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Rockyracoon,
An who told you this? ACLH management and you believe them.
AN IMPORTANT NEWS ALERT: Since ACLH, BCLE, and BOCL are all connected,it might be of importance that all ACLH shareholders check out posting #4342 on the BCLE message board. ACLH supposedly has 80% control of ABT which was once a major asset of BCLE. It sure did them alot of good.
AN IMPORTANT NEWS ALERT: The investors and shareholders in BCLE have lost thousands of dollars during the past two years and seen the stock price tumble into oblivion. The market makers and insiders maid out just fine. As a shareholder, it is your right to know the circumstances why this happened and it is the obligation of the new company management to provide an explanation thereof. After receipt of a recent email from the company’s new counsel, the impression was that since BCLE is a non-reporting company to the SEC, they can do as they desire with little regard to SEC and FINRA regulations for public companies. IMO, because of the lack of policing companies belonging to the Pinksheets, they have little fear and are not worried that their actions will lead to any substantial retribution.
I have been in contact and received three emails from Robert J. Huston III who says he is the new company counsel for BCLE. Mr. Huston can be contacted at any of the following: Eml – bob_huston@yahoo.com; Tel - 949-719-0565; Fax – 949-719-0565. He implied that the company has no current operating capital and is in the process of seeking new investments before it can substantially move forward. He stated, “BCLE’s recent lack of activity has been caused by a lack of liquidity sufficient to defray the expense of remaining current in its Pink Sheets disclosure requirements. Management has committed its best efforts to rectify the situation and expects to do so in due course as liquidity is restored.” What about all those assets identified in the PR’s? Can’t they provide some liquidity? What a joke. It’s been 9 months since the change of management with little progress.
He specifically stated, “I have been retained by Bio-Clean International, Inc. (BCLE) to advise and assist management in the restoration of BCLE to full unrestricted trading status on the OTC Markets’ Pink Sheets stock trading service. The first step in this process will be the preparation and submission such Updates to the Company Issuer’s Disclosure statement as may be needed to bring it current. BCLE is in the process of updating its financial statements to be included in the Pink Sheets filings. As each material step in the restoration process is completed BCLE will issue a press release announcing its progress and will make the appropriate filings with the Pink Sheets.” As can be readily seen, no time line or dates were given for any such action.
The emails have indicated that the PR of February 17, 2010 was a lie. As Mr. Huston stated, “the press release to which you refer was “inartfully” drawn.” He admitted that this PR supposedly referred to “another matter” meaning that there was no ”lawyer” holding the assets of BCLE in a Trust account as stated publicly after the change of Mr. Michael Roth as CEO. The shareholders were mislead to believe the assets were secure after the change of management. If the PR was inartfully drawn, why wasn’t there a retraction? It has been over 9 months since this posting. How many previous PR's from BCLE fall in the same category as being untruthful and deceptive?
Mr. Huston now has stated, “The Company assets, such as they are, are in the hands of management.” He was asked if the assets included all those items identified in the public record as noted in Rockyracoons posting #4330 on this site, and he would not elaborate nor answer the question. What does, “such as they are” mean? Mr. Huston continues to evade any questions with a straight forward answer.
If you are a concerned shareholder and would like to know what actually happened with your investment, I suggest you contact Mr. Huston at one of the above and ask him to answer those questions posted by Rockyracoon’s in post # 4330. Remember, the company belongs to you and it is your money they are playing with. Demand answers and do not stop until you receive them. Just maybe, someone in this company will be honest and have the decency to explain the entire situation and hold those responsible for management’s inactions and directions. Who knows, maybe BCLE can be turned around to be a profitable company, but I believe the chances of this are highly unlikely. As long as the vale of secrecy permeates throughout BCLE, any future investment is the company is risky. GLTA
Rockyracoon,
I agree that ACLH may be sunk without APS and the Andersons. Why then are the Anderson’s continuing to do business with ACLH management? Could it be the 38M shares of ACLH they own? Could it be they are involved in a scam? The Andersons are foolish to continue this relationship under the current situation. They could find another public company to promote their business without any trouble if APS is legitimate. It is all because of the all mighty dollar and they will run away should the opportunity present itself. IMO I don’t expect APS to be around much longer in a relationship with ACLH because this business decision just doesn’t make any sense, even if they have lost in their investment with ACLH. Having a “patent" doesn’t mean anything if the promotion end of your business, namely ACLH management, has proven its incompetency and inability to make proper business decisions to conduct their own business affairs and market your product. ACLH needs to put its house in order and personally knowing the principals, I don’t believe this will happen anytime in the next 12 months or at all. I wish them the best for a recovery but to crawl from the deep hole they have dug for themselves is simply beyond their capability and available funds. History continues to repeat itself with Kidder and group. When will everyone learn not to trust these people.
