Replies to post #4573 on American Commerce Solutions Inc (AACS)

[roger wilco]

AACS will likely go into bid support failure with news that the Best Way deal has fallen apart.

no reason to catch a falling knife

On December 01, 2016, we agreed with 3 Sisters Trust/John Keena from whom we acquired Best Way Auto & Truck Rental, Inc. as a wholly owned subsidiary as of March 31, 2016 to rescind the transaction. Our decision to rescind the Best Way Auto & Truck Rental, Inc. acquisition was based upon our completion of due diligence and experience in operation of the business since the date of acquisition. The rescission includes the return to us of 200,000,000 shares of our common stock (which was issued in unissued shares). As a result of the rescission, John Keena and Three Sisters Trust and its principals have no interest in us.

[JC PennyStocks]

At least now we know, I personally thought the entire acquisition was made up. I wonder what they will try to start up now. I'm pretty sure the welding division was sold off awhile back. I visited their corporate address earlier this year and the warehouse was vacant.