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Re: saj post# 294532

Friday, 04/29/2016 12:10:08 PM

Friday, April 29, 2016 12:10:08 PM

Post# of 316361
Yeah... they put out a PR about selling some assets to pay off debt and suing a newswire for writing they were in BK talks.


http://ih.advfn.com/p.php?pid=nmona&article=71284736


On April 26, 2016, the Company and Mr. Michael Bodouroglou, the Company's Chairman, President, Chief Executive Officer and Interim Chief Financial Officer, filed a law suit against Tradewinds and their financial reporter, Mr. Joe Brady Stamford for defamation damages. In particular on February 18, 2016, Tradewinds reported that the Company had obtained its Board of Directors approval for filing bankruptcy under Chapter 11. The Company and its Board of Directors declared that the above statement was totally untrue. The Company believes that such false statements had a negative impact on the Company, its reputation and stock price. The lawsuit was submitted before the Prosecutor of the Criminal Court of Athens.


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