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Technology Stocks : ACII - AmeriChip International, Inc

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From: BarclayDonaldson3/20/2008 11:54:06 AM
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It's obvious ACII has a serious credibility issue. The most pressing issue I see is: what exactly is LACC doing for the company? The investing community clearly doesn't know because the company will not tell. Is it that they are keeping quiet because the LACC process is not generating revenues and all the "success" is coming from KSI? Or do the clients really not want specific info released? We are only left to speculate and the most popular opinion right now is that LACC is a bust.

IF LACC is starting to bring in revenue, I think Marc should open up the shop one day and show parts being produced using LACC. Until then, the company will continue to lack credibility among the investing community (unless they issue a PR stating a specific piece of work is LACC).

Another BLACK EYE on the credibility front I haven't seen mentioned here is the sudden change in policy of announcing revenue figures in PRs. Remember back when the GM and Ford PO's were announced? IR stated their policy would be to release revenue figures in SEC Filings, they would not put that info in PRs. It's now apparent they did not state $$$ figures back then because they were PPAP and not much money was involved. Now we have a PR with the length of the contract and the $$$ figures. It all but mentions the name of the company, the description came right from a web site about the company (Cat). Why the sudden change? It did not help that the PR made no specific mention of what type of work was being performed, KSI type work or LACC.

They need to do something to improve their image. Unless, of course, LACC really is a bust. Then there is nothing they can do but continue to talk about potential (e.g. yesterday's oil pipe PR).
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