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Excuse me and I don't want to start anything....but to take an attorney's word over mind ? How can you make a statement like that without knowing who I am ? That's a slam to my integrity and you need to rethink a generalization like that. It's statements like that which have sent people packing....I'll take an attorney....over anybody on a message board. Why do you even bother reading MB's if that's the way you feel ?
You are going to be missed. There's many I us who enjoy your writing and value what you have to say. I don't think many people question your integrity or expected you to be the miracle worker. You have now joined the long list of posters who have left, but I hope you change your mind. GL
Alex Cavasin is the man. He's been described as a man with "good skills and a complex character". Pascali IDed him from his pictures on the web site and he was interviewed on the web, which had a picture of him and that matched the sailor/swimmer on Alcar....I'm 4 hours from Vegas....let's go
you're pumped up tonight. A few cocktails after work ? We can get pissed off at what we have done, but I honestly believe we all did some good DD. How many times has a scientist turned crook ? I doubt not very many and we got caught up in the hype. Even if this is still on the up and up, Cavasin is sitting back putting us thru hell with no information on what's going on with the company. I realize he has contempt for a certain kind of shareholder (and rightly so), but for those of us that aren't greedy pigs this treatment is totally unwarranted. Not that he has control....maybe that has been taken from him, but there are ways to let us know things are happening. And don't think one of these posters could not be Alex....I believe he could be on this board. Of course, I couldn't prove this and I haven't seen the same writing style. I'm drinking fume blanc......with an H2O chaser. I do enjoy this board, but believe me it's not worth the money I've lost on ACMG. People start working on coming to grips with your loss. If it's flips for some reason and goes positive---just think how great you're feel. But until that time, treat it like a loss. Yours in solidarity.
Thanks for your reply. I used to be so positive, but have been so battered down with the way things are going. I know it has been said that it takes awhile to build the company. But with no news for so long and only the words of a missing CEO/COO to be patient, it's understandable why some of the "heavies" have left. Once again, thanks and I hope you're correct....
Jerseyboy do you think Alex P. Cavasin has a PHD ? I know this has been brought up before, but I believe never answered. The reason being if he misrepresented himself as a PHD, then everything else is probably total BS. I don't remember who contacted an executive from Pyrogensis who stated AC was an honorable man, but did he ever mention why AC left Pryogensis ? Was it that he was fired ?
Have just submitted my compliant to the SEC stating the misrepresentation of the PR'S over the last year and leaving town ! Does anyone know when AC picked up his PHD ? I figure it had to be when he left Pyrogensis. As far as getting a lawyer I agree with not throwing good money after bad. If this as bad as it's starting to look, we have to take our lumps and get over it. Nobody likes what's going on with ACMG, but there's nothing we can do about it. Down 86%.
You have my permission to post my name on the shareholder list. I'm still holding at 800 K. The talk about playing "hard ball" with SREG is crazy....remember they can buy us out. I doubt we could do that to them, if they even exist. GLTA and sure hope we hear something from SEA soon. I was always afraid that SREG didn't care a bit about the other shareholders.
Didn't make the list, but I'm still holding.
Sept. 28th
What happens to a scientist who works on a project for years and spends quite a bit of his money, only to find out someone beat him to the treasure? Your patents are going to be rejected..... How would you be able to get the money and run ? I really don't know anything, but ACMG not moving forward really has added stress to my life. But luckily it's lessening with every passing day. I'm slowing realizing that's there's a good chance ACMG is fading into the sunset....
I don't want to start anything....but when you announce a contract for 160 million with A-M (a company we worked with and know what we can do) four months ago and now nothing, it's starting to get hard like concrete. The statement concerning the manufacturing plant and now nothing leaves one to wonder ....leaving the situation unsettled is something in itself. There really is "concrete" evidence with respect to lack of execution. I don't know what Alex Cavasin is up to, but I do hope he builds his company. I've always thought he was on the up and up, but have big concerns with SREG. GLTA
Hey Duck haven't sold any of my shares. I think there's hundreds of share holders and all dying to hear something from AC. Somebody needs to move this company forward ...if it doesn't happen pretty soon I feel maybe the tech. might not be as good as the hype. Hope I'm wrong.
Sorry I disagree, but this is bad news. Why would SREG sign final papers with a lawsuit over patent rights? AC/SREG need to make this go away with a settlement. Afterall, if Evengy S. was so instrumental in developing the tech. he should be handsomely compensated ! (I believe he owns shares but at .02 not a lot of money ) Wow !!! I can't believe this is happening.
