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Exchange: OTC BB
Shares Outstanding: 5,000,000
Market Cap: 6.5 Million
Short Interest: Exchange provides no short interest data.
52-Week EPS: 0.00774
52-Week High: 1.30 on Friday, December 17, 2010
52-Week Low: 0.05 on Thursday, May 13, 2010
P/E Ratio: 167.96
Yield: n/a
Average Price: 0.49 (50-day) 0.49 (200-day)
Average Volume: 18,228 (50-day) 18,228 (200-day)
anyone know ?
recent spike , what gives ?
Calypso Media Services Group Inc (OTC BB) Delayed quote data
if so please post.
anyone got further info
Company Name: InterAmerican Gaming Inc
Dow Jones Industry: Gambling
OTHER OTC
Shares Outstanding: 67,686,234
Market Cap: 406,117
Short Interest: Exchange provides no short interest data.
52-Week EPS: -0.02836
52-Week High: 0.03 on Monday, October 04, 2010
52-Week Low: 0.0001 on Wednesday, October 27, 2010
P/E Ratio: n/a
Yield: n/a
Average Price: 0.0205 (50-day) 0.0211 (200-day)
Average Volume: 48,994 (50-day) 47,998 (200-day)
Contacts:
China Electronics Holdings, Inc.
John Bai
+86 186 0128 8923
johnwhit2008@gmail.com
www.chinaelectronicsholdings.com
Hunter Wise Financial Group, LLC
Dan McClory, Managing Director
+1 949 732 4102
dmcclory@hunterwise.com
American Capital Partners, LLC
Frank Lorenzo, Managing Director
+1 551 427 8476
florenzo@acpweb.com
China Electronics Holdings, Inc. (CEHD 4.61, -0.29, -5.92%) , one of rural China's major U.S.-listed retailers of household appliances and consumer electronics, announced that it opened 8 new stores in its core rural markets and is operating outlets in neighboring Hubei Province and Henan Province. "These franchise stores in Macheng and Gushi have expanded China Electronics further beyond our home market of Anhui Province," said China Electronics Chairman and Founder Hailong Liu. "We are committed to meeting our objective to expand geographically and add 100 new direct stores as a U.S. public company," Chairman Liu reiterated.
China Electronics through its PRC subsidiary Lu'an Guoying Electronic Sales Co., Ltd. (the "Company") operates a network of 600 franchise stores, 412 direct stores, and 3 company-owned locations in primarily rural areas of central China's Anhui, Henan and Hubei Provinces under the brand of Guoying. In its most recent fiscal year ended December 31, 2009 China Electronics achieved after-tax net income of USD$9.7 million from USD$47.7 million in revenues. For the three months ended March 31, 2010 the Company earned USD$4.7 million in after-tax net income. The Company will be reporting results for the second quarter of 2010 with the filing of an amended 8-K shortly. As a condition of the recent financings totaling nearly USD$5.3 million, China Electronics agreed to a net income target of USD$12 million, subject to certain adjustments, for the fiscal year ending December 31, 2010, and an uplisting to Nasdaq or the NYSE Amex exchanges. Hunter Wise Securities, LLC and American Capital Partners, LLC served as placement agents to the financings.
China Electronics' Guoying subsidiary is the exclusive wholesaler in the Lu'an area for products under the brand names Sony, LG, Samsung, Shanghai Shangling, Chigo, Huayang and Huangming. Guoying is the general sales agency of Sino-Japan Sanyo electronic products, such as Sanyo TVs, air conditioners, washing machines and microwave ovens. Guoying has teamed up with Huangming and Huayang, the two largest manufacturers of solar thermal products in China, to be their exclusive retail outlet in Anhui.
China Electronics also produces Guoying brand refrigerators under its own trademark, selling a total of 30,000 refrigerators in 2007, 46,000 in 2008, and 62,000 in 2009, and expects to sell 77,000 in 2010 and 100,000 in 2011, in PRC provinces Anhui, Henan and Hubei.