TavyCAl,
You don’t know how right you are in your post. I know some of the ACLH principals personally and I would not be surprised if they found an unscrupulous market maker to promote the stock. This would be a positive. I also would not be surprised if they simply walked away from ACLH and started another company. This would be a negative. IMO,the management of ACLH is unprincipled and not to be trusted in business matters because it is not their forte. This is the truth from personal experience. Don’t believe any words they say without proof of action. IMO, they never had any concern for their shareholders. This has been proven time and time again through questionable promotions and collaborating PR’s and a failure to keep the shareholders truthfully informed as to their intentions for the company. A lack of information goes a long way to building mistrust. ACLH, its management, directors, and associates have no credibility. The SEC agreed. We all know what happened. To make substantial money on this stock is simply a gamble and luck of the draw.
The action of ALCH management speaks for itself. No response, no information, no updates for the shareholders. I am always amused by the opinions posted on this message board. You just don’t know the people involved with ACLH as I do. Time is on their side not yours. May you all become wealthy, however, I personally will never sell my soul to a company operated by the likes of these individuals no matter how much money I lose or make. Too many people have been hurt. I hope all the dreamers on this board hold on to their ACLH stock thinking it will rise to profitable levels once again, knowing in their hearts, that is not likely to happen soon or in the near future. GLTA
Anonymous777,
I would be glad to go away, as you put it, when those individuals who are responsible for the current conditions at BOCL, BCLE, and ACLH are held accountable.
Clydesur,
Don't hold you breath for a substantial and/or factual update soon. Michael Roth has been CEO, President and Chairman of the Board of BCLE since February 17, 2010. You would think he would have updated the Pinkseet information by now. He is just a figure-head and has no interest in either the company or his shareholders.
On the prowl,
I am sorry but I have more respect for TavyCal because he is right. These people are big on words but small on substance. Consider the following and tell me then how much respect you still have for the company.
The public record states that on 4/1/10 Corporate Strategies Inc (Tim Connolly), received a consulting agreement for 3,000,000 shares of ACLH restricted untradeable common stock valued at $2,000.00. This was not announced until 05/17/10.
On 4/1/10, the stock closed the trading day at $.005. This means the stock was actually worth $15,000.00 and should have been valued as such. To avoid this, a $2000.00 value was placed on the stock by Kidder. They will argue that it was restricted making it illiquid and therefore they could place any value on it. Talk about respect for the company. Could it be that his friend at Corporate Strategies Inc. wanted to pay taxes based on the stated valued rather than the actual value of the stock? Think about it. Of course the stock was restricted from trading so I believe the group was satisfied to wait the time required to remove the restrictions before it could be sold.
Then on 05/25/10 the SEC suspended trading and throws a monkey wrench into their plans while the stock closed at $.04. The group was stuck with the stock. But remember 3,000,000 shares could be “piggybacked” having the restrictions removed and converted to tradable common stock if he company had an offering. On 6/9/10, Mr. Kidder conveniently puts out a Reg 506 offering for ACLH after it had been suspended and sent to the grey market. Why would any company put out an offering under these conditions knowing very well there were no market makers and probable purchaser’s of the stock? IMO, the only common sense conclusion is the group needed funds or convinced themselves the best course of action would be to convert the stock to tradable shares as soon as possible in order to sell them.
It’s only my opinion but the 3,000,000 shares have probably already been converted or are in the process thereof and are in the hands of friends for selling. This could account for some of the larger blocks of stock sold in the grey market after the suspension and may account for some of the volume noticed. These friends are other companies that are assigned the security for unloading. This is exactly what happened to my company when we issued stock to a member of this group under false pretenses unknown to us at the time and it quickly ended up in the hands of other individuals and companies. By doing this, the owner is hard to trace for tax purposes, and probably no one ever pays any or little taxes on the sale.
IMO, the consultation agreement is nothing more than insider trading and as it is structured, designed to avoid paying the appropriate taxes on the stock proceeds after a sale. Because the stock is not issued to the individual and transferred among several friendly companies, it is virtually impossible to trace who originally owned the stock.
There is no shame on their part nor any consideration for the ACLH shareholder who thought he invested his money in a legitimate ongoing company, while his stock continues to be diluted and devalued because of the actions of the group.
Face it that the only people trading on the greys are real speculators or die hard ACLH shareholders hoping to recoup some of their losses. IMO, it’s best to forget ACLH stock until their relationships with BCLE and BOCL are sorted out and the company moves in another direction, if ever. GLTA
Glenn Andrews, President of Left Behind Recovery LLC, said, "Most wells in the area and formation that we will be water flooding will produce from eight to ten barrels a day and drop off from that over the next eighteen months and, then, we go through the same process again.”
The next time you talk with Ares of ACLH and Mr. Andrews, ask him what is the cost benefit of their EOR (Enhanced Oil Recovery) to ACLH? After all costs are eliminated, including providing the fluidizer, what is the net profit realized per barrel of recovered oil for ACLH and ASP? This may vary because of how oil prices change so quickly, but at today’s price consider only the cost per barrel of EOR oil. Be specific and give us a dollar figure.
