Running on big news.....hot sector....where will it go?
Thursday, April 20 2006 9:00 AM, EST
Alcar Chemicals Group's Proprietary EnviroEnergy Technology Receives Independent Evaluation at $85 Million USD
MONTREAL -- (MARKET WIRE) -- 04/20/06 -- Alcar Chemical Group Inc. (OTC: ACMG) announces today the completion of an independent evaluation of its proprietary technology to produce plastic raw materials, Ethanol and Bio-Diesel based on renewable resources. The independent evaluation was performed by CLD and they have established the value at $85 million USD, translating into approximately $0.90 per share on a fully diluted basis.
"ACMG's proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel," said Alexander Cavasin, President and CEO of ACMG. "The yield output of our process alone will create immediate impact in our industry and we expect many more large multi-nationals to be adopting and licensing our technology over the coming months," further added Mr. Cavasin.
The proprietary technology developed by ACMG is a process, based on renewable natural resources, where it can use inexpensive non-food-crop and generic organic waste as feedstock, to produce plastic raw materials, ethanol and bio-diesel. ACMG's Process significantly reduces production cost and obtains yield rates that are significantly higher than the industry standard.
About The Alcar Group
The Alcar Group represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers, a growing shortage estimated to reach over 6 million tons in 2006. The market price for the materials in question vary between $1,000 and $3,000 per metric ton and the Alcar Group has developed a patented process and bioreactor which allow production at costs savings of up to 40% when compared to current production methods, translating in gross margins of over 50%. With the planned expansion, the AGI production process will reach a total capacity of 120,000 tons annually of economical and environmentally friendly materials for polymers.
The Alcar Group Inc. (AGI) develops innovative, patented methods for petroleum-independent fuel and plastics resin production (e.g. polyurethane) that significantly improve the offerings of its customers in the automotive, building products and recreational sectors. AGI operates three divisions, Alcar Advanced Materials Corp., which manufactures and distributes various proprietary non-petroleum-based plastics and coating systems, Alcar Advanced Energy Systems Corp., which will manufacture and distribute high-purity non-petroleum-based ethanol and diesel fuels and Alcar R&D, an advanced materials research and development center.
Made an edit of the ticker symbol only....If that's OK with you.
At first i was hesitant but found out that they are affiliated partners with midlandbaring financial group which is a reputable company. I have a small position at 0.11.
anyone care to look up the o/s or the market cap on this thing???? 3000 o/s, $270 market cap??? pls, someone, show me different....
A few days ago this stock ran up on news...then pulled back. Today had a very nice comeback day with a great close.
Sorry, RV dont know the market cap....but this moves easily.
Quoteanyone care to look up the o/s or the market cap on this thing?
Well the press release says that there valued at 85 miilion or .90 a share. that means that they have a little over 94 million shares outstanding. If you multiply that by the closing price today (.16) that gives you a market cap of:15 million. These calculations are supposing the numbers from the press release are correct and assuming I calculated correctly.
Quote from: ultra1066 on April 24, 2006, 05:08:13 PM
Quoteanyone care to look up the o/s or the market cap on this thing?
Well the press release says that there valued at 85 miilion or .90 a share. that means that they have a little over 94 million shares outstanding. If you multiply that by the closing price today (.16) that gives you a market cap of:15 million. These calculations are supposing the numbers from the press release are correct and assuming I calculated correctly.
Thats what I get too Ultra.. I wonder about that press release but I like that it wasn't followed by another and another.. makes it feel more real. No doubt this is risky.
Julia has a great eye for these! I hope you got some.. hehe! :o
Nice buy nephrologist ;)
Quote from: eliteG on April 24, 2006, 05:15:32 PM
[
Julia has a great eye for these! I hope you got some.. hehe! :o
Nice buy nephrologist ;)
Thanks Elite ;D
"
A nephrologist is a physician who has been educated and trained in kidney diseases, kidney transplantation, and dialysis therapy. Nephrology is classified as an internal medicine subspecialty. Knowledge of internal medicine is required to obtain certificationU calling me a nephrologist? I, of course had to look it up....looked it up in 3 different places because I kept thinking there must be another definition ???...lol....I think u just like the sound of that word...its kind of cool actually. Not sure, if u were talking to me....but,I will now be telling people that I am nephrologically inclined....yes....makes me sound very smart...and geeky hip like...luv it :D
So....now,....do I hold out for a run in the next coming couple of weeks maybe...or do I sell....what to do, what to do....wait...is there another Nephrologist I can confer with for a second opinion? :)
thanks...peace out.
