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AECH Level 2 Screenshot 02:30 CDT
Folks, AECH looking real good here...
MM's moving off asks really easy, this all on a typically lackluster Friday, before a holiday...
STGI still at .25 ask, SEAB moved off low ask on command.
The float is gone folks, this party is just getting started..
Look at the chart, where were the majority of the financing shares bought that STGI was distributing back in April ?
Some at .30, .25, .20, .15.
That is where we are headed it appears, on simple low volume accumulation.
Accumulate when all is quiet, the best time.
We have three days ahead of us, many will see the board and the information contained...
This will bode for a really strong week to come...
Regular news, Acq news, all pending. We know its coming, just not exactly when.
All I can say is, can I top off your drink for ya sir, and maam, you as well?
:)
All the best.
burn, looks ready huh ? I think the float is bout bought up.. see you all later this morning...
All the best
Well folks, SEAB and NITE moved off ask real easy, 14,800 shares moved them both off the .05 ask, very bullish :)
slim, yes it seems they are stingy filling orders at the lower end of the range, thanks for sharing that info.
All the best.
AECH Level 2 opening
Lets see where SEAB goes today
Folks, one other point;
I was going to alert this AECH on the sole basis of low float, the April news indicating credible verifiable clients, the rumor I had from the one source in South America, and the opinion that it had bottomed.
All this other info has been discovered and compiled only while in the process of performing necessary due diligence.
This stock was going to rise quite alot without all this other new information gathered as to the Company's current operations and plans.
As far as I was and am concerned, any acquisition is just icing on the cake, the cake was looking edible as it was !
Now, to review all that has happened the last few days.
Firstly, I was very tired last evening from a long day, so please do not grade my post(s)or make any decision on my comments using grammatical accuracy as a basis.
As you know, when dealing with non-reporting pinks it is necessary to periodically review ones data, and go over the verifiable facts known at that time.
Here is where we are imo;
Lets look at the holes in the original source(s) information.
Keep in mind that information has been gathered from several sources, so attempts must be made to place the pieces together and try to form a reasonable conclusion as to events occuring.
Ath this point in the process, it appears our original sources have provided us with a credible lead that so far has checked out, excepting the location of the subject target.
Original: AECH is going to merge with or acquire a large firm that is located in South America (SA).
Sources: My contacts and a person(s) close to AECH in some capacity.
Current: AECH is going to acquire a company located in Texas, the details are to be released in a PR, soon. We are to expect a release disclosing an LOI (Letter of Intent) with AECH as the acquiring Company. The LOI will expose the identity of the target Company and provide some information as to due dilegence ongoing, standard with such propositions.
.
Source: Officer/Director of AECH, brother of AECH CEO/Director.
Possible reasons for differences in original -vs- current info, that is,
1. That the target is in Texas, USA, as opposed to South America.
a. The financing source is from South America.
b. A person or firm in South America is providing advice or some type of financial backing
Now that is speculation of course, just trying to point out possible reasons for the only differences in our data.
2. Kenneth Eades is listed in Nevada filings as the sole Officer/Director on behalf of AECH.
Mr. Eades, an attorney who handles international business on occasion was the person who brought Mark Smith, well known shell operator, together with the Gomez clan in the shell transaction.
Mr. Eades simply acted as a proxy, and has no part in AECH operations and is not a shareholder.
Mr. Joseph Emas, of Miami, Florida, AECH legal counsel, is in the process of updating the Nevada filings to reflect the proper officers and directors.
Source: Officer/Director of AECH, brother of AECH CEO/Director
Comment: I will put a call into Mr. Emas today, to finally put this matter to rest.
Thank you for your time in reading this post, I know I post lengthy ones on occasion, I want everyone to read and think. I want input from everyone here, that is how we will make money here and other places, by putting our minds to work, and putting our thoughts together as one.
As information is compiled, sources verified, and such, our comfort levels either increase or decrease, that is the nature of this business.
This is true even with the large cap stocks, its just that the pinks/otc require more dd and constant verification in our minds as to what is occuring.
