Email reply from Alexander Cavasin, in response to my previously posted email. No more information really, but I like the tone of his reply, and what appears to me to be sincerity, integrity and honesty.
My original email to him:
Dear Dr. Cavasin,
I am the moderator of an online stock forum dedicated to ACMG, and as such I have the opportunity to observe the issues which shareholders care most deeply about. I realize you are quite busy with the upcoming acquisition transaction, as well as pursuing licensee deals, so I will try not to take up too much of your time. I would like to share with you some concerns shareholders would most like to hear more information about.
1. The Siam Renewable Energy Group. They are a complete and utter mystery to us. If we "Google" that name, absolutely nothing comes up, other than your press releases. Can any more background information be shared about them? Anything about its members, or other holdings, that would give shareholders more confidence that they actually exist, and that their agenda is a friendly one, would be GREATLY appreciated. There is no information obtainable online which gives us even a hint about them, and as you are well aware, the market punishes uncertainty.
2. Dilution. The recent 80% drop in share price was caused by selling. Can you state for us that the share structure mentioned in your online business plan is still accurate in regards to float and shares outstanding?
3. Auditted financials. Going back months now, in PR's and in CEO update letters, we have been told that auditted financials are being prepared, in order to facilitate a move up to the OTCBB exchange. Can you give us the status of these reports and when we can expect them to be filed?
4. Licensee negotiations. We anxiously await the outcome of your talks with Bajaj Hindustan and A&G Group regarding evaluation of your technology for their needs. In a PR announcing your collaboration with BHL, you mentioned that you expect a licensing deal to be worked out with them by June or July of this year. Do you still feel that a long term license deal with them is imminent? Does your previously stated timeframe still apply? Are there other licensee prospects you can talk about?
These are the major thrusts of our online discussions, with the identity/reality of the Siam group being far and away the largest concern. The unregulated nature of pink sheet market, as opposed to more transparent markets, always biases shareholders toward mistrust and doubt. If you can do one thing for shareholders, I would urge you to please give us more information about your acquiring partner, the Siam Renewable Energy Group, Ltd.
Thanks in advance for your time and attention. I would appreciate a return email, even if it is to tell me you cannot say any more on these items. I will gladly disseminate any information given, if you'd like to our public forum. I hope to hear from you soon, and look forward to any additional insight you can lend us.
Regards,
XXXXXXX XXXX
His response:
Dear Mr XXXXXXXXXXXX,
I will try to enumerate and address your questions as I best can:
1. Siam Renewable Energy Group Ltd is a private company created by the investing consortium. Their wish to remain private is well understood as I have personally experienced what it means to be flooded by literally thousand of calls asking the same questions. A-M Polymers as one of our customers has gone through a similar exercise when we first made their coordinates public. I understand the uncertainty the pinksheet atmosphere creates and I am as forthcoming as possible with information to our shareholders, however, I do have to respect the privacy of partners and customers, especially when expressly demanded. The signing of a final agreement is imminent and people will be able to see what the company is all about.
2. We have not diluted and the information is accurate. We did however find out through some contacts that heavy naked shorting of our stock has occurred and we are still listed as such. I personally feel that this problem should resolve itself shortly as the impending news of completion for our financing will certainly mark the beginning for the winds of change, all I can say is: “if you’re short beware, news on our financing are imminent”.
3. These should be ready shortly…unfortunately we have been running into some major hurdles as the so called “clean shell” we acquired had some inconsistencies, however, I have been reassured that these should be resolved shortly.
4. We are on track with our licensing negotiations with BHL and are in continuing talks with companies such M&G Group and some others. Details will be released as concrete developments occur, such as with BHL. We are expecting to be able to release a joint statement with BHL to clarify the misunderstanding before weeks end.
I do apologize for not being in the position of handing more information than what we have already made public about our partners. Truth is, we weren’t even supposed to disclose their identity prior to the signing of an agreement and I did somehow force their hand in letting us publish their name. I have to respect their claim to privacy…especially considering that under normal circumstances they would not have, ever, entered a business proposition with a piksheet company. ACMG being an exception is reason enough to respect their wish for privacy.
To be honest and blatantly frank with you, I would never again take a project public through a reverse merger with a pinksheet shell. The time and money initially saved do not justify the additional costs and time consuming hurdles encountered later on. It has been quite an experience to bring this project to this point where we can now state: “we’re finally there, and still on track” … a miracle really, because we embarked onto the pinksheet path.
Sincerely,
Alexander P. Cavasin
CEO
alex@alcarchemicalsgroup.com
Who is this Time Being, and why are we always doing things for it?
