Money never sleeps pal. I just made $800,000 in Hong Kong gold. It's been wired to you -- play with it. You done good, but you gotta keep doing good.
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Notice of Effectiveness (EFFECT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF EFFECTIVENESS
Effective Date: May 06, 2011
Accession Number: 0000950123-11-043067
Submission Type: POS AM
CIK: 0000840889
Company Name: DORAL FINANCIAL CORP
File Number: 333-167012
Doral Financial (NYSE:DRL)
Historical Stock Chart
1 Year : May 2010 to May 2011
Doral Financial (NYSE:DRL)
Intraday Stock Chart
Today : Monday 9 May 2011
PUT KYLE INTO THE WALL ON THE FIRST TURN NEXT RACE.. PAYBACK TIME!!!!!!!
Bush took off like a little B****.... Alittle Punkass
#27 wants to drive over the pit crew.... Lots of mistakes last night....
You mean a month............Lol!
multiple dollars here in 2011
Celtics hoping to hold serve at home
By JIMMY GOLEN, AP Sports Writer
3 hours, 22 minutes ago
tweet13EmailPrintWALTHAM, Mass. (AP)—These Boston Celtics have never been down 0-2 in a playoff series.
So now that they’re facing a big deficit against the Miami Heat in the Eastern Conference semifinals, the Celtics are hoping that they will play with desperation.
MIAMI, FL - MAY 03: Kevin Gar…
Getty Images - May 3, 10:43 pm EDT NBA Gallery Coach Doc Rivers says he doesn’t worry about his veteran team knowing what’s at stake. The group that made the finals twice in the last three years has never fallen behind by two games.
Kevin Garnett(notes) says he’s treating it like Game 3 is crucial. Paul Pierce(notes) says the Celtics don’t want to fall behind 0-3, knowing no NBA team has ever come back from that deficit.
Game 3 is Saturday night at the TD Garden.
Odom says he’s starting Game 3
Lamar Odom(notes) said he expects to start Friday night as the Los Angeles Lakers try to climb back into their Western Conference semifinal series with the Dallas Mavericks.
Odom said after Friday morning’s shootaround at American Airlines Center that he expects to replace Ron Artest(notes), who was suspended for hitting Mavericks guard J.J. Barea(notes) in the head with his forearm at the end of the Lakers’ Game 2 loss. Odom said he last started at small forward when he was with the Los Angeles Clippers during the 2002-03 season. The Lakers have rarely played Odom, center Andrew Bynum(notes) and power forward Pau Gasol(notes) together.
More From Marc J. SpearsPlayers-only meeting unites Thunder May 4, 2011 Bin Laden's death spurs memories for Durant May 2, 2011 The Lakers enter Game 3 trailing the Mavericks 2-0 in the best-of-seven series.
“I haven’t played small forward in a couple years now, but it makes no difference,” Odom said. “It’s not like they play a lot of isolation ball with their small forward anyway and you’ll, defensively, be on an island or anything like that.
“[My] role won’t change. It’s Game 3
Lakers head to Dallas with grip on title slipping
By JAIME ARON, AP Sports Writer
May 5, 4:59 pm EDT
tweet30EmailPrintDALLAS (AP)—One big man is struggling, the other is spouting off about “trust issues.” Their enforcer got carried away at the end of the last game and is suspended from the next one.
Their mental edge is gone, and so is their home-court advantage. They’ve even lost the approval of one of their greatest icons.
Asked how to get them to snap out of it, their Zen master coach suggested “flogging them.” Then he laughed. Hey, Phil Jackson’s retiring in a few days or weeks, so he might as well crack wise.
LOS ANGELES, CA - MAY 04: Kob…
Getty Images - May 5, 12:46 am EDT NBA Gallery Such melodrama is vintage Hollywood, but usually for the make-believe folks. Or the Clippers. Certainly not the realm of Kobe Bryant(notes) and the Los Angeles Lakers.
