Oxymoron of the day: Business Ethics

A suspension is not a punitive measure by the SEC. It has consequences for investors and the company but as you pointed out, after 10 days they resume trading.

The SEC's investigation is confidential until they file an official complaint and involve other agencies.

Hypothetically, if they intentionally scammed investors then they have met a major qualifier for fraud, conspiracy and a whole slew of jailable offenses. You can rest assured that if the SEC think this is the case, they will continue to investigate. Take a look at SPNG to see what I'm talking about.

ACLH made an amateur mistake here. The SEC did give them a slap on the wrist but they also prevented them from trading as a viable company for the foreseeable future.

I try to put myself in the position of BP, dealing with a massive spill that may eventually lead to Chapter 11 for them no matter what they do.

ACLH lists one employee, the CEO. The financial statements, which should be a good reflection of the valuation of the company and its ability to raise capital are bare. They don't have a mountain of debt but they don't have a mountain of anything really.

The connections to the other companies it deals with are confusing and not outlined anywhere. I highly suspect this is just a group of good ol boys trying to make something work. The problem is for BP to sign off on a purchase order they need much more than just a patent. They need a company that has the capacity to produce and deliver the product. It's of absolutely no use if they can't deliver anything for the next 6 months.

There is no evidence on the financials of any company infastructure that would indicate manufacturing. The statements are not composed in a way that would even indicate they are a manufacturing company.

I don't doubt their fluidizer works but for ACLH this spill happened too early and should never have been the focus of their PRs. They should have never harped on a contractor having a relationship with BP but I suppose it was too luring for them to resist. What's the harm, right? Who is going to care. They get investor interest with the BP statements and then change sentiment to talk about the LOIs they've issued for fluidizing the land wells.

The good news for ACLH is their company doesn't seem to be structured on shareholders. As I said, it's not really much of anything right now. IF they remain on the grays, it won't hurt the company. They can continue to operate as a private business with public responsibility. They might attempt to get themselves off the grays but honestly if they pulled such an amateur move as to ignore the SECs requests for clarification, I can't see them wooing a market maker and dancing with FINRA to get this done.

It's taken me a few weeks to generate this opinion and I did sell at a significant loss. Fortunately, most of that was gains from another stock but its still a big hit to my wallet from a misguided decision to ignore the SEC. We don't keep driving when the Traffic cop puts his lights and sirens on us. Why did ACLH think they could keep going? They got caught and will probably get off with nothing but a crippled ability to trade on the pinks. And so we see the major difference in being a company and being a person but that is a debate for another day ;)

Good luck to you all.

I think it's important to point out that the SEC suspended ACLH because they made statements that in the opinion of the SEC were not true. They intentionally (or maybe unintentionally) misled investors and that is Fraud.

When you sign up with a broker, the 27.00 assisted fee and OTC terms are all outlined in an agreement that you signed. If anything the lesson is to read what you sign your name to.

Uhm, maybe you should look at their quarterly report. Their only real asset is their unconsolidated investment in another company which seems to have magically gone up ~1 million dollars last quarter, when they had no sales or revenue to speak of. Something tells me that is the aforementioned uninterpreted derivative that keeps them from having a true GAAP format.

It's not incriminating to update investors as to what you are doing. 10 days of silence after issuing PRs for weeks is incriminating as well.

In my mind, there is no conceivable GOOD reason why a PR has not been released. Their company was SUSPENDED by the SEC. You would be hard pressed to find short-term action that is more severe from the SEC. Their silence speaks to their guilt imo.

No. I have E*Trade and live orders

edit: oh, to buy. well I don't know about that

Well some nutballs are dropping at .002

Well some nutballs are dropping at .002

oh indeed

or raising capital for all the money they just spent on lawyers.

Yeah well I don't have any bid/ask so far as I'm concerned its on the grays. Pinksheets operates the gray market tier, so it can still say Pinks and be Grays.

No 6 a.m. PR.

Bed time. See you guys at 9:30. I'll have the stretchers ready.

I suspect if BP buys ACLH, FINRA would find cause for such an extraordinary event and those are the kind of things that make non-regulatory halt. However, they almost never happen.

I don't think so. TDA might be showing bid/ask but I couldn't get anyone to post a screenshot so that might just be smoke up the you know what.

I checked OTCBB and there is no bid/ask listed for the stock. I think we are going to open on the grays.

MMs are mostly automated. They would pop back on the bid if there was an L2 to be had I think but who knows with this. I'm waiting for 6 for a PR, getting some sleep and see what 930 brings.

Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
0.0415 0.000 (0.00%) 0.000 x0 0.000 x0 0.000 - 0.000 0

That's my L2.

Post L2 then. List some MMs quoting current prices on a suspended stock at 1 in the morning the day it resumes trading.

Not true, a non-regulatory halt can be requested when a company is going to release major news, like a merger or if there is a big buy/sell imbalance.

I got nothing on E*Trade Pro.

I have some orders in at .0001 to catch some of the knuckle heads who sell at market lol...

The same as you place an order now.

Make sure it's a limit and you will have to keep adjusting your price.

I'm pretty sure all IR's have to post a disclosure statement and that option is readily available for them to do on iHub. This user hasn't.

Well professionalism just took on a new tone :P

2009-Oct-20 0.03 0.04 0.02 0.03 62,104,700
2009-Oct-21 0.03 0.07 0.02 0.06 284,688,800

Well, my PRs cost be about 685 a pop. Might as well save their breath and be more effective tomorrow.

Well, the market maker is my best friend and he and I have a long history of him taking my shares when I no longer want them. That's the relationship that I value and now I can't have it with this company. So, I have to rely on other investors to take my shares -- no thank you.

I don't think anything they say is going to make up for being on the gray market.

I would think that as Investor Relations he would have a vested interest and knowing what market the stock is going to open on. He can't be kept in the dark when 100 people on here know where its going and 30 seconds of his time on pinksheets.com will indicate where they think its going to be listed.

Something tells me today is a bad day to look at this board. everyone is going to be throwing all their cards on the table :P

Only institutional trades can be pushed on OTC stocks before or after the market. There are no MMs on the grays to do that, so I wouldn't be concerned about that happening.

They are very close to being in GAAP format though, someone just needs to interpret the derivatives.

FINRA doesn't require it, but no one is going to just take their word that the statements present a fair valuation of the company. The need to get themselves audited and I"m sure they know that.

I'm going to call him and ask to be his assistant because after Wednesday I'm going to need a job.


I'll be sure and filter out all you iHub people :P

Oops, wrong board.

The gray market is a complete gamble. It's one step away from buying stocks on the corner :P

"do you have any idea how long that process takes? can you provide any examples of any other companies who have sucessfully completed the process? the process requires audited financials. have audited financials been done? how long does it take to do audited financials? this is the process, right? "

I know of at least one company but I don't feel comfortable stating the company name because I don't want to engender false hope. It took that company months and for every 1,000 companies that go to the gray market, maybe one emerges as this company did.

I do remember a comment by the company that they would pursue one market maker at a time and some took the effort to start the process and then abandoned it when they saw how difficult it was. It took them a few years to get off the grays. No one should take that risk with ACLH. No. One.

Audited financial data has not been produced. The financials would indicate if they were audited. First they have to obtain a Certified public account and then provide all the data necessary to create the financial statements, what they came up with and then the process can begin. It generally takes a few months for a company this size.

Wednesday.

If by a few months you mean November of 2009.

I'm sure no one minds waiting another 6 months for it to go back up, right guys!?

A form 211 from an MM, commented on by regulators, returned to the company and the regulators comments satisfied.. and then a quote would be published on the pinks.