Value Microcaps Free-For-All

[jtomm]

ACBT 14m shares out

https://www.otcstockinfo.com/repository/618310/618310_FR1.pdf

One thing that annoys me quite a bit is that in the interview the guy said they would be fully filing by Sept '06. They are not. Came public July '05 and still no financials. They're supposedly staffing CPA firms and doing all this accounting and yet can't get their own financials done? A legitimate reverse merger files with the SEC from the quarter they come public. At the very least, they could/should be posting quarterly reports on their own website. There are none.

07/26/06 interview link:

http://www.mn1.com/members/modules.php?name=Downloads&d_op=getit&lid=173

-07:45 interview starts
-15:00 guy makes it sound like for sure they'll be reporting by Sept '06 (end of Sept at the latest)
-lawsuit also mentioned shortly therafter
-20:30 says came public july/august '05, price was $1 then
-21:50 he says they're currenty at $55m run rate and by end of year will be $85m run rate(later press releases show the $55m figure was a lie, and the $85m was way too optimistic)
-26:15 interviewer says the company's website needs some work and the guy responds with "we're brand new". not true.

And even now--5 months later--website still gives almost no information on financials, shares out, debt, anything. it's not that tough to update a website. it takes 10min, not a year and a half. Their entire "investor relations" section of the website is to link to yahoo:

http://www.aabilities.com/investor.htm

I'm always very leery of companies that don't store their own press releases at their own site. I mean, think about that. Would you do that if you were running a company? You wouldn't keep your own press releases on your own site?

If you're nefarious, however, everyone knows that press releases expire after a while on yahoo. So any old false statements will conveniently expire.

Lot's of press releases, lots of supposed acquisitions, lots of different claims of profitability. . . . . but no financials in almost 1 1/2 years. Lots of excuses, though.

Here's the first link again, as it looks like the ihub ad cut off the end of it:

https://www.otcstockinfo.com/repository/618310/618310_FR1.pdf