glta
julia
Lol.. sorry for the confusion I was referring to the posted buy of kidneydr.. :D
..Hmm that makes me think we don't have a good nickname for you?! This is something we will have to remedy! I must confer with Hawkeye. ;)
LOL! Elite, I guess I missed that ;D
Its all good....I learned a new word! Unfortunatley, I will forget it by tomorrow due to my advancing alzheimers :D
Oh no...now what did I start. May I make a suggestion as to my nickname? Ok...how about...Dazzling Outstanding Goddess!? and the abbreviated form will not be accepted! lol ;D
I also got a very small position at an avg. of .118.
glta
julia
So...i gapped up..had a little run...then held itself around .18-.19 for most of the day...then near eod...dropped to the open gap pps....not bad. :)
I sold my shares in the a.m...a little too early..dang couldnt cancel my sell order in time...but still did well..then i rebought..cause it just looks good..lol :)
anyone still in or got in today?
glta
Still in from 08 and buying a bit at the top (oops) and down to .15 I'm leary of this but my ethanol plays took over where the bird flu speculation left off. Bird flu was mostly NASDAQ but I'm surprised at how few ethanol plays are listed on NASDAQ....mostly OB and PK. I'm in GSHF, VRDM, INSQ as well. This hole sector is a hibernating gold mine IMO. Now that 70 bucks a barrel is the norm we might see a whole new trend setting up. That's what I'm expecting. I don't think .90 a share is doable in the near future on ACMG but the company hasn't even got a website up and running yet. How fresh can you get? GLTA
Whole sector is sluggish again today.
Hi
I got in yesterday on a hype @ .21 and now don't know... hold?
My mental stop @.147 and still holding
Whole sector down... If it will not rebound today or tomorrow these small will go down faster then others
Any thoughts ?
also in DPBM and TGC what worried me
lana
Hi Lana and Tug,
I'm also in again around .184, I tried to catch the drop this morning tp add to add to my position, but my TD platform is too slow..dang. But, I like this stock, I think it will do a little move tomorrow a.m, then pullback..but, eventually will see further highs. l will probably sell in the am. and rebuy on the drop.
Tugg u got a great entry...why dont u take some profits tomorrow, just in case, sell half to protect ur capital...just a thought. :)
This stock so far intraday has great pullbacks...then tends to go up again...of course thats just my observation so far, and things never stay the same.
glta
julia
Hi everyone
Did you see 5 years chart daily and weekly ?
What do you think
lana
Hi Lana,
Not sure what u mean about the 5 yr chart, I dont see any real trading going on prior to just recently. :)
I sold and bought back in again at .16, just a small position. I heard a RUMOUR that very good news will be coming, relatively soon..but not sure when...its just a rumour of course at this point...but, sometimes these rumours end up being true..so, good to keep on watch.
glta
julia
Hi Julia
I meat those price spikes - 1.05; $70.00; $150.00
How it could be and no real volume? Can't get intraday chart on those days
What you think? Could anybody sell at those prices?
glta
lana
Thanks for the chart lana :)....lol...i dont think we'll be seeing those prices...anytime soon anyway..would be nice...so, dont leave ur sell order in at that price lana :). I sold out yesterday again..was hoping to catch a better price...will try to get back in today.
glta...and lets see $70!! :)
thanks
julia
Hi, Julia
I like how you trading. I wish, I could be such aggressive. Applaud to you
Instead, I'm sitting and watching it going down with hope it will rebound
So much to learn....
GLTA
lana
Hey Lana,
welll...i did pick up more today, avg. around .15..but, it continued to drop into the red.
The reason I kept buying and selling, was I noticed that last several days, u could just buy and flip it for a couple of points. Also, a few times it would close in the red and gap in the a.m....just taking a chance really. Well...lets see where it takes us this week.
And, really, I'm not very aggressive at all..i try to be, but I'm just a nervous nelly most of the times :)
goodluck to you! :)
STock has been dropping due to lack of awaited news.
We do have news this a.m, may cause a bounce. STill more concrete news will cause a better run i believe.
