SOYO Group Inc (SOYO)

[Renee]

SOYO SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.

https://www.sec.gov/litigation/suspensions/2019/34-85835.pdf

Order:

https://www.sec.gov/litigation/suspensions/2019/34-85835-o.pdf

[Dimsion]

Someone is dumping at a very slow pace, i just took the 47800@.0037 and another one came back on.

[DailyX]

Can this is return to trade again? I thought this was BK years ago?

[kranthikumar]

SOYO is up by 195%.

[TRAPPER JIM]

Looks like more crooks in pennyland Thanks for the post Renee.Im just surfin around looking for a new one to get into.Guess Ill keep looking.

[Renee]

SEC Filing re SOYO:

http://www.sec.gov/litigation/admin/2012/34-67767.pdf

[Renee]

SOYO Group: SEC ADMINISTRATIVE PROCEEDING
File No. 3-14674
______________________________

In the Matter of :
ORDER OF SUSPENSION PURSUANT
ERIC JON STRASSER, : TO RULE 102(e)(2) OF THE
COMMISSION’S RULES OF PRACTICE
Respondent. :

I.
The Securities and Exchange Commission (“Commission”) deems it appropriate to issue an order of forthwith suspension of Eric Jon Strasser (“Strasser”) pursuant to Rule 102(e)(2) of the Commission’s Rules of Practice [17 C.F.R. §200.102(e)(2)].1

The Commission finds that:

1. Strasser, age 47, is a resident of Las Vegas, Nevada. Between approximately 2005 and 2009, Strasser was a consultant to Soyo Group, Inc. (“Soyo”) who acted as its de facto controller in that he prepared Soyo’s periodic filings with the Commission and was a liaison between Soyo and its auditor. In the mid-1980s, Strasser worked as an auditor and passed the examination to become a certified public accountant, but he never obtained a license.

2. On April 22, 2011, an amended judgment of conviction was entered against Strasser in United States v. Strasser, No. 2:10-cr-00266-LDG-LRL-1, in the United States District Court for the District of Nevada, finding him guilty of one count of misprision of a felony under 18 U.S.C. §4.

3. As a result of this conviction, Strasser was sentenced to 5 years of probation and ordered to pay restitution in the amount of $190,000.

III.

In view of the foregoing, the Commission finds that Strasser has been convicted of a felony within the meaning of Rule 102(e)(2) of the Commission’s Rules of Practice.

Accordingly, it is ORDERED, that Eric Jon Strasser is forthwith suspended from appearing or practicing before the Commission pursuant to Rule 102(e)(2) of the Commission’s Rules of Practice.

By the Commission.
Elizabeth M. Murphy

http://www.sec.gov/litigation/admin/2011/34-66024.pdf

[Rajanromz]

mamas has a great pick On NOV 17, watch mamas also

[Rajanromz]

Keep watching Mamas also. going to something good today and tomorrow

[bestDeaL]

it's so silent in here..........

[bestDeaL]

hi! I'm new here. any old-timer who can give me info's here?

[CPTMatt]

RIP old friend. Thanks for all the $$$

[asus]

Wow. Looks like the corpse is kicking...

[timhyma]

nice, what do you think? I buyer for the company? maybe Honeywell going to take it over? I'm down big time on SOYO, but I'll be happy to get something out of it, lol.

[pj McMulligan]

SOYO 1 year chart:

[pj McMulligan]

SOYO up 177% today after the 50/100DMA breakout~ Anyone still around here? (My SOYO HDTV still working like new after 2 1/2 years btw :)

[pj McMulligan]

SOYO heads up~ action potential here after long lull...

[Bruce A Thompson]

SOYO filed Chap 7 and is out of business.

The warranty is gone. You are on your own.

[SOYO WHO]

I have a Soyo Flat screen not even a year old.Does anyone know if the warranty is still valid and where I could send it to to have it fixed under that warranty?It just died today.No picture sound ect.It won't even turn on.

[asus]

Mwave still has some SOYO monitors for sale at good prices too: http://www.mwave.com/mwave/SKUSearch_v3.asp?scriteria=BA31605

[02opida]

still watching

[Bruce A Thompson]

You do understand that chapter 7 is the end?

That the company is completely out of business. That the liabilities greatly exceed the assets. That the doors are closed. That the phones and website have been shut down. That all employees and officers have been terminated.

This is not a reorganization and the company will not rise from the ashes.

If you own any of the shares in your account when the bankruptcy court invalidates them, you will be out your entire investment.

Trading in these shares will be a game of musical chairs with a twist. When the music stops, All the chairs will be gone. There will be no chairs for anyone to sit in.

[02opida]

BK or BK ~ SOYO will contune to trade and will move up
for those who have it


just my humble op

:)

[02opida]

hi JW

[Bruce A Thompson]

Item 1.03 - Bankruptcy or Receivership.


Item 2.04 - Triggering Events That Accelerate or Increase a Direct Financial

Obligation or an Obligation under and Off-Balance Sheet Arrangement.



Item 4.01 - Changes in Registrant's Certifying Accountant.



Item 4.02 - Non-reliance on Previously Issued Financial Statements or a Related

Audit Report or Completed Interim Review.



Item 5.02 - Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On April 30, 2009, Vasquez & Company LLP ("Vasquez") resigned as the Company's auditors. Vasquez did not issue an audit report for the year ended 2008. During the audit for the year ended 2008, Vasquez had a disagreement or difference of opinion with employees and senior management of the Company because they significantly expanded the scope of their audit for further investigation going as far back as the year ended 2007 and interim quarterly periods ended in 2007.

