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AWESOME!! and welcome to the winnnnerssss circle... :) She's working to find her legs and when she do... we'll all be meeting up on ACLP cruise lines... hopefully before labor day!
Anyone else having trouble buying? I get an OTC CHILL notice -on TD - NEVER MIND -the chill is NOT on ACLP -it was MNVN -sorry guys -woot!! ACLP
No Jim, I don't think that is correct - it is calendar days unless it's specified somewhere in the language and I missed it.. which.. ugh - probably -
I have Aug 13th as D-Day.
Yes- I get the RS Jim -*I thought I was looking at something else -Sorry Niccolo- ... need to turn this ihub app off on my phone now... lol -
*sigh
*my eyes and brain and ACLP are killing me.
I don't know -it would seem the shares were authorized on July 9th - per the language in the pre-14:
"As of July 9, 2014, due to the super voting rights of the Series H preferred stock, the total number of votes are 9,709,855,696."
Plus 20 days lands on July 29th -also the date of Black Arch buy..
??
30 days is 30 days unless otherwise specified as "business day" or "holiday" (i.e., federal holiday.) Tried to find a reference but can only offer a sample for now -sorry...
http://www.colonialstock.com/SEC-holidays.htm
SEC- counts days exactly as the Federal Government does -20 days is 20 days - less federal holidays. I'll try to find a link/reference.
AND...the most recent filing by Black Arch
6.43% (based on 4,757,933,635 shares of Common Stock outstanding as of July 9, 2014) indicates.. the value of 4 billion shares has obviously increased.... yes?
LGL -I must be misinterpreting the following? (THANKS FOR HELP)
As of July 9, 2014, there were issued and outstanding 4,757,933,635 shares of Common Stock and 51 shares of Series H Preferred Stock. Based on the foregoing, the total aggregate amount of votes entitled to vote regarding the approval of the Reverse Stock Split is approximately 9,709,855,696. Pursuant to Section 228 of the DGCL, at least a majority of the voting equity of the Company, or at least 4,854,927,849 votes, are required to approve the Reverse Stock Split by written consent. The Majority Stockholder, who holds 51 shares of Series H Preferred Stock (having 97,096,511 votes per share) (and therefore having approximately 51% of the total voting power of all outstanding voting capital), has voted in favor of the Reverse Stock Split thereby satisfying the requirement under Section 228 of the DGCL that at least a majority of the voting equity vote in favor of a corporate action by written consent.
The following table sets forth the name of the Majority Stockholder, the number of shares of Common Stock and Series H Preferred held by the Majority Stockholder, the total number of votes that the Majority Stockholder voted in favor of the Reverse Stock Split, and the percentage of the issued and outstanding voting equity of the Company voted in favor thereof.
Name of Majority Stockholder
Number of Shares of Common Stock held
Number of Series H Preferred held
Number of Votes held by such Stockholder
Number of Votes that Voted in favor of the Actions
Percentage of the Voting Equity that Voted in favor of the Action
Gilbert Steedley
51
4,951,922,061
4,951,922,061
51%
Total
0
51
4,951,922,061
4,951,922,061
51%
(THAT WAS HIS SHARE COUNT ON THE JULY 9th which AUTHORIZED THE split- which became "exercisable" twenty days later)
ACTIONS TO BE TAKEN
The Reverse Stock Split will become effective on the date that we file Certificate of Amendment to the Company’s Articles of Incorporation, as amended, (the “ Amendment ”), with the State of Delaware and FINRA approves and processes the Reverse Stock Split. We intend to file the Amendment with the State of Delaware promptly after the twentieth (20 th ) day following the date on which this Information Statement is mailed to the Stockholders.
(July 9th) making 20 days later... July 29th? Or -what am I missing?
THAT is one of the pieces.. that points to merger.
:) Just can't verify it... which.. is frustrating and also the nature and limitations of OTC -their reporting simply isn't regulated which is new to me. :)
Fun detective work navigating through the different regs....
Doesn't FINRA rule 2090 and 2011 cover them so long as there is a registered rep in house?
yep.
"As of May 2, 2014, there were 1,316,202,612 shares of common stock, $0.001 par value, of the registrant issued and outstanding."
"As of July 9, 2014, there were issued and outstanding 4,757,933,635 shares of Common Stock and 51 shares of Series H Preferred Stock. Based on the foregoing, the total aggregate amount of votes entitled to vote regarding the approval of the Reverse Stock Split is approximately 9,709,855,696.
