Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for the words of advice. I'll sit back and await the outcomes of any SEC litigation....
In regards to the 8-k filed today, the most important points for past and future victims of this questionable trading penny is the involvement of Timothy J. Connolly.
Upon review of the following SEC archive link you'll note that Timothy J. Connolly is immersed in the various incarnations of the scam vehicle, Global Nutech, BOCL, TGXE, Texas Oil & Gas. Timothy J. Connolly is a LONG-TIME accomplice of Russell Kidder, who's claim to fame is the orchestration of the Gulf Oil Spill scam that is Act Clean Technologies, Inc. (ACLH).
http://www.sec.gov/Archives/edgar/data/1429627/000114420412005140/v300936_8k.htm
What "real" company is sued by the SEC for improper activities that doesn't have to require an investigation to determine how much money was gained through victimization of investors? Remember that ACLH sold assets to PWEI in exchange for upwards of 30.6% of PWEI ownership. And PWEI went through some serious pump and dump late last year. When that pump and dump was ongoing I sent numerous emails to the SEC and I'm certain they documented the millions of shares that traded...isn't there money there?
If I don't recoup my losses than that is what it is...but I'm not standing by and allowing Russell Kidder, Timothy J. Connolly and their accomplices to get away clean, only to do it all over again. As long I breathe I'll keep an eye out for those scammers and will make certain to warn potential investors/victims. If all that happens is that those bozos are banned, then that's fine. But to say there is no recourse via SEC litigation is incorrect. The SEC files litigation each day...they wouldn't do so if there aren't instances where investors do recoup something...
Ares Ionidis was an accomplice to Russell Kidder and the other ACLH - Gulf Oil Spill scam players. I recall one phone call where Ares Ionidis said he watched a tanker full of free oil on its way to Louisiana...looking back now, could anyone believe there was any truth to that..? He likely cashed in on the pump and dump as much as Kidder and his cronies. Ares Ionidis is one of many Russell Kidder scammers and I wouldn't trust any enterprise he's affiliated with.
Can anyone else share their personal Ares Ionidis stories of deceit...? Would you trust anyone organization that has Ares Ionidis as the "director of business development." What was his education and LEGITIMATE career experience to qualify him as a director of anything..?
http://kratospowerplus.us/Pages/Contact/Contact.aspx
When the SEC files litigation against a publicly traded company they can request relief from the courts on behalf of shareholders. The money the courts grant is set up in a "fair fund" as disgorgement to the shareholders. Visit the SEC website and notice that indeed Fair Funds are routinely set up to benefit the shareholders/victims of these scammers.
http://www.sec.gov/litigation/fairfundlist.htm
laminin2@yahoo.com wrote:
I assume that Ares did not respond to your inquiry, and this is not very surprsing.
Well, I have a question, how do we find out whether ACLH management filed already with the SEC to remove its caveat emptor status?
Ionidis hasn't responded...and I too am not surprised. He's no different from Kidder...they're all scam artists, and he's no different. Honestly, I have absolutely ZERO expectation that ACLH will ever come back. Our absolute only recourse is to await the SEC litigation against Kidder, Timothy J. Connolly and the other accomplices. I expect that the SEC's investigation is nearing completion, as they've been further investigating Kidder's involvement with PacWest Equities (PWEI). I'm certain they're also investigating where all the cash is stashed...and how much we're gonna be able to recoup.
For those of you interested to learn what Ares Ionidis has been up to...he's moved on from Russell Kidder and ACLH. I guess he didn't endure the victims' treatment that we investors had.
Would you recommend any company affiliated with Ares Ionidis...?
http://kratospowerplus.com/Pages/Contact/Contact.aspx
Check out the attorney opinion letter in regards to PWEI's Quarterly Management Disclosure and Analysis Statement. First off, attorney Thomas Russell hasn't responded to my repeated requests for updates on ACLH and its ownership of PWEI shares. As an ACLH shareholder we have not had any communication from Russell Kidder or ACLH. You'd think, per the Quarterly Management Disclosure and Analysis Statement and the attorney's opinion letter, that since ACLH owns 450,000,000 shares of PWEI stock we ACLH shareholders would have been informed of how that translates to the value of our ACLH shares...but we have yet to hear one word from Russell Kidder, ACLH, or their attorney. You can imagine how reliable I consider this attorney, or his attorney's opinion letter.