In addition, Vasquez advised the Company that "our audit report for the year ended 2007 and our pre-issuance review procedures for the interim quarterly periods ended in 2007 and interim quarterly periods ended in 2008 should no longer be relied upon."

On May 5, 2008, the Company discontinued all operations and filed for Chapter 7 bankruptcy protection. The petition was filed in the United States Bankruptcy Court, Central District of California, Riverside Division, Case number 09-19355-RN. A Chapter 7 trustee has been appointed by the Bankruptcy Court to administer the Company's assets and liabilities.

The Company has defaulted on all loans owed to creditors, including loans in the approximate outstanding balances of $24,000,000 and $1,500,000 owed to United Commercial Bank, the Company's primary creditor. The Company has not paid interest or principal on the loans since March of 2009. Pursuant to the Company's stipulation to the application of UCB in the Superior Court, San Bernardino County, Case number KC055623, Kenneth Krasne has been appointed as receiver for those assets of the Company that constitute collateral for its loan from UCB, which collateral includes almost all of the Company's accounts receivables and inventory, and equipment.

On May 10, 2009, the Company accepted the resignation of Nancy Chu as the Company's Chief Financial Officer and a member of the Board of Directors.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOYO GROUP, INC.


http://ih.advfn.com/p.php?pid=nmona&cb=1244289587&article=37780210&symbol=NO^SOYO

[Bruce A Thompson]

Chapter 7. Ceased Operations. CEO resigns

http://www.google.com/search?hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&hs=Rsu&q=soyo+bankruptcy&btnG=Search&aq=f&oq=&aqi=

[stock_diver]

DEAD CAT Bounce Watch ... Hmmm? :}

[Bruce A Thompson]

Filed Chap 7

[asus]

Bankrupt.

[rbl100]

What happened to this? Last time I heard this company was going to the moon! PPS was over a $1.00 last time I looked at it????? So glad I did not even by a single share....

[OldPro]

thanks again - got the...

new SOYO remote and it works great. TV still working great - too bad the company wasn't able to weather the storm.

[koolmc]

bounce play plus bk companies are hot right now for traders

[mkinhaw]

Wonder why this is holding up
MK

[Bruce A Thompson]

I came out OK

I got out a long time ago. That Ebay seller has excellent ratings and appears not to be SOYO. Look at his sales: http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=tx3399&&ftab=FeedbackAsSeller&iid=160336238680&sspagename=VIP:feedback:2:us

[OldPro]

Thanks Bruce - never thought...

of using the TV as a computer monitor - not a bad last resort. May try the ebay route - risky though since looks like it's still ordering from the company.

Hope you came out alright on this.

[Bruce A Thompson]

You got one choice here

Need a huge computer monitor?

or you could try Ebay: http://cgi.ebay.com/SOYO-Universal-Remote-Control-w-Code-Library-Brand-New_W0QQcmdZViewItemQQ_trkparmsZ72Q3a2067Q7c66Q3a2Q7c65Q3a12Q7c39Q3a1Q7c240Q3a1318Q7c301Q3a1Q7c293Q3a1Q7c294Q3a50QQ_trksidZp3286Q2ec0Q2em14QQhashZitem2554c8d858QQitemZ160336238680QQptZLHQ5fDefaultDomainQ5f0QQsalenotsupported

[OldPro]

company bankrupt and I need a new remote...

for my SOYO TV. Old remote quite working. Can't get ahold of the company. Universal remotes don't work since the extremely few that have a SOYO code don't have a code for my particular TV. Switching channels manually is a pain. Learning remotes need to learn from an existing remote that works. Anyone have an idea on how I get a remote that works???

TV works great and was always happy with the purchase - but I got of this company a long time ago when the PRs and the financials statements didn't match up - as well as a few contentious e-mails with the CFO in which he basically told me how much smarter than me he was. At one time, it was my favorite stock and thought it was destined for greatness - not the junkyard which is where it ended up.

[asus]

[ToyotaMR2s]

thanks mk....chpt. 7 too...liquidation.still think this is good for a bounce of some kind?

[mkinhaw]

Well, here it is finally

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6613772

MK

[mkinhaw]

No, just s/h posting they
received info in the mail from co
MK

[ToyotaMR2s]

any links for this?...

[timhyma]

fwiw, I got a Chapter 7 filing notice in the snail mail yesterday (actually two, because I had the stock in two accounts).

[koolmc]

soyo it was promising but just died away that's life in pos land

[RIGATONI]

Yes, was a risky play, i stayed away. Shame ~Rig

[mkinhaw]

SOYO ch7 filed
aparently some pple got notice in the mail
no filing yet
so sad
been watching to get in, lucky I didn t
MK

[mkinhaw]

Yes, they should have put out a filing
guess they don t care since its ch7
so sad
7 isn t any good though, 11 would have been better
MK

[EZ2]

"ditto" on Chapter 7 filing.....just to give everyone a heads-up on notice recd. in the mail!!

I'm curious though.....anyone know.....I thought the company
had to put out an official SEC filing notice prior to MAILING any statements out in U.S.Mail ----- are they not bound by the need to "let everyone have access to info at the same time" ---- theoretically ?

GLTA !!! << major ouchie for EZ >>

[carlzhouse]

Just got my notice in the US mail of Chapter 7 today..Carl

[stockhawk1]

I cant find anything on it.