Just reviewed the latest Disclosure Statement from PacWest Equities, Inc. (PWEI), dated 03/21/2013. Of interest is that we have more clarity on the merger between ACLH and PWEI. We now know that ACLH sold the assets of American Bio-Clean Technologies to PWEI in exchange for 150,000,000 shares of PWEI. What we ACLH shareholders do not know, is what value gains have been realized to our ACLH shares as a result of this merger. Please recall that PWEI sold tens of millions of shares with its orchestrated pump and dump this past year.
We can calculate that the value of ACLH's shares, based on the 150,000,000 shares at .23 cents/shares translates to $34,500,000 of value. If ACLH is to believed to have only 500 million shares outstanding, we're looking at ACLH share value of .069.
But what is known one day with these characters is susceptible to change. Check out this 3/21/2013 disclosure statement. Apparently, ACLH has 450,000,000 common shares of PWEI...and what does that equate in value to our ACLH shares..??? 450,000,000 x .23 = $103,500,000 / 500,000,000 = $0.207 per share...!!!!!
Taken from the recent PWEI disclosure statement:
Title of Class: Common
Name and Address Of Beneficial Owner: ACT Clean Technologies, Inc. 450,000,000 31.8 % 3700 Campus Drive, Suite 204 Newport Beach, CA 92660 (To the best knowledge of the Company, ACT Clean Technologies has no known controlling shareholders. It's resident agent in the State of Nevada is National Registered Agents, 311 S. Division St., Carson City, NV 89703)
Amount and Nature Of Beneficial Ownership: 450,000,000
Percent Of Class: 31.8 %
So what can we believe, and what should we be made aware of..? Don't we deserve some reliable information..?
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