posted
I'm still here with 10k shares. let see a run. I've been playing WHKA this morning though
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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ACMG -- Alcar Chemicals Group, Inc. (The) Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Alcar Chemicals Group Inc. Announces Details of Acquisition Offer by the South East Asia Consortium, Named Siam Renewable Energy Group Ltd.
MONTREAL, Feb 22, 2007 (MARKET WIRE via COMTEX) -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today the details contained in the Letter of Intent for the acquisition of a controlling interest by Siam Renewable Energy Group Ltd, signed in Thailand by the companies on February 16, 2007. According to the company, the LOI contains the finalized terms and conditions for the gradual acquisition of 55% of the company by Siam Renewable Energy Group Ltd. in exchange for the investment required to build the company's initial polyol plant in Canada to fulfill its existing $160 million contractual commitments and to implement a minimum of four full scale ethanol plants with a projected capacity of 1M gal per day each.
The LOI includes milestones involving the investment, disbursements of funds, construction of the plants as well as provisions for the return to Dr Cavasin of his shares now held in escrow and the coinciding issuance of restricted shares to Siam Renewable Energy Group Ltd.
The company stated that the agreement specifies an initial investment by Siam Renewable Energy Group Ltd of $7.2 million dollars to complete the company's Canadian plant and scale up engineering.
The initial investment will be made in the form of a convertible loan, which can be converted at a price of $1.00 per share for a total of 7.2 million shares carrying a two year restriction. Under the convertible loan, no payment on principal and or interest will be required for a period of 24 months and the loan will automatically convert upon the completion of the Canadian plant and scale up engineering.
In addition, Siam Renewable Energy Group Ltd. is granted 7.2 million purchase warrants on each of the four following years for which the exercise prices are shown in the table below. Siam Renewable Energy Group Ltd will receive Dr Cavasin's 68 million shares now placed in escrow as security to the convertible loan and said shares will be returned to him over the next four year period as milestones towards the implementation of the four ethanol plants are met.
The total investment planned as per the letter of intent is $282 million, which includes the financing of the first of four ethanol plants to be constructed by Alcar.
The issuance of a proportional amount of restricted shares to Siam Renewable Energy Group Ltd will reflect the final structure under which Siam Renewable Energy Group Ltd will own 55% of the company's outstanding shares, which will coincide with each milestone related to the release of Dr Cavasin's shares.
The following table demonstrates how the overall value of $2.05 per share is calculated with the structure agreed upon under this agreement.
Present 2008 2009 2010 2011 PPS paid (investment + warrants) $1 $1.5 $3.5 $5 $10 Total Net Projected Investment $282M Total amount of shares acquired 36M shares Total amount of shares to be issued 101.5M shares Final share count held by investor 137.5M shares Overall consideration paid per share $2.05 Supporting calculus 282/137.5=2.05
Table: Projected investment structure and value. The company anticipates the initial trench of investment funds will shortly be placed in escrow and that a definite agreement reflecting the terms and conditions outlined in the LOI will be signed within the next few weeks.
About Siam Renewable Energy Group Ltd.
The Siam Renewable Energy Group Ltd. is a privately owned corporation formed by an environmentally conscious consortium of technology funds, private investors and venture capitalists to implement renewable solutions across South East Asia by filling the constantly increasing demand for energy with environmentally sound technologies such as the one offered by Alcar.
About The Alcar 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) 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.
Investor Contact: Steven Sung IR*alcarchemicalsgroup.com
SOURCE: Alcar Chemicals Group
CONTACT: mailto:IR*alcarchemicalsgroup.com
Copyright 2007 Market Wire, All rights reserved.
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SUBJECT CODE: Energy and Utilities:Oil and Gas Chemicals:Plastics
posted
Hard to believe that this was .185 five days ago. I guess its going back to .02 (its 52 wk low)
Posts: 806 | From: CT | Registered: Dec 2005
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posted
I don'y understand why anyone would be selling which leave dilution as the other answer to this fall. However, they are purchasing 55% of the stock so wouldn't that leave a limited amount of shares to trade?