IMO, after extensive DD, APS is merely a company acquired by ACLH through William Anderson Holding Inc (William J. Anderson) being used to hype a procedure with a different fluid mixture for a process that has been around for years. It is untested on the subject wells and William Anderson of APS says the results on two wells will be provided later. IMO, this is a company being used to hype ACLH in order to drive the stock price after the suspension for the benefit of their major benefactors who are William Anderson, Viewpoint Capital LLC (Tim Connolly) , Tim Connolly, and others of the group stuck with ACLH stock after the suspension. The proof is in the relationships.
The Nevada State Corporation Records confirm that William Anderson is President, Russell Kidder is Secretary, and Rene Ponce is Treasurer of APS. It just happens that Rene Ponce is also a Director, Treasurer, and Secretary of BOCL. Russell Kidder is President and CEO of ACLH where his long time friend and associate Tim Connolly is a major shareholder in ACLH. Russell Kidder was also secretary of BCLE. And the list goes on and on and on. Don’t get caught up in any more deceptive PR’s with this group. Time to sell if you can find a buyer.
To be fair, I must be getting old and misread the terms of the contractural agreement of May 17, 2010 when Corporate Stategies Inc (Tim Connolly) got a consulting agreement with ACLH. Yes he did get 3,000,000 shares but the value for the transaction was not $2,000/share, it was $2,000 for all the 3,000,000 shares. I am sorry for the mistake. But what concerned me most was the "piggyback" arrangements. This means that the restrictions on these shares would be released immediately upon ACLH putting out an offering making them available for sale. This is still a nice payoff for a consulting agreement considering that the value of each share per the contract was $.00067 and if converted at today's close would be $.007 or $21,000.00. Quite a nice payoff and rate of return. If the stock went back to $.04 these shares would be worth $120,000.00. For your information, just more games that are played by these characters.
TavyCal,
I agree. Talk about PR's containing lies, you need to review BCLE's PR's who were probably drafted by Kidder when he was an officer of that company before he became CEO of ACLH. Makes ALCH look credible. (LOL)
In the May 13, 2010 ACLH disclosure, it is stated that William Anderson owns 38M shares of ACLH and Viewpoint Capital LLC (Tim Connolly) owns 11M shares. In addition Corporate Strategies Inc (Tim Connolly) received 3M shares for a consultation agreement valued at $2000 per share with piggyback rights on April 1,2010 and subsequently not disclosed until May 17, 2010. Piggyback rights gives rights of an investor to register and sell his/her unregistered stock in the event that the company conducts an offering.
Two questions to be answered are, “How much value did the company and ACLH shareholders get for the issuance of these shares? How could ACLH issue $60M of stock to Corporate Strategies Inc (Tim Connolly) and value it at $2000/share when the stock was trading at $.005? Something just isn’t right.
William Anderson is president of American Petroleum Solutions Inc (APS). ACLH is simply a means for his private corporation and associates to trade to the public. The value of the contract was not disclosed.
I don’t doubt that a contract exists and the PR is correct. It would be foolish for ACLH to publish an untruthful PR after an SEC suspension. It appears that ACLH has stepped back and is on the side line and the lead is being taken by APS and their associates while ACLH still continues to trade on the greys. GLTA
DaMomo,
You are exactly right on what ACLH should do if they want to continue in business; however they have been dealt a mighty blow and their taste for continued operations may no longer exist. See post #4244 on the BCLE board for more information.
To the shareholders of BCLE:
On Feb 17, 2010, Michael Roth replaced Jim Shipley as CEO, President and Chairman of the BCLE. The company moved to a “virtual” address at 5020 Campus Drive, Newport Beach, CA, all assets transferred, and had no available directors or officers to speak with for over four months. In fact, the company’s published telephone number was being answered by employees of a different company, ACLH, which, on 05/25/2010, had trading suspended by the SEC. Many of BCLE’s assets were transferred to ACHL prior to the suspension (see post # 19801 on the ACLH IHUB message board) and ACLH now trades on the grey market with little hope of every returning to the Pinksheets.
The transition from a company that was influencing shareholders with promises of contracts (statements readily on IHUB Message Board and PR’s) to one that has no reporting status with the trading quotation board (Pinksheets), all happened while Mr. Shipley was Chairman of the Board. Mr. Shipley was the spokesman for the company,along with Ms. Dunn. Since they left the company, phone calls and questions were no longer being answered. The statements, of Mr. Shipley and Ms. Dunn have been documented by many shareholders and are going to be referenced in future activities and investigations by the proper channels,I am sure.
In June 2010, I was informed by Mr. Griffith, the new general counsel representing BCLE, the business address changed again to Mr. Roth’s office location at 30021 Tomas St., Rancho Santa Margarita, CA 926888. As a major shareholder, I sent a first email to Mr. Roth explaining my concerns about what was happening with the company and the direction he was to pursue. Included with the email were many questions that needed clarification.
