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Still reminding folks that the court docket for this case is still
I failed to see this couple of weeks ago:
Renewable Energy and Power, Inc. Completes Restructuring and Secures New Funding
NORTH LAS VEGAS, NV -- (Marketwired) -- 03/29/17 -- Renewable Energy and Power, Inc. (OTC PINK: RBNW), a diversified corporation with markets in energy-saving technologies of both solar and wind energy, and LED lighting, is pleased to announce that the Company has completed a significant capital restructuring, brought its financial filings current, and is now prepared to move the company forward.
In conjunction with the restructuring, the company is also pleased to announce it has obtained commitments from an institutional investor for new equity capital.
In the past, RBNW's inefficient inventory procurement limitations have yielded unacceptable gross profits. The ability to order and stock large inventories in advance should greatly improve gross margins.
"The company is pleased that this new funding will allow RBNW to stock more inventory in its distribution centers nationwide to meet the needs of its customers on a timely basis," said CEO Donald MacIntyre. "The Company will also be increasing its dedicated sales force with the new funding. Installation and on-going maintenance at the lowest possible price gives our customers the easiest, most effective means for upgrading their lighting and power needs. Altogether, the changes will lower costs and increase profit margins."
Renewable Energy and Power, Inc.'s website, www.reappower.com, illustrates the important services and products Renewable Energy and Power, Inc. (RBNW) provides to the Green Energy market to make it competitive with fossil fuels by employing proprietary new technologies in combination with existing solar and wind-power electric generation and LED lighting. RBNW functions in both domestic and international markets that are in vigorous growth stages with long-term prospects. Federal and state legislation in the United States, including many tax incentives, are driving businesses and consumers to replace older technologies with the new solar and LED alternatives offered by RBNW.
http://www.otcmarkets.com/stock/RBNW/news
Cirtran still has 10 days to explain the issue that they have been tied up in court for an extended period of time. This may force all parties, including the judge to get it over with. IMO
Lot of activity on Wednesday. Today may be a decision day of some sort
The October court ruling is what is on the record. That ruling remains in effect until some other ruling is made relieving the injunction. So if there is no court order for mistrial or an appeal overrules the jury verdict, then the injunction stands-forever. The judge can not relieve the current injunction because of deliberations that are now ongoing as to mistrial. My reading of this press release is that the injunction stands for the time being, but it says nothing about the current deliberations on the potential of mistrial or appeal. If there is mistrial, the injunction will be relieved, at least temporarily. IMO
Nothing more than it seems the judge is taking this appeal extremely seriously. With all of the previous non-jury court wins by Cirtran, he seems to be concerned a jury would vote the way they did. IMO
Let's stay on target all, please.
Just starting
Fat Lady has not even started to strain her vocal cords yet.
I may be reading this incorrectly, but why is MILLER SHAKMAN BEEM LLP representing Play Beverage now. They were representing Playboy?
Website back on but without any references to PB Energy Drink
Why would anyone buy $0.03 worth of stock ?
The formal mechanism to ask for a new trial on the basis that the jury did not have sufficient information to make an educated verdict.
Quoting from the Internet:
Judgment Notwithstanding the Verdict
A judgment entered by the court in favor of one party even though the jury returned a verdict for the opposing party.
The phrase "judgment notwithstanding the verdict" is abbreviated JNOV, which stands for its Latin equivalent, judgment "non obstante veredicto." The remedy of JNOV applies only in cases decided by a jury. Originally this remedy could be entered only in favor of the plaintiff, and the similar remedy of arrest of judgment could be entered only in favor of the defendant. Under modern law a JNOV is generally available to both plaintiffs and defendants, and an arrest of judgment is primarily used with judgments in criminal cases. A JNOV is proper when the court finds that the party bearing the Burden of Proof fails to make out a Prima Facie case (a case that on first appearance will prevail unless contradicted by evidence).
