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Absolutely 100% incorrect. Fong gave them the middle finger because he was leaving. The letter should have been sent to the legal department of the company and to the BOD. I know the procedure and I have someone already in Delaware that handled my requesting of what I want to see. As a shareholder if the company wants to play games with this rule they will 100% lose and they know that. The law is the law and it has to be followed. I do not think at all his lawyers are going to do anything. FOR ONE NO LAWYER will take on a case where THE LEAD PLAINTIFF has not lost any money, IN his case he still has not lost on this investment but others have.
The law is the law you just need to follow thru with what you want to do. I have so much invested here and those that know me how much.
Let me just say this folks....
IF the other crew followed thru with there
right to see the books they would have had them long ago. The process is very simple and takes little time, just takes a few $$ for someone to write out the paper work if the company does not respond in time they have.
PLEASE READ THIS AS IT IS IMPORTANT
http://www.potteranderson.com/delawarecase/edelaware-marc-paul-v-china-mediaexpress-holdings-inc-1512
The Delaware Court of Chancery held that a stockholder, Marc Paul (“Paul”), established a credible basis to support two proper purposes to inspect the books and records of China MediaExpress Holdings, Inc. (“CME”) under Section 220 of the Delaware General Corporation Law (“Section 220”). The Court granted the shareholder’s demand to inspect certain documents insofar as necessary for these proper purposes. The Court denied CME’s request to stay this action under the Securities Litigation Uniform Standards Act (“SLUSA”) until after a motion to dismiss in federal court was resolved.
This action arose from allegations of fraud and mismanagement at CME. Beginning in January 2011, a financial research firm, Citron Research, and two shortsellers, Bronte Capital and Muddy Waters LLC, released reports alleging CME’s financial statements and operations were fraudulent. On March 11, CME’s independent auditor, Deloitte Touche Tohmatsu (“DTT”), formally resigned stating that it was no longer able to rely on management’s representations, certain accounting issues should be addressed through an independent investigation, and these accounting issues may have adverse implications for prior periods’ financial reports. In March and April 2011, three of CME’s directors resigned citing concerns over DTT’s resignation. NASDAQ also suspended trading in CME’s stock. In May 2011, CME’s audit committee retained DLA Piper to conduct an internal investigation of DTT’s concerns. CME’s shares were also delisted by NASDAQ.
Let me just say this folks....
IF the other crew followed thru with there
right to see the books they would have had them long ago. The process is very simple and takes little time, just takes a few $$ for someone to write out the paper work if the company does not respond in time they have.
PLEASE READ THIS AS IT IS IMPORTANT
http://www.potteranderson.com/delawarecase/edelaware-marc-paul-v-china-mediaexpress-holdings-inc-1512
The Delaware Court of Chancery held that a stockholder, Marc Paul (“Paul”), established a credible basis to support two proper purposes to inspect the books and records of China MediaExpress Holdings, Inc. (“CME”) under Section 220 of the Delaware General Corporation Law (“Section 220”). The Court granted the shareholder’s demand to inspect certain documents insofar as necessary for these proper purposes. The Court denied CME’s request to stay this action under the Securities Litigation Uniform Standards Act (“SLUSA”) until after a motion to dismiss in federal court was resolved.
This action arose from allegations of fraud and mismanagement at CME. Beginning in January 2011, a financial research firm, Citron Research, and two shortsellers, Bronte Capital and Muddy Waters LLC, released reports alleging CME’s financial statements and operations were fraudulent. On March 11, CME’s independent auditor, Deloitte Touche Tohmatsu (“DTT”), formally resigned stating that it was no longer able to rely on management’s representations, certain accounting issues should be addressed through an independent investigation, and these accounting issues may have adverse implications for prior periods’ financial reports. In March and April 2011, three of CME’s directors resigned citing concerns over DTT’s resignation. NASDAQ also suspended trading in CME’s stock. In May 2011, CME’s audit committee retained DLA Piper to conduct an internal investigation of DTT’s concerns. CME’s shares were also delisted by NASDAQ.