At that time, Mr. Griffith was not representing BCLE. They company had no current counsel. I did not get an answer to any of the inquiries other than BCLE had now retained Mr. Griffith as the company counsel. Three additional inquiries were sent to Mr. Griffith who quickly responded respectfully noting that all my inquiries would be forwarded to Mr. Roth for his consideration. Mr. Roth continued to ignore my requests and the questions were never answered. My last contact was on 6/11/2010 when Mr. Griffith said he could not engage in a conversation with me and any responses would need to be directed by Mr. Roth through him.
The lack of information coming from the new CEO, Officers and Board of BCLE is no different than when Jim Shipley abruptly left the company on Feb 17, 2010 and makes them a part of the problem. Essentially, there has been no or little information since Nov 2009. There have been thousands of dollars lost by the shareholders of BCLE under the leadership of James Shipley and group.
I suggest everyone contact Mr. Roth at 714-610-9347 or mroth@sccllc.net and Mr. Griffith at 562-240-1040 or david@dgrifflaw.com and request they provide answers and clarify their positions to the following questions:
1. What have you accomplished to move the company forward since the appointment to CEO on February 17, 2010?
2. What was BCLE’s properly designed and executed succession plan to insure a successful transition between CEO’s, the new board of directors, and other officers of the company?
3. Were all laws and regulations followed during the succession?
4. Were all the actions documented in the minutes and records of the company?
5. Who was responsible and what procedures were used to appoint Michael Roth as CEO, President, and Chairman and the other officers and members of the Board of Directors?
6. In who’s possession are the minutes and records of the company and have they been reviewed for accuracy? With regards to this question, I contacted and spoke with Mr. Roth on 5/18/2010. A follow-up email was sent about this discussion on 5/27/2010. Mr. Roth flatly stated that he had not read the minutes nor reviewed the records for the company. Ask yourself, how could anyone assume such a position without doing so? Obviously he was completely uniformed as to BCLE operations and my inquiry was four months later after assuming the CEO position.
7. In who’s possession is the stock ledger?
8. David Griffith was recently appointed as the company’s general counsel. Will you confirm this?
9. Who is the company’s current securities counsel?
10. Where are the company assets and who is the “lawyer” holding them in trust for the shareholders as stated in the PR of Feb 17, 2010? Where is the trust located?
11. Will you confirm the existence of the following BCLE assets identified in the public records and are they all indentified in the company books and records?
a. Existing contracts and payments dealing with the cleaning of airplane parts, weapons cleaning machines, etc. by American Bio-Tech Cleaning Inc (ABT)?
b. A $1,000,000.00 purchase of cleaning solution that was under contract. If that contract was indeed changed over to another company, without financial benefit to the shareholders of BCLE, will you investigate the matter. As a reminder, this was a part of a settlement between BCLE and BOCL to allow BOCL rights to the name it is using.
c. 8,000,000 shares of BOCL common stock issued to James E. Shipley when they should have been issued to BCLE and its shareholders. (See BOCL’s recent Information Disclosure of March 31, 2010).
d. 3,000,000 shares of BOCL common stock issued by BOCL for the use of the Bio-Clean name.
e. 41% of the common shares of American Bio-Clean Corporation (ABC) issued to BCLE. The change of CEO and Board Of Directors on Feb. 17,2010 modified the status of this asset on the books from one of a subsidiary to an investment only.This needs further clarification.
f. 100,000 shares of ACLH preferred convertible worth $1,000,000.00 of ACLH common stock issued to BCLE for the purchase of their 80% interest in American Bio-Tech Cleaning Inc (ABT).
g. The number of shares issued from its’ acquired subsidiary, Bio-Clean Energy Inc, headed by George Roth, who controls Nipatech Energy Inc, a clean energy company.
h. The number of shares issued to BCLE for its 49% interest in American Construction Services Inc, a company headed by John P. Finn.
i. Any other identified assets on hand at the time of the resignation of James Shipley, his Officers and members of the Board of Directors, and the installation of Michael Roth as the new CEO and spokesman with a new Board of Directors for BCLE.
12. For all the shareholders, please provide or verify the following current public information for BCLE:
a. Contact information for Michael Roth, CEO, President, Chairman.
b. Contact information for the current transfer agent.
c. Legal address for the company.
d. Company phone, email, fax, and website.
e. Current number of outstanding shares, number of shareholders, number of shares in the float, and the most current capitalized value of the company.
f. Contact information for the company general counsel and securities counsel.
13. Did James Shipley, John Finn, and Tammy Dunn simply walk away from the company and what did they take with them in the process?
14. In order for BCLE to move forward with Michael Roth as the new CEO, if any improprieties have occurred, company assets need to be recovered immediately, and if necessary, those responsible, identified and held accountable to face legal proceedings for any illegal activities. Do you agree? What steps are you currently taking to insure this happens?
