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Textbook MM manipulation:
http://www.internetplays.com/education/marketmaker.php
If people sell at below the ask, the price gets depressed, no?
Called Ares today. He picked up on the second ring. Says something will be out soon, apologizes for the delay. Admits they're behind schedule. Isn't willing to provide a time frame/range for when a PR will be put out because if they miss the date, it'll look really, really bad. But hopefully soon. And it'll address pretty much all the issues people have been concerned with, especially the SEC suspension. Also, they're not staying on the grey market.
Yes, I know this doesn't mean much, if anything at all, but just thought I'd share.
I still have my fingers crossed. Sigh.
If you sell now, you are getting ripped off. The PPS will go WAY higher soon, you'll see. Hang onto your shares. This is a no brainer. With one merger already under its belt (Tactician), the second one is proceeding nicely. Its completion is just a matter of time and pretty much a guarantee!
He's not in North America probably.
0.015 is WAY under where we should be. It's only a matter of time before the merger news hits for the Hydro company, just like with Tactician, and then the PPS will skyrocket! Buy your tickets for the show now!
PPS should be MUCH higher than 0.016 for the value of this company. Just a matter of time. Buy now and watch it skyrocket!
If you wait for news, you'll miss the train. Buy now or else when the news hits about the competed merger, you'll regret it.
0.016! And the great thing is, this isn't even where the stock price should be yet. UP WE GO!
VCTY R/M is pending, only a matter of time. Don't mistake VCTY for some empty shell company that simply might merge.
The facts speak for themselves. VCTY has already completed a merger with Tactician University which nets over $1M. The second merger with the Hydro-electric company that profits over $7.3M is only a matter of time.
Don't miss out.
VCTY is the real deal, R/M is imminent.
With one completed R/M with Tactician University, the second one is only a matter of time, and probably soon in light of the fact that the portfolio manager went over to China just yesterday. That would not have happened if things were not proceeding well with negotiations.
Hop on board before the train leaves!
That's my point. I'm *not* comfortable, and that's why I'm not buying yet. And I think that's why a lot of other people aren't buying either. This isn't like VCTY (another MiniMar R/M) when they merged with Tactician University and posted some actual figures.
When the merge hit, the price went up and it's been holding steady at around 0.008-0.01 whereas prior to the R/M it was holding at around 0.004-0.007.
In this case, we pretty much know almost nothing about Bermal. No one's heard of Bermal. I found that Bermal is SAFE certified, which is cool I guess, but if what Fire Lane is true and they're supposed to be on file with the government and they're not, that's a bit disturbing to say the least.
There's very, very little to go on IMHO. It's not like the PR says "Hey, NWTT merged with Bermal who has a revenue of so and so and so. They've been in the business for 50 years." Nothing like that at all.
And listen, I'm not a basher, but I've learned to not get caught up in the pumping frenzy. If I had bought earlier today at .001 like some of you were urging everyone, I'd already be down 22% for the day at close. Maybe it'd go back up, but then again, maybe it wouldn't. *shrug*
Convince me to buy with some cold hard facts:
Whether some of you like it or not, Fire Lane has a point. I haven't really found much of anything about Bermal at all.
Most importantly, there's no financial information about Bermal. Without that, no one has any idea how much NWTT should be worth post merger. How many employees does Bermal have? What's their profit/revenue? Operating expenses? etc. Merely saying that their revenue is "substantial" (from the PR) isn't very concrete.
I can't find an ounce of information about them.
I'm much more reluctant to buy pennies now that I've been burned.
You asked for proof of existence, I did my best. I don't have a stake in NWTT at all but I am considering buying.