Tuesday, May 16 2006 9:00 AM, EST
Alcar Chemicals Group Signs Memorandum of Understanding
MONTREAL -- (MARKET WIRE) -- 05/16/06 -- Alcar Chemicals Group Inc. (OTC: ACMG) announces today that it has received, signed and accepted a memorandum of understanding from A-M Polymer Industries Ltd. for equipment acquisition and licensing. The details are presently being discussed.
"A-M Polymer Industries is a longstanding customer who has been purchasing our polymer resins for over 6 years," said Alexander Cavasin, CEO of Alcar Chemicals Group. "Mr Terki, CEO of A-M Polymers, has announced the intention of acquiring formulation equipment and licensing our technology with exclusivity for the Middle-East. We are now discussing licensing terms and I am expecting results very shortly. This could easily become a USD $10M yearly contract," further added Mr. Cavasin.
About Alcar Chemicals Group
The Alcar Chemicals Group (OTC: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
PPS has been on a downtrend..very low now...A/H news could cause a decent bounce tomorrow.
Tuesday, June 13 2006 7:30 PM, EST
Alcar Chemicals Group Signs Letter of Intent With A-M Polymer Industries Ltd
MONTREAL -- (MARKET WIRE) -- 06/13/06 -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces that it has signed a letter of Intent with A-M Polymer Industries Ltd after agreeing on the general terms for a licensing contract.
A-M Polymer Industries Ltd had expressed its interest in a licensing deal with a memorandum of understanding issued in May; the two companies have now reached an understanding on the terms and conditions, signing a letter of Intent. "A-M Polymers has been a customer for years and the established relationship facilitates our negotiations. I won't say too much at this stage but I can assure you that a final agreement is imminent," said Alexander Cavasin, CEO of Alcar Chemicals Group.
About Alcar Chemicals Group
The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and biodiesel, allowing production at cost savings of up to 40% when compared to current production methods.
Had a very nice move from this a.m news.
Wednesday, June 21 2006 9:00 AM, EST
Alcar Chemicals Group Signs $68M Licensing Agreement
MONTREAL -- (MARKET WIRE) -- 06/21/06 -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces that it has signed a contract with A-M Polymer Industries Ltd. worth $68M.
The agreement, valid for an initial 5-year term and automatically renewable if the general conditions are met, grants A-M Polymer Industries s.r.l., exclusivity for the entire Middle East. In return, A-M Polymers will acquire all equipment and raw materials, forecasted at 8,000 tons per year for their first manufacturing plant, exclusively from Alcar Chemicals Group Inc. The agreement guarantees raw material costs at 10% below posted market prices to A-M Polymers and a $0.25/Kg (11.36 cents U.S. per pound) Royalty fee, payable quarterly, to ACMG, for formulations and on the resale of raw materials.
A-M Polymers has acquired the entire formulation equipment park from ACMG, which will be delivered and installed over the next months. "We agreed on mutually beneficial terms," said Alexander Cavasin, CEO of Alcar Chemicals Group. "While to us this contract is worth $60M in sales and an additional $8M to $10M in Royalties, A-M Polymers will be able to significantly increase gross margins, increasing its net profits by over 1 million dollars yearly just from the raw material cost savings we are able to offer. This contract secures the sales for the entire output of our first reactor, representing a significant milestone for ACMG and its expansion plans," further added Alexander Cavasin.
With the recent issue of 1.5M shares, the total OS is 100M even, of which 72M are restricted shares. With such a promising technology, which represents a truly sustainable and highly economical process, contracts like the one just signed with A-M Polymers and especially with the stock so undervalued, ACMG represents a tremendous potential to long-term investors.
I think it's ready to go again
Moving on news finally....gooooooo!!!,,had been lulling near the btoom long enough dang it!
Wednesday, December 06 2006 1:33 PM, EST
--------------------------------------------------------------------------------
U.S. Sustainable Energy Corp. to Acquire Controlling Interest in Alcar Chemicals Group, Inc.
