Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Tell me how you really feal LMAO............ The reason to go to this trouble is because of the leverage we would have with Mr. Stefoglo. I don't feal like explaining it furture to you at this point.
That's a very gental letter so far. I would suggest that a reference be made to legal action to impress the urgency we feal as stockholders. I would also request a update on the millions of dollars Siam was to spend to build the Canadian reactors as part of their contract agreement before the end of Aug.
Look I'm stuck in this company, and I've made it very clear I'd walk away if I could.
Rebuilding a company isn't easy, and it's a situation where our options are limited. One things is for sure if we intend to follow up on this and take control. The home office is going to be state side, and not in Canada. We don't need the added head aches of trying to function across boarders.
Has anyone contacted (called) the Delware corp div, and found out if there has been anything filed concerning Siam, or new corprate officers. If there hasn't been we can move ahead with the process, and file crimial charges against the corprate officers in the state of Delaware for serval cases of issuing falsified public documents damaging investors, and the company, and for failure to carry out the legal respondsibilities of the corprate officers. Basicly Fraud charges against the company officers, and possibly imbezzelment charges if the books don't balance out.
If you guys want to make this work, and put this little company back on the map. The back taxes will have to be paid, and the old T/A will have to be paid off, along with all the monthly bills. At .05 per share it will take about 14 million shares of reserve stock to do it. To balance out this stock expendature suit would have to be filed against Cavasin seeking his 68 mil shares (if he still ownes them) as damages for the company. This would give the company a net increase of reserve stock to rebuild and recover of 54 mil shares. Apx $2.7 mil dollars at .05 per share. If the company still has 120 mil shares in reserve stock ($6,000,000 @ .05 per share) The company would have apx $8.7 mil in working capital available. That's enough to build 3 or 4 large reactors, and generate a positive cash flow. While leaving 2 mil shares in reserve to pay salary's, bills, or just remain as a buffer.
As you can see there are a lot of "ifs" that need to be solved
, and we can get most of those gray areas answered through the State of Delaware, and the Fairross T/A records. Someone should contact the people that leased the office to Alcar, and make arrangements to have all the records, and papaer work picked up by one of us, before they chuck them in the dumpster. These should also help us to figure out what bills need to be paid, and their amount due. If there is anyone that lives close to the Canadian office please let us know if you can pick them up, and we can elect someone to the roll of keeping the records on file, and trying to give us a balance sheet to see what we need and what we have. Perhaps a Delaware judge could issue one of us temp officer of the company statis to collect docs, and set up a temp office. OK at least one of you guys has a beakground as a attorney, and can get themselves set up as a temp officer of the company. Lets get with the program chop chop, and pull the pieces togeather to see what we have to work with.
There is no time left to drag your feet, and chew the fat. It's time to get some answers by setting up a legal temp officer to get basic answers from the Fairross company concerning the number of unsold shares still left in the company coffers, and to follow up with the state of Delaware on tax issues, setting up a new set of corprate officers, and handling the criminal charges, and suits against Cavasin, and current officers.
As far as being able to pay this person for their services, and time it would have to come in the form of a stock payment down the road, and I for one would be willing to agree to a 1 million share payment for services to get a new legal set of corprate officers set up, and a active transfer agent. Lets face the facts here, that million shares will have some real value if we can put this togeather.
I for one don't have the legal background to do what needs to be done, and I'm left coast and as far as you can get from Delaware. So I'm allocating to you guys and gals the first basic steps to bringing our company back to life. Once we've got it back on track then we can build this thing the way we have invisioned it.
Or plan (B)
You can do nothing and have nothing. You'll find your luck is only as good as your effort.
The scam IMO involves all the corprate officers of the company, and prehaps the ability to make ethanol with this process is bogus. I do believe the process has value in it's ability to break down cellose into usable compounds. The process isn't new tech, and has been around for decades. The Stefoglo improvements may or may not have merit, but it's reasonable to believe they could, and may improve yeilds as stated in the companies white paper. I hope this answers your question adiquitly. To find out more about the ethanol process you would need to contact the R&D dept with BHL to find out if the enzyme process showed any level of success converting cellose to ethanol using the Alcar process.
I agree we need to take action, but there is nothing to be gained in a lawsuit against a company with no tangible assets.
I would prefer to take control of the company away from Cavasin, and try to revive our little company. As it stands Cavasin holds controling intrest with 68 mil shares, and the goal is to relieve him of those shares, and place them back in the company acct. How do we do this?
No.2 We have to relieve Cavasin of his CEO position, and his girl friend of the president position, and any other person on the management team, and establish a new group elected by the stockholders. How do we do that?
If this company has a registered BOD they need to be replaced, and if you choose to persist in a fruitless lawsuit the BOD better be included along with Stefoglo. Stefoglo can deny any association with the company, but he has never come out publicly and said such. He also has family ties to the company I believe.
