Wednesday, June 26, 2013 11:58:26 AM
Second, per the opinion letter, Thomas Russell states that PWEI management (only one person, that being Geoff Bagatelos) informed him that no holder of 5% or more shares is "currently under investigation by federal or state regulatory agency for any violation of federal or state security law." Really...I've personally informed Thomas Russell via email that ACLH was halted on May 25, 2010 for questionable press releases, and that we have not heard from ACLH or Russell Kidder since February 07, 2011. Attorney Thomas Russell should be very aware that when the SEC suspends a stock for alleged Securities Violations it may take years to bring into litigation. Therefore, since ACLH is a 30.6% owner of common shares of PWEI, the statement that no 5% holder of PWEI is under investigation is absolutely false.
Lastly, much has been written that ACLH shareholders have no recourse for recovery because there is no value in ACLH. However, for whatever its worth (based on reality, and not more misrepresentation) according to this attorney's opinion letter, he "made a specific inquiry of management (again just Geoff Bagatelos) and was advised that no shares of stock were sold by any person cited in the previous paragraphs, i.e., ACLH. So if you take that at face value (and at your own risk) ACLH (AKA Russell Kidder) has 450,000,000 shares of PWEI stock, and at .03 cents = $13,500,000. Now considering I only want to recoup my lost $50k investment in ACLH, I'd say there is plenty of value in Kidder ACLH/PWEI scam to recoup...what do you say attorney Thomas Russell..???
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