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email reply from Jim this morning
xx, Wednesday, May 09, 2012 10:26:14 AM
DME does not currently qualify. The IDA is currently working on this (www.aboutdme.org)
We do have a direct injection, liquid propane program bid out to another organization. This uses some of our DME pumping technology. We’ll know in July.
I should have a lot of news to publish.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
everyone HOLD... time to squeeze the shorts!
all the real investors are in by now.
I forwarded the info and asked if it could be used
for the USA DME vehicle project and if there has been
any progress in that area. Maybe we will get an update
on that too, I will post if I hear anything back.
And from his other response, he is keeping his word
and going to do a business update in a pr this month.
One other green energy co I like is BWEN, wind energy.
I have been following it and they just did their earnings
and news release this am. (beware... is is below the current
NASDAQ requirements of $1 a share and was granted a six month extension to comply) I don't have any right now,
but it is on my list, IF the big -O- gets re-elected, ect.
GLTA
Nite still hiding the buyers at the BID,
(you KNOW there is a bigger buy order than 5,000
after yesterdays volume and move up)
notice when it starts doing better the M+M's (brokers)
start to cheat and hide the real buy orders waiting?
I guess it is so they (the brokers) can try to get the best deals,
they are so crooked! I am holding. GLTA
now we're cooking, nice start to the week
everyone dont sell, let the speculators get pinched for being cheap and waiting for the last min to buy in
he is not waiting on contract news, just financials,
he said in the last email that 'contracts would be pr'd in time'
so AFTC can still report the finishing the 1st army contract
and ready to sell to anyone, then winning the second contract last Aug,
then joining SEMA, plus financials, plus any other 'new' news.
Hopefully any day now,
JMHO and GLTA
yes, anyone who measures down to 1 millionth of an inch
NEEDS HIS SPACE
I also mentioned in my recent email
that HE PLAN A VACATION THIS SUMMER TOO...LOL
he has done so much to start this company
and some of us longs have seen it all.
Europe elections on Sunday,
supposed to elect new people who wont cut budgets
and on Monday the mkts may tank. JMHO and GLTA
yes, bid is rising now 4 million at 11
all late scalpers.
Now that Mr McC is done with his Mx trip,
and finished with the Army SBIR finals,
and got the SEMA membership done,
I am sure he will be glad when the fins are final
and he has issued the pr, so he can take
a break from us too.
GLTA
good, NO vol = the price is really higher,
just wait for the 100 mill vol day.
Everyone have a great weekend.
everyone STOP selling - a 5 mill buy at 10
make them pay .0020! no sneaking it a the last min
I bet the gap is really up to 15 pr 16 again.
even if you can see level 2, the brokers can still
hide orders... financials should be ready any day.
JMHO and GLTA
nope, just waiting on the financials to be finalized,
the army pump update project has been completed successfully.
Jim said it would not be long because the financials
have all the numbers,
my guess is AFTC is just waiting on the attorney
to review the numbers and sign/ok it.
REPOSTUSA DME Company Unitel Tech. to Design/Engineer LPG-Subsitute Dimethyl Ether (DME) Plant for Korea Gas.
February 10, 2011 – Vol.15 No.47
(this is the company that Jim said he knew the owners and my guess is he helped the USA comapny get the business from South Korea, to help promote DME in the USA.) JMHO
Unitel Technologies, of Mt. Prospect, Illinois, has announced that the company has been awarded a contract by Korea Gas Technology Corporation to prepare the basic engineering and design package for a plant that will make 300,000 tons of DME per year.
“We are pleased that Korea Gas (KOGAS) has chosen Unitel for the front-end technical work for this landmark project,” says Dr. Ravi Randhava, President and COO of Unitel. “Today DME is manufactured by a cumbersome ‘two step’ process. KOGAS is the first organization in the world to successfully develop and demonstrate a commercially viable ‘one step’ process,” he adds.
DME is an ideal one-to-one substitute and additive for liquefied petroleum gas (LPG). It is also a direct replacement for diesel, with the added advantage that DME is 100% clean in terms of sulfur, soot and particulates, and the exhaust is approximately 50% lower in terms of greenhouse gas emissions. According to General Electric, DME is an excellent fuel for stationary gas turbines. Many experts view DME as the most promising fuel option for the 21st century.
