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Wow. Something bad happened. Ruling news?
EDIT: Well fudge. Case dismissed in its entirety. Game over, man.
I wonder what happened to the dismissal ruling. It's past due now.
Fraudulent Toxic Funders Jefferson Street Capital LLC is in this company and they illegally naked short sell stock before converting their toxic note.
Jefferson Street Capital LLC and Armada Capital Partners, LLC are secretly controlled by convicted serial fraudster Joseph C. Canouse (see Hyperdynamics fraud lawsuit (HYPERDYNAMICS CORPORATION v. SOUTHRIDGE CAPITAL MANAGEMENT LLC) which was later successfully prosecuted by the SEC. Also see EXPU (which became HIPH) scam.
https://www.ripoffreport.com/report/jefferson-street-capital-llc/rew-conspiracy-commit-fraud-1491696
Brian Goldberg of Jefferson Street Capital LLC and Gabriel Berkowitz and Andrew Avitan of Armada Capital Partners, LLC who are controlled by Joseph C. Canouse, conspire to illegally manipulate the price of stocks and illegally naked short stocks. If you see both of these funds in a deal, establish a short position in the company as the price of the stock is sure to death spiral from their illegal naked shorting and toxic death spiral converts. Joseph C. Canouse is the brains behind the operations and uses Brian Goldberg who is a young kid as a front man and public face of Jefferson Street Capital LLC and also recruited Gabriel Berkowitz and Andrew Avitan of Armada Capital Partners, LLC to help illegally naked short and conceal Joseph Canouse’s involvement as the criminal mastermind behind the operation.
The real control person for Jefferson Street Capital is Joseph Canouse which has been hidden but they made a mistake and it can be found in the Quarterly Report of Harrison, Vickers & Waterman, Inc. for the 3 months ended December 31, 2018. This can be found on the otcmarkets website. Jefferson Street Capital did a toxic death spiral and illegally shorted with the help of Gabriel Berkowitz and Andrew Avitan of Armada Capital Partners, LLC the stock of Harrison, Vickers & Waterman, Inc. and their stock price is now .0001 and the company has gone dark with a stop sign.
With Hyperdynamics scam Steve Hicks and Joe Canouse conspired to engage in fraud and market manipulation involving toxic convertible financing transactions with companies seeking private placement investors. They entered into toxic convertible financing agreements with the then-present intent to surreptitiously use short sales and naked short sales to manipulate the value of the company's stock by driving the price downward, and to then acquire a majority position in the company upon the conversion of the investor's unlawful toxic convertible financing.
Joseph C. Canouse is now fraudulently inducing companies into the predatory investment scheme, by using Brian Goldberg of Jefferson Street Capital LLC and Gabriel Berkowitz and Andrew Avitan of Armada Capital Partners, LLC as front men for his fraudulent scheme.
Hyperdynamics showed how the defendants knowingly, willfully and deliberately coordinated their alleged illegal selling tactics in an effort to manipulate the market for Hyperdynamics securities and maximize their profits, and that they were motivated by an intent and desire to own a majority of Hyperdynamics common shares of stock and take over control of Hyperdynamics. Prior to that happening, Hyperdynamics suspended all conversion requests made by the Defendants of their preferred stock into common stock.
In theory, a decision on the HR motion to dismiss is due any day now.
I haven't been paying much attention to this over the last few weeks. So did I miss the announcement on whether the motion to dismiss was ever decided? It's been a while now.
Great the Corona virus has its ground zero in Wuhan China isn't that where the offices of YRIV located?
How about that flex earlier today? GOOD THINGS COMING!!! :)
They have 3 months to find more John doe's before trial going forward.
Seems like the decision for dismissal is taking longer than expected.
Yriv: anyone know what’s next here? Thanks
Within 90 days/early 2020 we will most likely get the definitive answer that all are seeking.
Does anyone have a # or email for IR on this POS so I can write them? TIA
You still in this POS?
Any news on court date? Target to see $5 - $11 per share. Has institutional holders, insiders not selling. GOOD THINGS COMING!
Yes, all the gifs! At least it's entertainment, lol. Just wish people didn't curse and insult each other so much, haha!
stockwits is a damm madhouse omg,,,, ibio board is crazy..................
Big holder dumped 89K shares in the first minute of trading triggering all kids of stop losses. It's all over Stocktwits, LOL!!
Interesting drop this morning. Did someone get an early peek at some news?