15. In addition, the minutes and records of the company need to be verified for accuracy to insure they contain all the past board actions and operational agreements signed between ACLH, BCLE, BOCL, ABT, ABC, Bio-Energy Inc., and American Construction Services Inc. Are the actual agreements a part of the company minutes? If not, where are they?
16. To insure no securities fraud occurred, the transfer agent should confirm that all regulatory steps for the transfer of stock between BCLE, the aforementioned public companies, or other individuals were properly executed and documented. Any transfer or the acquisition of stock between private corporations shown in the public records will also need to be verified by those companies. What steps have you taken to verify this information is correct with the transfer agent? Have all the certificates been issued for these transactions and are they in possession of
the company directors at this time?
17. Have you taken actions to perform an audit since the change of leadership over 4 months ago? If not, when will the audit be completed? In clarification of this question, when I spoke with Mr. Roth on 5/18/2010 he stated the company had no assets or funds to complete an audit at that time. He also said that they were waiting for new investors in order to obtain the funds to do so. Were's all those assets documented in PR's?
18. When will the Pinksheets information be updated to reflect current company information?
19. For lack of information, as best as can be determined, what is the estimated net-worth of BCLE at this time? How was this determination made?
20. Is BCLE or has it ever been a shell company as defined by Rule 405?
21. Did a “liquidation event” occur without shareholder notification when Mr. Shipley left the company and Michael Roth was installed as the new CEO?
22. Has BCLE been in complete compliance with Rule 144 for exemptions in offering any private placements and receipt of any funds thereof after Jan. 2008?
As a shareholder of BCLE stock, if you are not concerned as to your equity position in this company, then simply ignore this personal analysis and move on. Every item is a matter of the public record but the company may view some of the answers to some of the questions as proprietary.
These inquiries are required knowing the background of James Shipley and group and his quick departure from BCLE. Any legitimate company would have no problem with clarifying their position since all the information requested should be readily available. All that is requested is clarification of the company’s current status, where its’ current asset are located and under who’s control, and its’ position with regards to the current leadership.
Any information a shareholder can acquire needs to be posted on this website for the benefit of all concerned BCLE shareholders in order that a well informed decision about a future investment in BCLE can be formulated. Should the information not be forthcoming and should there be a further eroding of shareholders’ rights, consider the need to file a complaint with the southern CA division of the SEC, CA Department of Corporations, demand their action, and consider your participation in a future shareholders lawsuit. GLTA
All shareholders should see post #19801 on the ACLH message board.
For anyone who received BCLE stock from a “private placement” after Jan 2008, of extreme importance are possible SEC securities violations of Rule 144. For any shareholder, this alone could be reason for an SEC suspension and the subsequent future halting of any company trading if the SEC examines the entire history of BCLE and determines that they were in fact a “shell” company at one time.
The problem arises from the Rule 144 changes concerning reporting requirements for shell companies and the sale of unregistered restricted shares. Once a company is a shell company, it must be fully reporting “forever” under the regulation revisions. If restricted shares were issued by a reporting or non-reporting company that is now or ever has been a shell company as defined by SEC Rule 405, the Rule 144 safe harbor is available only if the issuer has fully complied with Rule 144(i)(2). Rule 405 defines a shell company as one that has: (1) no or nominal operations; and (2) either: (a) no or nominal assets; (b) assets consisting solely of cash and cash equivalents; or (c) assets consisting of any amount of cash and cash equivalents and nominal other assets. Compliance with Rule 144(i)(2) requires that a former shell company (a) must have ceased being a shell company, (b) must be subject to the 1934 Exchange Act, (c) must have filed Form 10-like information at least 12 months ago (the so-called “Super 8K”), and (d) must have filed all reports required by Rule 144(c) during the previous 12 months.
It’s obvious that BCLE has not been a fully reporting company for the previous 12 months. It should be investigated to see if BCLE received any funds from “unregistered restricted private placements” using the Rule 144 exemption. It could be that any stock received under violation of the restriction could be entirely worthless and could never be sold since the restriction could not be removed.
The history of the company is conflicting and not completely displayed on the Pinksheets information sheet but only in the Initial Company Information and Disclosure Statements. In the narrative they indicate the company was not a “shell”, but IMO this statement may be a misrepresentation of the company and certainly needs to be left open for debate. As best that I can determine from the public records, the history of the company is as follows: 1992 – Northern Medial Inc.(Delaware); 1992 - Normed Industries Inc (Delaware); 1995 – Highland Resources Inc (Delaware); 1997 – Highland Holdings International Inc (Delaware); 2002 – E Street Capital Services Inc or E Street Access Inc (Delaware); 2007 – Highland Holdings International Inc (Nevada); 2007 - Bio-Clean International Inc (Nevada). Can you identify the shells?