About China Electronics Holdings and Household Appliance Retailing in Rural China
China Electronics has been based in Lu'an City, Anhui Province, central China since its founding in 2001 and sells household appliances and consumer electronics of major manufacturers through a network of more than 1,000 retail stores in rural areas of the PRC's fourth- and fifth tier markets. For more information please visit www.chinaelectronicholdings.com .
Approximately 56% of China's population still resides in rural areas of the PRC, making rural residents the largest consumer group in the country. After many years of economic reforms, the average income of people living in China's rural areas has gradually increased. The rural market is largely untapped and has enormous potential for growth. This rural consumer group has tremendous purchasing power and is increasing as the Chinese government encourages rural communities to modernize.
The PRC central government has decided to expand internal demand by increasing the income of the rural population. Continuous improvements in the rural power network, rural transportation, and rural communication make the rural market extremely favorable for home appliances and electronics.
After many years of economic reforms, the average income of people living in China's rural areas has gradually increased. It is reported that the rural residents hold more than US $120 billion in savings and US$106 billion in cash. A survey done by the China Electronic Product Association showed that 14% to 33% of rural families are willing to spend their money on televisions, DVDs, washers and dryers, and telephones in the next few years. For example, refrigerator ownership in big and middle cities of China is over 95%, even 99% in some cities. However, the ownership of refrigerators is only 22.7% in rural areas of China.
The Chinese government has initiated a rural home appliance and electronics rebate program, called "Rural Consumer Electronics" plan, which provides that the maximum sales price of electronics is fixed at a price which is usually equal to or less than the market price in urban areas of the same product. Meanwhile, rural consumers can get a 13% government rebate on their purchases of electronics.
Finally, the current consumer electronics and appliances markets in big cities like Beijing, Shanghai, and Shenzhen are already saturated by an over abundance of competitors - leading to very lean margins. Although some competitors have announced interest in the rural market, none of the current competitors have established any significant presence in the rural markets. Successful brand names established in large cities are not an indicator of automatic success in China's rural market. Guoying is the first rural home appliance and electronics retailer in Anhui province.
Cautionary Statement Regarding Forward Looking Information
This press release may contain forward-looking information about the Company, Buyonate, Inc., China Electronics Holdings, Inc., Lu'an Guoying Electronic Sales Co., Ltd., and its subsidiaries. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Current Report on Form 8-K filed on July 20, 2010. The shares of common stock issued in connection with the transaction has not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or an applicable exemption from those registration requirements. The Company has agreed to file a registration statement covering the resale of the shares of common stock issued in the private placement and certain other shares, upon request by the investors.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
China, Nov 23, 2010 /PRNewswire via COMTEX/ -- China Electronics Holdings, Inc. (CEHD 4.61, -0.29, -5.92%) , one of rural China's major U.S.-listed retailers of household appliances and consumer electronics, announced that its earnings for through September 30, 2010 increased 285% over the same period in 2009, reaching USD$15,094,619. Revenues were up 348% and totaled USD$89,364,902 for the first three quarters of 2010. On the CEHD Balance Sheet, Stockholders' Equity increased by over USD$30 million from USD$6.0 million to USD$36.9 million.
"We had 247 new stores in operation during the nine months ended September 30, 2010 compared to 2009," said China Electronics Chairman and Founder Hailong Liu. "New products with higher average selling prices from SONY and LG that we began to carry in 2010 and the improved economic climate in the PRC all had a positive impact on the demand for our products and our sales," Chairman Liu stated. Through the first three quarters of 2010 CEHD has recorded 187% of the revenues achieved for all of 2009, and earned 155% of the profits in the first nine months of 2010 that it did for the entire calendar year of 2009.
