Romans 12:19
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I'm guessing Kinross lied ! eom
1186 posts today whadda U guys talk'n 'bout ? eom
REVOLUTION !! eom ;)
oh, ok thanks eom
Will SRGE trade OTC pink in the morning ? eom I think it might...
email sent.. eom
Etrade says OTC Pink Current ?? clicked on SRGE from the port and top right it was there.. looked after they sent me and email about the canceled trades..
gotta msg on reason 4 canceled limit orders, then I went to click on SRGE and it says OTC pink current.. ??
Public company securities that are not listed, traded or quoted on any U.S. stock exchange or the OTC markets are sometimes purchased or sold over the counter (OTC) via the grey market. Grey market securities have no market makers quoting the stock. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and best execution of orders is difficult.
HEADS ARE GONNA ROLL !! eom :)
I'm not out to trash anyone, just looking at the bigger picture, nor am I looking for suggestions.. thanks ;)
Google: kinross kgc complaints WoW many results mmmh !
Kinross Gold Corporation : Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Kinross Gold Corporation
02/18/2012| 10:50pm US/Eastern
Rigrodsky & Long, P.A. announces that a lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Kinross Gold Corporation ("Kinross" or the "Company") (NYSE: KGC) between February 16, 2011 and January 17, 2012 (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 (the "Complaint").
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Scott J. Farrell, Esquire of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at http://www.rigrodskylong.com/investigations/kinross-gold-corporation-kgc.
Kinross engages in mining and processing of gold ores in the Americas, Africa and the Russian Federation. The Complaint names Kinross and certain of the Company's officers as defendants, and alleges that during the Class Period, defendants made materially false and misleading statements concerning the Company's business and prospects. Specifically, the Complaint alleges defendants misrepresented and/or failed to disclose the following that: drilling results at the Kinross Tasiast property had exhibited high amounts of low-grade ores and that the Company would, therefore, need to modify its mining processes to help minimize operating costs and maximize profitability; as a result of the foregoing, applicable accounting standards required the Company to record an impairment in the value of goodwill that Kinross attributed to the Tasiast property; the Company's financial statements were not fairly presented in conformity with International Financial Reporting Standards and were, therefore, materially false and misleading; and defendants lacked a reasonable basis for their positive statements about the Company, its business prospects and the Tasiast property during the Class Period.
On January 16, 2012, Kinross issued a press release announcing its preliminary 2011 results and 2012 outlook, noting that the Company's three major growth projects at Tasiast, Fruta del Norte and Lobo-Marte would require significant capital expenditures. In addition, the Company disclosed that due to its increased understanding of the Tasiast orebody, it had decided to conduct a comprehensive capital and project optimization process to efficiently advance development of the project and generate enhanced returns on capital. The press release also disclosed that, accordingly, the Company expected to record a material non-cash accounting charge, primarily relating to the goodwill recorded for the Tasiast mine, totaling $4.6 billion at September 30, 2011. As a result of the foregoing disclosures, the price of Kinross common stock fell approximately 19%, from $12.65 per share on January 13, 2012 to $10.27 per share on January 17, 2012.
If you wish to serve as lead plaintiff, you must move the Court no later than April 16, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome
http://www.4-traders.com/KINROSS-GOLD-CORP-1410543/news/Kinross-Gold-Corporation-Rigrodsky-Long-P-A-Announces-A-Securities-Fraud-Class-Action-Lawsuit-14030450/
Summary: According to a press release dated February 16, 2012, the complaint charges the Company and certain of its officers and directors with violations of the Exchange Act.
The complaint alleges that, throughout the Class Period, defendants issued materially false and misleading statement regarding the Company’s business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (a) that drilling results at on of the Company’s properties had exhibited high amounts of low-grade ores and that because of this the Company would need to modify its mining processes to help minimize operating costs and maximize profitability; (b) that, as a result of the foregoing circumstances, applicable accounting standards required the Company to record an impairment in the value of goodwill that the Company attributed to the property; (c) that the Company’s financial statements were not fairly presented in conformity with International Financial Reporting Standards and were materially false and misleading; and (d) that, based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its business prospects and the property during the Class Period.
On January 16, 2012, the Company issued a press release announcing its preliminary 2011 results and 2012 outlook. The press release noted that the Company’s three major growth projects at several of its properties would require significant capital expenditures and that as a result of the Company’s increased understanding of the property’s orebody, the Company had elected to conduct a comprehensive capital and project optimization process to efficiently advance development of the project and generate enhanced returns on capital. The press release also disclosed that “n view of the Company’s evolving understanding of [the property’s] project parameters, and market conditions, including industry-wide increases in capital and operating costs, the Company expects to record a material non-cash accounting charge, primarily relating to the goodwill recorded for the [the property’s] mine,” which totaled $4.6 billion at September 30, 2011. In response to the Company’s announcement, the price of its common stock plummeted nearly 19%, from $12.65 per share on January 13, 2012 to $10.27 on January 17, 2012.
On May 31, 2012, the Court issued an Order appointing lead plaintiff and approving the selection of lead counsel.
On July 23, 2012, the Plaintiffs filed an amended complaint.
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INDUSTRY CLASSIFICATION:
SIC Code: 1040
Sector: Basic Materials
Industry: Gold & Silver
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COMPANY/ISSUER NAME: Kinross Gold Corporation
COMPANY/ISSUER TICKER: KGC
COMPANY WEBSITE: http://www.kinross.com
--------------------------------------------------------------------------------
FIRST IDENTIFIED COMPLAINT IN THE DATABASE
Bo Young Cha, et al. v. Kinross Gold Corporation, et al.
