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scam: no - I spoke with him a couple of weeks ago.
smartcookie: good call... NOT!
Over a month has gone by with ZERO big contracts and the PPS under .01. Cornell reering it's ugly head.
OT: scam, applied for zecco account yesterday.
Will probably move my iZone account over there. Painting the tape for free will keep the chartisits happy. LOL!
OT: scam, How is zecco treating you?
scam: A little birdie told me that they are getting financing from Cornell. Now might be a good time to SHORT. LOL!
ACS Releases Preliminary 1st Quarter Results
via COMTEX
July 9, 2007
BARTOW, FL, Jul 09, 2007 (MARKET WIRE via COMTEX News Network) --
American Commerce Solutions, Inc. (OTCBB: AACS) today released preliminary results of operations for the first quarter ending May 31, 2007, showing an increase in revenue in excess of 18 percent over the same quarter in 2006.
Daniel L. Hefner, President and Chief Executive Officer of American Commerce Solutions, Inc., stated, "On a preliminary basis, pending review, we are pleased to announce that revenue increased from $649,346 to $767,362. This is an increase of $118,016 or 18.2 percent over the same period in 2006."
Hefner continued, "The first quarter results show an improvement over prior year operations in both subsidiaries. IMW revenue increased by 13.7 percent, while Chariot increased by 92.7 percent. According to company books and records, the consolidated financial statements show not only a substantial increase in revenue, but also gross profit. Gross profit increased by 29.2 percent from $218,835 in 2006 to $282,731 this year."
Reviewed first quarter results will be released in the next week on Form 10QSB according to Hefner.
American Commerce Solutions, Inc. maintains websites WWW.AACSSYMBOL.COM and www.chariot-trailer.com.
ACS Strategic Partner, American Fiber Green Products, Inc., maintains a website at www.americanfibergreenproducts.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact: Daniel L. Hefner 813-244-9843
SOURCE: American Commerce Solutions, Inc.
Copyright 2007 Market Wire, All rights reserved.
OT: scam, Sounds like the way Ameritrade used to run FreeTrade until they changed it to iZone (first 25 trades free and then the next 75 were $3/trade). The commissions went down after 100 trades to $2/trade and then eventually to $1/trade if you got over 250 I believe. If Ameritrade couldn't make that work long term, gotta wonder how zecco will be able to do it. I may check it out and ride it for as long as it lasts, you know people are gonna use up the freebies and just wait 'til the next month.
OT: Pepsi, what's going to happen in Panama when Noriega gets out of prison later this year?
http://voanews.com/english/archive/2007-01/2007-01-24-voa45.cfm?CFID=169513440&CFTOKEN=14218043
scam: Just anticipating something from the Prez Letter coming through in the next week or two. Of course, given Dan's history (where a couple of weeks equals several months), this money could be lying around awhile. LOL!! Hopefully not for the six months the PNMS money just did. I bought at this level because it looks like the selling is over and if something is announced, I expect a quick jump to .015+ if the news is anything significant. I'm up over 5M shares now ... headed to 6M, most I've ever had in a penny stock.
scam: I was holding a few hundred thousand shares in Ameritrade when they halted buying back in December. Unloaded them at .004 the other day when this popped, tiny profit for a six-month hold. LOL!!
mosveldbaby: those shares were sold long ago so no, I did not request certs.
mosveldbaby: I received something called a "Beneficiary Application" but haven't done anything with it ... yet.
scam: not quite...
I picked up between 300k - 400k today.
Looks like IB (Interactive Brokers) have gotten their shareholder information into Panamersa. I received the following e-mail today from Panamersa:
PANAMERSA Corporation extends its congratulations on being a part of a historical endeavor; an endeavor that will now allow us to serve, protect your assets, and assist our operating companies who promote a sense of belonging through commercial integration of Latin America into the western hemisphere and the rest of the world.
This letter is to confirm receipt of your share certification form. For your PDRs to been conveyed to your account in the foundation you will need to sent us a completed beneficiary application. This application has been attached to this email, but if you would like more information, follow the following links:
http://blog.panamersa.com/2007/5/31/beneficiary-application-and-transfer-of-ownership
http://blog.panamersa.com/2007/6/8/share-certification-for-corobici-land-dividend
You can fax the form to us at 214-459-3101
or mail it to us at:
Panamersa Corporation
100 Crescent Court Suite 700
Dallas, Texas 75201
Attention: Dividend Dept.
Thank you again for your interest in PANAMERSA Corporation. We are looking forward to growing with you as we embark on this unprecedented journey.