Second, per the opinion letter, Thomas Russell states that PWEI management (only one person, that being Geoff Bagatelos) informed him that no holder of 5% or more shares is "currently under investigation by federal or state regulatory agency for any violation of federal or state security law." Really...I've personally informed Thomas Russell via email that ACLH was halted on May 25, 2010 for questionable press releases, and that we have not heard from ACLH or Russell Kidder since February 07, 2011. Attorney Thomas Russell should be very aware that when the SEC suspends a stock for alleged Securities Violations it may take years to bring into litigation. Therefore, since ACLH is a 30.6% owner of common shares of PWEI, the statement that no 5% holder of PWEI is under investigation is absolutely false.
Lastly, much has been written that ACLH shareholders have no recourse for recovery because there is no value in ACLH. However, for whatever its worth (based on reality, and not more misrepresentation) according to this attorney's opinion letter, he "made a specific inquiry of management (again just Geoff Bagatelos) and was advised that no shares of stock were sold by any person cited in the previous paragraphs, i.e., ACLH. So if you take that at face value (and at your own risk) ACLH (AKA Russell Kidder) has 450,000,000 shares of PWEI stock, and at .03 cents = $13,500,000. Now considering I only want to recoup my lost $50k investment in ACLH, I'd say there is plenty of value in Kidder ACLH/PWEI scam to recoup...what do you say attorney Thomas Russell..???
Check out the attorney opinion letter in regards to PWEI's Quarterly Management Disclosure and Analysis Statement. First off, attorney Thomas Russell hasn't responded to my repeated requests for updates on ACLH and its ownership of PWEI shares. As an ACLH shareholder we have not had any communication from Russell Kidder or ACLH. You'd think, per the Quarterly Management Disclosure and Analysis Statement and the attorney's opinion letter, that since ACLH owns 450,000,000 shares of PWEI stock we ACLH shareholders would have been informed of how that translates to the value of our ACLH shares...but we have yet to hear one word from Russell Kidder, ACLH, or their attorney. You can imagine how reliable I consider this attorney, or his attorney's opinion letter.
Second, per the opinion letter, Thomas Russell states that PWEI management (only one person, that being Geoff Bagatelos) informed him that no holder of 5% or more shares is "currently under investigation by federal or state regulatory agency for any violation of federal or state security law." Really...I've personally informed Thomas Russell via email that ACLH was halted on May 25, 2010 for questionable press releases, and that we have not heard from ACLH or Russell Kidder since February 07, 2011. Attorney Thomas Russell should be very aware that when the SEC suspends a stock for alleged Securities Violations it may take years to bring into litigation. Therefore, since ACLH is a 30.6% owner of common shares of PWEI, the statement that no 5% holder of PWEI is under investigation is absolutely false.
Lastly, much has been written that ACLH shareholders have no recourse for recovery because there is no value in ACLH. However, for whatever its worth (based on reality, and not more misrepresentation) according to this attorney's opinion letter, he "made a specific inquiry of management (again just Geoff Bagatelos) and was advised that no shares of stock were sold by any person cited in the previous paragraphs, i.e., ACLH. So if you take that at face value (and at your own risk) ACLH (AKA Russell Kidder) has 450,000,000 shares of PWEI stock, and at .03 cents = $13,500,000. Now considering I only want to recoup my lost $50k investment in ACLH, I'd say there is plenty of value in Kidder ACLH/PWEI scam to recoup...what do you say attorney Thomas Russell..???
For those of you who don't believe there is any value to recoup from Russell Kidder or ACLH, please review the recent PWEI management and analysis: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=106897
Notice how many shares were given to ACLH in exchange for the acquition of the ACLH's American Bio-Clean Technologies; 150,000,000. Then review the Beneficial Shareholders statement...ACLH owns 30.6%, or 450,000,000 shares. At the going share price of .03, that's $13,500,000. But that's a bottom figure...you see in regards to this Russell Kidder pump and dump, Kidder likely dumped all his shares when the pump was at its pick, or at a price of .79/share.
