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I try to grab some more shares and the price runs away from me.
The ask is very light on shares. I put a bid in for 150K @ .034, and only got 10,000 shares, and it jumped to .035.
Thanks for posting Iseem
I'll just pull up a lawn chair, and put my feet up on a ice cooler full of cold ones to enjoy the action for the rest of the week. I put a puke pail close at hand if needed. lol
Went out bass fishing this afternoon, and caught 3 small mouth about 1 1/2 lbs each. The big hens haven't come in to feed yet outside the spawning beds, but they will very soon. Picked up a woodtick and found it crawling on my shirt when I got home. yuck.
I suspect your right, and he might have a paragraph, or 2, but he won't be the focus of the PR.
If it comes that fast I'll need that puke pail. I much prefer a nice steady growth in value.
Thanks, and I do try not to get over emotional about a stock, or company. I might tend to be over positive in my opinion, but I do have a dark side to balance it out if things go that way. If things were going a little better for acmg, you'd find I have a goofy sense of humor. I do read your posts, and follow your train of thought on the MB. Good luck to all of us.
I'm not sure, but there are basic SEC rules for even the pinks.
I think the SEC gives them 3 days to release, and I agree that if they waited until today to sign we won't get a PR until Tuesday at the soonest.
It will delay the stockholders of record at the end of April being released by 3 more weeks I suspect.
Tex I'm with you on you assesment, and I also believe they fall into the second group some what. I always tend to buy into companies earlier than I need to, but I also get very good bang for the buck in most cases. I bought into this company based on their polymer production base. While most biomass spec companies focused on ethanol/biodiesle. The back of envelope calc showed this as a clear road to net profits if the company could get those production reactors built. Money was the big issue for this pinksheet, and the merger with usse wouldn't have solved that, and only brought on heavy stock dillution. The merger with this Siam group would put money into development and building reactors, and that's where I bought in. The ARTL spinoff, BHL R&D, and business plan are just noise, and help to build a story, but the main investment value in the merger is still the money to build those first reactors in Canada without heavy stock dillution. JMO
Well now, that's a important bit of news. SAT will now be FST, and they will have a real time shareholder list for clients. I'm very impressed with this move by a POS company. I wonder how this will effect the MM's that play the NS game?
One thing it will do is delay the ARTL divvy by 3 weeks.
I think it may also delay showing the NS shares have been covered.
A whole new can of worms.
It might be worth saving a copy of this PR, because it shows who owns SAT, and the new FST.
LMAO........................
It absolutely does need a PR, because as stockholders we have a right to know the financial standing of the buy in group in detail. We also need a PR on the new ceo, and a PR on the new office, and the plant in Canada. New phone numbers ect...
I originaly thought along these lines, but if Alcar is successful in providing a higher out put for BHL suger cane conversion the Sian group could find themselves out bid over night by a number of multinational corps that would make a offer 30% higher the next day. They have time limitations to complete the buy in contract. The speed of the LOI signing, and the infusion of cash for the ethanol reactor conversion tells the story. If they do have a extention of time to complete the merger. It will be because of document filing/processing time, and not because Siam want's to change the rules late in the game. Siam already got a major consession with the amendment to be able to buy 30 mil of the float. That will effectively give them control of the company a year or more sooner.
No, I mean in trasition to a new TA
Well here's the skinny on it. SAT is the acting TA, but the company is in transition to someone else, and SAT is no longer contracted as the TA for acmg. So they aren't going to show acmg on their client list anymore. SAT is serving as a short term TA, and when everything the company is doing is completed we will have a new contracted TA. It may sound confusing, but these things take awhile to complete, and the old TA I guess has a fiduciary/fidejussion to continue providing their service until notified the new TA is completely ready to take control.
It's like having your lease run out on a commercial building, and you notify the leasing office your new building isn't quite ready, and will need a week, or 2 to complete your move. They're not going to kick you out, because that requires a court action, and 30 days to complete. So they just charge you a day rate, and advertise the building as vacant. Your new building isn't complete, so your lease is pending on that one. So on paper for a while you don't exist, but you really do.
Someone asked why build in Canada?
Like I posted a few minutes ago there is a lot of free money, tax credits, and investment capital available in the USA, and Canada. R&D is more or less paid for, and Quibec has fantastic tax laws for start up companies. In the mining industry Quibec gives 2 dollars back for every dollar spent on development leading to production, and gives a extra year of paying 50% of the employee wages after production. So the company isn't going deeper in debt, and more less gets a rebate for being there. The 7.2 mil invested by siam, will be credited as development, and the company will get the cash tax credit next Febuary I think. Now this based on what Quibec does for the mining industry, and may be intirely different for the energy industry, but if it's close to the same the perks for being there can't be beat.
Anyone know the company Alfa Laval?
They build ethanol plants/reactors around the world, and could be involved with Siam.
Does anyone own SunOpta
This company produces celluose ethanol in Canada, and China. Their process uses acid hydrolisis, and is the standard right now. The company doesn't seem to make a profit yet, but the stock trades at $12.25 per share. Will ACMG follow the same path in stock valuation? There is plenty of investment capital available for development of cellose ethanol from both the Canadian, and the US goverments. So no one has to go broke while developing a product, or new technology. For this reason alone ACMG isn't going to disappear off the face of the earth like some seem to think.