Pursuant to Section 228 of the DGCL, at least a majority of the voting equity of the Company, or at least 4,854,927,849 votes, are required to approve the Reverse Stock Split by written consent."
soooo
Gil owns about 4.8B -= 51% there... \
therefore my reported count as of right now - 9.7 BILLION looks like the #?.... but..
You know better than I do J - I don't know if I am even seeing straight after today -ha. GO aclp.
Craig- I'm just doing what you're doing-
So don't feel bad -I found the same info you posted -and just double-checked it and came up with different info AGAIN so .. I tripled checked -its called ADHD -OCD lol. All info and DD is relevant and helps man - (IMO)
party on ACLP
It's hard to say Jim -I don't want to make that call -
Recent filings don't indicate anything shady - if there were something going on the company would have likely relied on PR's or .. still looking around -but -too many missing puzzle pieces to make sense.
I'm hopeful it will pan out here in a bit with a phone call and we can breathe a sigh of relief- or... for some of us.. just let go of being PISSED OFF :)
Hey Craig... I don't think DE LIVE is a legit agent -not sure where you pulled that info from but I can't find them?
And ACLP isn't listed under Pacific - **I could totally be missing something though- I have no idea if I am or not -
http://www.otcmarkets.com/research/service-provider/Pacific-Stock-Transfer-Co.?id=2234
Thx
Just so you know - where my guess is coming from -
This is January 2014 -written by Gil -
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have
Read more: http://www.getfilings.com/sec-filings/140115/AccelPath-Inc_10-Q/f10q033113_ex31z2.htm#ixzz39YS7QBgC
(That is why I think it is handled internally but I could very well be wrong!) Here's the link to read-
http://www.getfilings.com/sec-filings/140115/AccelPath-Inc_10-Q/f10q033113_ex31z2.htm
Prior to that -it looks like the former CEO used :
http://www.nasdaq.com/markets/spos/company/accelpath-inc-60086-47863?tab=experts
I would guess Steedley handles it himself -... or the accountant firm might have a license in house -
John Scrudato CPA
7 Valley View Drive
Califon, NJ, 07830
United States
(908) 832-2610
A registered transfer agent shall be exempt if it performs transfer agent functions solely for:
•Its own securities;
•Securities issued by a subsidiary in which it owns 51% or more of the subsidiary's capital stock; and
•Securities issued by another corporation that owns 51% or more of the capital stock of the registered transfer agent.
•A registered transfer agent shall be exempt if it:
•Is an exempt transfer agent pursuant to Rule 17Ad-4(b); and
•In the case of a transfer agent that performs transfer agent functions for redeemable securities issued by companies registered under section 8 of the Investment Company Act of 1940, maintains master securityholder files consisting of fewer than 1000 shareholder accounts, in the aggregate, for each of such issues for which it performs transfer agent functions.
•A registered transfer agent shall be exempt if it is a bank or financial institution subject to regulation by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation, provided that it is not notified to the contrary by its appropriate regulatory agency and provided that a report similar in scope to the requirements of Rule 17Ad-13(a) is prepared for either the bank's board of directors or an audit committee of the board of directors.
I agree. :) But I felt the need for a little trigger...
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I sent a formal inquiry to SEC--
Relaying correspondence with ACLP -Black Arch- and EIS-supported by this message board link - asking for investigation of merger status due to lack of investor relation feedback -concern on part of shareholders about a possible bogus PR/pump/dilution.
Maybe that will stir some answers either way.
Thanks.
FROM TD AMERITRADE STUDY GUIDE:
MarketForecast
Description
The Market Forecast is a technical indicator designed to find buying and selling opportunities based on market analysis techniques applied to several timeframes. It comprises three plots: Momentum, NearTerm, and Intermediate. These plots tend to cycle on daily, weekly, and monthly basis, respectively.
It is considered a Buy signal when the three lines go through a reversal at the same (or almost the same) time in the bottom zone, and vice versa, simultaneous reversal in the upper zone suggests the Sell signal.
Plots
Momentum The Momentum plot.
NearTerm The NearTerm plot.
Intermediate The Intermediate plot.
100 - 100 - 100 are the plot readings... (this indicates movement/momentum is at full potential) In fairness - I have watched it go from 100 -100 -100 to 0 -50 -33 etc.. it can move either way pretty quickly but this stock sits at 100 -100 -100 90% of the time for the past two weeks. (hope that helps?)
Oops sorry Jim- responded privately instead of to group.
TOS is Think or Swim trading platform for TD Ameritrade.
market forecast study on TOS shows ACLP at 100 -100 - 100.
Does anyone else use this study? I LIKE it!
