InvestorsHub Logo
Followers 2
Posts 409
Boards Moderated 0
Alias Born 05/26/2010

Re: MadDog08 post# 22624

Saturday, 10/27/2012 5:48:44 AM

Saturday, October 27, 2012 5:48:44 AM

Post# of 22746
I haven't heard back from this law firm. Upon further research I've learned that we may not have legal recourse to pursue a claim against Kidder/ACLH on the grounds of "shareholder suppression." The State of Texas would need to be the jurisdiction for this claim, and as ACLH is a Nevada (albeit expired/revoked) corporation, shareholder suppression laws wouldn't apply.

As I've mentioned before, it appears our only legal recourse is to file a class action lawsuit, or hire an attorney at an hourly rate to have the courts order ACLH/KIdder to distribute his new found (ACLH) wealth. But I believe most lawyers would accept the case only as a class action, because they (the lawyers, saints that they are) could walk away with millions, and we (shareholders) with pennies on the dollar. It takes just one of us to hire an attorney to file the class action. Everyone (me included) is eager to climb on board to a class action, but after two years it doesn't seem like anyone wants to be the primary plaintiff to a class action.

Another option, one that I would encourage, is to submit an investor complaint against Russell Kidder and ACLH with the SEC. Let's face it, we've all been taken by Ridder and his crew. Our money was gone two years ago, and he's moved on to his new-found riches with his PacWest Equities, Inc. (PWEI) "arrangement." If Kidder had been working with best intentions selling ACLH assets to PWEI, we shareholders would have been informed long ago. My god, who wouldn't have been excited to learn that our shares had been "laundered" after all that worthlessness clinking to our share values from the May 2010 SEC halt. But as it turns out, we didn't receive one bit of news from Kidder's asset sale, his (ACT Clean Technologies, Inc.'s) 150,000,000 shares ownership in PWEI, or how much money Kidder's made from the sale of "OUR" company's assets to PWEI. And since (to date) we haven't been informed, its safe to assume Kidder and his crew don't give two cents about any of us ACLH shareholders.

So, here's the process. If you deem this approach worthwhile, a good investment of your time, and will make you feel empowered, go to the following SEC webpage:

https://tts.sec.gov/oiea/Complaint.html

I don't know how many ACLH shareholders are out there, but I'm confident if enough of us notify the SEC of Kidder's latest scheme something, ANYTHING, may be done to stop him before he dumps all his shares, from him doing this again in the future, or possibly even order Kidder to distribute his (our) ACLH riches to us shareholders. Unfortunately the SEC will never admit the number of fraudulent pump and dumps currently active prohibits them from identifying, monitoring, and let alone halting, all of them. It's up to us victims to assist the regulators to identify those individuals and "companies" that are victimizing new investors each and every day.

But let's face it, I'm too much of a realist not to read the signs. Since beginning it's orchestrated pump and dump, PWEI has traded well over 222,000,000 shares at a value between .16 and .70 cents. With Kidder/ACLH owning 150,000,000 shares, it's likely Kidder has dumped a sizable number of shares, and may even be continuing to do so as trading days wear on.

Another ACLH shareholder received a call from Gary Koelsch, president of e-Green Marketing, LLC. Apparently, he's "no longer involved with PWEI." Really? Last I read from the PWEI "disclosure statement" filed on 18 August 2012 (for the period ending 30 June 2012) with OTC Markets, e-Green Marketing, LLC was owner of 100,000,000 common shares in PWEI, and Gary Koelsch was owner of 7,500,000 common shares of PWEI. More importantly, per that disclosure statement, Gary Koelsch is (was) the president/director of PWEI. But now he's "no longer involved?" Interesting how he never shared when exactly he parted ways with PWEI. Was it only after he was able to dump most, if not all, of his shares?? If you review the following PWEI "disclosure statement" it lists Gary Koelsch as president of PWEI, along with the PWEI telephone number. Why is it the PWEI telephone number still has Gary Koelsch's voice greeting? Gary Koelsch also stated to our fellow shareholder that he "likes to return phone calls." Feel free to give him a call to learn what you like about his "prior involvement" with PWEI, when "he left," and what he knows about our ACLH shares. Gary Koelsch (PacWest Equities, Inc.): 949-254-4803.

http://www.otcmarkets.com/financialReportViewer?symbol=PWEI&id=88723

Look, it's important for us to realize that these guys are highly sophisticated. They spend valuable dollars hiring lawyers to help coordinate their pump and dumps. Chances are Kidder and his crew have been planned this latest scam for many, many months; certainly over the past two years since the SEC halt of ACLH. And chances are equally great that they will walk away with MILLIONS. But my suspicions are that TIME is the factor they have least control over. As they proceed dumping their shares into the market place, they must "wait their turn" to continue dumping shares because of all the new investors participating in the trading underway. The fewer overall shares traded each and every day, the less likely that Kidder's 150,000,000 shares, and Koelsch's 107,500,000 shares will be executed from the 'dumping queue." This could very well be the reason for Koelsch's incentive to inform ACLH investors that he's "no longer involved with PWEI." He wants to continue dumping his remaining shares into the market place for as long as possible.

Again, because I've lost any hope of recovering my losses in ACLH, I'm now pursuing whatever recourses I have to empower myself to prevent this sophisticated, organized, group of "businessmen" from victimizing new investors. As I've been doing this past week, I suggest ACLH bag holders share their story on the PWEI message board. Make certain to "validate" your entry by noting that ACLH has a 47.5% ownership stake in PWEI. Help educate (warn) new and unsuspecting investors about Kidder and his crew.

As of last week PWEI shares were trading at a high of .70 cents per share. Can you imagine if our ACLH shares were worth .70 a share? Remember, TIME is the one factor Kidder, Koelsch, and their crew can't control. The few shares Kidder, Koelsch, and crew can dump into the marketplace before the SEC puts a halt to this latest Kidder scam, the less millions they'll walk away with.




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.