China Electronics through its PRC subsidiary Lu'an Guoying Electronic Sales Co., Ltd. (the "Company") operates a network of over 1,000 store locations in primarily rural areas of central China's Anhui, Henan and Hubei Provinces under the brand of Guoying. In its most recent fiscal year ended December 31, 2009 China Electronics achieved after-tax net income of USD$9.7 million from USD$47.7 million in revenues. As a condition of the recent financings totaling nearly USD$5.3m, China Electronics agreed to a net income target of USD$12 million, subject to certain adjustments, for the fiscal year ending December 31, 2010, and an uplisting to Nasdaq or the NYSE Amex exchanges. Hunter Wise Securities, LLC served as lead placement agent.
China Electronics' Guoying subsidiary is the exclusive wholesaler in the Lu'an area for products under the brand names Sony, LG, Samsung, Shanghai Shangling, Chigo, Huayang and Huangming. Guoying is the general sales agency of Sino-Japan Sanyo electronic products, such as Sanyo TVs, air conditioners, washing machines and microwave ovens. Guoying has teamed up with Huangming and Huayang, the two largest manufacturers of solar thermal products in China, to be their exclusive retail outlet in Anhui.
China Electronics also produces Guoying brand refrigerators under its own trademark, selling a total of 30,000 refrigerators in 2007, 46,000 in 2008, and 62,000 in 2009, and expects to sell 77,000 in 2010 and 100,000 in 2011, in PRC provinces Anhui, Henan and Hubei.
About China Electronics Holdings and Household Appliance Retailing in Rural China
China Electronics has been based in Lu'an City, Anhui Province, central China since its founding in 2001 and sells household appliances and consumer electronics of major manufacturers through a network of more than 1,000 retail stores in rural areas of the PRC's fourth- and fifth tier markets. For more information please visit www.chinaelectronicsholdings.com .
Approximately 56% of China's population still resides in rural areas of the PRC, making rural residents the largest consumer group in the country. After many years of economic reforms, the average income of people living in China's rural areas has gradually increased. The rural market is largely untapped and has enormous potential for growth. This rural consumer group has tremendous purchasing power and is increasing as the Chinese government encourages rural communities to modernize.
The PRC central government has decided to expand internal demand by increasing the income of the rural population. Continuous improvements in the rural power network, rural transportation, and rural communication make the rural market extremely favorable for home appliances and electronics.
After many years of economic reforms, the average income of people living in China's rural areas has gradually increased. It is reported that the rural residents hold more than US $120 billion in savings and US$106 billion in cash. A survey done by the China Electronic Product Association showed that 14% to 33% of rural families are willing to spend their money on televisions, DVDs, washers and dryers, and telephones in the next few years. For example, refrigerator ownership in big and middle cities of China is over 95%, even 99% in some cities. However, the ownership of refrigerators is only 22.7% in rural areas of China.
The Chinese government has initiated a rural home appliance and electronics rebate program, called "Rural Consumer Electronics" plan, which provides that the maximum sales price of electronics is fixed at a price which is usually equal to or less than the market price in urban areas of the same product. Meanwhile, rural consumers can get a 13% government rebate on their purchases of electronics.
Finally, the current consumer electronics and appliances markets in big cities like Beijing, Shanghai, and Shenzhen are already saturated by an over abundance of competitors - leading to very lean margins. Although some competitors have announced interest in the rural market, none of the current competitors have established any significant presence in the rural markets. Successful brand names established in large cities are not an indicator of automatic success in China's rural market. Guoying is the first rural home appliance and electronics retailer in Anhui province.
Cautionary Statement Regarding Forward Looking Information
This press release may contain forward-looking information about the Company, Buyonate, Inc., China Electronics Holdings, Inc., Lu'an Guoying Electronic Sales Co., Ltd., and its subsidiaries. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Current Report on Form 8-K filed on July 20, 2010. The shares of common stock issued in connection with the transaction has not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or an applicable exemption from those registration requirements. The Company has agreed to file a registration statement covering the resale of the shares of common stock issued in the private placement and certain other shares, upon request by the investors.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Contacts: Hunter Wise Financial Group, LLC
Dan McClory, Managing Director
+1 949 732 4102
dmcclory@hunterwise.com
Frank Lorenzo, Managing Director
+1 551 427 8476
florenzo@hunterwise.com
LINCOLN, Neb., Dec 6, 2010 (GlobeNewswire via COMTEX) -- A research report has been issued by Market Advisors, Inc. "Fundamental Analysis for Today's Investments" on China Electronics Holdings, Inc. To view our report go to www.marketadvisorsinc.com .
