InfoSmart Group Inc (fka IFSG)

[operating_line]

More facts:

A "conservative" PPS estimate of 0.42 in 2007 and the article/other filings suggests management are majority holders of the shares:
http://www.investorideas.com/Research/PDFs/Griffen%20Rose%20Initial%20Report%2002-07-07.pdf

or another fair value estimate above 1.00:
http://www.b2i.cc/Document/1406/IFSG-factsheet.pdf

Complex share transactions in 2007 leading up to these pubications:
http://www.nasdaq.com/markets/spos/filing.ashx?filingid=4885634
(includes detail on liquidation scenario)

Strategic partnership in Brazil announced in 2008:
http://www.marketwired.com/press-release/infosmart-group-announces-10-year-exclusive-strategic-partnership-with-abomem-814597.htm

I think there was a big share sale (e.g. 10million shares by the CFO) but cannot see the 8K now. This is after debt was being "managed" with Offshore Opportunity Fund and before they all started resigning at the end of 2009.

A new website appeared briefly for Infoscience Media in Hong Kong (linked to the Discobras subsidiary website), showcasing new Blu Ray manufacturing. Then suddenly, game over after years of preparations and anticipation. No periodic filings since announcement and deregistration of shares last year while legal process apparently ongoing in Hong Kong. Shareholders are aligned with management in this due to their major positions.