So far all has checked out and Company officials are available to comment.
As information get verified, and comfort levels increase, so do share prices, this one should be a real treat to be involved with as the information is checking out very well.
The share count verified, the float verified, the Minnesota financing firm verified, the AECH clients are listed on the PR's, the coming release of news, and so on.
I will update today if I get any more info, not nearly as busy with my personal business today, thank goodness. :)
Folks, you know
That if STGI is done selling, we are going on higher on any metnionable volume, this may get very interesting today despite the fact that Friday (especially preceeding a three day holiday weekend) is historically a lackluster or down day..
It is my opinion that if STGI is done, we go up, the only possible exception to that theory would be SEAB who is sitting at .05.
Really though, there were not enough shares issued to the Minnesota firm (which I believe were being sold by STGI) to warrant the utilization of an additional marketmaker, namely SEAB.
If both SEAB and STGI stay off the ask for the most part, we will see fireworks with any buy pressure at all...
Cuttin, ur sumthing else man ...
don't wear yourself out looking, we are going to hear something sooner than later on this anyway...
I am preparing a memo to the board outling some points as we speak, will post soon.
Slim, good question
No, the company would not be required to restrict the stock as it falls under the minimum amounts thus far, set by the SEC.
Don't quote me exact on this, but I believe a Company is allowed to raise up to 1 million per year in this type of financing before any requirements to restrict any stock would be triggered as applicable.
This regulation allows Companies to raise this small amount money quickly if needed.
Folks, this chart shows the potential of a low float, patience, and steady news from a company that has things going on.
IOGH is my largest holding in terms of dollar value in the otcbb/pink trading arena, it started out as the very smallest back a few months ago, I accumulated when everyone else was ignoring it. For a while, I was the only one posting there for days lol.
AECH has less than half the float of IOGH, 1.7 m -vs- 5.0 m.
IOGH Chart, Now folks, this shows the power of patience, and low float.
AECH Daily Chart
AECH 1 Hour Chart
AECH Lev 2 Screenshot: Note STGI
skang, yes I tried looking for Mr. V, (the spelling may not even be correct or close,) but to no avail, he would not tell me anything now anyway, something is def. in the works for sure, no doubt at all in my mind now..
share price... this AECH was .25-30 before the Minn co started selling their shares back in April... .25-.30 seems reasonable pre news, but it could go much higher on momentum with such a low float...its getting a little attention already, and it appears there is more news on the way about ongoing operations not related to an acq...
As to post acq news, that would depend on how much AECH has to give up, what they are getting in return, dilutive effect (if any) on current shares, you know, things like that... of course alot depends on who the target is as well... I just hate to speculate on that really as far as share price...
We know for sure that something is in the works and will be PR'd when they get all in line, lets just enjoy it :)
Marketmaker STGI moved their ask to .25, I believe that STGI may have been placing the financing shares mentioned as part of the 1.7 mil. This, coupled with the inconsistent volume has caused the price of AECH to fall off the cliff the last few months.
I was gone all day, at what time did they move up their ask ?
This could prove to be a very big turning point, it will trade like a true 1.7 mil float if they are done...
If indeed they are finished selling the subject shares, this issue will make a very serious climb, and soon.
AECH Update
As you know, I had posted yesterday that I had left a message for Mr. Diego Gomez, (hereinafter referred to as DG,) CEO of AECH.
Late this morning, I had not yet received a return call from him, so between my incredibly boring but necessary meetings today, I called the Miami offices of AECH to reach him.
Upon answering my call, the lady assistant told me that she was going to call me today and that DG had directed her to refer me to Mr. Jaime Gomez,VP of AECH, (hereinafter referred to as JG,) at the Company's offices in Ecuador. She placed me on hold for a short time, and JG came on the line.
I am not being impolite using initials here in place of names, I feel it necessary as there are several Gomez names associated with the Company and it will prevent confusion.
Diego,(DG) and Jaime(pronounced Himee) Gomez,(JG) are brothers.
