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Johnnie Lee Bitters should be voted CEO and shareholders should allow a vote of 750 million authorized shares. This would give ample monies to get this thing started.
Trotts, no doubt. Back-up plan already being discussed i'm sure. Voting no saves the shareholder and the company!
Bring Bitters back to the table, vote no!
Fish, I'd like to compare Bitters latest barrage of useless PR's as to a travelling vacuum salesman. With no insult to the Vacuum salesman, at least the product he sells picks-up the dirt from your carpeting, and he actually demonstrates the products ability to work. Even if you do not buy the vacuum, the traveling salesman will clean your carpet and try to sell you his product knowing it will perform.
Bitters on the other hand is selling you nothing for your hard earned shares. His production expenditures and production numbers are evidence of such. He says it will be good for the company, but we all know it will cause dilution. It is also much WORSE reverse splitting than allowing him to authorize 1 billion shares. In the end, the travelling vacuum salesman becomes the more honest person.
Shame on anyone who believes this Reverse split is good, because it is not good, it is outright criminal!
Good Morning fellow Seaway Valley Capital shareholders, a new glorious day it is!
Why has this lack of communication issue not been addressed years ago, and why is it being mentioned now?
Answer: He now knows he has no shareholder support due to his past performance, and desperately wants shareholders to approve his reverse split. He is so poor at shareholder relations, he only reverts to Joe Christopher even in his darkest hour he releases a statement as follows; "The Webcast will give shareholders the opportunity to call the Offices of AMEP subsidiary Oil America Group at 972-636-5150 or emailjchristopher@oilamericagroup.com to ask questions about the June 30, 2007 10-Q then go to www.oilamericagroup.com to listen to the Webcast.
The past history of AMEP has shown his communication was very poor, and that this company never followed up on any press releases. Production news and numbers were sporatic and irregular. Evidence, look at the latest flurry of news and ask yourself what does it all pertain to? You got it, the reverse split. He needs money, at the shareholder expense.
One might say, hey, Winnotlose, isn't this how companies raise money, by selling shares?
Answer: Yes, but not after issuing almost all of the 500 million shares, private placements, and borrowing till you owe even your own brother where it affects day to day business.
Even to date, a net loss of $1,559,992 for the six months ended June 30, 2007. Oil and gas prices are at all time high's people! Revenues decreased $124,295 or 15%, to $694,612 for 2007.
Where does the money go?
Answer; Production! 6 month loss of
$1,343,070.
This man cannot produce oil and gas sucessfully!
Voting no, either fire Charles Bitters, or sell the rigs at auction and get money back to shareholders for the poor management!
Sounds like the "untrusted banks" do not trust Charles Bitters. Does this sound like maybe the truth? Maybe he cannot get a loan?
Fool me once, shame on you, fool me twice, shame on me! Seems like rock bottom has been reached here, and I'm not budging on my no vote. Today was another embarassing day for any investor in this company. The statement made by CEO Bitters was the following; Charles Bitters, President of American Energy Production Inc., stated, "This Webcast will give the Company the opportunity to begin communicating with the shareholders on regular basis."
1; Why has this lack of communication issue not been addressed years ago, and why is it being mentioned now?
Answer: He now knows he has no shareholder support due to his past performance, and desperately wants shareholders to approve his reverse split. He is so poor at shareholder relations, he only reverts to Joe Christopher even in his darkest hour he releases a statement as follows; "The Webcast will give shareholders the opportunity to call the Offices of AMEP subsidiary Oil America Group at 972-636-5150 or emailjchristopher@oilamericagroup.com to ask questions about the June 30, 2007 10-Q then go to www.oilamericagroup.com to listen to the Webcast.
The past history of AMEP has shown his communication was very poor, and that this company never followed up on any press releases. Production news and numbers were sporatic and irregular. Evidence, look at the latest flurry of news and ask yourself what does it all pertain to? You got it, the reverse split. He needs money, at the shareholder expense.
One might say, hey, Winnotlose, isn't this how companies raise money, by selling shares?
Answer: Yes, but not after issuing almost all of the 500 million shares, private placements, and borrowing till you owe even your own brother where it affects day to day business.
Even to date, a net loss of $1,559,992 for the six months ended June 30, 2007. Oil and gas prices are at all time high's people! Revenues decreased $124,295 or 15%, to $694,612 for 2007.
Where does the money go?
Answer; Production! 6 month loss of
$1,343,070.
This man cannot produce oil and gas sucessfully!
Voting no, either fire Charles Bitters, or sell the rigs at auction and get money back to shareholders for the poor management!
Dictionary ; credibility
SYLLABICATION: cred·i·bil·i·ty
PRONUNCIATION: krd-bl-t
NOUN: 1. The quality, capability, or power to elicit belief: “America's credibility must not be squandered, especially by its leaders” (Henry A. Kissinger). 2. A capacity for belief: a story that strained our credibility.
IMO, excellent better number this reporting period. It will only get better.
Curiously trading, imo, soon to explode upward.