Essentially, BCLE is ACLH. BCLE, and specifically Michael Roth (CEO) and their counsel Mr. Griffith, will not identify nor confirm the location of their assets as stated in numerous PR’s and in the public records and refuse to communicate further on the matter with their shareholders. This is another matter that needs further investigation. I would suggest that any BCLE shareholder call or email Mr. Griffith at 562-240-1040 or david@dgrifflaw.com and Mr. Roth at 714-610-9347 or mroth@sccllc.net and asked, as posted in the PR on Feb 17, 2010, what’s the name of the “lawyer “ is who is holding all the BCLE assets and the location of the trust? If you get an answer, post it.
For all you longs, check out post #19801 on the ACLH message board.
For all you longs, you need to consider it is not just ACLH but the individuals involved with the company. They are masters at deceptive PR’s and promotions that are always balancing on the edge of the truth. This time however, Kidder finally fell over the edge. The SEC is not picking on this company nor do they treat such matters lightly.
The SEC knows this group of individuals and now have placed them on notice and under further scrutiny. The SEC says their focus was on the scam.
All has the appearance of being legitimate when ACLH, BCLE, and BOCL are tied together and not likely to be successful companies because, in truth, they were always under-capitalized and havens for incompetent managers and individuals of questionable characters.
Mr. Kidder, Mr. Connelly, and their group have been involved in Pinksheet trading for years. ACLH was too cheap to hire a counsel who should have approved all drafted PR’s before release. The PR’s were drafted and approved in-house without the assistance of counsel. Only now that they find themselves in trouble with the SEC, have they hired an attorney to represent them. Notice on the Pinksheets for ACLH the firm of Baker Hostetler LLP has been added since the suspension. A member of this firm is Randy Katz, a securities counsel, and a long time associate of Kidder and his group. He was previously an attorney at Bryan Cave LLP. After dealing with him, I’m no fan of Mr. Katz for what it’s worth.
ACLH used the Gulf Oil spill as hype to promote themselves through an acquired subsidiary by a stock exchange, when in truth, APS products and methods are supposedly better suited for industrial oil recovery in shale rock, old oil wells, cleaning of tar pits, etc., which all existed before the Gulf Oil spill. All this talk about having a subsidiary with a “patented fluidizer” is immaterial and more hype and means little with regards to the real reason for the actual suspension of trading.
It was ACLH management,officers, and directors that blew the whole game with hyped untruthful PR's and statements probably orchestrated by Russell Kidder, which is the typical mode of operation, and were caught doing so by the SEC. ACLH, BCLE, and BOCL shareholders lost thousands of dollars in this situation. As I predicted in a few previous posts, ACLH went to the greys and its anybody’s guess what will happen to BCLE under Michael Roth, the new CEO, President, and Chairman and long time associate of James Shipley. It’s only a guess what their plans are for BOCL.
I know for a fact that Mr. Shipley stated he knew the SEC was coming down hard because many complaints had been filed. The majority of the complaints were filed against Bio-Clean International Inc (BCLE). Why do you think Shipley bailed on February 17, 2010? He had interests (stock) in the private corporation of ABT and had at least 8M shares of BCLE. Part of the agreements of Feb. 17, 2010 which replaced him as CEO included the purchase of BCLE’s interest in ABT by his friends at ACLH. IMO, it’s obvious he needed to protect personal assets. This is the reason why they probably transferred as many of the assets as they could of BCLE to ACLH prior to his departure but had no idea that it would be ACLH and not BCLE facing a SEC suspension. Essentially, ACLH is BCLE. BCLE, and specifically Michael Roth (CEO) and their counsel Mr. Griffith, will not identify nor confirm the location of their assets as stated in numerous PR’s and in the public records and refuse to communicate further on the matter with their shareholders. This is another matter that needs further investigation.
Tim Connolly had over 9M shares of ACLH at the start plus he received millions of additional shares over the last several months. That's another story, especially with his past involvement in Corporate Strategies Inc and their relationships with, Jim Shipley of Asset Capital Group Inc (ACGU), Russell Kidder of Turnaround Partners Inc (TRNP), and Russell Kidder of ACT Clean Technologies Inc (ACLH).
Watch the game to be played among ACLH, BCLE, and BOCL. They need to recover some of the lost assets. Remember that BOCL is the only fully reporting company of the group. You may see a reverse split, one company folding into the other, a RTO, name changes, questionable stock exchanges, unregistered and restricted private placements, offerings of convertible Promissory Notes, offerings of convertible Preferred stock, conversion of Debentures, or other paper tricks which suddenly appear and have previously been used by the group to stabilize their positions.
As of May 13, 2010 ACLH had one employee IAW the Pinksheets. At this time and to best of my knowledge, ACLH has no contracts and its’ sources of income and operational cash are depleted and consist primarily of “unregistered restricted private placements” from investors provided by James Shipley, or possibly a percentage of the income from a subsidiary like ABT and APS. Yet, ACLH associates acquired millions of shares of company stock, i.e., Corporate Strategies Inc (Tim Connolly), received a huge consultation agreement, announced prior to the suspension, which served no other purpose than to benefit the group while diluting the share value for the other shareholders. Wake up and realize these people do not, and I repeat, do not care about the shareholders. That’s not a part of their game plan.