I hope that the PR'S concerning the split into two companies and the divi. wasn't a sinister plot to drive the price up for whatever reason. I've never been able to figure out why SREG would do this and then go into "MUTE" mode. Was it a chance for shakey longs to get out ? Was it the last chance the Doc had to say something positive ? Was it a chance for the Doc or other Company officers to get a little cash ? If one were thinking of buying 30 mil shares why inflate the price ? Don't think for a moment that SREG doesn't care about the stock price. $900,000 for 30 mil (.03 per sh) vs. $2.4 mil (.08) That's 1 1/2 million dollars and that's a good chunk of change. On another note: I'm really disappointed with the Doc in letting SREG takes the reins without a statement to that effect. If they were going to take over IR, then he could have told us. I do not believe SREG gives a hoot about us....and he could have forewarned us. Aterall a lot of us believe in Dr. Cavasin and what he has said with respect to his technology and, somewhat, of what he said about his BP and revenues. I definitly hold him responsible ....I believe we will have another 3 weeks of silence and then, hopefully, some kind of update. GL
You're gullible ? Hell, you take a back seat to me. I came across Alcar when researching bfre.pk with respect to cellolosic production. I shined it on, but revisited when I came across the "RIVERA" technology. I bought into all the PR'S and couldn't believe this wasn't taking off....I bought higher than most and as the price went down, I averaged down. Not knowing it was going to go sub 3, but you live and learn. If it tanks....I won't be retired anymore. HA HA HA
answer C with modification.....with news and back on track in 6-9 months.
If one goes back and reads the PR'S from a year ago, it's pretty scary with respect to lack of execution. I'm finally leaning towards "we've been taken..." side of the fence. If one had dreams of millions and millions of dollars, but had to live on only a few mil (he's the one selling) why not Thailand ? This bums me out and it's going to take awhile to get over this...
I think shareholders should wait with respect to ACMG and SREG, but anything to do with the "shell" is open game. Thanks to all that do so much !
We're not going to get any imformation from Dr. Cavasin. He's the COO and SREG is/will be in the driver's seat and they don't really care about sh.holders. I'm starting to believe the Doc. screwed up going with SREG, "the shell", and his estimation of the business. I remember him saying he thought ACMG had a four year head start....don't think so ! The shareholders need to calm down and realize what we got ourselves into....a very speculative stock. Down the road this may work out for us...but I do think SREG will buy us out.
I know this is totally speculation (what's new)--last week there was discussion about a reverse split. I believe we will see this happen so share price can be met and the price of the IPO will be dollars not pennies. The number of new shares offered will be reasonable ....the commpany producing cellulosic polymers (telles) only had about 21 million shares out. I wouldn't be surprised to see my count go from six figures to four. With all the business "they" have to do in Singapore dotting i's and crossing t's it's no wonder there's no time for us. I still believe the company's got good tech, but one has to be concerned the business side of things
never submitted my count. I hold 800k would love to buy more, but keep thinking "hogs get ..."
In the business plan acmg states 70 million shares in the float and 180 restricted. All of Siam's I believe are restricted for a time period. So where did the extra 25 million come from ? Or have they not been issued yet since that's a possibility ? I too wonder where the shares are coming from since so many here are committed to being long.
I can't believe nobody ever talks about the competition in cellulosic production. Even if you have great "new" tech, if you're late to the party all the food and drink is gone. Does anybody think ARTL will pay a fee to ACMG ?
I can't understand who was selling today to cause the volumne to be 12.2 mil. I actually was happy to see the volumne around 2 mil earlier in the week....I would like to get some more at these prices but I have a large position already and can't until I know more about Siam. I always feared a "buy-out" by Siam of those remaining shares after their 30 mil purchase. I think Dr. Cavasin had a vision....started working with Evgeny Stefoglo and developed some pretty good technology. Of course, wanted to capitalize on this and it's been downhill ever since. I do believe he's tired of shareholders' BS.....afterall what have we done for the company lately ? We invested money ....big deal !
Buying more ? Why would anyone buy more of this stock with all the negative things being discovered ? Going back over some of the PR'S and letters from AC there's a lot of missed projections. My God, the building was 25,000' or was it 50,000' with 370,000' lot or was it 400,000'. I believe he said they would occupy the building in late 2007. Got sued for not paying a bill---what kind of person can't work out a dispute without going to court? If I were just looking at this stock there's no way in hell that I would buy this. But, that is not the case I'm in and wonder what the hell have I gotten myself into ? Thanks to you that have done so much DD and I'm on the sidelines waiting....
Nobody knows for sure what's going on with the negotiations, but I don't believe SIAM will ever exercise the planned warrants issued from 2008 true 2011. They're picking up shares on the open market to maintain their 55% stake in the company. I hope I'm wrong, but I think Dr. Cavasin is swimming with the sharks.
cellulosic production is not new. There's production going on as we write, but different tech. Cargill teamed with Dow is making polyols out of corn feed. They're working on developing use of the whole plant. There's competition out there and that's why I would like to see the reactors built as soon as possible to demostrate the tech. I do believe in ACMG and consider myself a long. The situation with shorts is disturbing and I'm sure it's very irritating to Dr. Cavasin. Thanks to many on this board I've learned a lot. I have contacted my broker about certs. vs iou's expect a reply today. It's going to be a bumpy ride....
I believe the company is real and will be moving to SEA. I'm concerned that 3 Rivers is going to be delayed (there's always delays i.e. USSE ) because of the changing of the guard, the engineering, and the move to SEA. I tried to check on the patent applications, but had no luck. It might be too early to get info. This board is scary !!!