Found Bermal Contracting:
http://www.bcforestsafe.org/files/files/newsroom/safeco_update37.pdf
Between March 2–13, 103 more companies were
SAFE certified. Congratulations to the following
companies for contributing to the safety of their
employees and BC’s forest industry:
0329881 BC Ltd. dba MDM Holdings, Terrace •
0696991 BC Ltd. dba Pat Ferguson Contracting,
Williams Lake • 531616 BC Ltd., Williams Lake • AJH
Contracting, Williams Lake • Allison Creek Ranch,
Princeton • Alpine Forest Services, Terrace • Banyan
Contracting Ltd., Victoria • Bermal Contracting Ltd.,
Winlaw • Big B Contracting Ltd., Kelowna • Big Horn
Contracting Ltd., Okanagan Falls • Blackmine Outfitters
etc etc.
Article dated March 2009
And here as well:
http://www.bcforestsafe.org/files/files/SAFE_Companies/Who%27s%20SAFE/SAFE%20Companies%20Registrations%20July%2031%2009.pdf
BC Forest Companies Registered for SAFE Companies
Bermal Contracting Ltd. Winlaw IOO
Updated info posted on pinksheets has the address Fire Lane:
http://www.otcmarkets.com/stock/NWTT/financials
Supplemental Information - NW Tech Capital, Inc. (NWTT) - Share Purchase Agreement w/ Bermal Contracting
Period End Date: Jul 30, 2010
Received: Aug 3, 2010
At the end of that document:
If to Buyer:
NW Tech Capital, Inc.
375 N. Stephanie St.
Suite 1411
Henderson, NV
Attention: Carol Robichaud
Interim President, Secretary
If to Seller:
Bermal Contracting Ltd.
RR#1 site 16A C-39
Winla, BC
VOG 2JO
Canada
Attention: Raffaella Bernar
Yeah, that too. Sigh, wish I had averaged down when DSCO was sitting at .17. I bought back when it was .52. Soooo high. My fingers are crossed for good news tomorrow.
The conference call is tomorrow. People are loading up just in case the CC has good news tomorrow. If the CC isn't good news tomorrow, DSCO is going to tank hard right after.
New video by Ancon Marine found on youtube, posted 7/19/2010
"The answer to oil spills. Free Oil is a nonhazardous green chemistry that will not create an emulsion when interfacing with production crude or refined oil. Free Oil has passed the EPA standrard fingerling fish kill test that is required when removing oil from hard surfaces from a body of fresh or salt water. The video is a demonstration of removing crude oil from beach sand using Free Oil. Please contact Frank Galasso for any questions at (310) 261-0614 or frankg@anconmarine.com"
ACT Clean just called me.
No, it wasn't Ares. It was Valerie requesting my email address to send an investor newsletter/update. Wonder what it'll say, hrm.
Regarding my conversation with Glenn Andrews:
Forgot to mention this. Glenn Andrews said that he was in meetings with Russell Kidder and that Mr. Kidder assures him they've been furnishing requested documentation to the SEC since the suspension and are working on getting everything straightened out
Just spoke to Glenn Andrews and also clarification/revision to earlier posting regarding Ares:
Ares does follow what's posted on IHUB and he read through my last update regarding our conversation and he wanted to address my issues with the video:
Ares did not say that that's what Bill Anderson decided to go with (with respect to the logo). Ares said that Bill Anderson has the answers to that, but Ares assures me that FreOIL/Oil Sludge Fluidizer belongs to Bill Anderson. Bill Anderson has the rights to that video as well as the product and that he (Anderson) has been urged to address that issue.
Also, Glenn Andrews returned my phonecall and I asked him about the contract. He confirms the existence of a contract between Left Behind Recovery (http://leftbehindrecovery.com) and ACT Clean. He also confirms that currently there are two tankers of ACT Clean's product being sent to Texas.
Mr. Andrews informed me that currently LBR has 38 wells in Texas and there are literally thousands more. Depending on the effectiveness of ACT Clean's product in promoting oil production in the wells, this could be a very viable business with repeat orders to ACT Clean.
Mr. Andrews also told me that work is set to commence one week from tomorrow (Tuesday) and that the contract is non-expiry. He also told me that there should be millions of barrels of oil under ground and that the method they chose to extract it in this case is water flooding mixed in with the chemical. He also got into the technical aspects of it a bit (something about horizontally approaching the wells and how it's honeycombed underground, etc. but I sort of got lost in things, sorry fellas.)