Pete
I don't think I said it was from my cert. It was a typo if it came across that way. I got mine before the whole change of TA started over a month ago.
My cert was issued April 3, and shows SAT as the transfer agent. As I understand it SAT is still the acting TA, until some accts get settled. Then the other company will take over. That falls in line with the buy in, as I see it.
That's not the doc. The doc has a IQ around 160-170 IMO, and that poster wasn't even close. It lacked the methodic method the doc uses, and was was written in a good old boy from down south style.
Well you have more than I do now. I've got a poltry 2.1 million shares. If we're wrong I'll see yah a the bum shelter, and we can talk over old times at dinner. lol
And Siam keeps raising the bid the whole day, and the next, and the next, and so on. A few key investment funds recieve leaked PR the day before, and confermation through their resources. The Doc, the new CEO, and a rep from the Siam group do a breaking news interview on ROB.TV early on the morning news is released in the PR. You have a fire storm of investors wanting a piece of the pie. MN1 more or less burned their bridges with that fat guys mouth, and lost the op to release some real PR with a interview, IMO. The size of the buy in warrents a ROB.TV interview spot anyway. MN1 is more of a glue on sparkle pubic hair type of stock news station, and doesn't know how to repair bridges they've burned with a positive PR built around something like that email they got.
No it's bad business. lol
Have you penciled out how much stock value they lose if the share price stays in the low pennies when they get the 7.2 million shares (at a $1 per share) in Aug? I've got a feeling they bought a big chunk, but keep enough buying power back to drive the price up towards a dollar. I'm sure some smart guy has worked out the math that would give them a profit, and a formula to drive the stock value up into Aug.
It was Paul Allen that put Microsoft "Dos" togeather. Gates was a freind with a talent in management/sales. Togeather they made the big monster.
Spoil sport.... lol
OK......lol
Leave her at home, and go party with her brothers. Be Strong!!! lmao
LOLOLOLOLOLOLOLOLOLOL
pukepailpete? now that's fine with me if we open and run to those prices. When I bought 200,000 witm @ .29 cents and it ran to 1.20 I had a hard time keeping it down.
Buy her mother a Orchid plant in bloom of course, and her father a tin of those expensive salty fish eggs. Buy her a fancy hair pin thingy. Then take her out to dinner on a river boat cruise. Maybe you'll get lucky if her mother likes you.
Good luck, and catch a big one to start the spring season off right. I'll be heading up the Columbia river next week, or this weekend if I can get away. The water temp has come up enough to bring those monster spawning small mouth bass into the bed areas. You got love catching 3 to 5 pounder hens, and 2 to 4 pound males.
Did anyone see the article early this week in their dow jones reader on China wanting to build a plastic resin plant to produce 800 metric tons yoy. There is a group of asian investors trying to work with petrochina to get the plant built, but no deal has as yet been made. They are still looking at options and it involves S.Korea, and Japan. The market is definately there for ACMG, and they may even be looking at the Doc's technology as a option to get away from petroleum based resin.
It would appear the short term traders are gone, and the only ones left are those of us that believe this little company has a real product to sell, and a real buyin partner. I believe we will see some form of ironic gotcha with a premarket massive PR, and a opening stock price way above the last trading days close. Depending on the PR it could open trading near a dollar. I would of course need a puke pail along side my chair during the trading day as I try not to sell my position, and to let the stock run. "Iseem" and "Jenthico" would both need CPR to recover from heart attacks, after seeing the opening price, and this board would see 500 posts that day.
I tend to agree with the float buy back. In a pinch they could just right off a percentage of float they purchased to balance the books on the NS issue, and at the current stock price they could write off 30 mil shares for under 2 million dollars, and come out ahead as the stock value trades up when they get their 7.2 million shares at $1 per share in Aug. I'm not privy to the internal workings of this buyin, but a higher stock value is a major benifit to Siam later this year.
I'll see this through until we get news. There is no reason for the company to disappear at this point. The product, and production method are ligit, and the company hasn't over dilluted the stock into billions of shares yet. Even as a pinksheet there is a lot of room for the company to continue to operate for years.
The only questions that I have are can the company really produce a higher percentage from the same bio mass, and will the buyin be completed.
The divvy is contingent on the Siam buyin. So they're not caught between a rock and a hard place like usse. Which could be a saving grace if things fall apart on the Siam deal. I don't expect the Siam deal to fail, because of the front money to build the reactors. It's just a waiting game right now, and when the deal is completed the stock price will reflect the value of the buyin contract. Good luck everyone.
I stopped listening because of his mouth.
Sorry if I had a hand in setting the board off on this Steven Sung tangent. My posts were ment as humor, and not insane rantings.
Jen and others seem to think we maynot get PR on, or by the 7th, and I think we will. I have no way to predict the day the PR will come other than what the Doc said.
The product the company plans on making will be profitable. Which is more than most bio-fuel companies can claim. The company is focused on plastic resins, but their products have many other aplications that would return net profits. Anti freeze, detergents, suspension stabilizers, artifical sweeteners. The idea that the company is going out of business when they truly have a good product is foolish thinking.
Can we get a MN1 Steven Sung interview?
Find Steven Sung!!!
Jen can break him in 48 hours into telling us everything about the Doc, and the Siam company.