Replies to post #18041 on Act Clean Technologies Inc. (fka ACLH)

[lucky, mydog]

be patient . these things take time, but it will happen.

[greedy__malone]

That's simple. The suspension was a notification to the general public that something just isn't right here. Now, the SEC can choose to take it to the next level or they can simply let the company die on the greys as you can see from todays action is what will happen if ACLH does not correct the problems and take care of business.

And, from their endless silence on this subject it would seem as if their response is to not respond at all. That begs the question.

If everything they said is legit and true why are they not repeating it?

[Chris21]

Uhm, maybe you should look at their quarterly report. Their only real asset is their unconsolidated investment in another company which seems to have magically gone up ~1 million dollars last quarter, when they had no sales or revenue to speak of. Something tells me that is the aforementioned uninterpreted derivative that keeps them from having a true GAAP format.

[brosef]

When you buy stock you assume the risk of whatever happens to the company and your shares. The SEC's job is not to protect you it's to protect others who haven't jumped in the boat yet. The difference with people who are able to recoup some of their money ,like say Enron/Madoff, is that those companies, although fraudulent, did have money sitting on their books and did have assets to liquidate. Look at ACLH's financials; if you are FINALLY able to accept the fact that it's a shell then you'd realize lawyers are not going to want to pursue a case where there's not much of an $$incentive$$. Shareholders usually get their money back when it's a high profile company that has gained a lot of media attention which forces either the SEC to do more or attracts a lot of hungry lawyers...you're on pinks; most of the stocks are scams/pumps. Brush it off and move on. As far as prosecution goes...I expect that to happen but there will likely be a lot of stalling from the company's legal team before that happens.