Sincerely,
Micheal Terrell
Fundacion Pan America Council Member
more secrets scam? Who was it?
Plenty of whiners on RB so I wouldn't doubt it was one of those guys.
Two *givens* for QTEK:
1) smartcookie will repeatedly post about the big contracts coming in yet none will ever materialize, and
2) relentless dilution from the Cornell deal will drive the PPS down.
I bought some @ .0095 and .01 the past couple of days. I'd hardly call it driving the PPS up, more like supporting it right now.
Volume is extremely low so it looks like whoever was selling the past few months is all out of shares. If any of the Chariot prospects mentioned in last week's President's Letter come to pass, we're back up at .015 - .02 in a hurry, IMO. Then we might see some selling from the disgruntled. I think the letter said something like a couple of weeks on one or two of the deals, so I'd look for something after 4th of July.
Re: AFGP, I asked Dan what the hold-up was on issuing the stock certs and he said the old transfer agent for Amour Fiber Core has been slow turning over the shareholder records. They have billed AFGP for termination of services, so my guess is they are getting close, assuming Dan/Ken can pay the bill!
Scam: please do tell...
From what I've seen from the PRs re: what kind of revenue KSI was going to bring in versus what they actually brought in, it was yet another over-tout by Walther. They were at one point running the second shift but I heard from someone that lives nearby they were back down to one. That would explain why the revenues aren't measuring up.
clueless2006: check your facts about the proposed R/S. It will NOT be 130M O/S after the split. Here's a blurb straight from the recent filing:
MATERIAL TERMS OF THE REVERSE SPLIT
....
As of June 18, 2006, there are 637,811,446 shares of common stock issued and outstanding. The immediate effect of the Reverse Split will be to reduce the number of presently issued and outstanding shares of Common Stock from approximately 637,811,446 to approximately up to 91,115,920, thus leaving 908,884,080 shares available for issuance following the Reverse Split. We have no plans, proposals, or arrangements, written or otherwise, at this time to issue any of the additional authorized shares at his time.
Note they got the year wrong, it's supposed to read 2007, unfortunately mistakes like this are common for this company ... they need a new proofreader.
The question is: what happened to the ~270M shares that take the current O/S to the 900M+ that is supposedly outstanding? Could it be that the "insiders" are moving their shares over to the newly created Preferred Shares? If that's the case, will those shares be split 1:7 like the common? The "Big Four" insiders (Walther, Rutkowski, Rossman and Schwanitz) hold 332M shares of common which includes 235M granted to them earler this year. Will be interesting to see what happens there.
I also wonder what happened to Kotsonis, he was supposed to be added to the BoD when KSI closed, yet I don't see him listed in the SEC Filings as being on the BoD. At least that was the deal two and a half years ago when the KSI acqusition was announced.
I'm also still trying to figure out how they can give these shares a PAR VALUE of .00001 when the lowest possible price is .0001.
SBA: Contact the CEO, Dan Hefner.
Contact:
American Commerce Solutions, Inc., Bartow
Daniel Hefner
813-244-9843
dhefner@aacssymbol.com
Didn't see any significant changes in AFGP filing.
This blurb was added in the "Company and Business Overview" section:
AFGP management, in conjunction with local engineers, has been able to design enhancements to the processes held in patents owned and controlled by the Amour Family Trust. These enhancements may constitute revisions adequate to be modifications of the patents and proprietary to AFGP through its licensing agreement with the Amour Family Trust or additional patent(s). Enhancements and modifications developed by AFGP will be assets of AFGP upon development. The License Agreement between The Amour Family Trust and American Fiber Green Products, Inc. provides for ownership of the patents to transfer to AFGP upon meeting specific time and performance benchmarks.
Most of the other chnages look like more detailed descriptions of various transactions, the dollar amounts did not change. There were no changes to any of the share amounts that I saw. They did fix the "insider" percentage ownership though, the last amendment showed 87.52% which was incorrect, it now shows 80.28%
The one "more detailed" description that may be of interest was this:
ITEM 7. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
The Company is currently operating in a facility leased and operated by Affordable Fiberglass Group (AFG). AFG is owned by Kenneth McCleave, Chairman of AFGP. No occupancy cost has been charged to AFGP by AFG as of December 31, 2006. There is no assurance that this favorable treatment will continue in the future if AFGP begins to facilitate operations at that site.
The Company carries a Note Payable to Kenneth McCleave, Chairman of AFGP in the amount of $5,650 for a loan made to the company. The note bears an annual interest rate of 10% and is payable on demand. Refer to Note 8 of the financial statements.
