American Commerce Solutions Inc (AACS)

[dlewisfl]

Jagman:

The CEO is against signing financing deals that will lead to massive dilution. Unfortunately, since he hasn't been able to come up with financing AT ALL, they were forced to issue S8s over the past couple of years to stay up an running. They haven't issued an S8 in over a year now that IMW is CFP. The big dilution last year was debt reduction. The CEO and head of IMW (Robert Maxwell) were the ones that bought those restricted shares, so they plunked $600k of their own money into this - probably because they know what's coming!! Those two now hold 80M shares. They will be making good $$$ at IMW building the gasification machines, profits there will be put into Chariot to get that to where it should be. AFGP is also close to being listed.

Lots of things happening right now...