I'm sure the SEC is aware of this by now...so when the SEC legislation is executed, that's where we victims will receive our disgorgement.
By the way...why is it that the PWEI attorney of record doesn't respond to shareholders request for information....???
For those of you who don't believe there is any value to recoup from Russell Kidder or ACLH, please review the recent PWEI management and analysis: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=106897
Notice how many shares were given to ACLH in exchange for the acquition of the ACLH's American Bio-Clean Technologies; 150,000,000. Then review the Beneficial Shareholders statement...ACLH owns 30.6%, or 450,000,000 shares. At the going share price of .03, that's $13,500,000. But that's a bottom figure...you see in regards to this Russell Kidder pump and dump, Kidder likely dumped all his shares when the pump was at its pick, or at a price of .79/share.
I'm sure the SEC is aware of this by now...so when the SEC legislation is executed, that's where we victims will receive our disgorgement.
By the way...why is it that the PWEI attorney of record doesn't respond to shareholders request for information....???
Scrilla, please forward your email address to maddogg008@gmail.com and I'll provide you the email address to Tom Johnson. Tom has been in contact with at least one law firm that is interested in working with ACLH shareholders on a class action.
Thanks.
Folks, this isn't about any one person keeping others informed. It's about all of Russell Kidder and Timothy J. Connolly's victims working together to keep an eye out for these scammers. If it weren't for another of us keeping this board informed of Kidder's new schemes I wouldn't have learned about Kidder's involvement in PWEI. As it turned out, ACLH owns a majority share in that recent Kidder pump and dump.
Since it's clear that none of us ACLH victims will proceed with a class action against Kidder and ACLH, then we all need to keep monitoring for Kidder's next moves. It's apparent that our only recourse for financial recovery will be if the SEC files litigation against Kidder and ACLH and we're awarded disgorgement of Kidder's earnings from his scams. To identify this outcome we'll need to all monitor the SEC links that I've posted recently.
Remember as well, all us victims should have emailed/filed complaints with the SEC to keep visibility on Kidder and his scams. The more the SEC is made aware of Kidder's victims from his unrelenting scams, the closer we'll be for some level of recovery and justice.
Below is a link to the lawsuit against PWEI filed by George Sharp. Sharp is doing more to eradicate these unethical scammers than anyone else...
http://promotionstocksecrets.com/wp-content/uploads/2013/05/Complaint.pdf
Here's a link to his website for victims of pennystock scams...
http://www.awesomepennyscams.com/
Below is a link to the lawsuit against PWEI filed by George Sharp. Sharp is doing more to eradicate these unethical scammers than anyone else...
http://promotionstocksecrets.com/wp-content/uploads/2013/05/Complaint.pdf
Here's a link to his website for victims of pennystock scams...
http://www.awesomepennyscams.com/
Below is a link to the lawsuit against PWEI filed by George Sharp. Sharp is doing more to eradicate these unethical scammers than anyone else...
http://promotionstocksecrets.com/wp-content/uploads/2013/05/Complaint.pdf
Here's a link to his website for victims of pennystock scams...
http://www.awesomepennyscams.com/
A SOMBER ANNIVERSARY TO ALL...
Today marks three (3) years since the SEC halted trading of ACLH. At that time we all lost BIG. To commemorate today, please see my previous post that provides information on what to expect in the next few years on the road to some level of recovery from the swindler Russell Kidder and his cronies....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88123619
Bad news for the recovery of ACLH...
Based upon these links...our ONLY chances of recovering any money from Kidder and ACLH is if the SEC files litigation against ACLH...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78014519
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79666215
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86425208
Here is what we should hope for..."Stocks suspended for "questions" will likely be subjects of subsequent SEC Litigations and will remain on the Grey Sheets until SEC Litigation occurs, or the unlikely event where the SEC may issue a No Action dismissal of the "questions" listed in the Suspension."
If the SEC files litigation against Kidder and ACLH they may be required to distribute money via disgorgement to investors. Since we're approaching the 3rd anniversary of the SEC halt, we may be seeing notice of SEC litigation soon.