According to the report, The Peoples Republic of China (PRC) central government has decided to expand internal demand by increasing the income of the rural population. If improvements continue in the rural power network, rural transportation, and rural communication, the rural market will be extremely favorable for home appliances and electronics. Our short term target price is $7.75.
China Electronics Holdings, Inc.
China Electronics Holdings Inc. ("CEHD") has been based in Lu'an City, Anhui Province, central China since its founding in 2001 and sells household appliances and consumer electronics of major manufacturers through a network of more than 1000 retail stores in rural areas of the PRC's fourth and fifth tier markets.
About Market Advisors, Inc.
Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have often been quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, Barron's, Forbes Magazine and The Dick Davis Digest to name a few.
The information and opinions in this analyst report were prepared by Market Advisors, Inc and Associates. (located in Nebraska) who does receive fees for services including preparation of this report. This is not an offer to buy or sell securities nor should this report be construed as investment advice. Information or statements are subject to numerous risks and uncertainties that cause such statements not to prove accurate. Market Advisors, Inc. does not disseminate, nor is it liable for the dissemination by any third party of this analyst report
For further corporate information on CEHD.OB, please visit: www.chinaelectronicsholdings.com
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Market Advisors, Inc.
CONTACT: China Electronics Holdings, Inc.
Investor Relations
+86-186-0128-8923
Market Advisors
Doug Wetzel
(308) 385-4991
dougwetz@kdsi.net
Ramon Toledo recently issued press regarding a default judgment found by the courts in his favor for an excess of twelve million dollars. Sadly, no one has informed Mr. Toledo that receiving a default judgment does not necessarily prove and determine guilt on an issue. In this case, an ordinary deposition was missed due to a documented and unfortunate illness, and the case simply and automatically went into default the next day.
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court. Not one single modicum of evidence, public nor private, can be found to implicate Mr. Bibiyan in the false allegations set forth by the frivolous case. He is a victim of blatant malicious prosecution.
Thomas Bibiyan -- all of 27 years of age -- is a known philanthropist and executive producer, having donated hundreds of thousands of dollars in aggregate to the arts and charitable foundations across the country(including the Red Cross and Chabad of California & New York, which remain his favorite causes). When asked for comment, the self-made entrepreneur stated thus:
"If someone sues you for looking at them funny, and you happen to be away and do not respond promptly, the case automatically goes into default. As it happens, it was indeed I who wanted a jury trial, and not Ramon Toledo, as I would have been easily exonerated of the baseless charges by a group of my peers. Without question, an appeal will be filed, and a case for slander and causing unnecessary emotional distress will be the proper and timely response. In all fairness, it is probably advisable that Ramon Toledo rather focus his time and inheritance on his ongoing tax fraud case between himself and US government (Case No. 07-60341-CIV-COHN/Seltzer.) instead of using his malicious press releases as an unimaginative diversion. "
Prior to filing the civil suit against Mr. Bibiyan, Plaintiff Ramon Toledo(who often goes by Ramon Alberto Toledo and Ramon Toledo Arnaiz, among several other aliases) issued several complaints via counsel and threats of greenmail against Lenny Rachitsky - the CEO - and Mr. Bibiyan(never an officer nor director). Stating primarily that, if the Company were not immediately sold, that a lawsuit would soon commence. Having signed and notarized a settlement agreement, Mr. Toledo issued not one, but four press releases - incidentally through the very same newswire service - stating himself as the "Interim CEO" and determining what the corporations should do next. Shareholders - who have no doubt been hit hardest by the selfish behavior of Mr. Toledo - may report the fraud (and the unfortunate subsequent financial losses incurred) by contacting the Securities and Exchange Commission via their website at sec.gov .
