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blackhawks

05/25/10 10:39 AM

#14010 RE: rdaub82 #14003

Get over the notion that this some kind of MM or basher conspiracy.

Here is the SEC posting

"It appears to the Securities and Exchange Commission (“Commission”) that there is a lack of current and accurate information concerning the securities of ACT Clean Technologies, Inc. (“ACT”) because of questions regarding the accuracy of assertions by ACT concerning, among other things: (1) British Petroleum’s purported expression of interest in using a so-called oil fluidizer technology purportedly licensed to ACT’s wholly-owned subsidiary, American Petroleum Solutions, Inc., for use in cleanup operations in the Gulf of Mexico, and its purported request that field tests be conducted on the oil fluidizer technology; and (2) the purported results of field tests finding that the oil fluidizers are effective for use in clean up efforts in the Gulf of Mexico.

The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company."
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wiz_kid

05/25/10 10:40 AM

#14012 RE: rdaub82 #14003

Is it possible that the MM's are short in the upper 25-50 million dollars if they were to be forced to cover at this level??? In that case they would look at the SEC for a way out. THEN the question becomes does the SEC give it to them??? If so i'll never trade again. But if the SEC dosent help them this thing could go completely crazy.
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ShierCon

05/25/10 10:44 AM

#14020 RE: rdaub82 #14003

Agreed and i hope it gets lifted soon. Doesnt seem fair that others are not halted