Access Power & Co Inc (ACCR)

[creede]

re ACCR -

well, when they try grey my patience goes up 100 fold.

Here are some of my old notes.

ghcnj,

how's it going, my friend. Guess what? I just bought quite a few shares here on fallout. I had in a low, low ball offer, and did not expect it to fill, but it did. That has me wondering what I just bought. I respect your opinion, and would really like to discuss this one in true NC Fight Club fashion by keeping it real.

Alright, so I really know almost nothing about this company, and it may be the biggest scam in the market, but there is a couple of things that make it interesting.

First of all, did you see that May 17, 2007 filing? I'd say it's just about the most thorough pinksheet filing I have ever seen. From it, we can pick up a whole, whole bunch. Here's the share structure.

Common Shares

A/S 500MM
O/S 129,144,121
RES 14,502,646
FLT 114,641,475

Preferred C
A/S 9MM
O/S 9MM

Preferred D
A/S 1MM
O/S none


Imo, not bad at all for a pinky. I mostly hold stock with a/s's under 1B, so it makes it easily.

The report also confirms what i suspected - that the float was pretty low. I figured it was because of the huge spread. Most of the sellers have already sold, and therefore murdered the BID.

I also discovered the conversion ratio for both classes of preferred stock is 1:1. That's really good for a flamingo.

Of course, there is always 2 sides to the story. I noticed that the company owes 1MM to the previous owners of the corporation. That would not be too big a deal, but they just don't seem to be making any money. Worst thing is that a CD is attached to the debt, and that the CD has already matured in 2006. Now, of course, it's end of 2007, and in the filing it says the loan is interest free, and that there have been no efforts to collect on this debt... I wonder why?

Another thing of note is that the 9MM preferred C's are issued to 2 different entities, with each having 4.5MM each. My question is why have they not converted and sold as well? Heck, the conversion gives them 1:1, so they would have 4.5MM common that could be sold. If they moved them for .005 each, then they would have $22,500 in return. That's just great considering they only paid $4500 to start with. Why are they holding?

So that seems to be the bug question here. Why isn't this thing being diluted? Why are the holders of the preferred and the CD's still waiting? Why does a lawyer have a do nothing matteress company for a public company, and is not running a P & D in order to make scammy money? What is the deal? Well, I would certainly like to know.

Perhaps this company is just waiting for something better to come along. Check out what the CEO does for a living.

Mark L. Baum has more than 12 years experience in creating, financing and growing enterprises in a variety of industries. Mr. Baum has participated in various capacities in numerous public spin-offs, venture fundings, private-to-public mergers, and asset acquisitions and asset divestitures. Mr. Baum is a licensed attorney in the State of California and the principal attorney for The Baum Law Firm, P.C. Mr. Baum's law practice focuses on Securities Laws and related issues for SmallCap and MicroCap publicly reporting companies.

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