NASDAQ review board reaffirmed their decision to delist. No update on the court stuff though.
I forgot that I own this stock...Any one have any update?
Yeah, not much to it...GL
No news there..just about same PR in 9/4 about same thing..probably HR associate sent an email to a friend in this law firm!
News - Bragar Eagel & Squire is Investigating Certain Officers and Directors of TrueCar, Verb, Yangtze River, and YRC Worldwide and Encourages Investors to Contact the Firm
Whole Article Link:
http://www.globenewswire.com/news-release/2019/10/09/1927029/0/en/Bragar-Eagel-Squire-is-Investigating-Certain-Officers-and-Directors-of-TrueCar-Verb-Yangtze-River-and-YRC-Worldwide-and-Encourages-Investors-to-Contact-the-Firm.html
October 08, 2019 20:28 ET | Source: Bragar Eagel & Squire
NEW YORK, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire is investigating certain officers and directors of TrueCar, Inc. (NASDAQ: TRUE), Verb Technology Company, Inc. (NASDAQ: VERB), Yangtze River Port and Logistics Limited (Other OTC: YRIV), and YRC Worldwide, Inc. (NASDAQ: YRCW) on behalf of long-term stockholders. More information about each potential case can be found at the link provided.
Yangtze River Port and Logistics Limited (Other OTC: YRIV)
Bragar Eagel & Squire is investigating certain officers and directors of Yangtze River Port and Logistics Limited following a class action complaint that was filed against Yangtze River on January 2, 2019.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Yangtze’s purported lease of the Wuhan Yangtze River Newport Logistics Center, the company’s main asset, was a fabrication; (2) Yangtze’s only operating subsidiary, Wuhan Yangtze River Newport Logistics Co., Ltd., was declared insolvent in China due to a number of default judgments against it; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
For more information on our investigation into Yangtze River go to: https://bespc.com/Yriv-2
The deal as I see it is since HR was shorting the stock and then published their "opinions", they clearly intended to damage the company for profit. It shows HR had a premeditated plan and a major conflict of interest at work. If they just posted "We think YRIV sucks" without any financial conflicts (and actually did some honest research), they might have a leg to stand on in this suit. But that's not what happened. The threshold for defamation is pretty high. But I think YRIV can and will meet it.
Yeah, pretty much my thought.
If that’s the case YRIV would win lawsuit hands down..from reading hear HR had a defense that it was an “opinion” that is not FACT! Their “opinion” crashed this stock and they should be held accountable!! I would think YRIV just as to disprove there “opinion” and they win!
I think assets are at the heart of the lawsuit, HR claimed YRIV overstated their assets or didnt have any or something like that.
Question..forget lawsuit..Why isn’t PPS reflected on assets owned by YRIV? Seems everyone here is concerned about lawsuit with HR..last I heard YRIV is a viable business with assets that are well above market cap!!
$$$$$ gimme gimme!
OK, I read through the comments. Short version is that there is no decision yet on the dismissal. It will come in a few weeks. HR's defense is that they were offering "opinions" rather than actual facts and therefore cannot be sued for defamation. I would disagree with that. I don't recall the exact statute, but SEC rules prohibit smearing a company's reputation to manipulate its share price which is pretty clear that's what HR intended to do.
Person from another website claims to have attended the hearing and was updating the board there. https://stocktwits.com/NewYorkStress
Lest time I checked, there was no decision.
If there was gonna be another delay it would have happened by now. No dismissal this is going to trial. It might take a while but we will see green.
That may be true but at least the judge isn't going to simply dismiss the case. Now we can move on to discovery and prove our assets are real..
I'm wondering how this will affect the dismissal motion. Seems the court feels this is still a viable case.
LOL this can go on for years LOL
Very much a lotto play at this point. If the dismissal goes against YRIV, then look out below. If there's another postponement, I would expect it to drop as well. The only winning decision is if the dismissal motion is thrown out. You never know for sure when a court decision is in play.
this could turn even uglier than it is now... the people who got in big while it was in the 20's still have a little room to breathe. lol
I think date will be delayed again.
I don't think it will get dismissed no way. I think after Monday we will be over a Dollar. By Friday FOMO will start to set in and people will start to load up.
yes,,, oh i forgot about that dismissal part.. omg
That's fine we just need to know whether or not case gets dismissed. That's the short term play here..
that mess can drag on for years possibly..
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