The KOGAS DME Project Team is led by Dr. Wonjun Cho who notes that the KOGAS ‘one step’ process includes several proprietary technology breakthroughs – a novel catalyst, an oxyblown auto-thermal tri-reformer for making synthesis gas, fixed bed boiling water DME reactors, and a special method for the cryogenic separation of the reaction products. “The ‘one step’ DME process has proven to be very elusive for many years,” notes Dr. Cho. “However, we are convinced that KOGAS has successfully overcome the hurdles that have long constrained this industry.”
“We have operated a ‘one step’ 10 tons per day demo unit for the last three years, and the results are very encouraging,” says Dr. Cho. “The ‘one step’ method needs only a single reactor for the synthesis of DME, and alleviates the thermodynamic limitations of producing the methanol that is made in the ‘two step’ process,” he explains.
The basic engineering and design work for the KOGAS ‘one step’ demo unit was also provided by Unitel Technologies. (2/9/11)
<THANKS PROPH ...THIS IS A DIFF CO/ IN THE USA>
at low volume the price is not real, even at .0014
this morning there was only a small order. The last pr
1.5 yrs ago it was at .0050 all day long with a
high of .0070 and a volume of 100 million shares.
And now the company has grown.
I am hoping it will reflect in the new investors
after the press release, the news we already know about,
and any new announcements. A lot has happened in that time,
and some AFTC cannot say unless it is in an official pr.
I would really like some USA testing DME news here local
would help a lot. But, you never know the time line for that.
GLTA
ok, I have also found that my broker does not fill the AON order,
they don't like to have to fill the whole thing,
so they put it at the end of the list,
I used to do that when I first started investing,
and my orders NEVER got filled, and the price went
right by it. So, be careful, I never check the box
anymore. BUT, then my broker can fill 10 shares
and charge the commission, which they do sometimes,
by selling me shares THEY hold. But, most of the time,
the rest of the order fills by the end of the day.
You have to be careful of the brokers, they are out
to make $, and have it all set up to take it any legal
way they can. I also don't use stop limit or trailing stop
orders, PC traders can short the mkt and force the sells
then pump it right back up to where it was.
(note, not talking about AFTC, but trading on the NYSE
or the NASDAQ) GLTA
AON orders don't show up
on the bid or ask,
could be that if you checked the all or none box
at your order screen. Only thing showing is .009 and .0011
.0011 shows only 200,000. I don't have L2.
so it shouldn’t be long
someone to make the release, probably the PR News Wire
SEMA membership confirmed now active
SEMA NEWS
SEMA Membership Confirmation
FW: SEMA Membership Confirmation
Sunday, April 29, 2012 2:20:21 PM
(From Mr. McCandless to his company staff and replied to my shareholder email)
As we have discussed in the past, we finally joined SEMA (the “Hot Rod” Specialty Equipment Manufacturers Association). We will use this membership to try to market our “super CP-3” Army pump to the diesel truck drag racers, etc. Also, our new gasoline injector, when developed, could be marketed through this group.
Every year, SEMA has a large show in Vegas with great exhibits and a large attendance. See www.sema.org/ Please note that we can access to many auto engine CAD drawings free of charge.
I have been going to join for a number of months, but I got a reminder from a stockholder today that convinced me to do it today.
********
(From SEMA to Mr. McCandless)
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
From: SEMA Notifications
Sent: Sunday, April 29, 2012 2:03 PM
To: Jim@altfueltechnology.com
Subject: SEMA Membership Confirmation
Dear James McCandless,
Welcome to SEMA & Thank you! Your membership payment has been accepted.
Your company's name is Alternative Fuel Technology LLC.
The following links outline the many benefits and services available to you as a New Member.
Please consider the Membership Services Department to be your personal resource center.
Our benefits page outlines the many benefits and services available to you.
Be sure to check out our SEMA Councils & Committees. They are a great way to network, stay involved and grow in the industry.
Use the SEMA Member Logo to help identify your company to other SEMA Members.
In addition, here is our NEW Online SEMA Staff Directory if you need to contact a SEMA staff member in a specific department.
Welcome once again to SEMA! It's our pleasure to make sure you get the most out of your SEMA Membership.
<THANKS Kurek585, it was your post that got me to ask him about it.
I checked the SEMA website this am and it does not cost startup companies much to join and I mentioned it would be good to add to the rest of the updates. Then, I said thanks from the longstanding shareholders.>
thanks for everyone's input and D+D on this site
looks like Jim only needed time to get the Army
project details finished up and out of the way.