I also asked Mr. Andrews if he had a name for the chemical they were using, and he told me that they don't because the formulation is a bit different from the chemical (FreOIL/Oil Sludge Fluidizer) that is used to clean hard surfaces above ground.
So, there you have it.
Just spoke to Ares:
First of all, I had a TON typed out here summarizing my conversation, unanswered questions, and findings and then of coure, knowing my luck, my browser crashed. So I now have to retype everything, argh.
This is my third time speaking with Ares since the suspension. I asked him if he had any update aside from the PR and he said not really, and he apologized again and said that he wished he could be more specific about things, but he couldn’t. He told me that currently they had some of their FreOil product being shipped to Houston for the oil wells though.
I then asked him some very direct questions:
Are they trying to get back on the pinksheets?
He told me he couldn’t give me a straight answer to that until they decided what path the company was going to take with respect to getting back on a market, but he *could* tell me that they don’t intend to stay on the grey market. But he simply can’t tell me if they intend to get back on the pinks.
So the product is called FreOIL? I thought it was called oil sludge fluidizer?
He laughed and said that the product’s been called a lot of thing because Bill Anderson has been dealing with a lot of contractors.
Now, for a little DD:
Now, as you see here, GGT has a product called FreOIL with Petroflo branded in the bottom right hand corner. Notice the size of that logo:
http://greengrowthtechnology.com/includes/companies.php?comp=3
APS has the exact same video at a higher resolution with a larger logo branded Green Chemistry (TM) in the same corner.
http://www.americanpetroleumsolutions.com/oil-cleaning.wmv
I asked Ares directly about this and he said that Bill Anderson was planning on going after Petroflo for infringing on the patent for their product. I then pointed out that APS’s own video says Green Chemistry (TM) on it and asked why and he said that that’s just what Bill Anderson went with. That answer wasn’t satisfactory to me.
If the video is stock video footage that originally didn’t have a logo and that was indeed Bill Anderson’s video, then I suppose GGT/Petroflo could have stolen the footage and branded their logo on it. However, if the original footage had GGT/Petroflo branded already and ACT/APS stole that video, that would certainly explain why the Green Chemistry (TM) logo is so gigantic. Also, it’s pretty annoying how the quality of the video footage is so low in today’s day and age and the timestamp is conveniently blocked out by the logos. I’m not saying that APS stole the video or that the product doesn't exist or isn't theirs...just that there are some glaring issues with things being repored.
Are you guys actively participating in the Gulf cleanup effort?
No, and he doesn’t want to give the false impression that ACT is.
Are you guys trying to get yourselves involve with the cleanup effort?
Yes. Again, he emphasizes that what the earlier PRs stated are all true and that we should note that towards the end, in the About ACT section, nothing’s change. (i.e. It still references involvement with BP and all of the other big name companies.)
I then made it very clear to him that as an investor, holding onto my shares at this point is very difficult what with the little to nothing they’ve disclosed to us with regards to the SEC trade suspension and the actual progress being made to recover from that and I expressed my huge disappointment in today’s PR. I then asked him if there were to be future larger PRs to be expected from ACT and he said he has great confidence in ACT and high expectations, but that if we’re expecting an overnight return on investment, that simply isn’t going to happen.
A little more DD in progress:
I've called Left Behind Recovery LLC after searching for a long while. I eventually found a working number. A lady picked up and when I asked if it was Left Behind Recovery, she said no, that she does the railroad commission for them, and that I probably wanted to get in touch with Glenn Andrews. She gave me his cell phone number which I called, and I left a voicemail with my number and am awaiting a callback.
So there you have it. Pure information on what I've obtained.
Now a little about myself and where I'm headed with regards to ACT:
I have 90,000 shares that I purchased originally at $0.0488 valued at $4,392.00 + $9.99 commission. Current value at $0.007 = $630 assuming I can even unload it at that price. So I certainly have a stake in company, although I'm sure others have larger interests.
