Act Clean Technologies Inc. (fka ACLH)

[Helter Skelter]

They had better have filed an amendment changing the conversion rights for their series F preferred shares, in my opinion...still should have been restricted, also, in my opinion...

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Posted by: bankshot Date: Sunday, May 23, 2010 4:00:08 PM
In reply to: None Post # of 14360

Trying to follow the Series F preferred shares. 60 shares of Series F preferred x 16,667 conversion factor = 1,000,020 common shares. They must have filed an amendment changing this conversion factor?

CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2009

The Company authorized and issued 60 shares of Series F Preferred Stock, par value $.01 in January 2009. Each share of Series F Preferred Stock shall be entitled to receive dividends or distributions on his share of Series F Preferred Stock on an “as converted” basis. On November 3, 2009 the Series F shares were converted into 100,000,000 shares of Common Stock.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30314

CONSOLIDATED FINANCIAL STATEMENTS
SIX MONTHS ENDED JUNE 30, 2009

The Company authorized and issued 60 shares of Series F Preferred Stock, par value $.01 in January 2009. Each share of Series F Preferred Stock shall be entitled to receive dividends or distributions on his share of Series F Preferred Stock on an “as converted” basis. Each share of Series F Preferred Stock shall be convertible at the option of the holder thereof at any time into Sixteen Thousand Six Hundred Sixty-Seven (16,667) shares of the Company’s Common Stock.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=23862