Anyway the first plan of action should be to contact the state of Delaware corp div. and find out if SIAM has registered a new CEO, or any other corp heads for the company. If no, we proceed from there to elect a new CEO on a temp term basis to establish a T/A, and pay the bills up current if enough company stock remains unsold to bring us back to life. Only Fairross can answer the question of how much stock remains in the company coffers, and they won't release unless we are willing to pay the balance owed. I for one would vote to pay the back accts and get a sharehold record, by selling company stock. Lets do it boys and girls. I'm sure Stefoglo will be willing to work with us concerning his control of the conversion process to keep his butt out of civil court.
You might as well tell them your share count. I don't want be to be the only major bag holder. lol
Chuck the company doesn't pick up their mail from the post office, or have a forwarding address. So any communication between the sec and alcard is non existant. A no reply to the sec will trigger additional mailings, and a no reply to those will be bad juju for the stock.
Could you name another stock trading that doesn't have a T/A?
4/3/07 and if you go back through PR's you can determin if it qualifies, and make your own judgement as to the value.
Well it's the bottom of the 9th, and you team has 2 outs. The scores 26 to 0.
I've bugging my broker constantly for any news or details they might know. Our lastest chat implied you won't have long to wait, before the games over. The broker wouldn't give me the answers I wanted to hear, beating around the bush, but it looks like the stock will have trading suspended the end of next week, or week after. JMO
Forsale 1 million share cert................... I'm willing to let it go at .01 per share. ($10,000 US)
If you want it contact me at pinkeyepete2@yahoo.com
I've never sold a cert in this manor before, but it can be done. I'll have my brokerage handle the transaction, and I'll cover whatever fees are involved. That's a deep discount from the current price folks, and might make you rich if you believe the company has a future.
Nope................ Scottrade doesn't allow shorting a stock below $5. Maybe there is a few out there that do, but I don't know of any.
If any of you use predictive charting, to me it looks like we have a target price of $1.50 to hit in about 2 month for a wave 1 elloit peak.
How long ago did they start this audit? Hmmmmmmmmmmmmm it sure seems to be past due.
and he lifted your wallet while you were reading the white paper.
Forsale 1 million share cert................... I'm willing to let it go at .01 per share. ($10,000 US)
If you want it contact me at pinkeyepete2@yahoo.com
I've never sold a cert in this manor before, but it can be done. I'll have my brokerage handle the transaction, and I'll cover whatever fees are involved. That's a deep discount from the current price folks, and might make you rich if you believe the company has a future.
Email me contact information so I can reach you.
pinkeyepete2@yahoo.com
It can be sold to someone in a personal transaction 1 on 1, but it can't be converted into trading acct shares without a T/A. It's like selling a car I just transfer title of ownership, and have my broker do the paperwork to keep it legal. That's the way things were done 50 years ago before they had transfer agents, and electronic trading.
That's right Kazorchian!!!! you can buy my 1 million share cert for .01 per share. You'd be up $8000 at the current price. If you believe in this company then here's the deal of a lifetime.
I'm convinced, buy my cert for only a penny a share. $10,000 and you can be the proud owner of 1 million shares of acmg. Don't let this once in a lifetime deal get away.
Forsale 1 million share cert................... I'm willing to let it go at .01 per share. ($10,000 US)
If you want it contact me at pinkeyepete2@yahoo.com
I've never sold a cert in this manor before, but it can be done. I'll have my brokerage handle the transaction, and I'll cover whatever fees are involved. That's a deep discount from the current price folks, and might make you rich if you believe the company has a future.
I did after I posted and you go back several years. I think you must enjoy bitching about this stock, because you've got hundreds of posts doing it. I got a good laugh over it.
Sorry, but that kind of personal information isn't going to be given out to anyone. I will tell you I hold a cert for 1 mil shares, and if the company had a T/A you could get verifacation from the issue number, but they don't.
Is Alex a liar? Where is the production plant in the B industrial complex? That my friend was a big fat one. He didn't have a agreement to use the patents for the plastic resin production, yet he claimed they were his Hmmmmmmmmmm does that make him a liar? The guy who does have the patents said Alex lied about being able to make ethanol with the process. Hmmmmmmmmmmmm does that make him a liar? He didn't pay his bills, or taxes, and claimed some off the wall company (Siam) without a address was paying millions for the company and would have 4 reactors running in Aug 07. Does that make him a liar? He has no forwarding mail address, and honest people don't hide like that.
I will not pump a company like this one, and will tell it like I see it. My cert is worthless and untradeable at this point. If you want hard proof just call Alex........ Oh that's right he's disappeared. Maybe you could find him over at the industial complex where the production plant is ............... Oh I forgot there isn't any production plant is there. I guess he made a mistake with that PR. I'm sure you could reach him through the trasfer agent, But there isn't one is there..
He's a crook..... end of story
I see Sky-King is still the master of negative PR for Veltex today. It seems very hard to believe all these negative posters own stock in this company. Could it be a negative PR campaign to help a unnamed loan company recover shares on the cheap? It might be worth a look going back to Jan 07 to find out if these posters were around, or if they are just paid hatchet girls making minimum wage to slam a stock?
