Alcar Chemicals Group, Inc. (fka ALCX)

[MrBigz]

Because Dr. C's 68 million shares are now in escrow along with their voting power, and SIAM does not get any shares issued to them until Aug 2007 and then they are restricted for 2 years.

If SIAM doesn't buy up 2/3 of the float, then Petey and the "A Team" run ACMG - hehe

The first amount of 7.2 million dollars, subscribed as a convertible loan at $1 per share, will go towards the building and start-up of the first plant in Canada, to insure ACMG will be able to meet its contractual obligations, as well as the scale up engineering. The loan bares no interests and no repayment modalities for twenty-four months but will be automatically converted into 7.2 million shares baring a two-year restriction upon completion of the Canadian plant, expected for end of August 2007

Share Structure:
Authorized: 250M
O/S: 118M
Restricted: 73M
Float: 45M


MBL

Posted by: show-da-money
In reply to: texasjerry who wrote msg# 22301 Date:5/10/2007 3:00:01 PM
Post #of 22355

Now, the wording for the buyback said immediatly...but immediatley after the closing may be what they were implying.
Why would SIAM buyback shares before they consumated the deal?
IMO