Yet early in their second-round series against the Dallas Mavericks, Bryant and the Lakers are in deep trouble, and they know it.
Los Angeles is down 0-2 going into Game 3 on Friday night. While three teams in NBA history have won a seven-game series after losing the first two at home, no team has rallied from an 0-3 deficit. That makes the next game pivotal in the Lakers’ quest for a third straight championship.
“Desperate, that’s a strong word,” Bryant said. “I think when you play desperate you don’t play your best basketball. What we need to do is relax, focus on what we’re doing wrong and the mistakes that we’re making. We have plenty to review and lock in on.”
Their problems start on defense.
Dirk Nowitzki(notes) is having his way with the Lakers no matter whether they try covering him with someone big or small. That happens with all teams. The surprise is that Los Angeles is struggling with everyone else, all the way down to speedy little backup point guard J.J. Barea(notes).
Barea scooted all over the court in Game 2 on Wednesday night until the final minute, when Ron Artest(notes) swung his forearm and whacked Barea in the face. Artest was thrown out and the league told him Thursday that he can’t play in Game 3.
If the Lakers’ invincibility wasn’t already gone, that cheap shot made it clear how frustrated this team is.
Just look at the inside tandem of Pau Gasol(notes) and Andrew Bynum(notes). Gasol is playing so poorly on both ends of the court that he was booed in the second half of Game 2, at least until many fans left early or lost interest. After the game, Bynum spiced things up by saying “all 13 of our guys have trust issues right now,” further describing those problems as “deeply rooted.”
Lakers great Magic Johnson is disgusted. On Wednesday night, he tweeted, “It’s going to be a tough climb to come back and I think their chances are slim.” On Thursday, he tweeted that Bynum should’ve kept his mouth shut.
All told, the Lakers look tired, mentally and physically. Maybe it’s the toll of reaching the finals each of the last three years.
This is nothing new, either. They’ve had several stretches this season when they’ve looked vulnerable, only to revert to their title-worthy form. Just last round, they lost the opener to the Hornets and were tied 2-2 in the series before Bryant pulled them through. What seemed like a jump-start to another title run is now looking like it might’ve been a last gasp.
“We don’t like being in this position,” point guard Derek Fisher(notes) said. “It’s not familiar, you know? But we are where we are, so we have to make sure we stay together as a group and figure this thing out. We’re trying to make history here, and that’s not easy. We have to be willing to be accountable, all of us.”
The Lakers can’t be counted out because they still have Bryant—and because they’re playing the Mavericks, a team that tends to blow games and series every postseason.
Dallas appeared headed toward another flop when it gave away a 23-point lead over the last 14 minutes of Game 4 in a first-round series against Portland. But the Mavs haven’t lost since, a streak of four wins, with the last three coming on the road.
The road wins are especially significant because Dallas had lost eight straight playoff road games, and 18 of 20. Such performances in Portland and in Los Angeles back up what players have been saying since training camp: These aren’t the same old Mavs.
But two games only counts as a good start toward changing Dallas’ reputation. And it’s not like the Mavericks played two perfect games. The Lakers would’ve won the opener if a buzzer-beating 3-pointer by Bryant stayed in the cylinder instead of bouncing out.
“This series is far from over,” Nowitzki said. “I’ve been up 2-0 before and ended up losing the series. We’ve seen a lot of things happen in this league so we’ve got to stay focused, stay together and let our home crowd ride us and get another great win.”
The last time they played in Dallas, the Mavericks gave their best performance of the postseason, their bounceback game following the Game 4 collapse. The building should be even louder this time because of the higher stakes, and because it will be the Lakers’ first playoff visit in 23 years.
The Mavs already posted on YouTube an animated video that’s sure to get a rousing response when it’s played Friday night: “Mamas Don’t Let Your Babies Grow Up To Be Lakers Fans.”
It’s the continuation of a series that began with the Mavericks’ run to the NBA finals in 2006.