WOW..!!!! Does anyone have Russell Kidder's cell number? Somebody please call Kidder or Timothy J. Connolly and let them know their ship is sinking...FAST..! Ok, here's the deal...George Sharp, a one-man crusader, has identified this latest Kidder penny P&D scam and has it on his agenda. End result, check out how far this POS has fallen since word got out about Mr. Sharp's lawsuit plans.
I'm going to enjoy watching Kidder and his cronies lose any hopes of scamming new investors..
For all us victims of Russell Kidder, Timothy J. Connolly and associates' penny stock scams PWEI and ACLH, please take some worthwhile time to follow George Sharp's twitter feed. This one-man powerhouse is achieving results in combating these ruthless penny-stock P&D scammers.
https://twitter.com/Goniffs
For all us victims of Russell Kidder, Timothy J. Connolly and associates' penny stock scams PWEI and ACLH, please take some worthwhile time to follow George Sharp's twitter feed. This one man powerhouse is achieving results in combating these ruthless penny-stock P&D scammers.
https://twitter.com/Goniffs
For all us victims of Russell Kidder, Timothy J. Connolly and associates' penny stock scams PWEI and ACLH, please take some worthwhile time to follow George Sharp's twitter feed. This one man powerhouse is achieving results in combating these ruthless penny-stock P&D scammers.
https://twitter.com/Goniffs
For those of you ACLH investors that want to learn what is happening with your PWEI investments...if we ever really owned any that is...take a visit to the PWEI message board. The ACLH majority-owned shares of PWEI have been falling over the past few days since the news came out that George Sharp is planning to file a lawsuit against the P&D promoters and the penny stocks they were pumping...which includes PWEI.
So for those of us that have felt as if we had no recourse against Russell Kidder and his cronies, George Sharp, our unsong hero, will be going after Kidder and his mechanism for swindling investors like us...penny stock P&D promoters.
The lengths some folks go to instead of really attempting to run a legitimate company....five trades today...all at the ask just to bring the share price back up... Why doesn't Russell Kidder just run an honest enterprise..? Because he is an example of the scammers that George Sharp is going after. Kidder and his cronies hire promoters to create a false market for over-priced, worthless endeavors...just to bring newbies in long enough to dump... I've been saying this for a long time...and I'm so overjoyed that someone is taking these scum on directly....
Indisputably, today has been a interesting day in the lives of Russell Kidder and his "associates." Because of the efforts of George Sharp the share price of PWEI has taken a very significant downturn. Notice how many shares have traded today....folks not "close" to Kidder and his cronies are jumping ship...FAST. My guess is that current holders don't foresee any new pumping in the near future...so why wait for this to hit the .0001 range, right? I can't think of a better person to be the focus of Mr. Sharp's attention than Russell Kidder, Timothy J. Connolly, and the gang. What the SEC couldn't do in over 3 years, George Sharp is doing alone... This stock is only going one way from here on...and that is down...!!! Couldn't happen to better people than Russell Kidder and his scamming associates...!!!!
So why was PWEI finally put on the Caveat Emptor listing after months of our posts warning of this questionable stock...? Somehow OTC Markets must have gotten wind of George Sharp's focus on the spamming emails and promoters pumping PWEI....now that man's got one hell of a phenomenal reputation...!! I see a lot of folks holding PWEI to start selling for WHATEVER they can get...!!!!
Finally, one man with the desire and objective has Russell Kidder and his associates in his view.... Since Kidder and ACLH are majority shareholders in PWEI, and apparently involved with TXGE, I've reached out to him to help with making Russell Kidder and his cronies accountable. Please feel free to share your stories with him...
http://ih.advfn.com/p.php?pid=nmona&article=57565330
Finally, one man with the desire and objective has Russell Kidder and his associates in his view.... Since Kidder and ACLH are majority shareholders in PWEI, I've reached out to him to help with making Russell Kidder and his cronies accountable. Please feel free to share your stories with him...
http://ih.advfn.com/p.php?pid=nmona&article=57565330
Finally, one man with the desire and objective has Russell Kidder and his associates in his view.... Since Kidder and ACLH are majority shareholders in PWEI, I've reached out to him to help with making Russell Kidder and his cronies accountable. Please feel free to share your stories with him...
http://ih.advfn.com/p.php?pid=nmona&article=57565330
I checked with Internic.com. The actcleantech.com website was "updated" yesterday, Apr 19, 2013. What that means I don't know...
