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Kevorkian, stop drinking the kool-aid and breath some fresh air dude, the stock has tanked, and the CEO is lost-in-space!
No phone answering, no office finding, no SIAM contact, no transfer agent, no product, no construction, no nothing!
Pinkytoe, Well, is what I post making you think a bit? Stirring your grey matter a little? It should. And for your information, I do not drive this current company or its stock price, Management in the form of Cavasin and the markets control it, so do not show your inexperience with this foolish statement.
If you have to ask the question, then you are thinking an answer no?
Then, admit, you are thinking something may be wrong, no?
Bethany, your post includes the following exerpt the rest of this board should really pay attention to, here is the key point;
"The volatile price movements and press releases associated with this company have many of the characteristics of a pump and dump type of stock manipulation. I have attached an "Investor Watch" posted on the OSC website that provides a description of a "pump and dump" that you may find to be of interest".
Soooo, I looked up a great article on pump and dump, and look what I found!
Ask FoolU: Penny Stocks
By Jay Perlman (TMF Jay)
February 23, 2000
"Whatever the medium, the scheme, known as the "pump and dump," is always the same. Microcap stocks are great targets for pump-and-dump schemes because they are low-priced and thinly traded, and it's easy to gain control of the company. For example, if a company has 1,000,000 shares outstanding and trades at $0.10 per share, anyone can gain control of the company for as little as $60,000 ($0.10 multiplied by 600,000 shares). Once a fraudster and some of his associates have control of the company, the price manipulation begins. Dissemination of bogus press releases and choreographed buying and selling give the appearance of legitimate investor interest, so the price begins to rise. Investors, not wanting to be left behind, begin buying, which leads to further price increases. When the price gets to a certain level, the fraudster and his buddies dump their holdings for a handsome profit. The "dump" causes the price to collapse, leaving innocent investors holding the bag.
Warning Signs
Pitches that say you can get in on the ground floor of the next big thing
****Companies that make sudden shifts in their business
****Mergers with companies that nave no assets, operations, or products
****Press releases with information you can't verify
A sudden unexplained increase in the company's assets or stock
Promoters who bury the fact that they've been compensated for promoting the stock
Sudden increase in traffic on financial message boards
SEC Cracking Down on Spam 'Pump and Dump'
http://www.internetnews.com/bus-news/article.php/3664671
http://www.theregister.co.uk/2006/12/28/sec_freezes_stock_scammer_accounts/
http://securitywatch.eweek.com/exploits_and_attacks/sec_freezes_hightech_pump_and_dump_scheme.html
Dear Shareholder,
I am proud to announce that, despite some delays caused by prolonged negotiations for our facility, we had steady progress on all fronts. We are presently about three weeks behind schedule but expect to make up for these delays as facility plans and equipment designs are several weeks ahead of schedule; this fact will come into play and help advancing significantly faster by mid to late November.
Funding – the second trench of funding has been completed at the same conditions as the first. The funds were entirely allocated towards engineering which allowed to finalize the equipment plans and designs way ahead of schedule.
Facilities & Operations - negotiations for our manufacturing facilities are now concluded. The delays caused by the prolonged negotiations were well worth it as we are now acquiring a 50,000 sqft facility with 400,000 sqft of room for expansion, at a seriously discounted price. Once the acquisition completed I will be more than happy to post the details. A new occupation period is now foreseen for the third week of October while the plant plans are being finalized.
Other activities – According to our accountants the audited financial statements are foreseen to be ready before the end of November.
As far as IR/PR is concerned, I have opted against this approach as I personally do not believe that it would increase our visibility in a positive manner. I believe I am serving the company and you a lot better by allocating the funds that would be required for such publicity stunts towards operations instead.
I will, however, make true on my promise to better respond to our investors by implementing our own IR and a specialist will be hired and brought up to date during the month of October.
Since our existing contracts already require the full capacity of three reactors, our marketing efforts have now been oriented towards licensing of our biomass conversion technology. I have several stops in my travel schedule for the next week to negotiate, among other things, potential licensing contracts, three of which are already engaged in advanced talks.
Our negotiations with A-M Polymers towards grouping the two contracts into one single agreement including a delivery schedule have been successful. I will be meeting M. Terki next week to finalize the new contract which will be mutually beneficial and I will post a new update and possibly a PR on the progress as soon as we have tangible developments to announce; in any event, I will commit to the next update report being posted by mid October.
Again thank you to all our shareholders who support this project.
Sincerely,
__________________________
Alexander P. Cavasin
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.
Sincerely,
__________________________
Alexander P. Cavasin
Uptick? No real buying at all.
There is no support, bottom still coming, unfortunately
Since announcement 2 months of falling!
Down AGAIN today. Constant drop continues!