The Company carries long-term liabilities with PAC (Public Acquisition Company - a wholly owned business of Kenneth McCleave, Chairman of AFGP), Nimble Boat Works (a wholly owned business of Ken McCleave, Chairman of AFGP) and Daniel Hefner (President and Chief Executive Officer of AFGP) for cash advances made to AFGP. Refer to Note 9 of the financial statements.
The Company carries notes receivable from American Commerce Solutions (ACS) and Chariot Manufacturing Company. Daniel Hefner (President and Chief Executive Officer of AFGP) is also President and Chief Executive Officer of ACS. Chariot Manufacturing Company is a wholly owned subsidiary of ACS. Kenneth McCleave (Chairman of AFGP) is also Chief Operating Officer and General Manager of Chariot Manufacturing Company.
Received this e-mail from IB yesterday:
Dear Trader,
Per IB’s records, account #xxx was a shareholder of record on December 20, 2006 in the security PayPro, Inc (symbol: PYPR).This company has since changed name and symbol to Panamersa Corporation (symbol: PNMS). Per the company, shareholders of record on December 20, 2006 are entitled to receive a special dividend. The dividend will be distributed in the form of a Pan American Depository Receipt (PDR).
In order to receive the dividend, the top of the attached form must be completed and returned to IB no later than June 21, 2007.
Upon receipt, IB will provide all completed forms to the company. The resulting PDR may not be held in an IB account and therefore a physical certificate will be delivered to the mailing address of record on the account.
IB recommends that customers contact the company directly with any questions regarding this special dividend.
Regards,
IB Customer Service
smart: You've been posting the same message for how many years now? When AREN'T you expecting a big contract announcement?
VirTra Systems Announces Smithsonian Institution Simulator Sale and InstallationLast update: 6/13/2007 8:23:00 AMHOUSTON, June 13, 2007 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI). Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, today announced the sale and successful installation of an IVR(R) 4G-base small arms training simulator at the Smithsonian Institution in Washington, D.C. The single-screen system, used to train the Smithsonian's security force, was installed with a variety training accessories including a library of judgmental-use-of-force scenarios, weapon training-conversion kits, and laser-based OC pepper spray canisters. "We are pleased that the Smithsonian Institution has chosen the IVR small arms simulator to train its security force charged with guarding many of our Nation's most important and priceless objects," commented Major General Dalby. The Smithsonian is approximately 70 percent federally funded with its 2006 budget topping $621 million. More than 20 million people visit the museums and National Zoo each year. The Smithsonian must secure more than 137 million priceless objects, works of art, and specimens, and has more than 150 Smithsonian affiliate locations in 39 states, the District of Columbia, Panama, and Puerto Rico. "As more law enforcement, military, and security customers demand IVR single-screen and immersive simulators, it has become apparent that the company's technology is winning-over the market with its popular features, immersive capabilities, and competitive pricing. I am extremely encouraged by forecasts predicting 2007 to be the single-best year in the company's history," concluded Major General Dalby. About VirTra Systems Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Army, Navy, Air Force, Marines, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit . One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations: VirTra Systems, Inc. Steve Haag, vice-president of investor relations Houston, Texas (832) 242-1100 shaag@virtra.comSOURCE VirTra Systems, Inc.
Steve Haag, vice-president of investor relations of VirTra Systems, Inc.,+1-832-242-1100, shaag@virtra.comCopyright (C) 2007 PR Newswire. All rights reserved
Should have Prez Letter one week from Monday. Let's hope Dan delivers.
This guy is delusional...
"I continue to be amazed by the undervaluing of our stock. Considering our first quarter earnings per share were $.00652, 434 percent higher than our current price per share (PPS), the market manipulation appears to know no bounds," said Terrell. "It is about to get very interesting, with many new announcements on the horizon."
If not, he's got a great comedy writing team. For months, he promises everyone audited financials and a move off the Pink Sheets. He then comes up with a weak excuse to not deliver the AFs and then tries to tell people, via his blog, that staying on the Pink Sheets is the best thing for the company (after whining for months-on-end about manipulation and an alleged illegal NS position). Now here he is, threatening us AGAIN, with how intersting it will get with future "announcements". It's like a broken record with this guy .. and a very sad one indeed. The fact that he "continues to be amazed" by the low PPS takes the cake! LOL!!!
