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Syntax-Brillian (fka BRLCQ)

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Last Post: 8/7/2009 1:41:57 AM - Followers: 11 - Board type: Free - Posts Today: 0

SEC Filings: http://phx.corporate-ir.net/phoenix.zhtml?c=146224&p=irol-sec

Chapter 11: 8-K for SYNTAX-BRILLIAN CORP

8-Jul-2008


Item 1.01. Entry into a Material Definitive Agreement.

On July 7, 2008, we and two of our wholly owned subsidiaries, Syntax Groups Corporation and Syntax-Brillian SPE, Inc., entered into an asset purchase agreement with Olevia International Group, LLC, an affiliate of TCV Group, one of our original partners for industrial and mechanical design and a current provider of plastic injection molded parts for our Olevia-branded high-definition LCD televisions. Under the terms of the asset purchase agreement, Olevia International Group, LLC will assume $60.0 million of our secured debt in exchange for the purchased assets. The asset purchase agreement is subject to the approval of the United States Bankruptcy Court for the District of Delaware in connection with the filing of our voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code as more fully described in Item 1.03 of this Current Report on Form 8-K.
The description of the material terms of the asset purchase agreement, attached hereto as Exhibit 10.85 and incorporated herein by reference as if set forth in full, does not purport to be complete and is qualified in its entirety by reference to such exhibit.


Item 1.03. Bankruptcy or Receivership.

On July 8, 2008, we and two of our wholly owned subsidiaries, Syntax Groups Corporation and Syntax-Brillian SPE, Inc., filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. We will continue to operate our business and manage our properties as debtors-in-possession under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code.
A copy of the press release relating to the foregoing is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Board of Directors
Effective June 30, 2008, Vincent F. Sollitto, Jr., James Ching Hua Li, Bruce Berkoff, David Chavoustie, Yasushi Chikagami, and Max Fang resigned as directors of our Company.

Refernece: http://biz.yahoo.com/e/080708/brlc8-k.html


           
PostSubject
#351   here it is 1 year later at less The Night Stalker 08/07/09 01:41:57 AM
#350   this hasnt ran in ages The Night Stalker 08/07/09 01:39:49 AM
#349   http://www.thepetitionsite.com/1/block-syntax-brillian-brlc-chapter-11-filing-by PickingGrass 07/31/08 11:04:33 AM
#348   LOL, Thx, I was only in short term wesley_ 07/18/08 01:18:03 PM
#347   LOL congrats :) Soapy Bubbles 07/18/08 12:41:41 PM
#346   2x22 1x23 bid, lol, my bundle is ready wesley_ 07/18/08 12:35:45 PM
#345   wauw! solid bid at .02 can't stop this wesley_ 07/18/08 12:31:19 PM
#344   nice gains (+50%) bought in at 13 :-) wesley_ 07/18/08 12:27:48 PM
#343   WTF didnt expect that Obi-Wan Kenobi 2 07/08/08 07:42:50 PM
#342   Save your BRLC shares just like you're saving aharfo56 07/08/08 04:25:24 PM
#341   Well. Crapola... Thanks BHS... Damn it. Soapy Bubbles 07/08/08 01:06:16 PM
#340   I sold this morning. I think I read HarveyinFL 07/08/08 10:38:26 AM
#339   Common Shareholders get nothing in this Bankruptcy. Duffau 07/08/08 09:23:08 AM
#338   BRLC at .06? Oh Shit! MWM 07/08/08 08:51:17 AM
#337   Syntax-Brillian Announces Asset Purchase Agreement, Files Voluntary Petition Bull Trader 07/08/08 06:55:00 AM
#336   still baffled that BRLC trades at these levels Obi-Wan Kenobi 2 07/08/08 02:07:58 AM
#335   We're off SHO, but CINN is still there Soapy Bubbles 07/07/08 06:24:35 PM
#334   Yep, I'm watching and waiting on this one...sad aharfo56 07/07/08 02:53:22 PM
#333   Not much... CINN is still churning the stock, Soapy Bubbles 07/02/08 12:12:19 AM
#332   What happened here since getting off the SHO? My 2 Cents 07/01/08 11:57:35 PM
#330   WE'RE OFF THE SHO LIST! Soapy Bubbles 06/21/08 01:52:29 AM
#329   CINN is out of help -- now the Soapy Bubbles 06/19/08 03:12:38 PM
#328   Agreed... if we can squeeze our way there, Soapy Bubbles 06/19/08 02:56:14 PM
#327   Be nice to see us back over $1... MWM 06/19/08 02:54:36 PM
#326   We made a good play here... this squeeze Soapy Bubbles 06/19/08 02:53:51 PM
#325   Yep testing .65 now! MWM 06/19/08 02:42:06 PM
#324   It's looking good... we called that bottom! Soapy Bubbles 06/19/08 02:41:35 PM
#323   Well, I have to admit, this is volatile... Soapy Bubbles 06/19/08 01:39:39 PM
#322   I'm hoping for a big squeeze... MWM 06/19/08 09:31:25 AM
#321   Bought in here on Tues. Looks like FLYTYER 06/19/08 09:30:33 AM
#320   I think we're starting to clean up :) Soapy Bubbles 06/19/08 09:28:00 AM
#319   .63 X .64 MWM 06/19/08 09:27:02 AM
#318   Beacon has trading notes on BRLC -- check Soapy Bubbles 06/19/08 09:23:25 AM
#317   Slow but good... Squeeze that CINN shorting bastard. Soapy Bubbles 06/17/08 03:45:57 PM
#316   It's a slow squeeze, fine with me... I'll Soapy Bubbles 06/17/08 03:33:21 PM
#315   .57! MWM 06/17/08 03:08:07 PM
#314   I think the squeeze is starting... Soapy Bubbles 06/17/08 03:07:51 PM
#313   Despite all the churning w/ CINN covering, I Soapy Bubbles 06/17/08 01:19:15 PM
#312   .50 holding! MWM 06/17/08 01:16:12 PM
#311   Well, we're green today... so we must be close. Soapy Bubbles 06/17/08 01:15:28 PM
#310   Got to be a bottom somewhere... MWM 06/17/08 09:27:16 AM
#309   Well, you have to make you own choice, Soapy Bubbles 06/16/08 12:12:49 PM
#308   Does anyone really think that BRLC is in aharfo56 06/16/08 12:09:00 PM
#307   Looks like we wait... Soapy Bubbles 06/12/08 12:03:18 PM
#306   Well, SHO got the SEC's attention now! Soapy Bubbles 06/11/08 01:44:03 PM
#305   Definetly looks like a bottom... MWM 06/11/08 01:17:52 PM
#304   It'll be slow as we work out the Soapy Bubbles 06/11/08 01:13:51 PM
#303   Man, I hope this stock goes up but aharfo56 06/11/08 10:13:04 AM
#302   Chart is trying to come off the bottom... MWM 06/11/08 10:00:32 AM
#301   SRS Labs Partners With Syntax-Brillian to Bring 5.1 Soapy Bubbles 06/11/08 09:40:27 AM
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