Wow, no change yet in this stock. I've had this stock since .045 when it was rising to its peak. Sadly, I am still holding it, however I am still confident that it will raise up again.
I have come to my own conclusions as to how this became such a big deal, as everyone has there own opinions on it, many of them yelling "SCAM."
I believe:
A: BP blew the whistle to the SEC. Correct me if I am wrong, but ACLH was the only one that mentioned direct dealings with BP. From BP's stand point it would have been further embarrassing to them if they couldn't clean up their own mess and had to ask for help.
B: The SEC hasn't said anything negative about ACLH, just for us traders to be weary of oil scams with the issue in the gulf. If the SEC is a ruthless as they say, they would have pointed the finger at ACLH the second they found something. ACLH has everything the SEC needs IMO.
C. ACLH failed to file the 15C211 form for their MM, thus crashing the price down to almost nothing. Once this form is cycled through they can be listed PINKS again, hopefully at the price the company is worth. Still is does look bad for the company for not doing this prior to the suspension lift, however is there any evidence that they filed a new one?
D: If I owned ACLH, releasing PRs wouldn't ease the share holders as some believe it should. You could tell the truth to 100 people, and the majority would think you are lying or not telling the full story. It is my opinion that once the SEC is out of the picture and the 15C211 is filed and active, they will release a PR with everything that has happened up to this point, else the PR would be wasted given their current state.
That's what I think is going on, feel free to believe or deny, but it doesn't matter what opinion you have, we will have to wait for the outcome to happen. Even if it takes a while.
AI
