tell, maybe the other co's got something else to work on? Dont know.
I emailed the co, just last week and, I got a reply. I think they are swammped with testing for the army projects and trying to get dme sales and probably just understaffed still in the pr dept. But, I would rather they be building a real co, than worrying about us. The stock will show its value in time, how else can you get in at the start if you dont have to ride the bumps?
The share numbers in the pink listings are correct. They are the same as in the 2009 4th qtr report that is out. (all new shares were issued before Dec 31st 2009, as stated in the report)
Shares Outstanding 558,233,688 a/o May 03, 2010
Float 518,073,688 a/o May 03, 2010
shares held by the co = 40,000,000 = same as 2009... NONE sold.
link to pink sheets
http://www.otcmarkets.com/stock/AFTC/company-info
here is a link to the finacial reports
http://www.otcmarkets.com/stock/AFTC/financials
and if you are going to be rude... pls post elsewhere...
hv a nice day!
Hello everyone,
I have been holding for a year. The most of the news you have heard is correct, and already released. The co issued shares Last year, before Dec 31st to raise capital becaues their sales were slow and they spent a lot on R+D which is normal for a start up co. And they did metion the need to sell shares before they did it, and raise captial, but I did not watch it closely enough.
They have enough capital now and are doing well. Everyone knows they have the army sbir contracts, and the s. korea program and that an auto maker in eur was testing a dme system since 2009. I think they still have an ongoing relationship with the navy, but not sure. Seems like with the new tech, everyone wants to keep it confidential, which is good for their business, but not for the stock value!
And, an update to the pinks sheets will be official info that everyone can believe. It should add some validity to the company and share value. last Spring on the last co update it was mentioned that aftc was no longer just an R+D co, but had started commerical opperations, which may be updated in the pink sheets. This is a big step in going from r+d to sales.
From my experience, the co has been run with integrity, has diversity and is awesome that they are competing with other HUGE companies and such. I am holding for the long term.
The political arena may help too. Possible energy bill coming up, maybe fed grant money or low int loans, and then there is still the world energy conference this winter in mexico? It is all looking good for a company with so much to offer and who is looking towards a greener future.
Relax and enjoy the ride!!!