Replies to post #18801 on Alcar Chemicals Group, Inc. (fka ALCX)

[dtstx]

Jenthico,

Obviously I have no proof just an opinion like everyone else. I believe escrowed funds to the Doc (7.2M) and escrowed shares to the SIAM group were released after the signing on 3-19. Released from the ESCROW account to do as one wills.

There have been statements that the SIAM group doesn't care about what price they buy their shares since they're authorized to purchase up to a $1 a share. Personally I don't bye it. For every penny they save buying back shares that's a chunk of change. Deep pockets doesn't mean stupid. Being frugal is good business sense and investing in their own endeavors. So shorting against those restricted shares the Doc handed over to SIAM is exactly what I'm talking about when I said "orchestrated" but there was belief prior to 3-19 of naked shorting also.

I could be all wet here, but I think this makes sense.

[MrBigz]

I think everyone needs to re-read the agreement.

Answers to some questions about dilution and Cavasin's shares are there.
Siam doesn't get any shares until March 2008 and they are then restricted for 2 years.

Also read the investors facts page about share structure, now and four years from now.


I am unclear as to who gets voting power over Cavasin's shares - maybe someone has this answer.

Also, my take on SIAM buying 30 Million shares: they have bought already and shareholders who bought before March 30th are afraid to sell their shares because of the dividend attached to them. So, where is the daily volume coming from????

I also wonder if removing their TA had anything to do with trying to obtain a shareholder list for the Divy. We know that the TA is a little shady.

According to the company, the agreement specifies the following:

-- Siam Renewable Energy Group Ltd. will inject a total amount of USD $282 million dollars for a total of 137.5 million restricted shares. The first amount of 7.2 million dollars, subscribed as a convertible loan at $1 per share, will go towards the building and start-up of the first plant in
Canada, to insure ACMG will be able to meet its contractual obligations, as well as the scale up engineering. The loan bares no interests and no repayment modalities for twenty-four months but will be automatically converted into 7.2 million shares baring a two-year restriction upon completion of the Canadian plant, expected for end of August 2007.

-- Warrants are expected to be executed for each of the following four years, in April 2008 7.2 million restricted shares at $1.50 per share, in March 2009 7.2 million restricted shares at $3.50 per share, in February 2010 7.2 million restricted shares at $5 per share and in January 2011 7.2 million restricted shares at $10 per share, these amounts corresponding to the cash input scheduled within the business plan for the projected expansion of ACMG's ethanol production in South East Asia.

-- In addition, Siam Renewable Energy Group will complete the forecasted financing of the ethanol facilities for a predetermined fixed amount of shares. The agreement defines that in March 2008 Siam Renewable Energy Group will return 17 million shares to Dr Cavasin from his shares held as security and will invest USD $65 million dollars to receive 30 million
shares baring a two year restriction. In February 2009, Siam Renewable Energy Group will return an additional 17 million shares to Dr Cavasin, always from his shares held as security and invest USD $39 million dollars to receive 25 million shares baring a two year restriction. In January 2010, Siam Renewable Energy Group will return an additional 17 million
shares to Dr Cavasin and invest USD $27 million dollars to receive 25 million shares baring a two year restriction. Upon completion of the third plant and beginning of construction of the fourth ethanol facility, foreseen for December 2010, Siam Renewable Energy Group will return 11.5 million shares to Dr. Cavasin from the remaining shares held as security and the balance of 5.5 million shares will be transferred to Siam Renewable Energy Group which will receive an additional 16 million shares baring a two year restriction issued to them at that time.

-- With the singing of the agreement Dr. Cavasin's resignation as CEO of ACMG and his new position at Siam Renewable Energy Group as COO and Director of Operations becomes effective. The transition is expected no
later than by March 27th 2007. ACMG will be restructured according to a most recent plan now being finalized and which will be announced shortly.

-- Following the four year expansion plan proposed by Siam Renewable Energy Group, ACMG will be operating five plants in Canada and South East Asia for which present management and shareholders in the float will hold 45% and Siam Renewable Energy Group will hold 55%.

-- A final clause added and approved by the two Boards of Directors specifies that Siam Renewable Energy Group will acquire up to 30 million shares in the open market to a maximum of $1.00 per share and said "buy back" is to begin immediately.

-- The definitive agreement is schedule to close on or before May 7, 2007.


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