Odds are, the club’s video folks are already working on versions for the Thunder and Grizzlies. Just in case.
--------------------------------------------------------------------------------
Sign the petition to keep the football season alive. Join the Rally to Restore Football.
LAKERS NEED THIS WIN IN DALLAS!! BOSTON IS HOME SO THEY HAVE BETTER ODDS!
18-24-48
I'll take 6% on a friday... Eating good tonight!!
Looks Great Winks!! Great pick on this one.. LONG AND STRONG HERE!!!!!!!!!!1
Looking Very Very good Here winks.. This is not a 48hr flip stock... Holding strong here... Trending towards my $3 goal
All Very True!!
Everything is RED Today But Not DRL!!!!!
Just no volume here today..
Well U gotta be in it to win it!!! LOL!
I picked up my shares cheap!! So Im holding long term
Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
April 27, 2011
Davi Luxury Brand Group, Inc.
(Exact name of registrant as specified in its charter)
Nevada 000-53609 26-2463412
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
9426 Dayton Way
Beverly Hills, CA
90210
(Address of principal executive offices) (Zip Code)
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective April 27, 2011, Davi Luxury Brand Group, Inc. (the “ Company ”) appointed J. Bernard Rice to serve on the Board of Directors (“ Board ”) of the Company. In consideration for Mr. Rice’s service as a member of the Board, during his term, Mr. Rice will receive from the Company a grant of 25,000 shares of Company common stock on a quarterly basis, which shares will be issued in arrears provided that Mr. Rice is still a member of the Board on the issuance date. Such shares of common stock will be granted commencing on May 16, 2011 and quarterly thereafter (i.e. on August 15, November 15, and February 15).
Mr. Rice currently also is the Chief Financial Officer of the Company. A copy of the press release announcing Mr. Rice’s appointment to the Company’s Board is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 8.01 Other Events.
On May 2, 2011, the Company issued a press release announcing that it has entered into an agreement with Korean Air, pursuant to which Korean Air will provide to its First Class and Business (Prestige) class passengers amenity skincare travel bags that contain the Company’s “DAVI” skin care products. The travel bags and skincare products were designed and developed exclusively for Korean Air and will be available on Korean Air flights commencing in May 2011.
A copy of the press release announcing the Company’s agreement with Korean Air is attached as Exhibit 99.2 to this Current Report on Form 8-K, and the preceding summary of such press release is qualified by the full text of Exhibit 99.2.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release, dated April 27, 2011, announcing the appointment of J. Bernard Rice as a director of the Company.
99.2 Press Release, dated May 2, 2011, announcing the Company’s agreement with Korean Air.
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DAVI LUXURY BRAND GROUP, INC.
May 3, 2011
By: /s/ Parrish Medley
Name: Parrish Medley
Title: President and Chief Executive Officer
3
Davi Luxury Brand (OTCBB:MDAV)
Historical Stock Chart
1 Year : May 2010 to May 2011
Davi Luxury Brand (OTCBB
We all get that mailer. At least they put $$ into advertisement
SHOW ME $4 SHARE HERE WINKS@!!! LETS GO UP BABY!!!!!!!!
Proxy Statement (definitive) (DEF 14A) Date : 05/02/2011 @ 4:21PM
Source : Edgar (US Regulatory)
Stock : (DRL)
Quote : 1.51 0.01 (0.67%) @ 8:00PM
- Proxy Statement (definitive) (DEF 14A)
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
o Preliminary Proxy Statement
o Confidential, for Use of the Commission Only (as permitted by Rule 14a- 6(e)(2) )
þ Definitive Proxy Statement
o Definitive Additional Materials
o Soliciting Material Pursuant to §240.14a-12
Doral Financial Corporation
(Name of Registrant as Specified in its Charter)
Payment of Filing Fee (Check the appropriate box):
þ No fee required.
o Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
o Fee paid previously with preliminary materials.
o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
--------------------------------------------------------------------------------
Table of Contents
1451 F.D. Roosevelt Avenue
San Juan, Puerto Rico 00920-2717
May 12, 2011
Dear Shareholder:
You are cordially invited to attend the annual meeting of shareholders of Doral Financial Corporation (“Doral Financial”). This year the meeting will be held at The New York Palace, Henry Room, 455 Madison Avenue, New York, New York on June 28, 2011. The meeting will begin promptly at 7:30 a.m. EST.