I informed JG that the AECG's Miami office had told me yesterday that he was in Ecuador, he told me he indeed was in Ecuador presently and that the Miami office had connected up via VIOP. Well folks, I will leave that to you what that is, this VIOP, but it was pretty impressive to call a Miami office and get immediately connected to a person in Ecuador and hear him perfectly well.
I had thought before I began my conversation, that I needed to be careful with my questions, as I don't wish to compromise one of my original, seemingly accurate sources.
I explained to JG that I am collecting information for an investors group that is gathering data about AECH, their operations, and future growth plans.
I asked him, at this point, what would he consider to be AECH's most well known client(s), he replied that at this point, the banks they have signed up.
Thus far, they have not signed any very high profile banks, but were in discussions with large ones. They are also in discussions with several Governments, including (but not limited to) to their respective defense departments for the biometric side of the business.
Apparently, they have some proprietary technology that can be used for positive identification, these processes may be utilized for personal id, and this greatly increases security for military applications, this also can be used for the prevention of fraud involving websites, credit cards, Government assistance programs, corporate security and so on.
He told me they have clients and revenue, some of the client list has been disclosed to the public. (as we know from AECH press releases). They have full time employees that are utilized for marketing, and training the staff of said clients utilizing their products.
I inquired about the attorney listed on the Nevada filings, Kenneth Eades. To me, this is one of the most important questions posed, as Mr. Eades apparently does not have a very good name in the public company arena.
JG chuckled and said that Eades has nothing to do with AECH, he merely was the attorney that handled the transaction between Mark Smith, and AECH officials. He seemed perturbed at Mr. Eades, so there must have been some disagreements involving the shell transaction. He did not expand on his opinion of Mr. Eades, it was not necessary, as I detected his tone.
He explained that Mr. Eades is not a director, or officer of AECH. His name was listed in the Nevada SOS documents during the shell transaction. JG informed me that AECH legal counsel, Mr. Joseph Emas of Miami, Florida, is in the process of filing the annual report with Nevada with the appropriate changes. Mr. Eades will no longer be listed in any AECH filings.
I also queried JG on AECH oil and refining ventures, he explained that this part of the business is going to take much longer to develop as there are many regulatory and environmental issues, governmental as well.
He commented about Venezuela being a thorn in many sides in that part of the world, and seemed to place some blame for the stymied progress in this area for the Company, but did not expand further.
AECH does indeed have rights and leases at several appropriate locations in Ecuador and other countries for refining facilities.
AECH is pursuing these avenues, but these activities will be slow going as compared to the ongoing and immediate growth of the Company's biometric and technology products.
I asked him if he knew the o/s and float of AECH, he said off the top of his head, he thought 85-90 m o/s, 2 m float, but said those are round numbers.
I asked if he knew if the Minnesota firm (that had given them cash for stock,) had sold their shares, he replied that he had heard the stock price was very low, so he assumed they had sold and the stock had dropped low as a result. He was surprised that I knew about the subject financing firm and the transaction.
I had him going a bit so I just decided to to break into a gallup and throw him a change up.
Keep in mind that his name is listed in the PR's as a the contact person, so he should have absolute knowledge as to all ongoing business concerning AECH.
I asked him, "so when are you going to announce the Costa Rica acquisition?"
He replied, "Costa Rica?" "You mean Texas?" "Soon"
He told me the first announcement would be a standard LOI release outlining the target and a period of due diligence for both parties.
I said, "I hear its a large one that involves stock and cash"
He replied, "Now you know I can't tell you that type of information now".
I asked him if there was any other developments involving AECH that he could share, he said "many things are going on and we will release news when we can".
As you know, I had received some independent confirmations of some type of large deal being contemplated, I felt there was enough evidence via the sources to warrant an alert to my close friends here on IHub. At that point, after the alert, the Ihub board was formed and it is providing this forum.
Now, if you will recall, (see Ibox posted yesterday) one of my sources, (the one that let the cat out of the bag yesterday about a merger/acq,) at the end of that call had told me he would refer my call for additional questions to a man on business for AECH in where?