Market Wire "US Press Releases "
NATCHEZ, MS -- (MARKET WIRE) -- 12/06/06 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced today that it has signed a memorandum of understanding to acquire a controlling interest in Alcar Chemicals Group, Inc. (PINKSHEETS: ACMG) (http://www.alcarchemicalsgroup.com)
John Rivera, CEO of USSE, stated, "We are very pleased to announce this preliminary milestone today. Alcar has totally unique and proprietary technologies that separate it from the very few competitors in the renewable natural resources and biofuels marketplace. Alcar utilizes the most advanced biomass conversion technology to manufacture plastic and polymer raw materials and biofuels from non-food crop as main feedstock. They will provide us with additional complementary technologies that will further lower our manufacturing costs and provide further economies of scale. We will now be able to offer Ethanol, Ethylene Glycol, Propylene Glycol, and Ethyl Ester (biodiesel) synthesized from ethanol and vegetable oil in addition to our existing suite of products, which include 7-3-7 organic fertilizer and unique biofuels derived from soy and corn.
Alcar will work closely with USSE to design and implement the reactors in both Canada and the USA. Furthermore, USSE will ensure that existing contracts in place at Alcar totaling 160 million dollars over five years will be fulfilled. USSE expects to issue approximately 5 million restricted shares of USSE and 5 million restricted shares of its subsidiary company, Sustainable Power Corp. (SPC), at the closing of the definitive agreement expected within the next two weeks.
bot 12k shares at 0.07
I think Julia is becoming famous for these Pink Sheets..... ;) ;D
The chart..... 8)
hehe... oops... lost 150$ already... lol
g
I win the "fool-who-bought-at-the-HOD" award... ::)
Oh Gambler...dang...sorry about that :(....ummmm and if this makes u feel any better...i'm the fool-who-bought-the-last-run-hod. :).im still bagholding from .155...yup..thats right!!
Setravis...u must mean 'infamous' lol.
Stockcharts showing wrong quotes again...it closed at .057.
Well...perhaps we will get another green day tomorrow or soon. It did hold above the 50 and 200MA..so thats nice :)
This is a tricky little stock..used to do a lot of back and forths..so if ur not comfortable holding..just sell it tomorrow...they often retest the hod..u might even get lucky and it will gap and run a little over .07.
Well...goodluck..i just need it to do a 2 bagger from here and then i will be in the clear...horray!
lata
julia
Julia, I think it closed @ 0.0620
Hey Setravis..u maybe right...i see an after hours trade at .058 at 4:01:17pm..and all trades before that were at .062 ..so could be the mm's just cleaning up. Well..thats much better than...thanks Set! ;)
julia
Thanks Julia... I was kinda kidding about losing 150$ on acmg.pk... I more than made up for it with dovp.pk today :) who knows, tho, tomorrow is another day for acmg!
g
Ok..well here is some more decent news just out:
Wednesday, December 13 2006 2:27 PM, EST Alcar Chemicals Group Announces MOU for Completion of Financing for First Plant and US Expansion Market Wire "US Press Releases "
MONTREAL -- (MARKET WIRE) -- 12/13/06 -- The following is an announcement from Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (PINKSHEETS: ACMG), on the signed MOU for completion of the financing of its first plant in Canada as well as the planned expansion into the US.
With the planned transaction ACMG will secure the financing for the first biomass conversion facility in Quebec , which will operate three reactors to fill the $160M contracts on hand, as well as an accelerated expansion into the US market. As announced last week, Dr. Cavasin, CEO of ACMG, signed a memorandum of understanding outlining an agreement for the acquisition of 60% of ACMG in a transaction with an overall worth in the vicinity of $300M . The closing of a definite agreement is foreseen within the next week and the details of the agreement will be provided once finalized. The agreement will not affect operations as ACMG will remain a separate entity and its stock will remain in effect; it does, however, represent an important milestone by guaranteeing the financing required for the first facility in Canada and for the expansion into the US market with a sizeable facility planned in Natchez, MS.
"The synergy created by combining the complementary technologies would ensure tremendous economical advantages to what could become the most advanced biomass conversion entity on the planet. I am very pleased with this preliminary milestone as a definite agreement will guarantee the financial backup required for the plant in Canada but also an accelerated timetable for our expansion plans in the US, with an initial production facility of 360M Gallons per annum in Natchez, planned to begin operations by the summer of 2008," said Dr. Cavasin. "The amounts of forestry and agricultural waste available in Natchez are simply mind-boggling and the new expansion project will put it to good use. Together, we will change the fuel industry as we know it forever, one waste pile at a time, improving the energy sector worldwide and with it, the environment our children will inherit from us," further added Dr. Cavasin.