"Let's end this non-sense" Mr. Bibiyan continued , "I am sincerely extending an offer to meet with me in person for an open forum public debate regarding the transgressions and losses seen by the shareholders at the hands of Mr. Toledo over the last several years. I'm absolutely positive shareholders have grown tired of Mr. Toledo hiding behind his Personal Computer and his counsel in such a cowardly, undignified fashion all these years. All shareholders will be welcome to attend to ask questions of us at the place of Mr. Toledo's choosing. I mean look, he says that 'Busca Corp is unaffiliated' - that is a complete lie; 'Busca' translates to 'Search' in Spanish, this corrupt corporation can't hide it's deceptive ways forever. How can someone constantly insult the intelligence of shareholders like this? Further, and perhaps more to the point, his prepared statement was devoid of any genuine eloquence whatsoever. Believe me, the man does not know words like 'egregious'. He not only owes me an apology, but the shareholders of the company he so recklessly ruined with his disregard for fiduciary duty and responsibilities."
When asked for any additional comment, Thomas Bibiyan said, in closing:
"But I digress, to be completely frank, I am at times flattered by his ongoing fascination with me, even though it has become somewhat of a smear campaign as of late. Anger can do strange things to people. Let me be clear on one final concession though: My clandestine affair with Sabine Schudel from the fall of 2006 through the summer of 2008 was, and still is, very regrettable. It was a terrible mistake. It is not something I am proud of, nor defending in any way, shape, or form. However, it certainly should not be made the grounds for a vacuous case. In the end, however, I am of the opinion that only God may truly be my judge."
The purchase price paid by Oak for the Assets was Nine Million Three Hundred Thousand Dollars ($9,300,000.00), of which One Million Five Hundred Thousand Dollars ($1,500,000.00), was deposited with an escrow agent, pursuant to the terms of an escrow agreement, for at least 18 months for post closing indemnification claims which may be asserted by Oak (the “Escrow”). A substantial amount of the proceeds from the transaction were used by the Company to repay outstanding indebtedness and for working capital purposes.
but the question is
whats it all about?
heck lord knows i do
who doesnt like a good drink
THE Subject is Fidelis Energy (FDEI)
anything off topic will be deleted.
Mr. Toledo issued not one, but four press releases - incidentally through the very same newswire service - stating himself as the "Interim CEO" and determining what the corporations should do next. Shareholders - who have no doubt been hit hardest by the selfish behavior of Mr. Toledo - may report the fraud (and the unfortunate subsequent financial losses incurred) by contacting the Securities and Exchange Commission via their website at sec.gov .
"My clandestine affair with Sabine Schudel from the fall of 2006 through the summer of 2008 was, and still is, very regrettable. It was a terrible mistake. It is not something I am proud of, nor defending in any way, shape, or form. However, it certainly should not be made the grounds for a vacuous case. In the end, however, I am of the opinion that only God may truly be my judge."
"In all fairness, it is probably advisable that Ramon Toledo rather focus his time and inheritance on his ongoing tax fraud case between himself and US government (Case No. 07-60341-CIV-COHN/Seltzer.) instead of using his malicious press releases as an unimaginative diversion. "
http://www.freeprpressrelease.com/Thomas-Bibiyan-responds-to-false-and-defamatory-press-release-issued-by-Ramon-Toledo.htm
sabine schudel sure is funny
who is running the promotion ?
and now that im admin, lets keep it on topic please.
who has the info?
Fidelis Energy is the rookie?
wait
let me get this straight
but see guys why wouldnt they go after ramon toledo arnaiz, since he is the ceo
Additionally, the company will hire an accounting firm to provide the necessary filing to be listed on the Over the Counter by mid 2007.