Keeping the chatter active and continued buying/activity -will keep ACLP on the break out board and hopefully attract some others interest..Some new volume could speed this rocket ship UP to Take Off.
Thx Jim
Is there anything that would prevent the company issuing more shares? Thx Jim -or whoever might answer.
Peace
Black Arch Investment
Looking around and just sharing some information
Here are some other companies that Black Arch has filed similar SC13's with:
MWWC - http://www.otcmarkets.com/stock/MWWC/chart
SFOR - http://www.otcmarkets.com/stock/SFOR/quote
IDO Security - http://www.otcmarkets.com/stock/IDOI/quote
ECDC -http://www.otcmarkets.com/stock/ECDC/quote
I'm still reading/researching but thought others might be interested...
Thanks.
lol
Anyone in this... should only be in it as much as they can afford to write off and not lose sleep over... for those in it over their heads who are nervous... sit tight -you'll recover on this one -it may just not be overnight... ACLP isn't going anywhere..
except up. JMHO
I concur LVL -
Remove my frustration and well.... I'm keeping my money where I originally put it... on SEC filings... until I hear otherwise.
Thanks
I agree -on the other hand... even IF EIS has fallen through... Steedley is still interim CEO so -perhaps he is grooming/coordinating a new acquisition-merger avenue - just a thought...
... unless Mr. Caputo confirms that there is still an active merger...before opening bell tomorrow :)
My value for this co. was in the acquisition...
Could be right. Reached out to EIS for status on that PR last year -
win some -lose some -
~waiting for the fat lady to sing.... any minute now
I believe I used the "only" email address for Mr. Steedley. Next will be Mr. Caputo I guess?
Correspondence
Grateful for your response . Re: Merger - Can you advise of where to find filing/verification of EIS merger? Re: reverse, understood -can you advise of a timeline toward when to expect that announcement?
Best,
Not sure what you are talking about for eis merger. This is Breitling energy
If you are talking about any other company this is not the email for that
My best
Gilbert Steedley
Mr, Steedley,
There is no public investor relation contact for Accelpath that I can find, and to my knowledge you are still interim @ Accelpath -which is the subject of my inquiry. I'm sorry for lack of clarity. Will you please address the following PR and I thank you - and I'm sorry for confusion. If you are unable to address this can you advise a direction..
AccelPath Provides Merger Update and Announces Energy Innovative Products’ Intent to Acquire New Jersey Based Energy Engineering
PR Newswire
NEW YORK, Nov. 26, 2013 /PRNewswire/ -- AccelPath, Inc.(OTN: ACLP) announced
today that they, and Energy Innovative Products (EIP), are in the final stages
of completing the work necessary to fully consummate the proposed merger
between the two companies, originally announced October 28, 2013. ACLP and
EIP are working swiftly and deliberately to complete the different facets of
the merger transaction, including finishing their respective audits to satisfy
the SEC requirements for filing Form 8-K.
In addition, ACLP announced today that Energy Innovative Products has signed a
letter of intent to acquire 100% of the assets, existing business, sales
pipeline and current work in progress of Energy Edge Group, LLC (EEG). The
intended acquisition would immediately establish EIP's planned energy services
division as a significant operator in the energy efficiency engineering,
construction and services arenas.
"The anticipated acquisition of Energy Edge Group, LLC signals the first of
what we expect to be many synergistic acquisitions designed to quickly and
systematically further the growth of our business," stated Scott Caputo,
President of EIP. "EEG brings extensive industry expertise, an impressive
sales pipeline and revenues of over $360,000 just this month with another
$850,000 in revenues expected next month."
Steedley <gsteedley@gmail.com>
1:23 PM (3 minutes ago)
to me
There are no updates( that I can speak of ) on this since the last press release.
My best
Correct hence I emailed him back asking for something in writing.
Waiting for confirmation Jim but that's my understanding... I find zero disclosure but.. I suppose that doesn't mean too much?
Dear Mr. Steedley,
Thank you in advance for your responsiveness. Shareholders are seeking status of both merger and timeliness of reverse split. While we appreciate your integrity of not "over-informing" with mal intent, our commitment seemingly warrants an update even if generic at this point.
----------- I responded to HIS response with a request for direction on.. any filing or public access which indicates the merger transaction... will post if/when I hear back.
From Mr. Steedley- (not much help-sorry)
Thank you for your email...
I am not sure what you are referring to concerning the merger, as that happen on Dec 9th... As to the reverse - I can not comment on that with out making a full announcement.
-
---
breitling-energy-email-sig-new-v3
Pete's sake Jim -you ask the hard questions. :)
Our ACLP Ambassador. Sent you a PM.