Details of the business to be conducted at the annual meeting are given in the attached notice of annual meeting of shareholders and proxy statement.
Only shareholders of record as of the close of business on May 6, 2011 are entitled to notice of, and to vote at, the annual meeting or any adjournments or postponements thereof. A list of these shareholders will be available for inspection for a period of ten days prior to the annual meeting at the office of Doral Financial on the ninth floor of the Doral Financial Plaza Building, 1451 F.D. Roosevelt Avenue, San Juan, Puerto Rico, and will also be available for inspection at the meeting itself.
Shareholders are urged to review carefully the enclosed proxy statement and complete, sign and return your proxy card in the envelope provided, even if you plan to attend the meeting. YOUR VOTE IS IMPORTANT. The prompt return of your proxy card will ensure that your vote is counted. Please note that sending us your proxy will not prevent you from voting in person at the meeting if you so desire.
Doral Financial anticipates that the proxy statement and the accompanying form of proxy will be mailed to shareholders on or about May 12, 2011.
We appreciate your support.
Sincerely,
Glen R. Wakeman
President and Chief Executive Officer
--------------------------------------------------------------------------------
Table of Contents
1451 F.D. Roosevelt Avenue
San Juan, Puerto Rico 00920-2717
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To Be Held On June 28, 2011
The annual meeting of shareholders of Doral Financial Corporation (“Doral Financial”) will be held at The New York Palace, Henry Room, 455 Madison Avenue, New York, New York on June 28, 2011, beginning at 7:30 a.m. EST, to vote on the following matters as described in the accompanying proxy statement:
1. To elect seven (7) directors of Doral Financial;
2. To ratify the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2011;
3. To consider a non-binding advisory “say on pay” vote regarding the compensation of our named executive officers;
4. To consider a non-binding advisory “say on frequency” vote regarding the frequency of the advisory vote on the compensation of our named executive officers; and
5. To transact such other business as may properly come before the meeting or any adjournments or postponements thereof. Management at present knows of no other business to be brought before the meeting.
Only shareholders of record as of the close of business on the record date, May 6, 2011, are entitled to notice of, and to vote at, the annual meeting or any adjournments or postponements thereof. A list of these shareholders will be available for inspection for a period of ten days prior to the annual meeting at the office of Doral Financial at the ninth floor of the Doral Financial Plaza Building, 1451 F.D. Roosevelt Avenue, San Juan, Puerto Rico, and will also be available for inspection at the meeting itself.
IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE MEETING. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING IN PERSON, PLEASE COMPLETE, SIGN AND DATE THE ACCOMPANYING PROXY AND RETURN IT AS PROMPTLY AS POSSIBLE IN THE ENCLOSED STAMPED ENVELOPE.
By order of our Board of Directors,
Enrique R. Ubarri, Esq.
Secretary
Dated: May 12, 2011
--------------------------------------------------------------------------------
The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Internatio...
The Law Office of Abe Shainberg is investigating the Board of Directors of International Coal Group, Inc. (NYSE: ICO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Arch Coal, Inc. (NYSE: ACI). Under the terms of the proposed transaction, Arch Coal will pay ICG shareholders $14.60 per share for a total transaction value of approximately $3.4 billion.
The investigation concerns whether the ICG Board of Directors breached their fiduciary duties to ICG stockholders by failing to adequately shop the Company before entering into this transaction and whether Arch Coal, Inc. is underpaying for ICG shares.