Anyone who read or who was exposed to the bevy of news releases would have purchased a portion of shares. Cavasin's statements were more than convincing. Unfortunately, there has been NO follow-up, and investors are left hanging for now.
Hawk, traditionally AMEP puts out news, but never follows up on any of the news they put out. Do you think now they will follow-up on the latest news? If so, why? Thank you
Contacted Cavasin about my dividend, no response yet, that was 2 month's ago
Sorry, I don't agree. Shares outstanding x pps = mkt cap of company, anyway you dice it.
Dilution has killed this stock, chart says it all
Truth always hurts, unfortunately.
Cava-sham, lol, too funny. Everything about this company, the website, the press releases, the information, the location, the investment group, the strategic alliances, and the CEO, along with others all seem to be unreachable and without any merit.
What does this tell you folks!
Alleged "best news ever" with a tanked price per share, anybody's bells ringing in their heads?
OMG lower than ever, Ehhh!
Check this out, look at this language!
"With the funds now in escrow and a definite agreement to be signed on or before March 21st 2007, we have taken the proverbial bull by the horns and have assigned the contracts for the construction of four reactors," said Dr Cavasin. "Only three reactors were planned, but an additional reactor will initially be used to prove the viability and economics of our process when used for ethanol synthesis and will later be switched to polyols production to insure the quantities of our contractual obligations will be met without delays," further added Dr Cavasin.
The company stated that, after some unforeseen delays have slowed the auditing process, its audited financials will be finalized and made available very shortly. The company expects to be in the position to apply for and advance to the NASD OTCBB and or NASDAQ Small Cap within the current year.
Downward slide is due to Cavasin's intentional lack of regard for investors without the benefit of regular updates. He calls that short selling, caused by HIMSELF only!
There is freedom within, there is freedom without
Try to catch the deluge in a paper cup
There's a battle ahead, many battles are lost
But you'll never see the end of the road
While you're traveling with me
Hey now, hey now
Don't dream it's over
Hey now, hey now
When the world comes in
They come, they come
To build a wall between us
We know they won't win
Now I'm towing my car, there's a hole in the roof
My possessions are causing me suspicion but there's no proof
In the paper today tales of war and of waste
But you turn right over to the T.V. page
Now I'm walking again to the beat of a drum
And I'm counting the steps to the door of your heart
Only shadows ahead barely clearing the roof
Get to know the feeling of liberation and relief
Hey now, hey now
Don't dream it's over
Hey now, hey now
When the world comes in
They come, they come
To build a wall between us
Don't ever let them win
No kidding, constant drop! Its over.
2 full months, no news, no updates, no nothing!
Mr. Hawk, A "Thank you very much" for all that you do for this board, thank you again Sir.
Winnotlose
Alex Cavasin failed investors, thats it folks
I'm In, I'll chip in for an investigator private.
"Dr. Cavasin's resignation as CEO of ACMG and his new position at Siam Renewable Energy Group as COO and Director of Operations becomes effective".
He still owes shareholders updates and is in a position of responsibility.
A WANTED poster should be made.
I believe most investors feel the same way. Disgusting
Buying continues while avalanche occurs.
Chart tells me never eat the last pickle from the pickle jar. Ouch!
Chart tells me never eat the last pickle from the pickle jar. Ouch!
The recent chart speaks for itself. disgusting
Geez, that chart is terrible!
Read all the below, tell me how one really feels today!
"According to the company, Dr. Cavasin, founder and current CEO of ACMG, will be conducting an interview with MN1 to be aired live on April 2nd at 12:45 PM central time. Dr. Cavasin assured that he will elaborate on the topics of interest expressed by his shareholders such as who the new partners are and what some of the new projects will entice and what they will bring to ACMG; he will elaborate on the new company structure as well as topics such as what the company is undertaking to counter the naked shorting of its stock which has been eroding shareholder's value".
"However, I have been assured that BHL will provide a statement very shortly".
"I am highly pleased with the quick response of our new partners which once more have proven to share our sense of urgency in commercializing our amazing technology," said Dr. Cavasin, CEO of Alcar Chemicals Group. "With the definite agreement in the respective lawyers' hands for final review I expect this to be signed very shortly," further added Dr Cavasin.
"According to the company a smooth transition period can be expected as Dr. Cavasin has been given the opportunity to share the task of nominating a new CEO and a highly competent candidate with a proven track record has already confirmed his interest to the executive committee".
"With my primary duties, protecting our shareholders' value and securing the implementation of our first plant, now completed, I am ready to take on new challenges," stated Dr. Cavasin. "I am both honored and humbled by the position I've been offered, it is giving me the opportunity and the tools to accomplish far more for our environment than I would have ever thought possible," further added Dr. Cavasin.