Houston, Texas
He told me that this Mr. Vigelow (spelling) would call me, but he has not, at least up to now.
My guess is he won't, lol.
Thats what I have at this point folks, will update this subject if anything else develops.
Ken Eades was simply the go between for Mark Smith and the Gomez' buying the shell. He was a conduit, company officials I have spoken with expressed relief about him being gone.
He is no longer involved at all, this is per one of the Gomez's.
The Nevada SOS is going to be updated, their attorney are working on it now.
I have more info, nothing negative, all good, will post it later on, i have to drive to the far side of town for a meeting...
See you all later on, have meetings, will update board today a few times between, I have my phone with me, all calls will be answered in case that AECH dude calls me back... see you all soon
AECH 1 hour (tic) chart, once the fours are gone, its gonna get real jiggy :)
And this on front page of Ihub... lots of eyes here it seems...
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Will figure out this chart posting later... eom
AECH Daily (tic) chart at close yesterday:
AECH : Interesting fact:
Using the daily chart, until today, the rsi has been below 50 the entire time this stock has traded except once.
The last time the chart had a rsi above 50, was the first week of April, approximately 50 days ago, when the issue traded 195,000 shares in a range of .32-.35.
This gives one a better idea of how this just fell off a cliff:
and its not due to dilution...
lack of exposure is all i can figure..
http://finance.yahoo.com/q/bc?s=AECH.PK&t=3m&l=on&z=m&q=l&c=
Christ cuttin, they have not said a word about the oil refining or anything related since they went public into the AECH shell.
Well, that is pretty good evidence that they are not pumpers and diluters... after all, they could have already if they wished...
Lots of international attention on the oil markets, oil reserves, shortage of refining capacity world wide, and they mention nothing ?
Seems there is alot more to hear from this company.
The resources required insofar as capital for refining are astronomical, perhaps that is why they needed to merge... it sure is a possibility...
maybe they have a private co that has oil revenues that wishes to be public, AECH could have contributed their leases and/or ground to them in a deal.
I don't know, but I like this part:
Almunli S.A has strategically acquired land throughout Ecuador in order to build its mini-refineries.
Almunli expects to break ground on its first refinery in April of 2007.
They haven't PR'd that now have they ?
source:
http://aechcorp.com/energy.html
You know with the oil/gas part of the company, amazon, one cannot discount the possibility that the acquisition is related in some way to that industry, he did tell me the "merging" co is diversified..
heck, the chinese co's are all seeking merger partners with co's on US exchanges,,, why not the Latins as well ?
AECH chart link:
courtesy profitspi.com
http://www.profitspi.com/stock-chart.aspx?id=AECH&ca=1085373320
Cuttin, awesome job as usual, thank you sir.
ok. let me know when all good, great job cuttin, yur the greatest
cuttin, it looks good, you did a great job !!!
AECH update:
Folks, I have had a nice dinner with my son this evening, relaxed a bit, and had time to consider and reflect on the important phone call earlier today that is outlined in the Ibox above.
Accordingly, I have modified the subject Ibox to impress the fact that he revealed in that conversation that AECH was the acquiring company, rather than the host of a r/m. He could be mistaken about the method in place... but I doubt it, seeing as he was somewhat specific about the deal being half cash/half stock...
Thanks for your patience, the whole end of that conversation jsut threw me for a huge loop, just chatting about what the company is doing and such, la la la, then in like the last three or four minutes he drops the " so what do you think about the merger" ? on me lol Anyway, when you get a chance, check out the ibox.
All the best.
skang, I was going to buy this before the merger discussion came up in that conversation, I like the clients these folks are signing up.. and they keep shareholders informed well, 4 press releases in the month of April...the low float and communications by the co really ompressed me... really under the radar it has flown, til you and I saw it :)
As far as the large merger mentioned ? That likely would put this into dollar land or more, depending on the terms and the partner...
if its a real high profile partner, and the terms are not terribly dilutive to AECH as the host, then more than single dollars,
I like the risk here without merger, so no worries...the share price is way too low, considering who they are signing up as clients... imo