IMO, ACLH in its current configuration is finished and deserves everything that has happened. What is sad is the shareholders do not deserve this treatment. The SEC can’t protect every investor, but can only look to the future. Along with the “grey market status”, several individuals need to be prosecuted this time, fined and suspended indefinitely, and be put in “the grey-bar” hotel. I’m not confident that this will happen even if unlawful activity took place. Bring on the plea bargains. Direct your anger at Kidder, Connolly, Shipley, Ares, G. Roth, M. Roth, Viewpoint Capital LLC, Financial Capital LLC, Corporate Strategies Inc., TRAC Investments Inc., and their subsidiary, American Petroleum Solutions (APS) to name a few for any of your losses, and not the actions of the SEC.
The pumpers and dumpers and unscrupulous market makers, who may be part of the group, made out like bandits. On 5/3/10 there were approximately 89.6M shares of ACHL traded @ $.07 for a market value of $6.2M. After the suspension and as of the closing of trading on Friday 06/25/10, there were 591K shares traded @ $.005 with a market value of only $2,955.00. The volume continues to dry up. This is exactly what several posters on this forum predicted and their insight cannot be questioned.
As for me, I am not a basher, but an honorable veteran and grandfather who has been burned by this group and looks at the reality we are all facing. The majority of my information presented is all in the public records accompanied by a personal analysis. I challenge both ACLH and BCLE to deny what has been posted. As a matter of credibility, I have talked with the SEC, CA Department of Corporations, FINRA, Kidder, Shipley, Ares, Michael Roth, Randy Katz, George Roth, counsel and I’m not here to cause problems or save anybody so make your own decisions about your investments and trades in ACLH; however, my direct insights and experiences with members of the group are undeniable. I’m just angry like many shareholders of ACLH, BCLE, and BOCL who have seen their investments dwindle to nothing at the hands of self indulgent individuals and wondering how it all happened. Now you know a part of the story.
The game was fun while it lasted and history continues to repeat itself again and again with these characters. I applaud the SEC for their action. I’m truly sorry for everyone’s losses. An expanded SEC investigation needs to follow and is necessary for the protection of all ACLH, BCLE, and BOCL shareholders’ interests. Until proven otherwise, I suggest you stay far away from any company associated with this group. The decision is yours. GLTA
Only briefly mentioned and of extreme importance are probable SEC securities violations of Rule 144. This alone could be reason for an SEC suspension and the subsequent future halting of any company trading if the SEC examines the entire history of ACLH and determines that they were in fact a “shell” company at one time. The history of the company is conflicting and not completely displayed on the Pinksheets information sheet but only in the Initial Company Information and Disclosure Statements. In the narrative they indicate the company was not a “shell”, but IMO this statement may be a misrepresentation of the company and certainly needs to be left open for debate. As best that I can determine from the public records, the history of the company is as follows: July 1995 - NuWave Engineering (Delaware); Jan 1996 - NuWave Technologies Inc (Delaware); Aug 2005 - Corporate Strategies Inc (Delaware); Jan 2006 - Emerge Capital Inc (Delaware); Nov 2006 - Turnaround Partners Inc (Nevada); Dec 2009 - Advanced Clean Technologies Inc (Nevada); Jan 2010 - ACT Clean Technologies Inc (Nevada). Let’s play identify the shells.
Maybe the company is so quiet because of other problems. Has anybody investigated the past history of ACLH? Has anybody considered that they may have been a “shell” company in the past? They started out as NuWave Engineering Inc a Delaware Coproartion and have changed names 7 times and are now known as Act Clean Technologies Inc. If they are a shell company, they would be in violation of SEC Rule 144 and not able to use the Rule 506 exemption for the private placement since they have not filed the required SEC reports between November 2008 to June 2010. New SEC regulations of January 2008 says that once a company is a shell company it is always a shell and must be reporting for 12 months prior in order to use the exemption. Their information disclosure states they are not a shell. Could this be a misrepresentation of the company? Theses characters lack attention to details and have lied before. Just asking.
Very interesting. Did you notice on the Form D they listed the state of incorporation as being Deleware? This should be the State of Nevada. Check the records. They can't even fill out a Form D properly. We are all in trouble.
Thanks TEX. I stand corrected. Your words are better than the ones I used but meant the same. Again, thanks for the clarification. It is appreciated.
Sorry, but I was being facecious. However, have you ever heard of the SEC changing its mind for further investigation and either not lifting the suspension or extending it after stating it would be an automatic 10 day suspension?
The suspension is dealing with more than with the deceptive PR’s. It has to do with the shysters running the company and their past. The SEC is cracking down on white collar crime and scams more than ever before. More investigation is needed. Normally a case like this would be handled at the local SEC regional office where the company does business. In this instance, it is being handled directly from Washington, D.C. Does that boost anyone’s confidence? It will open on the Greys or not at all. TavyCal is right.
