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softtouch

08/16/07 10:24 PM

#33170 RE: MrBigz #33169

I emailed Steven Sung months ago with my concern about SREG and, of course, never got a reply. We are a pain to them and they do not care about us one single bit. There's no doubt in my mind (if they are in fact real) they will buy us out....I only hope that Alex Cavasin made a minimun bid for the takeover. Hopefully, at least, .20 and this is totally speculation (wishful thinking) on my part.
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to_profit

08/16/07 10:56 PM

#33176 RE: MrBigz #33169

To ALL:

Maybe I haven't clearly stated why we need a lawyer.
Here it is:
I’m proposing to hire a lawyer to prepare a letter to the SEC. The lawyer should address all the issues associated with Alcar in a professional manner. As long as security exchange rules is not the area of our expertise we may not see all the issue. We may also egsadurate some… The letter should contain personal information of each shareholder including his/her ACMG position.
How much do you thing we may need to pay (I realize that contributing money is the major issue why people are so reluctant)?

Here is my estimate of the required time:

- 4 hrs to learn about ACMG PR campaign
- 4 hrs to prepare a letter
- 10 hrs for studying similar cases
- 2 hrs to extract our personal info from emails
- 5 hrs time buffer
Total: 25 hrs

Let’s consider $200/hr, which in my opinion would be a fair rate.
We only have to pay $5K. If all ACMG shareholders holding 22M+ shares participate in this action we need to collect $0.00025/share. Would it hurt anyone? I don’t think so! For instance, my holding is 600K – I will need to pay $150.
Fair enough? Let’s vote FOR then!!!

Remember this letter will be much more powerful than our individual complaints sent to SEC a few weeks ago. I bet they receive thousands of complaints every single day especially when it comes down to deal with pink stocks. A letter from a professional lawyer signed by 100+ people holding over 50% of free float should work far better.

GLTA,

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