AmeriChip CEO Corporate Update Interview
Monday May 21, 9:15 am ET
With Marc Walther by IPOdesktop.com, Found At StreetIQ.com
LOS ANGELES, May 21, 2007 (PRIME NEWSWIRE) -- In an interview with Francis Gaskins, president of IPOdesktop.com, Marc Walther, CEO of AmeriChip (OTC BB:ACHI.OB - News), said, ``AmeriChip is making progress on all fronts, including both KSI and Laser Assisted Chip Control (LACC) subsidiaries. LACC immediate targets include the oil patch industry and the automotive/transportation industry.''
The interview is available at
http://www.streetiq.com/mp3/gaskins/achi20070520.mp3
(MP3 player)
* INTERVIEW HIGHLIGHTS
KSI is expanding its customer base to include Caterpillar, windmill
manufacturing and a major automotive company.
* In the LACC subsidiary, major progress is being made in both the oil
patch industry and the automotive industry
Previous interviews include:
March 21 interview
KSI's top line revenue growth and plant capacity
http://www.streetiq.com/mp3/gaskins/achi20070320.mp3
March 9 interview
Why KSI and how it changes the fundamentals
http://www.streetiq.com/mp3/gaskins/achi20070307.mp3
(MP3 player)
March 2 interview
$125 million annual capital line for growth with no stock dilution
http://www.streetiq.com/mp3/gaskins/2-26-07-achi-d.mp3
(MP3 player)
Prior interviews and reports
Initial Analyst Report (update in process)
http://www.gaskinsco.com/linkto-achi.shtml
About AmeriChip
http://www.americhiplacc.com
AmeriChip (ACHI) is creating, leading and driving a new worldwide market -- dry machining.
ACHI enables lower cost, higher quality clean manufacturing by using environmentally-friendly, patented technologies, trade secrets and other intellectual property.
The company's mission is to dominate the worldwide dry machining market, particularly the multi-billion dollar oil pipe coupling and threading segment, and the multi-billion dollar metal turning segment, especially for machining steel parts such as axle & drive shafts, connecting rods, axle tubes & hubs.
About http://IPOdesktop.com
IPOdesktop.com, the leading provider of independent IPO research for professional money managers and individual investors, also produces the IPO Hardball radio program. IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USATODAY, and others.
IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this research report update, including those pertaining to growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made.
DISCLAIMER: This report and interview is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID is negotiating with the company for compensation for preparation and posting of this report, radio interview, video report and other advertising services. This constitutes a conflict of interest as to ID's ability to remain objective...more http://gaskinsco.com/achi-disclaimer.htm
Contact:
AmeriChip International
R. Windsor
905-898-2646
r.windsor@americhiplacc.com
http://www.americhiplacc.com
--------------------------------------------------------------------------------
Source: IPOdesktop.com; AmeriChip International
smartcookie: What about decemeber '06's dismal numbers compared to the previous year and previous quarter. The latest reported numbers are basically the same as 18 months ago (they lost their #1 client last June). They need SERIOUS improvement to keep up with all the new shares coming to market.
All that haven't drank the Kool-Aid have left. eom
4God: Did you tell that Ameritrade guy that all their OTCBB/Pink trades clear through UBSS? When he stopped laughing, did you tell him of the "major" illegal naked short position in this stock? Inquiring minds want to know.....
Bought 85k today @ .009. Odd that the L2 showed one sale of 100k ... maybe the filling MM needed to cover a 15k short sale ... or accumulating some.
NT 10Q filed for AFGP.
Can't quite figure out how they could be late with this since there should be so little to it with no current operations. Subscription plans and accrued salaries are about the only thing that happened Jan - Mar '07.
the "Cornell" effect.
This "buy halt" seems to happen a lot when they are involved.
broken: Although that may be true....
the volume would clearly show there is still not much going on.
sc: the news today is pretty much what I posted. Although they made it look pretty with their "spin" comparing it to quarter immediately preceding. Of course, the numbers in that quarter were down significantly from the previous year, and that was all due to losing the GMAC contract last June. If you look at December '05, revenue was $535,521. So here we are with March 2007 revenue at $594,064. Not much progress has been made in 15 months, they have spent nine months getting back to the level they were at when they had GMAC. Still, a 19% increase over the previos year's same quarter is a good thing, especially given that they lost a major customer. However, at what cost was that revenue gain made? Since there's nothing in the PR about net gain/net loss, it's safe to assume it isn't any better than last year, and probably worse with the dilution that's happening. How many more shares are out there as a result of the Cornell deal? I guess we'll see when the actual filing is made. There were 134,832,516 out there in February '06, there were 152,449,773 out there in February '07. At these prices, the dilution rate will only increase - wonder how many are being sold into this news.
