Act Clean Technologies Inc. (fka ACLH)

[iNVAR]

Just spoke to Ares:

First of all, I had a TON typed out here summarizing my conversation, unanswered questions, and findings and then of coure, knowing my luck, my browser crashed. So I now have to retype everything, argh.

This is my third time speaking with Ares since the suspension. I asked him if he had any update aside from the PR and he said not really, and he apologized again and said that he wished he could be more specific about things, but he couldn’t. He told me that currently they had some of their FreOil product being shipped to Houston for the oil wells though.

I then asked him some very direct questions:

Are they trying to get back on the pinksheets?
He told me he couldn’t give me a straight answer to that until they decided what path the company was going to take with respect to getting back on a market, but he *could* tell me that they don’t intend to stay on the grey market. But he simply can’t tell me if they intend to get back on the pinks.

So the product is called FreOIL? I thought it was called oil sludge fluidizer?
He laughed and said that the product’s been called a lot of thing because Bill Anderson has been dealing with a lot of contractors.

Now, for a little DD:
Now, as you see here, GGT has a product called FreOIL with Petroflo branded in the bottom right hand corner. Notice the size of that logo:
http://greengrowthtechnology.com/includes/companies.php?comp=3

APS has the exact same video at a higher resolution with a larger logo branded Green Chemistry (TM) in the same corner.
http://www.americanpetroleumsolutions.com/oil-cleaning.wmv

I asked Ares directly about this and he said that Bill Anderson was planning on going after Petroflo for infringing on the patent for their product. I then pointed out that APS’s own video says Green Chemistry (TM) on it and asked why and he said that that’s just what Bill Anderson went with. That answer wasn’t satisfactory to me.

If the video is stock video footage that originally didn’t have a logo and that was indeed Bill Anderson’s video, then I suppose GGT/Petroflo could have stolen the footage and branded their logo on it. However, if the original footage had GGT/Petroflo branded already and ACT/APS stole that video, that would certainly explain why the Green Chemistry (TM) logo is so gigantic. Also, it’s pretty annoying how the quality of the video footage is so low in today’s day and age and the timestamp is conveniently blocked out by the logos. I’m not saying that APS stole the video or that the product doesn't exist or isn't theirs...just that there are some glaring issues with things being repored.

Are you guys actively participating in the Gulf cleanup effort?
No, and he doesn’t want to give the false impression that ACT is.

Are you guys trying to get yourselves involve with the cleanup effort?
Yes. Again, he emphasizes that what the earlier PRs stated are all true and that we should note that towards the end, in the About ACT section, nothing’s change. (i.e. It still references involvement with BP and all of the other big name companies.)

I then made it very clear to him that as an investor, holding onto my shares at this point is very difficult what with the little to nothing they’ve disclosed to us with regards to the SEC trade suspension and the actual progress being made to recover from that and I expressed my huge disappointment in today’s PR. I then asked him if there were to be future larger PRs to be expected from ACT and he said he has great confidence in ACT and high expectations, but that if we’re expecting an overnight return on investment, that simply isn’t going to happen.

A little more DD in progress:
I've called Left Behind Recovery LLC after searching for a long while. I eventually found a working number. A lady picked up and when I asked if it was Left Behind Recovery, she said no, that she does the railroad commission for them, and that I probably wanted to get in touch with Glenn Andrews. She gave me his cell phone number which I called, and I left a voicemail with my number and am awaiting a callback.

So there you have it. Pure information on what I've obtained.

Now a little about myself and where I'm headed with regards to ACT:
I have 90,000 shares that I purchased originally at $0.0488 valued at $4,392.00 + $9.99 commission. Current value at $0.007 = $630 assuming I can even unload it at that price. So I certainly have a stake in company, although I'm sure others have larger interests.

I may just cut my losses and put my money to better use and hopefully make up for the loss through better future investments. As of now, my money is just in limbo.