Toledo said, "Mr. Carlos Escalante has joined the new management team as Chief Financial Officer (CFO). Carlos is the co-founder and CEO of Viastara, LLC and is the shaper of our value-oriented corporate culture. Due to his congenial personality, unique salesmanship and wide network of industry contacts in Mexico and Latin America, he has shaped Viastara into a profitable international business in less than a year. Viastara's value proposition is based on Carlos's many years of building and managing relationships in Mexico and beyond. Now, SearchGuy will leverage these relationships to connect its represented brands into the Mexican market quickly and effectively. Carlos has served for six years as General Manager for Mexico and Latin America at Gateway Computers, Inc. He was responsible for all operations, strategy and business development activities in that region. In a relatively short period, he obtained the representation of leading U.S., Canadian, and English brands in the consumer electronics and accessory market. He has successfully connected these products into the Mexican market and gained significant presence at the major retail and industry distribution channels. Carlos holds an MBA from Columbia University and a Bachelor of Science Degree in Accounting from San Diego State University. He is a Certified Public Accountant in the State of California and was a pioneer in facilitating the intricacies of NAFTA.
We also welcome Mr. Eric Willis, who has joined SearchGuy as our Chief Technology Officer. His knowledge and expertise will add strength to our IT support. Eric Willis is primarily focused in the technology / marketing / strategic integration areas. Having over 8 years of experience with Search engine technology, Eric is a great addition to the SearchGuy team. One of his talents lies in spotting new areas of opportunity in emerging technologies, especially web based, and trends other technology entrepreneurs have either yet to see or are unable to capitalize on without significant capital expenditures or development time. He prefers working on technology ventures that require no physical products or storage and instead offer automated services with a much lower overhead. This philosophy has allowed him to develop highly profitable companies and web based applications in the areas of emerging technology and online marketing with very little seed capital or cost of maintenance. It has also allowed him to spot trends using information retrieval and analysis on a large scale and then capitalize on those trends in each web application and service enhancement. His focus will be in forming a technical platform and strategy by which to create a clear leading market strategy for SearchGuy."
Toledo adds, "We have several new releases slated for the first quarter of 2007: A Spanish meta-search engine, a Chinese meta-search engine, and a social news offering just to name three. We expect 2007 to be a breakout year for SearchGuy. Our first release in the next two weeks will be a very sweeping redesign that is not only a grand increase in usability and navigation for our users, but also provides an exponential increase in speed. We are fully committed to providing our users with a great search experience." Toledo continued, "Going forward, we will maintain a sharp focus on innovating our technology in a way that delivers real user value. We have innovative technology, a strong roster of customers and business partners and an extremely talented group of employees. I look forward to continuing to work closely with our business partners and customers. We are currently positioning SearchGuy to have a lighthouse identify and we will fully reveal that strategy soon. 2007 will reveal a more transparent SearchGuy with a very definitive approach to the marketplace."
In conclusion, Toledo stated: "that he is committed to developing share holder value and has no intention of increasing the authorized shares, causing a reverse merger or any manipulation to dilute the value of SearchGuy." He is obligated to the share holder and has pledged to build value for SearchGuy investors. Toledo also added that he has personally retired all debt including positions held by former management. "We have cleaned the slate and are debt free. We enter 2007 with new management, a fresh approach and feel that the sky is the limit for SearchGuy."
http://www.freshnews.com/news/66605/newport-beach-searchguycom-inc-shgy-announced-its-reorganization-plan-and-resulting-chang
or am i missing something?
what?
under the jail? where you from chum..mmp ? one of ramon's buddies, no doubt about it.
=)
well ramon toledo arnaiz
Thomas Bibiyan responds to false and defamatory press issued by Ramon Toledo
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court.
FOR IMMEDIATE RELEASE
Oct 04, 2010 – Ramon Toledo recently issued press regarding a default judgment found by the courts in his favor for an excess of twelve million dollars. Sadly, no one has informed Mr. Toledo that receiving a default judgment does not necessarily prove and determine guilt on an issue. In this case, an ordinary deposition was missed due to a documented and unfortunate illness, and the case simply and automatically went into default the next day.
