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liable

10/31/06 7:09 PM

#323 RE: Acend #322

It is beyond me how your company would expect to have increased liquidity after introducing themselves to the market place in this manner. Essentially you are intending to nearly wipe out your first public shareholders by an R/S and less than a 4% stake in your new company, while you bring your company to the market. Out of the 19.3 Million shares you will have at the closing of this reverse merger, your company will own 18.5 million of these shares and will have a tough time maintaining a liquid market with your brand new reputation.
You have acquired a listing at the expense of investors who saw promise in an early investment in Amstar, speculating on lasting relationship with your company. What you have done is shot yourself in the foot.
Where do you expect the market to price your stock? $2? $5? On the Pink Sheets when at the first chance you illustrate that you don't have shareholder's interests in mind? How do expect to promote the stock following this type of treatment to your brand new shareholders? How do expect to find buyers with the O/S and market expected to be so thin?
What may have served the interests of everyone better would be a forward split of Amstar stock, and a bit of a reward to those who thought they would give your company a shot as a growth investment.
This might be the most poorly executed reverse merger that many have seen. Hopefully at the court hearing, Amstar stockholders voice their opinions and understand these terms are not in their best interests, rather than the brilliant minds that drew up this transaction.
What was Mr. Wilson's compensation? Was it worth it to him to have his own holdings diluted into oblivion, or did he already get the opportunity to sell his shares? How about the board of directors?
It might be time to go back to the drawing board on this one if it isn't too late. Short sellers love companies who reverse split and dilute in one transaction.
I ask again, who do you expect to sell your shares to when all is said and done?

Amstar is thankful for the interest in its future stock possibilities and hopes to have you all as Amstar International Shareholders soon.

Not very likely....

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pkripper

10/31/06 8:13 PM

#326 RE: Acend #322

750,000 shares for pofg holders? liquidity? unless your shares are restricted, the only liquidity will be the shares current amstar shareholders own and sell, and straight into their pockets. I am glad I am in small. glta, I hope i'm missing something here.
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emulwa

11/01/06 10:59 AM

#351 RE: Acend #322

It is not about the wording of the PR. It is the content in it. Particularly the words "reverse split" The MMs will end up creating a "Naked short" situation by "failing to deliver" the borrowed shares by not covering their positions because they short it to 0.0001, and the company does not know what to do next because they end up with billions of mysterious shares (Company's have complained to the SEC but there is no hard-and-fast rule to bring the companys back to trading after they have been shorted like this. Please please please POFG call off the split. This is pinkieland. Listen to the street-smart who are advising you because of experience. The MMs and traders are salivating at this stock because they have found an easy one here to short to nonexistence. R/S do not work with pennystocks . Just look at PCLO which was at 0.25 a few months ago and was shorted to 0.0001 because of the same thing you are trying to do. Its done. Do not feed alligators with the beef on your hand because they will eat you up too. Reconsider the split IMO. Complaints from investors who lose money from R/S usually get the SEC attention, who in turn end up scrutinizing the company in more details. Stop the madness. Stop the split. if you want to reduce the shares to 20mil, then
1. Buy them back at the usual 50% discount, or
2. Convert then to restricted preferred share, or
3. Give Amstar their shares at a 5:1 ratio instead