Replies to post #2483 on Alcar Chemicals Group, Inc. (fka ALCX)

[king oil]

a little confused

After long work and negotiations we did enter a MOU with USSE outlining a merger/acquisition of 60% of ACMG by USSE in which we mutually agreed on a pps evaluation of $2

how does ACMG justify a $2 valuation when it's stock is trading at 3 cents? maybe that's killing the deal? why should USSE pay so much? they could purchase on the open market for a lot less.

[up-down]

From Alex: (1/5/07)

Good Morning Ladies and Gentlemen,

First of all let me wish you and your families a Happy New Year, lots of health and love for the coming year – these are the two most important elements and with plenty of them, wealth will automatically follow because they will allow us to take the right decisions in terms of investments.

With that said, I am taking a few minutes to address the USSE issue which has many of you on the edge of your seats…

After long work and negotiations we did enter a MOU with USSE outlining a merger/acquisition of 60% of ACMG by USSE in which we mutually agreed on a pps evaluation of $2. Furthermore, we had envisioned a closing prior to the Holidays, however, our DD requires further scrutiny on our part. As a result, we have NOT as of this date reached a definite agreement with USSE and as a consequence, USSE is not in a position to sell any technology belonging to ACMG. As a matter of fact, USSE has not received in depth knowledge from ACMG which would allow them to copy or reproduce our technology.

A definite agreement with USSE may still be reached at a given time but only if and when our DD is completed yielding positive results.


I hope this puts everyone at ease.



Alexander P. Cavasin,

CEO