Domain names in the .com and .net domains can now be registered with many different competing registrars. Go to http://www.internic.net
for detailed information.
Domain Name: ACTCLEANTECH.COM
Registrar: 1 & 1 INTERNET AG
Whois Server: whois.schlund.info
Referral URL: http://REGISTRAR.1AND1.INFO
Name Server: NS7.HOSTDEAL.COM
Name Server: NS8.HOSTDEAL.COM
Status: ok
Updated Date: 19-apr-2013
Creation Date: 22-aug-2009
Expiration Date: 22-aug-2013
In a previous posting on the PWEI and ACLH message boards [ http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84850226 ] I provided a listing of Russell Kidder's known associates. In particular, Timothy J. Connolly, (CEO of Corporate Strategies, LLC.) who was a "previous" business partner of Russell Kidder's, and has been affiliated with both ACT Clean Technologies (ACLH) and Bio-Clean Inc. (BOCL), now Texas Gulf Energy (TXGE). In fact, Timothy J. Connolly is documented to be affiliated with TXGE...
Please refer to the following Form 8-K filing [http://ih.advfn.com/p.php?pid=nmona&article=57061965] wherein TXGE has announced possible merger or sale of one or more of its wholly-owned subsidiaries. Because I believe Russell Kidder has developed a complex web of affiliated associates and companies, namely ACLH, PWEI, and TXGE, be on the look out for PacWest Equities (PWEI) (for which ACLH is a majority shareholder of common stock) to be involved in some manner in this merger/sale with TXGE. These guys are all about moving that shell around and around...and only they know where the golden pea is hidden....I'm guessing it's in their pockets.....
Want some proof...? Here it is, straight from their own disclosures....
Craig Crawford, who is the President of PacWest Equities, Inc., IS ALSO Executive Vice President and Member of the Board of Texas Gulf Energy, Inc.
http://www.linkedin.com/pub/craig-crawford/6/325/214?trk=pub-pbmap
Alison Kratish, is the Director of Investor Relations at both Texas Gulf Energy AND TImothy J. Connolly's own Corporate Strategies...!!!!
http://www.linkedin.com/pub/alison-kratish/15/795/9b8?trk=pub-pbmap
Timothy J. Connolly, sold assets of his Texas Gulf Oil and Gas to Global Nutech, now Texas Gulf Energy (TXGE), and entered into an employment agreement with same...
http://www.sec.gov/Archives/edgar/data/1429627/000114420412005140/v300936_8k.htm
Please recall that in a previous posting I provided a listing of Russell Kidder's known associates. In particular, Timothy J. Connolly, (CEO of Corporate Strategies, LLC.) who was a "previous" business partner of Russell Kidder's, and has been affiliated with both ACT Clean Technologies (ACLH) and Bio-Clean Inc. (BOCL), now Texas Gulf Energy (TXGE). In fact, Timothy J. Connolly is documented to be affiliated with TXGE...
Please refer to the following Form 8-K filing [http://ih.advfn.com/p.php?pid=nmona&article=57061965] wherein TXGE has announced possible merger or sale of one or more of its wholly-owned subsidiaries. Because I believe Russell Kidder has developed a complex web of affiliated associates and companies, namely ACLH, PWEI, and TXGE, be on the look out for PacWest Equities (PWEI) (for which ACLH is a majority shareholder of common stock) to be involved in some manner in this merger/sale with TXGE. These guys are all about moving that shell around and around...and only they know where the golden pea is hidden....I'm guessing it's in their pockets.....
Want some proof...? Here it is, straight from their own disclosures....