"After having spent several weeks working on this agreement, I can only point out that selling controlling interest may be the most important, but also the best possible decision I ever made. This is a first step towards revolutionizing the fuel industry while providing a truly green, zero waste operation, for the benefit of the project, our shareholders and the environment," answered Dr. Cavasin when asked how he felt about handing control of the project.
About Alcar Chemicals Group
The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and biodiesel, allowing production at cost savings of up to 40% when compared to current production methods.
Please visit our website: www.alcarchemicalsgroup.com
Julia, Worth another update..... ;D
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
149.82%above 13-day MA
236.57%above 50-day MA
Press Release Source: Alcar Chemicals Group
Alcar Chemicals Continues Take-Over Talks With US Sustainable Energy Corp.
Wednesday January 31, 9:45 am ET
MONTREAL--(MARKET WIRE)--Jan 31, 2007 -- Alcar Chemical Group Inc. (Other OTC:ACMG.PK - News) announces today that it is continuing talks with US Sustainable Energy Corp. for the acquisition of controlling interest in Alcar Chemicals Group Inc. to proceed towards a US expansion for an estimated USD $280 million, representing approximately $2.00 per share.
According to the company, Alcar Chemicals Group and US Sustainable Energy Corp. have progressed beyond the memorandum of understanding and would sign a letter of intent to outline the terms and condition by which US Sustainable Energy Corp. would acquire the controlling interest of Alcar Chemicals Group Inc. The companies plan to sign a letter of intent on or before February 19, 2007.
"This take-over by US Sustainable Energy Corp. is truly welcome at this phase of our development. It will enable the company to expand its non-food based ethanol technology quickly throughout North-America," said Dr. Cavasin, CEO of Alcar Chemicals Group. "The progress we have made with our technology continues to spark interest in our industry world wide and is quickly becoming the next contender," further added Dr. Cavasin.
About The Alcar Group
The Alcar Chemicals Group (Other OTC:ACMG.PK - News) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorization for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Investor Contact:
Steven Sung
[email protected]--------------------------------------------------------------------------------
Source: Alcar Chemicals Group
Hey Setravis........hooo hummmmmm :(
You will not believe that i sold this stock on jan 24th last week at .0033...just about the low of the year. After holding it for close to a year now, i had just got sick of it constantly dropping and it seems that the ones i hold just keep dropping and finally die off into oblivion, or they take off right after i sell near the low....i was literally sick to my stomach watching it. ;D
Well...i hope alot of people made money on this stock...too bad i didnt. :o
glta
julia
Quote taken from Julia.......goto page 1 of this thread.
"Oh no...now what did I start. May I make a suggestion as to my nickname? Ok...how about...Dazzling Outstanding Goddess!? and the abbreviated form will not be accepted! lol "
Worth another update, Dazzling Outstanding Goddess! ;D
Turned down offer from USSE for a better offer next week. Old offer was $2. I see the potential for a gap.
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
27.49%above 13-day MA
87.98%above 50-day MA
Hey Setravis,
Thanks for the info, i still got my eye on this sucker...maybe i will play it again if looks like its going to pull a fast one...lol.
thanks!
Dazzling Outstanding Goddess ;)
Alcar Chemicals Group and Siam Renewable Energy Group Announce Signing of Definitive Acquisition Agreement
Monday March 19, 10:12 am ET
MONTREAL--(MARKET WIRE)--Mar 19, 2007 -- Alcar Chemicals Group Inc. (Other OTC:ACMG.PK - News) announced today that Siam Renewable Energy Group Ltd has approved and signed the definitive agreement to acquire the controlling interests of ACMG.
According to the company, the definitive agreement was finalized and signed today in Singapore, whereby the Siam Renewable Energy Group Ltd. acquires 55% of the company for a total investment of $282M, a value of over $2 per share.
According to the company, the agreement specifies the following:
-- Siam Renewable Energy Group Ltd. will inject a total amount of USD
$282 million dollars for a total of 137.5 million restricted shares. The
first amount of 7.2 million dollars, subscribed as a convertible loan at $1
per share, will go towards the building and start-up of the first plant in
Canada, to insure ACMG will be able to meet its contractual obligations, as
well as the scale up engineering. The loan bares no interests and no
repayment modalities for twenty-four months but will be automatically
converted into 7.2 million shares baring a two-year restriction upon
completion of the Canadian plant, expected for end of August 2007.