MY ONLY POST FOR THE DAY.
To bad no one followed thru on looking at the books...BUT I did.
have a good weekend all.
Well these Samsung rumors are not new that is for sure, Last time 1yr ago same rumor came out. the stock was trading at a higher level. Microsoft is a better fit.. I mean at a market cap of 10bil either one can make a nice buyout offer BUT the market does not believe the rumor that is why the stock is only up 2%
I do not think that will happen. They wont make it all alone.
Regardless of whatever happens, someone is going to buy them out. These Samsung rumors have been going on for more then 1yr now.
My only post for the day. I agree with this post.
No where even close to the same kind of comparison.. Come on...
Why do you think Facebook is facing lawsuits up it's @ss right now? That should answer you question. When investors are MISLEAD there is recourse that shareholders can take.
No your wrong, Actually you might want to read up on the Safr Harbor and forward looking statement's and how they relate to penny stocks.
It will not protect anyone if the PR has mislead investors, Really do some DD on it I have and I know what I am talking about.
Your right I am not but I have spoken to one that does practice in SEC law and shareholder class action lawsuits.
YOUR NOT A LAWYER SO THAT IS YOUR OWN OPINION. SHAREHOLDERS HAVE RIGHTS.
FORWARD LOOKING STATEMENTS DO NOT PROTECT PENNY STOCK COMPANIES.
Not really just show a loss and lawyers do the rest of the work, More then ever shareholders are going after shady company's that do harm to there shareholders... look it up and see. thanks
FORWARD looking statements DO NOT PROTECT penny stock CEO's. I am looking for more that have lost in this investment. BTW shareholders pay no money out of there pocket.
Actually I have some news of my own regarding Steven and the CEO. Because of all his lies and fluff PR's I am looking for more investors that lost money here. I can only help if you lost money. If you did PM me. If you cant you know how to find my email.
Only contact me if you lost money here. Swank I am coming to get you.
I wont comment on this any further on the board, this is the only message I will post about this.
ETMM collecting today I see.
Atrinsic, Inc. Announces Appointment of Chief Restructuring Officer
Atrinsic, Inc. (PINK: ATRN) is announcing today that Sebastian Giordano has been appointed as the company’s Chief Restructuring Officer.
New York, NY (PRWEB) June 05, 2012
Atrinsic, Inc. (PINK: ATRN) is announcing today that Sebastian Giordano has been appointed as the company’s Chief Restructuring Officer. The company is also announcing today that Nathan Fong has resigned from his positions as Atrinsic’s Chief Executive Officer and Chief Financial Officer to pursue other opportunities.
Contact:
Atrinsic, Inc.
469 7th Avenue
New York, NY 10018
212-716-1977
http://www.prweb.com/releases/2012/6/prweb9578034.htm
MY ONLY POST FOR THE DAY.
THANK YOU FOR CALLING AND POSTING THIS INFO. SOME DO APPRECIATE IT.
which now they both work for a company called command security
MY ONLY POST FOR THE DAY. FROM WHAT I KNOW THIS POST IS TRUE AND WE WILL GET NEWS I THINK SOON. IMO ALL. GOOD NIGHT.
No it has not. NONE OF IT HAS. All we have seen is more dilution.
HOW DO YOU KNOW ALL THIS STUFF? NO ONE ELSE DOES....INSIDE INFO?
Exactly Swank came up with crap to put in his PR's for investors.
Only thing swank knows how to do is sell shares.
Thanks Bass for calling, now we wait for the next chapter in our story.
No all .PK show that on yahoo now...
REALLY FUNNY HOW HAVE YOU TALKED TO HIM IN THE PAST??? WHEN WE JUST GOT HIS NAME AND INFO IN THE LAST PR??????? EXPLAIN THAT TO US.
From what I know the IR guy is or was a shareholder in this company, his office is not to far from mine.
SOMEONE HAS A NEW WEBSITE.. LOOKS NICE
http://europlaycapital.com/