If you own common stock in ICG and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/international-coal.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Briscoe Law Firm Investigates International Coal Group, Inc. for Shareholders Concerning Acquisition by Arch Coal
International Coal G (NYSE:ICO)
Intraday Stock Chart
Today : Monday 2 May 2011
The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of International Coal Group, Inc. (“International Coal Group” or “ICO”) (NYSE: ICO) related to the buyout of International Coal Group by Arch Coal (“Arch Coal”).
The definitive merger agreement involves an all-cash transaction valued at approximately $3.4 billion. Under the proposed buyout, International Coal Group shareholders will receive $14.60 in cash for each share of International Coal Group/ICO common stock they hold.
The firms are investigating the fairness of the proposed transaction to International Coal Group shareholders and whether International Coal Group’s Board of Directors acted in the shareholders’ best interests. Among other things, the firms are seeking to determine whether the board of directors failed to adequately shop ICO and to obtain the best price for shares of International Coal Group shareholders.
If you currently own shares of International Coal Group/ICO and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
More ICO MessagesLatest International Coal Grp. ICO MessagesAnd yet again, looks like about a double
Hockmir • Sat Apr 16, 2011 12:10 PM62149462
Just about a double over the past six
Hockmir • Sun Mar 27, 2011 1:03 PM61397971
Still trending up over time. No excitement,
Hockmir • Sun Feb 20, 2011 6:03 PM60144753
Happy to hear you're doing so well on
Hockmir • Tue Feb 8, 2011 9:04 PM59691060
ICO should start to attract some attention. With:
mike306oh • Tue
A 13g???????
Form 8-K for CYCLACEL PHARMACEUTICALS, INC.
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21-
Changes in Registrant's Certifying Accountant, Financial Statement
Item 4.01 Changes in Registrant's Certifying Accountant.
Effective April 19, 2011, Ernst & Young LLP (UK) ("E&Y UK") resigned as the independent registered public accounting firm that audits the financial statements of Cyclacel Pharmaceuticals, Inc. (the "Company"), which resignation was accepted by the Company's Board of Directors (the "Board") as of the same date.
At the recommendation of the Audit Committee of the Board, effective April 19, 2011, the Board engaged Ernst & Young LLP (US) ("E&Y US"), as the independent registered public accounting firm to audit the Company's financial statements for the year ended December 31, 2011, such engagement to be ratified by the Company's stockholders at the Company's annual meeting of stockholders. E&Y UK's audit reports on the Company's financial statements for the years ended December 31, 2010 and 2009 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company's two most recent fiscal years and any subsequent interim period prior to the date of this Report, there were no disagreements with E&Y UK on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of E&Y UK, would have caused it to make reference to the subject matter thereof in connection with its report.
During the Company's two most recent fiscal years and any subsequent interim period prior to the date of this Report, none of the events described in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), occurred, except that, as disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and the Annual Report on Form 10-K/A for the year ended December 31, 2009, E&Y UK advised the Company that it did not have an effectively-designed control in operation over the accounting for, presentation of and disclosure of cumulative preferred stock dividends to prevent or detect on a timely basis material misstatements in the computation of net loss per share and the financial statement presentation of preferred stock dividends. During the Company's two most recent fiscal years and any subsequent interim period prior to the date of this Report, neither the Company nor anyone acting on its behalf consulted E&Y US regarding (a) the application of accounting principles to a specified transaction, either completed or proposed or the type of audit opinion that might be rendered on the Company's financial statements or
(b) any (i) matter that was the subject of a disagreement with E&Y UK on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of E&Y UK, would have caused it to make reference to the subject matter thereof in connection with its report or (ii) events described in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K under the Exchange Act. The Company has provided E&Y UK with a copy of this Report prior to the filing hereof and has requested that E&Y UK furnish to the Company a letter addressed to the Securities and Exchange Commission stating whether E&Y UK agrees with the statements made by the Company in this Report. E&Y UK has furnished such letter, which letter is filed as Exhibit 99.1 hereto, as required by Item 304(a)(3) of Regulation S-K.