Craig Crawford, who is the President of PacWest Equities, Inc., IS ALSO Executive Vice President and Member of the Board of Texas Gulf Energy, Inc.
http://www.linkedin.com/pub/craig-crawford/6/325/214?trk=pub-pbmap
Alison Kratish, is the Director of Investor Relations at both Texas Gulf Energy AND TImothy J. Connolly's own Corporate Strategies...!!!!
http://www.linkedin.com/pub/alison-kratish/15/795/9b8?trk=pub-pbmap
Timothy J. Connolly, sold assets of his Texas Gulf Oil and Gas to Global Nutech, now Texas Gulf Energy (TXGE), and entered into an employment agreement with same...
http://www.sec.gov/Archives/edgar/data/1429627/000114420412005140/v300936_8k.htm
Please recall that in a previous posting I provided a listing of Russell Kidder's known associates. In particular, Timothy J. Connolly, (CEO of Corporate Strategies, LLC.) who was a "previous" business partner of Russell Kidder's, and has been affiliated with both ACT Clean Technologies (ACLH) and Bio-Clean Inc. (BOCL), now Texas Gulf Energy (TXGE). In fact, Timothy J. Connolly is documented to be affiliated with TXGE...
Please refer to the following Form 8-K filing [http://ih.advfn.com/p.php?pid=nmona&article=57061965] wherein TXGE has announced possible merger or sale of one or more of its wholly-owned subsidiaries. Because I believe Russell Kidder has developed a complex web of affiliated associates and companies, namely ACLH, PWEI, and TXGE, be on the look out for PacWest Equities (PWEI) (for which ACLH is a majority shareholder of common stock) to be involved in some manner in this merger/sale with TXGE. These guys are all about moving that shell around and around...and only they know where the golden pea is hidden....I'm guessing it's in their pockets.....
Want some proof...? Here it is, straight from their own disclosures....
Craig Crawford, who is the President of PacWest Equities, Inc., IS ALSO Executive Vice President and Member of the Board of Texas Gulf Energy, Inc.
http://www.linkedin.com/pub/craig-crawford/6/325/214?trk=pub-pbmap
Alison Kratish, is the Director of Investor Relations at both Texas Gulf Energy AND TImothy J. Connolly's own Corporate Strategies...!!!!
http://www.linkedin.com/pub/alison-kratish/15/795/9b8?trk=pub-pbmap
Timothy J. Connolly, sold assets of his Texas Gulf Oil and Gas to Global Nutech, now Texas Gulf Energy (TXGE), and entered into an employment agreement with same...
http://www.sec.gov/Archives/edgar/data/1429627/000114420412005140/v300936_8k.htm
Thank god the crew is back in from yesterday's round of golf. Ok guys remember, we don't need to buy big, we just have to buy high. It's like Jerry's Kids, every little bit helps...even a few bucks at a time. Keep putting in your buy orders at the Ask and we'll push this share price right back up in no time...
There's an oil spill in Arkansas.. Imagine if Russell Kidder didn't run ACLH into the ground.... Imagine if Kidder would have spent some time getting off the grey market.... Imagine if ACLH were a viable, legitimate stock...
QUICK...PASS ME THE TOURNIQUET...!!. This stock is bleeding out...! What a drastic drop...where's the crew..? We need damage control fast...!!! Somebody start buying up shares at the ask....somebody do something...!!!! Are they all playing golf...??!?? My god, Russell, stop this train before it plunges further...the value of my ACLH shares are riding on the success of PWEI...I mean...isn't it..??!??
Couldn't agree more...! Everyone who is or was a shareholder should file a formal complaint with the SEC. If you don't you are only empowering the malfeasance that continues to transpire with Russell Kidder and his crew.
Optimism is never a bad thing....but being realistic will lesson the inevitable disappointments. Please read up on the PWEI message board to keep it real....
This is certainly not the response Kidder and his crew were expecting after this last press release.. This things hemorrhaging something fierce. Watch the crew proceed with damage control and start buying small blocks of shares at the ask to trying to bring the share price back up...
Just more old tricks for Russell Kidder. All PWEI did was acquire the unprofitable product line from a poor performing company. But Kidder's an old pro at misleading press releases..this one suggests new found legitimacy by throwing around "acquired," "NASDAQ" "company..." The Chinese have the market on solar panels...can't beat communist subsidized labor... When...key word..when...the details come out on this "acquisition" we'll learn no cash was involved, strictly shares were exchanged. Shares by the way that will move quickly during the next upcoming pump promotion...coming soon to a message board near you...