Please recall that in previous PWEI annual reports (March 19, 2012) ACLH was cited as receiving 150,000,000 shares in 2012 in a "merger" transaction.
Now in the recent disclosure statement, dated March 21, 2013, ACLH is listed as having 450,000,000 shares of PWEI, owning 31.8% of the restricted, common shares. Most notably, however, this latest disclosure statement clarifies that ACLH sold its assets in "American Bio-Clean Technologies" for these PWEI shares. This is certainly new information than was stated in the previous annual report. Mind you, a number disclosure statements that are dated well after this ACLH merger took place in 2012. As well, now we are to understand in this March 21, 2013 annual report that "to the best knowledge of the Company (PWEI), ACT Clean Technologies has no known controlling shareholders.." Why is it that now PWEI needs to make this distinction..? Could our message posts on iHub be concerning the ringleader, Russell Kidder..?? Does this mean the we ACLH shareholders own the PWEI shares, and these PWEI shares are not solely owned by Kidder and/or his associates..?
ACLH first appeared on the PWEI radar in the March 19, 2012 annual report for PWEI. At that time, Gary Koelsch, president of e-Green Marketing, was also the president of PWEI. ACLH was listed as having 150,000,000 shares of PWEI, 47.5% owner of common shares. e-Green Marketing, LLC had 100,000,000 shares and 31.7% ownership, with Gary Koelsch directly owning 7,500,000 shares, and 2.4% of the common shares. No mention was made at that time about any of these shares being restricted.
Now, one year later, those numbers have transformed into the following: ACLH - 450,000,000 shares/31.8%, and e-Green Marketing - 300,000,000 shares/21.2%. In this March 21, 2013 annual report the share distribution is listed with a disclaimer stating that "all the above shares are restricted shares." Honestly, though, can anyone really believe anything this company and Russell Kidder's associates release..? How can you go from unrestricted, common shares to now restricted common shares...? So I guess Kidder and his associates must have sold all their unrestricted shares during the 2012 pump and dump campaign and just printed themselves some new shares for perhaps another pump and dump campaign...? Since PWEI hasn't been reporting regularly, the investing public has not been informed of how these share increases were authorized/realized. But what's most important is that ACLH's (Russell Kidder's) stake in PWEI has certainly increased. And more so, that we ACLH shareholders are still in the dark about our share values....
Now we all know that Russell Kidder is the preeminent pump and dump and shell game master, that's why there are so many iterations of "Bio-Clean" affiliated with Russell Kidder and his many associates. For example, a wholly owned subsidiary of ACLH was American Bio-Tech Cleaning, Inc. acquired by ACLH in January 2010. But now we read in PWEI's March 21, 2013 annual report that they purchased "American Bio-Clean Technologies" from ACLH. Shouldn't a legitimate company (PWEI) be capable of reporting the correct legal name of a company they've acquired..? Remember Bio-Clean, Inc., that became Global Nutech, and now is Texas Gulf Energy, Inc...? They and Russell Kidder's ACLH go back a long way..check out this link: http://www.actcleantech.com/bio-clean-products.htm Wait, there's more...there's Bio-Clean International, Inc. they're the Roth family (father and son) that are known associates of Russell Kidder. See this link: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49708734
What's critical to note about PWEI is that after a number of months without regular filings, downed company website, and no significant trading without the benefit of paid pumping, we now have deliberate attempts to legitimize this company by posting annual reports, attorney's letter, and anything else they can think of after the fact... My guess, expect a serious pump and dump campaign in the next 30-60 days....
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