GREAT NEWS FROM ACLH..!!!
Posted by: MadDog08
Just spoke with Ares at IR. The following points were discussed:
Due to the undisputedly impressive rise of ACLH stock and trading within just a matter of days, and for the most part based on pure positive PR, the SEC understandably took notice to the activities within ACLH. Ares was adamant about his understanding of the SEC's concerns; although equally made it very clear that the suspension was not merited based upon any improprieties on ACLH's part.
With the suspension ACLH sought out and obtained VERY competent legal counsel that has advised them to maintain a conservative (silent) position during the information gathering process being undertaken during this suspension. To this extent, however, Ares confirms that either today or tomorrow ACLH will be submitting to the SEC an over-abundance of documentation to satisfy the SEC's questions and/or concerns. This information will include:
1. confirmation of ownership of patents;
2. exclusive use/rights of the oil fluidizer;
3. professional business relationships to Ancon Marine, BP;
4. historical documentation of 15 years of business conducted
with various petroleum companies and efforts.
In regards to commencing trading on June 09 on the grey or pink sheets, Ares believes that we will commence trading on the pink sheets because of the extensive documentation/reassurances being provided to the SEC. However, based on the knowledge I've gained from our more knowledgeable posters, I respectfully requested Ares to inquire further to learn if ACLH will need to have a MM submit the appropriate forms to permit the initial quoting on ACLH, and subsequently thereafter, piggybacking by other MMs. Ares confirmed that he will verify this information in order to ensure that we will open on the pink sheets come this June 09.
Lastly, I suggested that ACLH consider possibly contracting with a PR firm or lobbying group to reach out to Gulf coast politicians/decision makers to further get the word out on the ACLH solution to the clean-up effort. Ares stated that he would discuss this option with Mr. Kidder.
Bottom-line...I am feeling VERY confident that ACLH will be one of those rare securities that will bounce back after an SEC suspension. I also trust that we will be receiving the first of many positive, SUBSTANTIATED press releases within the next few days.
I believe we'll be looking back at the 10-day suspension as one hell of a turn on this roller coaster of a ride to success and global recognition for ACLH....!!!!