Face it, Bitters knows his goose is cooked, and shareholders are fed up with his smoke and mirror show. After the vote, its back to his old Tom foolery.
Fool me once, shame on you.
Fool me twice, shame on me!
Rumor about stock rise is that Cavasin may have been seen alive along the New Jersey Turnpike towards Newark International Airport picking garbage from the roadway, examining it for potential renewable energy. My sources tell me he looks like Forrest Gump and is filthy and unshaven pushing a stolen shopping cart!
Hell, even I might buy some more ACMG based on this news!
Desperado, why don't you come to your senses!
Thats what Bitters and crew are, desperate souls begging for more money.
What Bull! Charles Bitters, President of American Energy Production Inc., stated, "This Web-Cast will give the Company the opportunity to begin communicating with the shareholders on regular basis." What a desperado. Still voted no!
Voted no, Bitters tells me so!
322 million shares or 448 mil outstanding? SEC report shows 448 million!
But, I'm still buying!
Bitters proof was just posted in the latest filing, he could not do it with 500 million shares, financials are proof of his past screw ups, I would not give him dime!
Only you Hawk could accept a 1.6 million dollars, 6 month operating loss as a good thing . Revenues decreased 8 % to a measly $328 thousand. If Bitters gets retarded shareholder approval, you will only see dilution. Face it, Johnny Bitters and Charles have milked this cow dry for too long!
Johnny Bitters is going to get his share soon once the reverse split fails.
As of JUNE 30, 2007 the financials are reflective, share sales as of 08/14/07, soooo, I think we need an audit from 6/30/07 to present for debt payments for Seaway?
GSCR's books should reflect debt paid off, no?
Where does the 10Q show debt payment and how much?
outstanding shares 448,243,730 8/14/07. Too much dilution.
The number of outstanding shares of common stock as of August 14, 2007 was:
448,243,730
IMO, Everytime Hawk posts he loses credibility, just like AMEP when they post. So keep posting Hawk!
Shareholder lawsuit against Alex Cavasin.
Hawk makes AMEP sound like Haliburton!
Hawk talks like a broken record.
Don't guess, forget voting yes!
No offense Hawk, call Joe Christopher: 1-800-417-3670, I believe he will tell you something different regarding "profitability".
He is dead? for sure?
ACMG, FRAUD ALERT! FRAUD ALERT!
ALCAR Chemicals Group Inc.
NEWSLETTER FROM THE CEO
October 20, 2006
Dear Shareholder,
In our last press release we announced a new and exciting phase in the commercialization of our biomass conversion technology - a phase that, through worldwide patents, is opening new doors in implementing our business plan.
This important milestone allows us to become a lot more forthcoming on public disclosure as secrecy, strategic issues and stringent confidentiality agreements previously limiting our information exchange and publication will now become less of an impeding factor.
These patents are the real value behind our technology and the protection imparted on it will allow us to move beyond superficial talks, opening the possibility to share in depth details and providing us with the required tools to continue negotiations on licensing agreements with prospects worldwide requiring quantities well beyond our production capacity. As a matter of fact, we are presently in advanced negotiations with two major corporations, one located in Europe and the second located in Asia, for possible licensing agreements of our technology. In addition, a third group has recently expressed its interest in our technology and initial discussions have been undertaken, with strong indications for rapidly proceeding negotiations. The progress is promising and we are expecting to be able to post some positive news over the next weeks.
I would also like to take this occasion to inform you on our progress for an IR department dedicated to better our communication with you. Our advancement in this department will reflect itself in a new and compressed, better presented, investor fact sheet which will soon become available to the public on our website.
Our new business plan – which is presently under revision to accommodate the significant changes and additions brought forth by our latest developments - will be finalized and we will be able to make it available to the general public via our website.
I would like to encourage our investors and the general public to contact Mr. Steven Sun for any additional information at the following address: steven@alcarchemicalsgroup.com
Thank you to all our shareholders for supporting our project and the environmental and economical benefits it represents.
Alex Cavasin to be put under SEC investigation.
Voted no, Investing should not be similar as the game "Grand theft auto"!
I really believe Cavasin is dead.
To; Greeneyedhawk, If a "business decision" it came to for the r/s, everyone would vote no correct? I mean if really, as you say, a "business decision" were the reason to vote one way or another, why business wise would anyone allow someone to TAKE 1-25 shares of stock? If you were a Pizza man, and someone said, Mr Hawk, I want 25 cans of red sauce for every one you have, would you give it to them? You would if there were a condensing measurement to the one can you were getting for the 25 cans, but a diluting effect on your 1 can of red sauce? You would be out of the pizza business in 1 day.
Hawk, you are right in one sense, this is BUSINESS. Investing is a business relationship, one not of friendship. I will not allow a failing company who pumped press releases on great wells and rig ownership to take almost over 1 million of my hard earned shares! You may enjoy your friendship with Charles Bitters, I dislike him as a business man all together.
The reverse split is where we disagree Mr. Hawk, Charles Bitters has given NOTHING back to shareholders since his birth of this fine mess. Enjoy your reaming from Charles Bitters!