To be granted relief by a JNOV, a party must make a motion seeking that relief. The motion generally must be made in writing and must set forth the specific reasons entitling the party to relief. Many statutes and rules require that the moving party must have previously sought a directed verdict, and that the grounds for the JNOV motion be the same or nearly the same as those for the directed verdict. A directed verdict is a request by a party that the judge enter a verdict in that party's behalf before the case is submitted to the jury.
Activity Date: 10/24/2016 Participant: PLAY BEVERAGES
EXCHANGE INFORMATION - ALLOWED -
Judge: MITCHELL, RAYMOND W.
Activity Date: 10/25/2016 Participant: PLAYBOY ENTERPRISE
CERTIFICATE OF MAILING FILED
Attorney: MILLER SHAKMAN BEEM LLP
Activity Date: 10/25/2016 Participant: PLAYBOY ENTERPRISE
CERTIFICATE OF MAILING FILED
Attorney: MILLER SHAKMAN BEEM LLP
Activity Date: 10/25/2016 Participant: PLAYBOY ENTERPRISE
CERTIFICATE OF MAILING FILED
Attorney: MILLER SHAKMAN BEEM LLP
Activity Date: 10/25/2016 Participant: PLAY BEVERAGES LLC
CERTIFICATE OF MAILING FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/25/2016 Participant: CIRTRAN BEVERAGE C
CERTIFICATE OF MAILING FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/25/2016 Participant: PLAYBOY ENTERPRISE
JURY INSTRUCTIONS FILED
Attorney: MILLER SHAKMAN BEEM LLP
Activity Date: 10/25/2016 Participant: PLAYBOY ENTERPRISE
EXHIBITS FILED
Attorney: MILLER SHAKMAN BEEM LLP
Activity Date: 10/25/2016 Participant: PLAY BEVERAGES LLC
EXHIBITS FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/25/2016 Participant: CIRTRAN BEVERAGE C
EXHIBITS FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/25/2016 Participant: PLAYBOY ENTERPRISE
NOTICE OF FILING FILED
Attorney: MILLER SHAKMAN BEEM LLP
Activity Date: 10/26/2016 Participant: PLAY BEVERAGES LLC
CERTIFICATE OF MAILING FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/26/2016 Participant: CIRTRAN BEVERAGE C
CERTIFICATE OF MAILING FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/26/2016 Participant: PLAY BEVERAGES LLC
JURY INSTRUCTIONS FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/26/2016 Participant: PLAY BEVERAGES LLC
JURY INSTRUCTIONS FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/26/2016 Participant: CIRTRAN BEVERAGE C
JURY INSTRUCTIONS FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/26/2016 Participant: CIRTRAN BEVERAGE C
JURY INSTRUCTIONS FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/26/2016 Participant: PLAY BEVERAGES LLC
NOTICE OF FILING FILED
Attorney: SHOOK HARDY&BACON LLP
Activity Date: 10/26/2016 Participant: CIRTRAN BEVERAGE C
NOTICE OF FILING FILED
Attorney: SHOOK HARDY&BACON LLP
Also makes you think twice about ever having a jury trial if you can help from it.
If their case was that weak the Judges would have ruled for Playboy a long time ago. They did not, and as has been reported many times on this board, Cirtran has won many of the other court issues over the last few years.
Maybe its over and maybe not. Cirtran looking at all options including appeal. What I find interesting is that after the extraordinary long time this stayed in the non-jury courts, they lost based on just a couple of days of jury trial in which there were only a few witnesses. Does this reflect the whole issue. May be cause for Cirtran to file appeal.
For anyone new wanting a summary of this whole mess from the start:
http://www.chicagolawbulletin.com/Articles/2016/10/25/7M-Playboy-drink-award-10-25-16.aspx
So I thought this trial was over license issues. I didn't know that a company could be on trial for poor performance. That would mean the courts would be overwhelmed with trials for businesses that are not performing well. Your stock price goes down and you have to go to court ???