There was no jury trial, and no actual proof of any wrongdoing was set forth nor determined by the court. Not one single modicum of evidence, public nor private, can be found to implicate Mr. Bibiyan in the false allegations set forth by the frivolous case. He is a victim of blatant malicious prosecution.
Thomas Bibiyan -- all of 27 years of age -- is a known philanthropist and executive producer, having donated hundreds of thousands of dollars in aggregate to the arts and charitable foundations across the country(including the Red Cross and Chabad of California & New York, which remain his favorite causes). When asked for comment, the self-made entrepreneur stated thus:
"If someone sues you for looking at them funny, and you happen to be away and do not respond promptly, the case automatically goes into default. As it happens, it was indeed I who wanted a jury trial, and not Ramon Toledo, as I would have been easily exonerated of the baseless charges by a group of my peers.
Without question, an appeal will be filed, and a case for slander and causing unnecessary emotional distress will be the proper and timely response. In all fairness, it is probably advisable that Ramon Toledo rather focus his time and inheritance on his ongoing tax fraud case between himself and US government (Case No. 07-60341-CIV-COHN/Seltzer.) instead of using his malicious press releases as an unimaginative diversion. "
Prior to filing the civil suit against Mr. Bibiyan, Plaintiff Ramon Toledo(who often goes by Ramon Alberto Toledo and Ramon Toledo Arnaiz, among several other aliases) issued several complaints via counsel and threats of greenmail against Lenny Rachitsky - the CEO - and Mr. Bibiyan(never an officer nor director). Stating primarily that, if the Company were not immediately sold, that a lawsuit would soon commence. Having signed and notarized a settlement agreement, Mr. Toledo issued not one, but four press releases - incidentally through the very same newswire service - stating himself as the "Interim CEO" and determining what the corporations should do next. Shareholders - who have no doubt been hit hardest by the selfish behavior of Mr. Toledo - may report the fraud (and the unfortunate subsequent financial losses incurred) by contacting the Securities and Exchange Commission via their website at sec.gov .
"Let's end this non-sense" Mr. Bibiyan continued , "I am sincerely extending an offer to meet with me in person for an open forum public debate regarding the transgressions and losses seen by the shareholders at the hands of Mr. Toledo over the last several years. I'm absolutely positive shareholders have grown tired of Mr. Toledo hiding behind his Personal Computer and his counsel in such a cowardly, undignified fashion all these years. All shareholders will be welcome to attend to ask questions of us at the place of Mr. Toledo's choosing. I mean look, he says that 'Busca Corp is unaffiliated' - that is a complete lie; 'Busca' translates to 'Search' in Spanish, this scam corporation can't hide it's deceptive ways forever. How can someone constantly insult the intelligence of shareholders like this? Further, and perhaps more to the point, his prepared statement was devoid of any genuine eloquence whatsoever. Believe me, the man does not know words like 'egregious'. He not only owes me an apology, but the shareholders of the company he so recklessly ruined with his disregard for fiduciary duty and responsibilities."
When asked for any additional comment, Thomas Bibiyan said, in closing:
"But I digress, to be completely frank, I am at times flattered by his ongoing fascination with me, even though it has become somewhat of a smear campaign as of late. Anger can do strange things to people. Let me be clear on one final concession though: My clandestine affair with Sabine Schudel from the fall of 2006 through the summer of 2008 was, and still is, very regrettable. It was a terrible mistake. It is not something I am proud of, nor defending in any way, shape, or form. However, it certainly should not be made the grounds for a vacuous case. In the end, however, I am of the opinion that only God may truly be my judge."
its because of sabine schudel .
imo it could come back to a nickel or so in short time
.............
hmmmmmm
looking for developments here http://www.subjex.com/
anyone else ?
still long here
hoping for the best
Looking for some more info here, hopefully we'll get that in a few.
we'll see
probably overlooked
just my .02
agreed vz
now .039 , lets see if it bounces
agreed ONCO
vol seems to be spiking
Pictures of PLTG's Laurel County Project can be seen here: http://platinagroup.com/multimedia/kentuckypics.htm