Replies to post #22721 on Act Clean Technologies Inc. (fka ACLH)

[greedy__malone]

No fraud or misleading statements were ever discovered. I repeat NO FRAUD OR MISLEADING STATEMENTS WERE EVER DISCOVERED!

http://www.sec.gov/litigation/suspensions/2010/34-62166.pdf

The Commission temporarily suspended trading in the securities of ACT because of questions that have been raised about the accuracy and adequacy of publicly disseminated information 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.

There were misleading statements discovered. And those statements were clearly defined in the suspension order.

Now, you can say whatever you want however, the agency that regulates the public markets says there were serious issues with accuracy of statements made by ACLH and ACLH did nothing to clear any of this up. Evidently their ability to clear up the suspension was about as good as their ability to clean up the gulf oil spill.

[MaskedCat]

What was misleading was this: Shipley was banned from trading and had to take a non-public role behind the seems in ALCH! You knew his reputation was of bad character and that he should have had no involvement with writing anything for Act Clean in the way of trading stock. Isn't that so my friend?
So I agree you did nothing wrong but you did know they were being very naughty. If I had known Shipley was involved with his sleazy background I would not have bought even a single share of that stock. I also think it should have been known that kidder was a disbarred lawyer via sleazy business law practices, eh? You did nothing wrong, nothing illegal, and you were very nice to me. But it was the things that were omitted that destroyed my finances. Fortunately I only lost about $15000 dollars here. Hope you find classier people to work within your future.