Act Teleconferencing Inc (fka ACTT)

[jimmybob]

Not going to dispute your DD, much respect for you bro.. Been watching and in this one since .039 ~

But i spent a few hours sifting through the DOCs and doing some DD ~~

First off, think ACTT is pretty much a shell like you said... Has been for sometime...

Makes sense ACT teleconferencing wouldn't list the ticker in the PR's.. Made the mistake once before a year or so ago with a play (SYmbol RT**)....

The intriguing part here is the CEO Peter Salas... His name is all over the new docs submitted for the mergin in of the Two ACTT Subsidiaries...

Thats what caught my eye. 2 companies(which are on current on CO SOS... well not anymore because they are now merged into ACTT) merged into ACTT... the private company.

ACT TELECONFERENCING, INC. : Entity Id: 20011209669, ACT VIDEOCONFERENCING, INC. merged/ Entity Id: 20011241877, ACT PROXIMITY, INC. merged

reason for the 3 filings... 1 for each merged company and one for the surviving entity..

http://www.sos.state.co.us/biz/BusinessEntityHistory.do;jsessionid=0000dtWFZv9EBsRps1rkm_8eZrL:11nm16ef4?&cmd=passgo&pi1=3


Dont know the big deal over Jeanie McQuade and Lisa Kaieser ~ They both seem to fill the legal counsel role at ACTT. ~ If anything, their names on any ACTT documents give more credence to the fact that this shell is actually part of ACT teleconferencing.

Take a look at the two links: http://www.actconferencing.com/aboutus/management-team.aspx
http://www.linkedin.com/pub/colleen-irwin/a/a6b/223

Now based on Peter Salas's track record: (Peter Salas is CEO of ACTT and is on the board of three companies trading : 1 @ .85, another @ $2.15 and another at $10 ~ http://people.forbes.com/profile/peter-e-salas/77762 ) i think speculation that ACTT may be looking to come back into the shell, could be relevant here.

Who knows.. Got to take a look at a bunch of factors and try to connect the dots on your own...

Two Big questions:

Is this a big msg board pump and dump?

Chart tells the story. No PRs or filings from the company = Classic setup


Does this stock have potential??

I think so IMHO > Tight float, and the SOS updates after years of silence. CEO on the board of a few stocks trading between .80 and $10 ~

Folks screaming millions in revs and profits, and filings coming out soon, have this all wrong IMHO ~

We dont know what or if anything is going to happen here... What we do know is this stock has ties to a company that looks to be doing very well... And the glimmer of any possibility that the company comes back into ACTT, could be enough to keep this stock running ~~


As always folks, do your own DD ~~~ Plays like these are VERY speculative on both sides...
Stock could run to .50+ or down to .01...

You never know ~ but i guess thats why we trade these things ~:))

GLTA!!!