Like I said when they signed with Cornell, they need something HUGE so investors will absorb the shares. So far, they have not done that, they have grown at a very small clip due in part to losing a major client, and the PPS reflects that.
lol smartcookie.
Not trying to get any shares ... just stating my take on what has happened these past few years. If you would like to point out anything as inaccurate, please do so. There's a reason the PPS is where it is and I think I pretty much captured the spirit of the thing.
By the way, when aren't you expecting news? Always seems to be something big being announced soon, according to you. Yet, oddly, nothing big is ever announced. Trying to unload more above .02?
krisjan: I wouldn't say clueless.
They took over a company in pretty bad shape after the Gabor/Sims crap. They also saw the microfilm was going nowehere so they dumped it and started the services business which has potential, but it's a crowded field. QTEK would already be gone if they didn't do that. The direction switch has taken it's toll in dilution with bad deals being made. Then again, as usually is the case with these small companies with their backs to the financial wall, they have to sign these heavily dilutive deals to get the cash they need. But the bottom line is that they haven't made enough sales, that on top of losing their biggest customer (GMAC). It's taken over a year to reclaim that revenue and that's about all they have done sales-wise. Steele and Haag lining their pockets with shares and hefty raises based solely on revenues was a bad deal for shareholders, the cost of those revenues was tremendous, and continues to be so.
But why did Steele leave?
smartcookie, *any* news seems to be great news to you. If the headline read: "Quintek files for Chapter 11", I'd have no doubt you would be telling us how great for the company it was. You've been telling us for months that something big will be announced ... hindsight has shown you were just blowing smoke up everyone's arse.
I think Steele saw he was not going to be able to significantly grow this company, so he jumped ship before it completely sank. The PPS is certainly sinking, and will continue to sink with this Cornell deal, unless something huge is announced. I wonder how long Haag is gonna stick around. Those two sure jacked their salaries quite nicely to boost revenue, even though the company lost tons more money in the process. I notice that little tidbit was left out of the PR. LOL!! They took this company from .04 up to the .20's mostly on smoke-and-mirrors and bogus sales projections. Now that they couldn't come close to delivering on those projections, Steele quits with the PPS at all-time lows. Right!
Glad I bailed when they raised the A/S the first time.......
Steele jumps ship.
http://www.sec.gov/Archives/edgar/data/1107714/000114420407021834/v072945_8k.htm
I'm sure smartcookie will tell us all how good this is and how much new busioness will be rolling on as a result. LOL!!!!
American Fiber Green Products Form 10SB Becomes Effective
via COMTEX
May 1, 2007
BARTOW, FL, May 01, 2007 (MARKET WIRE via COMTEX News Network) --
American Commerce Solutions, Inc. (OTCBB: AACS) today announced that American Fiber Green Products, Inc. has passed the 60 day period from filing Form 10SB after which the Form 10SB becomes effective as an operation of law.
Daniel L. Hefner, President and CEO of American Commerce Solutions, Inc., stated, "We are now one step closer to the ultimate goal of active trading of American Fiber Green Products. Within the last few weeks, AFGP has filed an Amended Form 10SB at the request of the SEC, updating all financial information through December 31, 2006. Additionally, AFGP has filed its audited 10KSB for that same period. We anticipate additional comments from the SEC, but that does not change the significance of having the Form 10SB become effective. With the Form 10SB now effective, a 15c2-11 can be completed and filed, as well as application made for a trading symbol. Obviously, these actions are precursor to active trading."
Kenneth W. McCleave, Chairman of the Board of American Fiber Green Products, Inc., remarked, "There is great anticipation of making this opportunity available to the investing public. Step by step we have slowly and methodically marched forward and the excitement of this prospect abounds. With our team of professionals solidly performing, we are approaching that day with great expectation."
Mr. Hefner commented, "We will expeditiously respond to any SEC comment. Timing for completion of the 15c2-11 and receipt of a trading symbol will be announced as the time approaches. Many other strategic plans are under way simultaneous to these activities."
Information about AACS Strategic Partner, American Fiber Green Products, Inc. is available at www.americanfibergreenproducts.com.
American Commerce Solutions, Inc. maintains a website at www.aacssymbol.com for wholly owned subsidiary, International Machine and Welding, Inc. Chariot Manufacturing Company maintains a website at www.chariot-trailer.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact: Daniel L. Hefner 813-244-9843
SOURCE: American Commerce Solutions, Inc.
Copyright 2007 Market Wire, All rights reserved.