I tried to wait (almost the 30 days)
until that was done to email
him for this update. GLTA
email today CEO Jim Mc about a press release
(this is complete as sent and received with
only my private info deleted)GLTA
From: (inv)
Sent: Friday, April 27, 2012 3:08 PM
To: jim@altfueltechnology.com
Subject: Good afternoon a shareholder question
Good afternoon,
I understand that you have been busy with the Army project
and hope all is well with the final details.
I was still wondering if AFT is going to have a press release
with a 2012 update? It has been a year and a half since the last
pr, and even though the website was updated six weeks ago,
it does not reach the business community. And since cost
is no longer an issue since AFT has been growing in several areas,
can you give any time line on the update?
thank you,
(inv)
*****************his reply*******************
(inv)
No excuses, but I am waiting for the first quarter financials. All entries have been made so it shouldn’t be long. Also, I have to find someone to make the release, probably the PR News Wire. I am also hoping to release some new business news, but that probably happen in time.
I’m running as fast as I can.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
-----Original Message-----
From:
Sent: Friday, April 27, 2012 3:57 PM
To: Jim McCandless
Subject: Re: Good afternoon a shareholder question
Ok, just wanted to know if things were still on plan.
We all know you are working on several projects, do you think it will be
sometime next month?
thank you for your time.
****************his reply*********************
For sure.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
no, an email today from Jim 3:43pm
its in my phone, have to save and
move it so I cam post it.
pr is coming, email answer today posted soon
go ahead and laugh, it hit .08 easy in 2009
and that was only saying they were
'on schedule' to deliver the Ford TEST UNIT.
I will laugh when it hits the usa evening news.
Then it will be all over. And you will hear
'why didn't I hear about that co before now?'
'why didn't I buy some before now?'
as usual... they never want to take a risk,
then whine after it is a sure thing.
GLTA
it moves too fast on a pr to get in after the news,
last pr it went to .0050 on the two weeks before
the press release. Then, the morning of the pr,
it took 5 mins for a current price to even register
at my broker and then it was already at its peak for the day,
.0070 So, if you want to get in on the pr, you'd
better get in the day before. OTC pinks jam up
when they get 100 million volume in one day...
That is what AFTC had in volume the last pr.
what will be in the press release?
After the 30 day army extesnion is completed,
he will have time to price the quotes and
write the pr.
He will talk about the completion of the first
army sbir and the right to sell the technology
to anyone army or private sector.
He will mention the second army sbir and
give a progress update.
He will mention the company financial status,
which he already states as good.
He will mention anything he can about
new sales/production contracts that he
can that are not under contract of secrecy.
Any other good news that we don't know about.
That is my opinion, just following the
information that has been given in general so far.
JMHO and GLTA
It has been a year and a half since
the last press release and
anyone want to add to the list, please do.
"We will try for the end of the month."Jim
This was the last update given on April 5th 2012.
I will repost the whole email so everyone can see
it is valid.
From:
Sent: Thursday, April 05, 2012 3:04 PM
To: jim@altfueltechnology.com
Subject: Good afternoon, a shareholder question
Good afternoon,
I hope all went well with your trip out of the country.
And since you are still head of shareholder relations,
I was wondering when the press release of the 2011 summary / 2012 update will be coming?
I understand the website had been updated, but that does not reach the business world
and you did say there would be a follow up in a press release. I also understand there is
certain information that can only be released in an official way to follow the letter of the law.
We have tried to be patient, but would like to know all the current progress that AFTC
has been doing. Thank you for your time.
********
Just as soon as I have time. I am under a lot of pressure by the Army to submit a major report, and I have 2 quotes due to potential new customers. We are also working on 1st quarter financials. I want to include references to our 2012 financials since they will look pretty good.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
****************
Ok,
We thought you were done with the first sbir army requirements, but I see
there is a lot of paper work for them, and with other customers, but do you
think it will be by the end of this month?
thanks again,
************
We finished the testing successfully on the first sbir. We still have $90k
left to spend on inspection & reports. I just asked for a 30 day extension
as I have to do the inspection and report writing myself.
We will try for the end of the month.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
*******
-----Original Message-----
From:
Sent: Thursday, April 05, 2012 3:33 PM
To: Jim McCandless
Subject: Thank you for the quick reply, and happy holidays with your family
Thanks again for the quick reply and your time.
*******************
You're very welcome.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
those all seem like excuses to delay spending the $ on a pr
not much we can do as shareholders on the pinks.
And he has been saying he is pricing contracts
since last September. I am long in my IRA and
maybe it will do some good there. GLTA
btw AFTC did NOT win this older rotary contract...