Posts: 806 | From: CT | Registered: Dec 2005
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Alcar Chemicals Group Reaches Important Milestone With a Consolidated Contract Worth $160 Million USD Monday February 26, 10:19 am ET
MONTREAL--(MARKET WIRE)--Feb 26, 2007 -- Alcar Chemicals Group Inc. (Other OTC:ACMG.PK - News) announces today that it has reached an important milestone by consolidating the two contracts with A-M Polymers into a single contract worth $160M over a five year period and automatically renewable. ADVERTISEMENT
The company stated that Alcar Chemicals Group has reviewed its two contracts with A-M polymers for raw materials and licensing of its polymer formulation technology and consolidated these into one single contract worth $160 million USD or $32 million USD dollars per annum for a period of five years. According to the company the contract outlines a new delivery schedule starting in September of the current year.
"A-M Polymers is presently building their first resin manufacturing plant which will be ready in August. We are very pleased with the signed contract and are highly confident that we will be able to meet the newly established delivery schedule," said Dr. Cavasin, CEO of Alcar Chemicals Group. "With the cash injection guaranteed by Siam Renewable Energy Group Ltd., which we expect to be finalized very shortly, our initial plant will remain on schedule and we will be able to fulfil our contractual obligations," further added Dr Cavasin.
The company recently announced the signing of a letter of intent with the Siam Renewable Energy Group Ltd., a South East Asia Consortium for the acquisition of a controlling interest of the company with a total investment of $282 million USD, which includes an immediate funding of $7.2 million to complete the Canadian plant and the required scale-up engineering.
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 IR*alcarchemicalsgroup.com
posted
I said it once and I will say it again I don't understand this stock. Why won't it GO UP??
Posts: 806 | From: CT | Registered: Dec 2005
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posted
Alcar Chemicals Group Releases Financial Projections Highlighting Over USD 1.4 Billion in Revenues Within Five Years
MONTREAL, Feb 28, 2007 (MARKET WIRE via COMTEX) -- Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) has now released its revised financial projections. The company stated that it has released its updated financial projections available with the revised business plan, downloadable through the company's website. The new pro-forma financials outline the projected future performance, expected to reach nearly one and a half billion dollars in yearly revenues by 2011, made possible through the injection of 282 million dollars by Siam Renewable Energy Group, which is acquiring 55% of the company. The website also contains a thorough update of the company's FAQ section. Shareholders are encouraged to visit the updated website and examine the presented information, designed to answer all relevant questions.
Siam Renewable Energy Group has released an initial amount for engineering prior to the signing of a definite agreement to accelerate the maximizing of process efficiency towards the use of by-products from sugar manufacturing as feedstock. The optimization targets Bajaj Hindusthan and M&G Group, both corporations manufacturing from sugar cane and with whom the company envisions long term licensing agreements.
"With the funds now in escrow and a definite agreement to be signed on or before March 21st 2007, we have taken the proverbial bull by the horns and have assigned the contracts for the construction of four reactors," said Dr Cavasin. "Only three reactors were planned, but an additional reactor will initially be used to prove the viability and economics of our process when used for ethanol synthesis and will later be switched to polyols production to insure the quantities of our contractual obligations will be met without delays," further added Dr Cavasin. The company stated that, after some unforeseen delays have slowed the auditing process, its audited financials will be finalized and made available very shortly. The company expects to be in the position to apply for and advance to the NASD OTCBB and or NASDAQ Small Cap within the current year.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
Good news seems to make this stock go down haha. Maybe we should push for bad news.
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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posted
unbelievable. I guess they will plunge this to nothing do a reverse split and fck us in the azz.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
It broke the 50 day moving average but seemed to resist gravitating to the 200 day moving average (.05) so it may pop tomorrow. look for a white candle and then jump in.. that is what I am going to do anyway.
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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