Doral Financial Corp. : Approximately 4,814,000 shares changed hands, a 555.8 percent increase over its 65-day average volume. The shares rose $.20 or 15.4 percent to $1.50.
Maybe a 8% gap winks!
Statement of Ownership (SC 13G)
Date : 05/02/2011 @ 6:08AM
Source : Edgar (US Regulatory)
Stock : (DRL)
Quote : 1.5 0.0 (0.00%) @ 8:18AM
- Statement of Ownership (SC 13G)
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response………11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Doral Financial Corporation
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
25811P886
(CUSIP Number)
April 28, 2011
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
__________
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
--------------------------------------------------------------------------------
CUSIP No. 25811P886
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rima Management, LLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
6,480,159
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
6,480,159
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,480,159
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.09%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
CUSIP No. 25811P886
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Richard Mashaal
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
6,480,159
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
6,480,159
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,480,159
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.09%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
CUSIP No. 25811P886
Item 1. (a). Name of Issuer:
Doral Financial Corporation
(b). Address of issuer's principal executive offices:
1451 Franklin D. Roosevelt Avenue
San Juan, Puerto Rico 00920
Item 2. (a). Name of person filing:
Rima Management, LLC
Richard Mashaal
(b). Address or principal business office or, if none, residence:
Rima Management, LLC
110 East 55 th Street
Suite 1600
New York, New York 10022
Richard Mashaal
c/o Rima Management, LLC
110 East 55 th Street
Suite 1600
New York, New York 10022
(c). Citizenship:
Rima Management, LLC – Delaware
Richard Mashaal – Canada
(d). Title of class of securities:
Common Stock, $0.01 par value
(e). CUSIP No.:
25811P886
Item 3. If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
(a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [_] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
(i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k) [_] Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
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Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Rima Management, LLC - 6,480,159
Richard Mashaal – 6,480,159
(b) Percent of class:
Rima Management, LLC – 5.09%
Richard Mashaal – 5.09%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0 ,
(ii) Shared power to vote or to direct the vote 6,480,159 ,
(iii) Sole power to dispose or to direct the disposition of 0 ,
(iv) Shared power to dispose or to direct the disposition of 6,480,159 .
Richard Mashaal:
(i) Sole power to vote or to direct the vote 0
(ii) Shared power to vote or to direct the vote 6,480,159
(iii) Sole power to dispose or to direct the disposition of 0
(iv) Shared power to dispose or to direct the disposition of 6,480,159
Instruction: For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_].
Not applicable
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Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Not applicable
Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
May 2, 2011
(Date)
RIMA MANAGEMENT, LLC
By: /s/ George Malikotsis
George Malikotsis
Vice President
RICHARD MASHAAL
By: /s/ Richard Mashaal
(Signature)
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
* The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.
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Exhibit A
AGREEMENT
Each of the undersigned hereby consents and agrees to this joint filing of the Schedule 13G for the Common Stock of Doral Financial Corporation, $0.01 par value.
Dated: May 2, 2011 RIMA MANAGEMENT, LLC
By: /s/ George Malikotsis
George Malikotsis
Vice President
RICHARD MASHAAL
By: /s/ Richard Mashaal
(Signature)
Looks Great!!! LETS PUSH TO $2
Looking Great!! Just add Volume and this one Rips!
Im up .50 cents on the shares
Love the Mad Day winks!!
********DRL***************DRL***************DRL
Looking Good Here today.. Another 5% to the pile!!
Over $110k traded here today.. Looks good!!
Lubrizol Announces Release Date for First Quarter 2011 Earnings
CLEVELAND, April 7, 2011 - The Lubrizol Corporation (NYSE: LZ) will release earnings results for the first quarter of 2011 on Wednesday, April 27, after the close of markets. The company will not conduct an investor teleconference to discuss the results.
About The Lubrizol Corporation
The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Lubrizol's industry-leading technologies in additives, ingredients and compounds enhance the quality, performance and value of customers' products, while reducing their environmental impact.