I may just cut my losses and put my money to better use and hopefully make up for the loss through better future investments. As of now, my money is just in limbo.
PR issued - ACT Clean Technologies, Inc. Signs Contract With Texas Oil Group to Use Oil Well Enhancement Fluid in Water Flood Project in Aus
Act Clean Technologies (OTC) (USOTC:ACLH)
Intraday Stock Chart
Today : Monday 28 June 2010
Click Here for more Act Clean Technologies (OTC) Charts.
ACT Clean Technologies, Inc. (PINKSHEETS: ACLH) announced today that it has entered into a Joint Venture Agreement, whereby ACT's wholly owned subsidiary, American Petroleum Solutions, Inc. (APS), will supply its Oil Well Enhancement Fluid for a new water flood project in Texas. Terms of the agreement were not disclosed; however, APS will be paid for its fluids and labor and ACT will retain an interest in each well as reworking is completed.
William Anderson, President of American Petroleum Solutions, Inc., stated, "We are excited about the opportunity that the joint venture partners, including Weekley Energy Group I, LP and its General Partner, Left Behind Recovery LLC, are giving us. They will be using our fluids in the water flood process with the intent of providing increased oil production over a longer period of time. Results of the project will be announced when the reworking of the first set of wells is completed."
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. We are always seeking new improved technologies with the hope of increasing production. We believe that the Oil Well Enhancement Fluid provided by American Petroleum Solutions, Inc., and ACT Clean Technologies, Inc., will increase our daily production and extend production for a longer period of time. Even though APS fluids are not new to the task of cleaning up hard surfaces, oil tanks, oil spills, etc., their use in an oil field water flood project is a potential innovation in the effort to expand production of existing, domestic oil wells. We look forward to working with APS and ACT now and in the future."
About ACT Clean Technologies, Inc.
ACT Clean Technologies, Inc., and its wholly owned subsidiary, American Petroleum Solutions, Inc. (APS), are committed to a safer environment through cleaner technologies, as well as to more profitable methods of oil recovery and production from existing oil wells, oil sands, and other petroleum reserves. Previous users of the APS oil fluidizer technologies have included some of the largest oil and gas companies in the US, including Conoco Phillips Company, Exxon Mobil Corporation, Valero Energy Corporation, and BP (British Petroleum), as well as the US Navy Petroleum Reserve.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a disclosure made by the Company.
ACT Clean Technologies, Inc.
Ares S. Ionidis
Director of Shareholder Relations
877-299-5596
http://ih.advfn.com/p.php?pid=nmona&article=43387518&symbol=ACLH
0 volume? Sigh.
No, nobody sees what you're saying, because you're not making any sense at all.
Uhm, the site's been like that for a while. What are you talking about?
Again, he didn't say he doesn't know what a T/A is. *I* don't know what a T/A is.
I have no idea how to even interpret that.
Something from two days ago is useless?
Ares called me back re: share structure. He told me that pinksheets.com had all of the info Mysterymeat asked for, so I went immediately
This looks like it was very recently updated. I seem to remember checking last time about a week or two ago that it had info from 2009?
http://www.otcmarkets.com/stock/ACLH/company-info
*
Estimated Market Cap
$1,975,700 as of Jun 17, 2010
*
Outstanding Shares
282,242,876 as of Jun 16, 2010
*
Authorized Shares
500,000,000 as of Jun 16, 2010
*
Float(shares)
215,742,876 as of Jun 16, 2010
*
Number of Shareholders of Record
242 as of Jun 16, 2010
Also, he says the T/A shouldn't be gagged?
Mysterymeat, if you want, you should call him yourself personally to elaborate on your inquiry regarding the T/A being gagged.
He didn't say he didn't know the function of the T/A. I didn't make my question clear to him.
Ares called me back a few minutes ago. He does follow this IHUB forum but he doesn't post.