COURT: S.D. New York DOCKET NUMBER: 12-CV-01203
JUDGE NAME:
DATE FILED: 02/16/2012 SOURCE:
CLASS PERIOD START: 02/16/2011 CLASS PERIOD END: 01/17/2012
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Dyer & Berens LLP
303 East 17th Avenue, Suite 300, Denver, CO, 80203
(voice) 303.861.1764, (fax) 303.861.1764,
Holzer Holzer & Fistel, LLC (Atlanta)
200 Ashford Center North, Suite 300, Atlanta, GA, 30338
(voice) 770.392.0090, (fax) 770.392.0090,
Robbins Geller Rudman & Dowd LLP (Melville)
58 South Service Road, Suite 200, Melville, NY, 11747
(voice) 631.367.7100, (fax) 631.367.1173,
_____________________________________________
TOTAL NUMBER OF PLAINTIFF FIRMS: 3
DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint
Type: Complaint Date on the document: 02/16/2012
U.S. District Court Civil Docket
Type: Docket Date on the document: 02/27/2012
Opinion & Order
Type: Order Appointing LP/LC Date on the document: 05/31/2012
--------------------------------------------------------------------------------
REFERENCE COMPLAINT
Bo Young Cha , et al. v. Kinross Gold Corporation, et al.
COURT: S.D. New York DOCKET NUMBER: 12-CV-01203
JUDGE NAME:
DATE FILED: 07/23/2012 SOURCE:
CLASS PERIOD START: 08/03/2010 CLASS PERIOD END: 01/17/2012
TYPE OF COMPLAINT: First Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Labaton Sucharow LLP
140 Broadway, New York, NY, 10005
(voice) 212.907.0700, (fax) 212.818.0477, info@labaton.com
_____________________________________________
TOTAL NUMBER OF PLAINTIFF FIRMS: 1
DOCUMENTS FOR THE REFERENCE COMPLAINT
Amended Class Action Complaint
Type: Complaint Date on the document: 07/23/2012
OTHER DOCUMENTS
Case Name and/or Number:
Type: Date on the document:
--------------------------------------------------------------------------------
WARNING AND DISCLAIMER OF LIABILITY:
The information included on this Web site, whether provided by personnel employed by Stanford Law School or by third parties, is provided for research and teaching purposes only. Neither Stanford University, Stanford Law School, nor any of their employees, agents, contractors, or affiliates warrant the accuracy or completeness of the information or analyses displayed herein, and we caution all readers that inclusion of any information on this site does not constitute an endorsement of the truthfulness or accuracy of that information. In particular, this Web site contains complaints and other documents filed in federal and state courts, which make allegations that may or may not be accurate. No reader should, on the basis of information contained in or referenced by this Web site, assume that any of these allegations are truthful.
http://securities.stanford.edu/1048/KGC00_01/
I've seen little regarding the following information I am providing below and have, at the same time, noticed several articles promoting Kinross Gold Corporation (KGC) recently as a worthy or potentially good investment. I will not state my opinion of the information provided below, but do believe that anyone that is thinking of investing, be aware and do your due diligence prior to purchase. This is no way intended to indicate that KGC is a good or bad investment. Each individual must determine their own opinion of it and act accordingly.
As a former owner of the common stock, I recently received documentation in the mail indicating that a filing for a class action has been filed in the United States District Court, Southern District of New York for those that purchased the common stock of KGC between February 16, 2011 and January 17, 2012.
The complaint lists the defendants as Kinross Gold Corporation, Tye W. Burt, Paul H. Barry, Glen Masterman and Kenneth G. Thomas. The complaint charges the company and its officers and directors with violations of the Securities Exchange Act of 1934.
The complaint is alleging that the defendants issued a "materially false and misleading statement regarding the Company's business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (a) that the drilling results at the Kinross Tasiast Property had exhibited high amounts of low-grade ores and that because of this the company would need to modify its mining processes to help minimize operating costs and maximize profitability; (b) that, as a result of the foregoing circumstances, applicable accounting standards required the Company to record an impairment in the value of goodwill…"
It goes on to state that the financial statements were not fairly presented and were materially false and misleading and that they lacked a reasonable basis for their positive statements.
The press release disclosed that the "Company expects to record a material no-cash accounting charge, primarily relating to the goodwill recorded for the Tasiast mine," which was totaled to be $4.6 billion.
In response to the Company's announcement, the shares of KGC tumbled 19% in a four-day stretch.
For those that want to join the class action, they must do so prior to April 16, 2012.
http://www.gurufocus.com/news/169324/kinross-gold-corporation-kgc-and-due-diligence
Glad I'm not a Mod here ! Looks 2B a FT job. eom
Speedy Gonzales will soon step in and All will be well. "Andale, andale! Arriba, arriba!
membermark -eom
AMAZING - eom
ugh, my gut says stay and wait.. O'well.. all IMO eom
Hallmark mini-series is underway w/a Dr Phil cameo -eom
buy buy buy - Cramer :) eom
:) I missed out on 2 triples here.. feel bad for the ones who bought high and sold low today.. I still got my original lots, these stories surrounding this stock must be a sign of the times.. hahaha END OF THE WORLD.... ;)
HEADS ARE GONNA ROLL !! eom
OFF WITH THEIR HEADS !! eom
me2 eom
There Will Be Blood !! eom
There Will Be A Reckoning !! eom
OFF WITH THEIR HEADS !!! eom
this is insane.. whadda mess !! rrrr eom
This website has email addr's ??? trust no1 eom
People on both sides of this stock are hurting others.. tisk tisk tisk..
Maddness eom
This is the craziest stock I ever owned !! eom
I deny a JV w/srge hahaha eom
hahahaha eom
;) that's what I'm saying.. eom
nobody proved anything yet ! eom