Alcar Chemicals Group, Inc. (fka ALCX)

[pinkeyepete]

Well here's the skinny on it. SAT is the acting TA, but the company is in transition to someone else, and SAT is no longer contracted as the TA for acmg. So they aren't going to show acmg on their client list anymore. SAT is serving as a short term TA, and when everything the company is doing is completed we will have a new contracted TA. It may sound confusing, but these things take awhile to complete, and the old TA I guess has a fiduciary/fidejussion to continue providing their service until notified the new TA is completely ready to take control.

It's like having your lease run out on a commercial building, and you notify the leasing office your new building isn't quite ready, and will need a week, or 2 to complete your move. They're not going to kick you out, because that requires a court action, and 30 days to complete. So they just charge you a day rate, and advertise the building as vacant. Your new building isn't complete, so your lease is pending on that one. So on paper for a while you don't exist, but you really do.