-- Warrants are expected to be executed for each of the following four
years, in April 2008 7.2 million restricted shares at $1.50 per share, in
March 2009 7.2 million restricted shares at $3.50 per share, in February
2010 7.2 million restricted shares at $5 per share and in January 2011 7.2
million restricted shares at $10 per share, these amounts corresponding to
the cash input scheduled within the business plan for the projected
expansion of ACMG's ethanol production in South East Asia.
-- In addition, Siam Renewable Energy Group will complete the forecasted
financing of the ethanol facilities for a predetermined fixed amount of
shares. The agreement defines that in March 2008 Siam Renewable Energy
Group will return 17 million shares to Dr Cavasin from his shares held as
security and will invest USD $65 million dollars to receive 30 million
shares baring a two year restriction. In February 2009, Siam Renewable
Energy Group will return an additional 17 million shares to Dr Cavasin,
always from his shares held as security and invest USD $39 million dollars
to receive 25 million shares baring a two year restriction. In January
2010, Siam Renewable Energy Group will return an additional 17 million
shares to Dr Cavasin and invest USD $27 million dollars to receive 25
million shares baring a two year restriction. Upon completion of the third
plant and beginning of construction of the fourth ethanol facility,
foreseen for December 2010, Siam Renewable Energy Group will return 11.5
million shares to Dr. Cavasin from the remaining shares held as security
and the balance of 5.5 million shares will be transferred to Siam Renewable
Energy Group which will receive an additional 16 million shares baring a
two year restriction issued to them at that time.
-- With the singing of the agreement Dr. Cavasin's resignation as CEO of
ACMG and his new position at Siam Renewable Energy Group as COO and
Director of Operations becomes effective. The transition is expected no
later than by March 27th 2007. ACMG will be restructured according to a
most recent plan now being finalized and which will be announced shortly.
-- Following the four year expansion plan proposed by Siam Renewable
Energy Group, ACMG will be operating five plants in Canada and South East
Asia for which present management and shareholders in the float will hold
45% and Siam Renewable Energy Group will hold 55%.
-- A final clause added and approved by the two Boards of Directors
specifies that Siam Renewable Energy Group will acquire up to 30 million
shares in the open market to a maximum of $1.00 per share and said "buy
back" is to begin immediately.
-- The definitive agreement is schedule to close on or before May 7,
2007.
Siam Renewable Energy Group Ltd is an International Business Corporation formed by Private Investors who started different technology funds and venture capital groups active in the energy sector since the early nineties. The successful group will make the information for fund transfers available to ACMG shareholders through their lawyers. All relevant information will be available online at http://www.alcarchemicalsgroup.com/press-room.asp?sec=press_ shortly.
About Alcar Chemicals Group Inc.
The Alcar Chemicals Group (Other OTC:ACMG.PK - News) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorization for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents todays most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
This sounds pretty big. Thoughts on what this will do the share price beyond the 80%+ gain its already had today?
This certainly sounds like a no-brainer. Am I missing something?
After two days of fantastic news only to see a massive selloff, this thing is finally bouncing back. Apparently the CEO will address shareholders on 4/2/07 and discuss his plans to burn the nakeds.
More news.
Siam Renewable Energy Group Announces Dividend to Alcar Chemicals Group Stockholders
Friday March 23, 10:00 am ET
MONTREAL--(MARKET WIRE)--Mar 23, 2007 -- Alcar Chemicals Group Inc. (Other OTC:ACMG.PK - News) releases the news today that Siam Renewable Energy Group Ltd will issue a dividend to ACMG stockholders on record.
The company stated that, pursuant to the finalized acquisition, Siam Renewable Energy Group is now restructuring ACMG into two companies through the incorporation of ARTL, which will be taken public immediately. A dividend will be issued in the form of one per share to stockholders on record as of end of March.
According to the company one share in ARTL will be issued for every share held in ACMG for all registered shareholders verified as of March 30, 2007.
The company affirms that this new structure will enable it to make a serious difference and that it is glad to reward its long-term shareholders.
About Alcar Chemicals Group Inc.
The Alcar Chemicals Group (Other OTC:ACMG.PK - News) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorization for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods
"ACMG.PK" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;) ;D