He's checking on the answer to the question mysterymeat asked me to ask him. Specifically, this post:
"Ask him what the current share structure is and why is the T/A gagged?"
I read the post to him verbatim and he said he was going to put in a request for that information and call me back.
Well, admittedly, I'm very inexperienced in stock-speak so I have no idea what the T/A is even supposed to do so I couldn't elaborate on that T/A question.
Just got off the phone with Ares. Used the 877 number and he picked up after a few rings.
I didn't bother trying to record him for a few reasons... one of which was that I didn't actually expect him to pick up on the 877 number, so I didn't have my audio stuff set up.
I asked him about saying that the stock would resume on the pink sheets and he admitted to making a mistake and being inexperienced in this area. He knew that the stock would resume when the suspension was lifted, but didn't understand that it would be forced onto the grey market. He admits that his experience is limited to pre-IPO companies and he's not that experienced with being on the pink sheets and grey market.
Again, I asked him when a PR would be put out. No definitive answer except to say that one would eventually be put out. He doesn't know when, and he says that even if one would be put out now, he says it probably wouldn't mean much to investors/shareholders since it's been long overdue.
I asked him about why the T/A (transfer agent?) is gagged and he misunderstood my question and started going on about how to facilitate my sales. When I clarified and said that it seemed like the T/A wasn't giving out information (that's what gagged means, right?) he said that whoever on IHUB had that question could phone in and ask so he could clarify.
He also knows that this is a long time to wait to clear things up but says that realistically, 3-4 weeks isn't that long of a wait to try to clear things up with SEC.
He does admit that all his information he gets from the guys actually running the company so he has to rely on them to be ethical and honest with him about the ongoings of ACT. But if he felt that it was a scam, he wouldn't be working with them any more.
I thanked him for his time and he said that he realizes his answers are kind of vague but it's because he can't get into specifics.
My thoughts:
I am not confident about what is going on.
I have 90,000 shares purchased at 0.0488 valued at $4392. They are currently worth about $450 if I can unload at $0.005. Holding on longer means at worst I lose that $450. I'm leaning towards going for broke at this point.
Also, I have a feeling Ares reads IHUB.
I'm sorry, I realize that not much of what I'm posting is very helpful. But call him yourself with questions. He encourages it.
No one is going to do that for the plain and simple fact that they are still on the grey market AND caveat emptor.
If I'm not mistaken, on the grey market, the last trade price means absolutely NOTHING for the valuation of your shares. So people saying that we "finishd green" for the day don't realize that it means nothing.
Your shares on the grey market can just as easily sell for 0.005 as they can for 0.05 like when someone accidentally misses a decimal place when they put in a buy order which has happened a few times now.
There's no acceptable reason for not putting out a minor PR that can easily be approved by an attorney just to reassure shareholders.
Even something like "ACT Clean Technologies wants its investors to know that it is in the process of getting ACLH back onto the pink sheets and off the grey market."
There's nothing wrong with that.
You don't see a problem with someone refusing to be held accountable for what he's telling investors over the phone?
I've called him before and I've been told the same stuff the rest of you that have been calling. I don't have some sort of special relationship with Ares, and neither do any of you. You are not special. What he's been telling you he's been telling me as well... some random unknown investor calling for information. I *am* the public, and so are all of you.
Therefore, what he says can and should be considered on the record. If he's not willing to have the conversation be taped, then it's for one of two reasons:
1) He's lying OR
2) He's giving you insider information, or information that he's not supposed to.
Why would he give you (AND me) (2) when he doesn't know any of you or me? He's not your friend or family.
I'm much more apt to believe (1) over (2).
If he has nothing to hide, or he doesn't mind going on the record with everything he's already said so far, he shouldn't mind.
Otherwise, if he's not willing to be recorded saying what he's already said, maybe he shouldn't say those things.
I'd like to believe that, but I think you are being foolishly optimistic at this point.
No better time to buy than now? They are on the grey market. Yes, shares are dirt cheap. But at this point, it is a huge risk to buy ACLH stock.
There's really almost nothing to go on.