So, I am not sure of the exact timing of the motion for a mistrial. All I know is the following from the docket:
MOTION FILED
Activity Date: 10/24/2016 Participant: PLAY BEVERAGES
EXCHANGE INFORMATION - ALLOWED
I am sure the judge knows when a mistrial motion is appropriate and when it is not, and therefore would not have allowed any filing of the motion if it were not appropriate.
CERTIFICATE OF MAILING FILED
Activity Date: 10/21/2016 Participant: PLAY BEVERAGES LLC
JURY INSTRUCTIONS FILED
Activity Date: 10/21/2016 Participant: PLAY BEVERAGES LLC
MOTION FILED
Activity Date: 10/24/2016 Participant: PLAY BEVERAGES
EXCHANGE INFORMATION - ALLOWED
PR Newswire is still the only source of this info. It was Playboy Enterprise that supplied the information to PR News. Strange that the court docket has not been updated. Maybe judge is considering the mistrial requests and Playboy jumping the gun ??? I still think there is some issue in that there was not a massive dump of shares.
I find it surprising the stock volume today does not indicate a verdict one way or another.
As a moderator myself, I was going to remove your posts, but someone got to it first. I do not know the reason why your posts were deleted by others, but my rationale for doing so was going to be that a. if you are an actual juror and the trial is still going, then you are violating court order and may cause a mistrial and may bring yourself into a contempt charge (IMO). b. if you are not really a juror then you are attempting to manipulate trading (again IMO). Either way your posts should have been deleted. Also, assuming your post that Playboy has won, and we are all going to dump our stock, I find it funny that the first 30 minutes of trading does not support your post. Anyway because of a and b I do not see your posts as relevant and they are deceiving IMO. If you have document proof that the trial is over and Playboy won, you should provide proof, not just verbage.
About what? You involved in this case?
Which party filed for mistrial? If it was Playboy then they know they are in trouble IMO.
I received same letter but never read it. 10-q has 1:2000
I am actually a little surprised that this is already going to jury deliberation. As long as this has been going back and forth in the courts, I would have thought that both Playboy and Cirtran would be calling witnesses in front of the jury for at least 5 or 6 weeks. Outcome will be interesting for sure.
So Spark. How many jurors are there? I would think there does not have to be a 100% vote one way or the other to get a judgement, maybe just a majority. So if there are an odd number of jurors then there cant be a hung jury, I would think.
One might assume that by asking for another deposition at this time would mean Playboy may be getting desperate and feel they have a real good chance of loosing, IMO.
Sorry Spark but I am too far away to attend
My understanding is they have until December to pull the trigger, unless they (the majority shareholders) decide not, and then they notify the appropriate agencies of the decision not to reverse split. Not sure how SEC views this kind of action. I know a couple of years ago SEC came out trying to decertify stocks that did not have a share price of at least .01 (I think it was 01, maybe it was 0.1), but I do not know if anything really came out of that because there are a lot of pinks below the 01 threshold.
If anyone is interested in knowing when, or if, the RS will take place, the filling mentions the following:
Our board of directors and the holders of a majority of our outstanding shares of common stock, have taken action by written consent to authorize our board of directors to effectuate an amendment to our Certificate of Incorporation, as amended, to effectuate a reverse stock split of our issued and outstanding common stock, par value $0.001 per share, by a ratio of 1-for-2000 at any time prior to December 31, 2016, with possible special treatment for certain of our stockholders to preserve round lot holders if so authorized by our board of directors. Our board of directors would also have discretion to abandon the amendment prior to its effectiveness
AAAhhhh:
Playboy mansion deal falls apart as Hef, buyer fight over access
http://www.msn.com/en-us/tv/celebrity/playboy-mansion-deal-falls-apart-as-hef-buyer-fight-over-access/ar-BBvirws?li=BBnb7Kz
To suggest that Sparky does not know what he can and can not do in relation to a stock is totally out of line. He is the only one putting forth the effort to attend the court dates and report to us all the status. He doesn't have to give us an info whats so ever.