Alcar Chemicals Group, Inc. (fka ALCX)

[MrBigz]

Exactly - The numbers do not lie.

during the run up to 0.18 and the subsequent fall to 0.04, there was not any significant volume.
The run to 0.18 started with the announcement of the competing offer from SIAM on Feb 2nd.

Here is a list of total volume from Feb 2 - March 12 (27 trading days). There is no way 68 millions shares could have been dumped.

As I stated in a previous post, the only time that significant volume occured was during the Divy announcement and the fact that 18 million shares were dumped on April 2, after the shareholder of record date, this would lead me to believe that the volume during the divy was caused by people wanting the divy, longs accumulating more, and day traders.
The big dump after the divy shareholder date, people thinking they would still get the divy if they sold, unloaded their shares.

Since this time, there has not been any significant volume, so even if the 68 million shares were dumped, they didn't have the volume needed to buy them back.
Since acmg IHubbers own roughly the same amount of shares now, as we did before the divy announcement, those shares cannot be in the float. This means Alex never sold his shares.
I might also point out that Alex's shares are restricted and legally he could not sell them, even if he wanted to.

If this was a scam, Alex would have kept it going until his shares became unrestricted.

20,000
4,277,965
5,421,807
3,737,909
4,891,788
4,777,717
3,898,341
7,880,647
8,468,368
4,745,974
6,939,753
75,000
5,578,438
3,527,808
5,392,840
1,800,926
4,813,508
5,343,033
7,227,427
11,226,561
4,971,710
2,570,512
2,570,512
4,598,782
4,305,660
5,414,167
5,212,652