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bitbybit

05/15/07 11:39 AM

#23472 RE: texasjerry #23466

Texas, even blue chip companies on the big boards don't HAVE to report information more frequently than quarterly. My own bank only sends me reports once a month. That no information has come from ACMG in two months is no big deal. IF I were Alex and had the dream he has had as long as he has I would swear my own mother to absolute secrecy if I thought it threatened a shot at the dream. To threaten some kind of legal action against a company that for all intents and purposes does not yet exist is not helpful to anyone. When it comes to this stock I think it is short-sighted to threaten to bite the hand you are hoping will feed you. I would assert again that we non-majority holders of stock are irrelevant to this business at the moment. JMO
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Li'l Jazz

05/15/07 11:43 AM

#23474 RE: texasjerry #23466

Texas, I admit I know little about pink sheets. But I DO know that I am ALWAYS hearing about people being suckered with pink sheet "scams". (I'm NOT saying ACMG is a scam.)If such recourse is available and effective, why do I keep hearing about people who have lost their shirts? BTW, I'm not being argumentative, I'd really like to understand how scams get away with it so frequently.
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jenthico

05/15/07 1:38 PM

#23528 RE: texasjerry #23466

TJ, you just looped backward about 2-3 days. Reread the SEC rules and regs re: blank check companies. They DO NOT have to file anything until there is a material change in the company that would cause them to move out of shell status into rev gen status. An 8-K is NOT required unless and until the merger is complete, then, it must be done within 4 days.

If the merger fell through or is on hold, they still are in shell status and NOTHING is required.

Sorry, but I already posted the rules. Go through my archives if you feel so inclined.