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I was asked to submit the direct deposit information when I filled out the initial claim paperwork? I hope I'm not the only one to do so?
I think it is great we may be near the end of this journey. I guess I'm a little confused, Dan says the checks will be mailed today (4-9-18) and Tuesday (4-10-18), however I recall setting up direct deposit. We were asked to give our banking information to facilitate this process, so the term "mailing" confuses me.
I will keep my fingers crossed that the payment occurs, regardless of process, but we recently moved and if the checks are "mailed" this could be an issue.
Hopeful in Iowa!!
No he did not mention who the new attorney or firm was, he indicated that "she" had all of the necessary information to file with the SEC. I get so frustrated with the delays, I have been personally told on many occasions that it will finalized in 1-2 months and yet it hasn't. I guess we just have to be patient, as tough as that may be!
Just spoke with the contact I have had concerning Biozoom, Dan Marotto. I must admit frustration, he had asked me to contact him over three months ago and after numerous attempts on my part he finally answered today. He stated that the SEC had assigned a different attorney to our case, however she has all the necessary documents and he looks for a quick approval by the SEC now that everything has been filed. I asked him for a time frame for distribution and stated "we are done with everything as soon as the SEC signs off they will start cutting checks"! He went on to say "in the next two to three weeks". If I haven't seen anything by then to give him a call.
Let's all hope that this actually happens, it has been a long journey!
I just received a call back from my contact handling the Biozoom distribution today 10-23-17. He stated that there were a couple of loose ends that were just tied up, he felt that the eligibility list would be sent off to the S.E.C by this Thursday 10-26-17. I asked him for his thoughts on a time line for final approval and distribution? He asked me not to hold him to it, but he thought within 5-6 weeks. This would mean around December 1st. He went on to say that it has a good settlement and could be in the 60% range or slightly north of that, but the S.E.C still has to sign off on the final settlement. He asked me to call him in one month, so I will follow up with him 11-20-17 just before the Thanksgiving holiday.
I spoke with an individual who is working on the Biozoom distribution case today 8-22-17,, he stated that they were finalizing two "large" claims and then they would submit to S.E.C. He thought it would be a couple more weeks before they completed the large "one for one" claims. He asked me to call him back after Labor day for an update. Hope this helps all who are wondering.
Go to biozoomfairfund.com I emailed and received emails from Dan who is the distribution agent. Dan said it would "most likely" be around June 1-17 before the distribution occurs. You will see on the web site the money has already been transferred to the distribution agent and as soon as they finalize their due diligence they will submit the final distribution plan to the SEC, following that the distribution is to occur!
Received my package today, the cut off for submission is 10-31-2016 so it will be awhile before we see any funds. At least we are finally making progress for closure, and compensation!
I received an email reply from Dan on 7-15-16 responding to my inquiry of when we could expect movement and distribution of funds. He stated that he had one more approval from the SEC and then he would be mailing out the packets.
I tried calling the phone number left for Dan Marotto 415-798-5948, but was put in the voice mail of a different Dan with a sister company in New Jersey. They gave me a different direct KCC phone #866-381-9100, however that receptionist (who was very rude) gave me another number, KCC class action direct. The person answering that number said that the class action department does not take calls or direct contact I was asked to leave my phone #, full name, and my email. If anyone has a direct phone number for contact concerning the fund distribution that is not shown here I sure would be interested in getting it! FRUSTRATED!!
I believe it was posted here that someone had received a communication from Biozoom that production as well as trading "might" start in May 2014. I am now convinced that I have lost all of my investment and just hope for a way to take my losses from my tax returns.
I have seen "SO" many dates for release/production/stock trading renewal etc., that I presently don't believe any new dates.!!!!! I think it is time to contact the Federal Exchange Commission and find out when, or "IF" this stock will ever trade again. If not at least let us have the ability to trade/dump it and be able to write off our losses!!!
The last I heard, it was going to trade again May 1st 2014, well that date is coming at us like a freight train and I don't see it happening!!!
I hear you Markyboy, but I have received no reply from them to my email? I'm still in until after January, then all bets are off!
I sent an email today at 3:30 p.m., Iowa time. We will see what I get for a response, as a summary I simply asked if the stock was going to trade in January? If I don't get a response or nothing happens in January, I intend contacting the Security Exchange Commission, and perhaps a class action lawsuit. We will see???
Why no mention of proceeding with production and sale of the product??? Previously they had stated that they were going to be going to market in January (actually August was mentioned first). Since they answered with an email perhaps you could reply to that email asking about production and sales!!
Quarterly Report due soon, (If I'm correct) Is anyone else wondering if Biozoom will meet the time frame of filing a timely report, without having to file a report saying they are unable to file the report on time???? Months ago when contacted Biozoom said to follow their progress through the filings with the S.E.C., yet I have not seen one filing from them, other than a late quarterly report??? As we approach January and the much anticipated launch and sale of our product I get more concerned that we may just be getting the run around from Biozoom???? Has anyone received any recent information that might be considered positive for our stock situation? JUST WONDERING!!!
I plan on holding mine also, but I get concerned with the moving dates for action given by the company!! I recall them saying movement in August, then September, then "check our SEC filings", which have been few and far between. I can live with January since I don't have a choice, but I wonder what the next delay excuse might be? For us novices what exactly is a IMMHO?
I should have never posted anything on Biozoom, now the stock drops to.21. Ooh well can't trade it on Scottrade anyway. I'll just have to hang on for the ride. I must say the posting with the recent communication from Biozoom did little to give me a warm cozy feeling!!!
Do any of the readers of this site live near Biozoom's U.S. office location? It is located at 28310 Roadside Dr. #231, Agoura Hills, California. I live in Iowa, but if I were near their office address, as an investor I would knock on their door. I might not like what i find, but at least it would beat sitting and waiting for some type of action on their part.
The latest filing with the S.E.C. was for 10-Q on 8-19-13. Back in July I believe a post quoted an email from Biozoom that stated they would be filing reports soon and their legal staff was working on resolving issues? I get real concerned with their progress to resolve "any" issues! They had also stated that they would be going to market with their product in early September, I believe we have already passed that. I continue to hold my shares since I can't trade them anyway, but with each passing day I become more convinced that we have been had!!!