Blaine, thank you. Have you seen the video of the APS fluidizer process in action? Have you read hte patent paragraph 7 of the "process of fluidizing"? It provides the dispersion solution composition. What else can I say?
Jim, thanks. I now see I could make the "fluidizer agent" in my garage in 5 minutes, put it in a pressure washer, and clean oil from the garage floor or a ship hull. APS was only acquired by ACLH to help the the promotion of the scam. They needed a small company with a "miracle process", and used the Gulf Oil spill as a catalyst for the deception. APS is a small outfit that may do good work in their field, but cleaning "tar pits" is hardly applicable to the Gulf Oil clean-up. APS was acquired for a stock transfer and not a purchase, and IMO, to be used to pump ACLH. This is the typical mode of operation for the management and associates of ACLH. Only time will tell, but don't be surprized if the company just disappears and not even opens on the greys. I'm not suggesting this will happen for everyone's sake, but the SEC has put the hammer down and are not to blame for this horrific situation.
Daddy,
I want to thank you for all your information. Your contributions are really appreciated. I do have a question, however, that maybe you can answer. APS's fluidizer patent is for a "process" to clean-up oil sludge. To do this they inject a fluidizer solution" to essentially thin the slegde so it can be siphoned or vaccumed into a holding container. I don't believe the solution is patented. Do you have any idea who provides the "fluidizer solution", what it is, or where it is made? Again, thanks for all the great insight.
I thought the conversation was directed at Mr. Kidder. Isn't it strange that we are now looking at Mr. Shipley? All the companies Bill mentioned were directed or closely associated with James Shipley. He was president and CEO of Trac Financial, ACGU (Asset Capital Group), Finni Group, and a director for TRNP.
Bill,
You have provided no information that is unknown. Please answer the question, which company did Kidder take the stock to $1.00?
Bill,
Please name the company and does it still exist?
Chris,
I would still be posting because I have a large monetary interest in the success of ACLH. I will lose just like everyone else who invested in this hyped company should it fail.
Yes I personally know Kidder and have associated with him in the business environment for over 4 years. He actually did work for me. He personally associates with Shipley and friends on a regular basis. Unforntunately, I know of no company within the last 5 years, where he managed or was an associated, that was successful.
Thank you for the clarification. I know the firm but was only questioning the appeareance of using them for all their counsel needs. Could be another deception if you know what I mean. I'm just wondering who is handling this entire mess for them? It is appears not to be K&L Gates LLP.
jire,
I talked with an attorney at K&L Gates LLP about a month ago. He stated that ACLH was not a big client and they had only performed a small amount of securities work for them. They did not know the name of their general corporate counsel since they only specialize in security related matters. If anyone knows who the general counsel is that represents the company, please provide the information.
STOP: Fact. Be careful. Do your DD. Check the CA State Bar Attorney Search Records for Russell Kidder, #53887. I have known Mr. Kidder for several years, he’s a nice guy, but all this praise about what a great CEO is bull. IMO Mr. Kidder couldn’t tie his shoes unless he was directed by someone to do so or hadn’t plagiarized someone’s work. He lacks attention to detail. He is simply a figurehead being manipulated by other associates. Who knows how much stock Tim Connelly and his associates have accumulated of ACLH, but beware, IMO when they choose to “dump” it, run for the hills. No investment here but simply hype and a trading frenzy made on the broken-backs of BCLE and BOCLE. GLTA
WARNING: Everyone needs to be careful with this stock. Pinksheets reports Caveat Emptor today.
Hi,everyone. There is one correction. Check out the decelerator at www.thedecelerator.com. Sorry for the mistake. It's time for this stock to sail. GLTA
Hi everyone. Check out the new site to purchase the decelerator at - www.decelerator.com. It really looks great.
The CEO now hides behind their attorney and will speak with only a few of the shareholders. What’s up with that? Hello, isn’t this a public company? Until you have more information, much of what is said is nothing but speculation. The theories set forth by ETF-TA are interesting and plausible and I have seen this exact scenario played before in the penny stocks. I agree there is a difference between an investor and a trader, so keep your emotions out of the mix. Never believe much that Shipley says as factual at the moment, he will always delay anything and everything, ignore you, be secretive, and yet, I have first hand experience that he may eventually perform and get the job done if it benefits him or if continually pressured to do so. ChinaDude has every right to feel the way he does and his list of companies involving the CEO is not complete. If I knew who it was doing any manipulation you can be assured I would tell everybody. I’m working on it. IMO, be patient and keep what shares you have through the rest of 2009 to see what happens, and buy more if you would like, but I wouldn’t throw away those SEC complaint forms just yet. Mr. Shipley needs to get his act together now or no matter what he names the company, IMO, history will be repeated and he will fail again; but the stakes this time are much higher for him and he knows his is under intense scrutiny. The holidays are on us, business will be slow, so don’t expect any major developments soon, except IMO, maybe a pump for BCLE after the name change. GLTA, remain positive, and have a great Thanksgiving Holiday.