(this is from the AFTC website)
"In 2011, AFT submitted a Phase 1 & Phase 1 option proposal to design and demonstrate ( on JP-8 fuel) a high pressure injection system for a rotary diesel engine. This contract, if we are selected, is valued at about $150,000. If we are successful in this endeavor and are selected for a Phase 2 contract, the total value of the projects is estimated at $1,150,000."
I had asked Mr McC about it a while back and he said they didn't get it.
GLTA
(would be nice if they kept the website up to date)
any info on the USA DME project or timeline?
It would be nice to have an update on the USA DME
fuel and test project.
Even though AFTC has been busy with the army project,
their main business is DME fuel systems.
GLTA
he did not say it,
I was guessing that his trip to Mexico was to
check out existing auto production lines,
that the racing business already use.
A lot of auto parts are made in mx,
and it would save time and $ to lease a line until
he can get his own production set up.
I used to work in a co that made steel parts,
and I did all the jobs in the plant.
Now they have computer assisted machines that
can build the dies that stamp out the parts,
and it would not take long to change a line
and run new parts. And have them assembled with
experience workers. That is all, sorry I was not more clear.
Friday rambling on, everyone have a GREAT WEEKEND!
yes, it has all the fundamentals,
best unique product, world wide marketing,
diversity, progressive improvements,
ect, ect, ect.
Just need shareholder support.
last email said they would try for end of the month,
was the next possible time for the pr.
They were going to add 1st qtr financials,
and I think he is trying to get his first
commercial contract and lease a prod line.
Will be good when it gets here,
last big news before the dilution went to .06
easy, and with dilution we should still be at
.01 easy so add, 2 yrs of growth and the first
prod contract... lots of new investors will
bring it up over .01 easy. Ridem cowboys and girls.
stalled out in pinky land
come on you new guys,
buy some more... or sell
but do SOMETHIN!
it was the 400% dilution in 09-10 that caused the share price drop,
that AFTC had to do to raise funds.
not some make believe shorts. Most brokers wont let customers short stocks under $4.00
And Jim had to sell the shares at a discounted price to the 'dealers'
and they are the ones that waited until the pr's to dump the dilution shares.
That is why it is so important that Jim said no more dilution.
And he is an engineer first, doing a great job starting this company.
If any of you think you could do half of what he has done, go ahead
and complain. GLTA
And newbie, there is no legal protection with the pink sheets stocks,
if you don't like that, then don't invest here. Simple as that.
Jim is head of shareholder relations and that is part of his JOB,
we are not bothering him. It has been a year and a half since
the last press release. That will be a lot a news in one pr.
GLTA
Email update from Mr McCandless about the delay
From:
Sent: Thursday, April 05, 2012 3:04 PM
To: jim@altfueltechnology.com
Subject: Good afternoon, a shareholder question
Good afternoon,
I hope all went well with your trip out of the country.
And since you are still head of shareholder relations,
I was wondering when the press release of the 2011 summary / 2012 update will be coming?
I understand the website had been updated, but that does not reach the business world
and you did say there would be a follow up in a press release. I also understand there is
certain information that can only be released in an official way to follow the letter of the law.
We have tried to be patient, but would like to know all the current progress that AFTC
has been doing. Thank you for your time.
********
Just as soon as I have time. I am under a lot of pressure by the Army to submit a major report, and I have 2 quotes due to potential new customers. We are also working on 1st quarter financials. I want to include references to our 2012 financials since they will look pretty good.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
************
Ok,
We thought you were done with the first sbir army requirements, but I see
there is a lot of paper work for them, and with other customers...
************
We finished the testing successfully on the first sbir. We still have $90k
left to spend on inspection & reports. I just asked for a 30 day extension
as I have to do the inspection and report writing myself.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
*******
-----Original Message-----
From:
Sent: Thursday, April 05, 2012 3:33 PM
To: Jim McCandless
Subject: Thank you for the quick reply, and happy holidays with your family
Thanks again for the quick reply and your time.
*******************
You're very welcome.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
Gainmaker, they are doing well and very busy,
as usual. GLTA
0-0-0 looks like nobody these last three days
Luna, is that a record?
and who is going to sell their shares now?
That is why I dont think it will fill. I have seen
orders like that before. The are called joke presets.
Way below the current market value and the buyer
does not care if they fill or not. They only put them
out there as a long shot. I guess if someone does not
want to wait any longer, they can sell at .0006
about the annual low. And 'que' means next in line, ect.
To be more realistic, that buy order will most likely
move up the price range as time goes by and we get
closer to a pr. GLTA