With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 6,900 employees worldwide. Revenues for 2010 were $5.4 billion. For more information, visit www.lubrizol.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. As a general matter, forward-looking statements relate to anticipated trends and expectations rather than historical matters. Forward-looking statements are subject to uncertainties and factors relating to Lubrizol's operations and business environment that are difficult to predict and may be beyond the control of Lubrizol. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by forward-looking statements. Uncertainties and risk factors that could affect the future performance of Lubrizol and cause results to differ from the forward-looking statements in this release include, but are not limited to, Lubrizol's ability to manage margins in an environment of volatile raw material costs; conditions affecting Lubrizol's customers, suppliers and the industries that it serves; competitors' responses to Lubrizol's products; changes in accounting, tax or regulatory practices or requirements; other factors that are set forth in management's discussion and analysis of Lubrizol's most recently filed reports with the Securities and Exchange Commission; and uncertainties associated with the proposed acquisition of Lubrizol by Berkshire Hathaway, including uncertainties relating to the anticipated timing of filings and approvals relating to the transaction, the expected timing of completion of the transaction and the ability to complete the transaction. The forward-looking statements contained herein represent Lubrizol's judgment as of the date of this communication and Lubrizol cautions readers not to place undue reliance on such statements. Lubrizol assumes no obligations to update the forward-looking statements contained in this release.
Participants in the Solicitation
The Company, its directors and officers, and its proxy solicitor, Innisfree M&A Incorporated, may be deemed to be participants in the solicitation of proxies from the Company's shareholders with respect to the special meeting of shareholders that will be held to consider the proposed transaction. Information about the Company's directors and executive officers and their ownership of the Company's common stock is set forth in its Form 10-K which was filed with the SEC on February 25, 2011 and the proxy statement for the Company's Annual Meeting of shareholders, which was filed with the SEC on March 17, 2010. Shareholders may obtain additional information regarding the interests of the Company and its directors and executive officers in the proposed transaction, which may be different than those of the Company's shareholders generally, by reading the preliminary proxy statement filed with the SEC on March 25, 2011, the definitive proxy statement (when available) and other relevant documents regarding the proposed transaction, when filed with the SEC.
Additional Information
In connection with the proposed transaction, the Company filed a preliminary proxy statement with the SEC. INVESTORS ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT AND, WHEN AVAILABLE, THE DEFINITIVE PROXY STATEMENT, BECAUSE THESE DOCUMENTS CONTAIN, IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE COMPANY. You will be able to obtain the preliminary proxy statement, the definitive proxy statement (when available) as well as other filings containing information about the Company, free of charge, at the website maintained by the SEC at www.sec.gov. Copies of the preliminary proxy statement, the definitive proxy statement (when available) and other filings made by the Company with the SEC can also be obtained, free of charge, by directing a request to The Lubrizol Corporation, 29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298, attention: Corporate Secretary.
Financial/Investor Contact
Mark Sutherland
440/347-1206
No volume today. Need a few back to back days with Volume to get this moving North Again
•Doral Financial Corp. (NYSE:DRL): Eton Capital held 8,444,354 shares worth $11,653,000 on December 31st, 2010. The shares traded at $1.38 on December 21st, 2010, their recent price is $1.05, their 52-week high is $7.19, and their 52-week low is $1.03. The company’s earnings per share are ($3.65), its price-to-earnings ratio is is impossible to calculate because its earnings are negative, and its market capitalization is $133,658,484.00. Doral Financial Corp. is a diversified financial holding company with mortgage banking operations in Puerto Rico. The Company owns Doral Bank P.R., a commercial bank in Puerto Rico and Doral Bank – FSB, a thrift in New York. In Puerto Rico, it is also involved in the insurance and broker dealer business through its subsidiaries Doral Insurance and Doral Securities.
Divy's are up to 15cents a Share !!! GE IS CRUSHING IT!!!!