The long term distribution chart shows well over 100 million shares sold into the market in 06 and early 07. So Alex sold most, if not all of the companies reserve shares into the market before the pump job with Siam. I believe he sold his 68 mil personal shares during the big pump job, and then walked away from a company with nothing left to sell, and no value left in the company. He basicly ripped stock holders off for about $7,000,000 million US dollars in about a year. Just can't say enough nice things about F@#$%^^&g Alex.
Thanks but I can't pull up a chart in my trading system, but Yahoo has a page for the company. I'll do some DD on it.
You can add me to the idoit list with my 1 mil acmg shares.
Just stopped by to give you guys a update. It's starting to look like Fairross isn't a real company, and only a empty office. They don't answer their phones, faxes, or mail. Scottrades main office has been trying for weeks to get in touch with Fairross, and Fairross has given no response.
I wonder if the doc is buying back his 68 mil shares to keep his butt out of jail. lol
You know on paper I've made back a bundle this week. $12,000 off the .009 low area. BUT without a T/A it's just not real, because I can't sell a share from my cert.
Anyone check with their broker to find out if the stock has a T/A this week?
Paul I'm not sure why your so down on Veltex. Why do you own the stock if you don't see any up side. Maybe you don't, and have other reasons for slamming it, I don't know.
I can't see why Veltex would bother with trying to provide audited financials for last year if they didn't make the .256 cents per share they claimed. You sould also note my projections are based on the release of that audit. I reposted so you could read it more carefully this time.
......................................................
Your right fundimentals give a stock value, and here's a comparison with Nich. Both are in the same business, and both are growing, but Nich has their financial house inorder, and trades above the pink sheets.
Nich 5.3 mil shares fully diluted vs. 22 mil for Veltex. Net earning for past 12 mo for Nich .15 vs. .256 for Veltex apx. Nich P/E 24 vs Veltex 1.3 apx. Veltex value at P/E 14 = $3.58...... at the same P/E 24 as Nich, Veltex has a value of $6.14.
Both companies are in a high growth phaze, and clearly Veltex is highly under valued pre audit. As far a bang for the buck goes Veltex offers the best return for risk.
It's in position to out preform WITM hands down at the current stock price. I don't know if it will ever be valued as high as Nich, because it trades in the pinks, but a P/E of 14 is reasonable to expect with audited financials.
Your right fundimentals give a stock value, and here's a comparison with Nich. Both are in the same business, and both are growing, but Nich has their financial house inorder, and trades above the pink sheets.
Nich 5.3 mil shares fully diluted vs. 22 mil for Veltex. Net earning for past 12 mo for Nich .15 vs. .256 for Veltex apx. Nich P/E 24 vs Veltex 1.3 apx. Veltex value at P/E 14 = $3.58...... at the same P/E 24 as Nich, Veltex has a value of $6.14.
Both companies are in a high growth phaze, and clearly Veltex is highly under valued pre audit. As far a bang for the buck goes Veltex offers the best return for risk.
It's in position to out preform WITM hands down at the current stock price. I don't know if it will ever be valued as high as Nich, because it trades in the pinks, but a P/E of 14 is reasonable to expect with audited financials.
It's been a good momo play up to this point, but don't expect it to last.
The cert is in my name, and there is no T/A according to the DTC.
Still no transfer agent for acmg. How long before the SEC halts trading in the stock if there isn't a T/A? Does anyone know how long we have before acmg disappears off the map one morning? There must be some time line rule that applies to a stock without a T/A.
Yes they won!!! and the loan company has to buy 2 million shares on the open market to replace shares that were to be held in escrow. It's a on going drama in the court, and it looks like the loan company has failed to comply by purchasing those shares by the 28th of June. The judge is going to be very pissed at them, and force the buy back through a 3rd party I suspect in a short period of time. Might get some public record details next week, and how the fedral judge rules. It's very good for stock holders that's for sure.
The audit shouldn't be out until after the 28th. If you don't understand why already, I'm not at liberty to give a full explanation. It has to do with the lawsuit that Veltex won, and time period ordered by the court. Which ends on the 28th, and then we can get some PR's from the company. At this point Veltex looks like a winner going forward, but you never know in pinky land.
.27 is the 50% Fib retracement, and would complete wave 2 in elliot theory. Then we start major wave 3 up which should be the largest up wave to a minimum of .51 cents, and as high as .75 cents. With news it could go way beyond this point.
I'd love to sell my shares, but without a transfer agent they are stuck in my acct with no where to go. The DTC refuses to except the cert without a T/A. So you think Alex still owns those 68 million shares. Well that would indicate he sold around 70 mil of the company stock into the market, and that there would be very little of the 250 mil total shares left to sell in the company, and more or less leave the company broke and unable to raise any capital, but that would require a form 502 to do that if I remember correctly. The stock had already distributed these shares before we got listed on the nakid short list. So the finger points to Alex selling everything, more than anything else that could have happened. You got robbed along with the rest of us.