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Hi my brother,
Thank you for responding my post. It makes me happy to know that you are still holding your shares.
I have a question: where in the SOS filling you can see the company is owned by a US person? As far as I know, Richard Oravec was (or still, I don't know) working with HLK Biotech, perhaps he used an US address for that particular reason.
Being delinquent in taxes: I believe it's a political thing. HLK Biotech was awaiting the results of the election. In my mind, if Trump had won the election and kept the embargo against China and Chinese companies, I would refrain to go through all the work and then have my company delisted because political reasons. But since the outcome of the elections was different, that's why they're moving ahead with the original plan. And I believe the taxes will be paid shortly.
And we, as shareholders, are going to have a fruitful 2021.
Thank you again.
That's what I've been saying. AMHD is a $100+ pps stock.
By the way, are you from China?
You got a follow.
$IDGC: IDGlobal Corp. Announces Corporate Update
https://www.accesswire.com/634231/IDGlobal-Corp-Announces-Corporate-Update
I heard from them on Tweeter, they are going Pink Current shortly:
IDGlobal Corp. is excited to share that we are currently working on the process of updating our financials with the goal of becoming pink current. $IDGC
— IDGlobal Corp (@IDGlobalCorpInc) February 19, 2021
Good day to you all,
I am going to share with you part of my DD, as well as my impressions of what is going to happen shortly:
1) Yes, as you mentioned really well, the share structure is awesome, with one of the lowest float I've seen in OTC, and it would take just a little volume to send $AMHD to multi-dollar land;
2) I know the company - HLK Biotech is under the umbrella of a conglomerate of companies; they have been in good standing business for over 25 years in Asia;
3) According to my DD, the intention of the company is to be listed in NASDAQ;
3) And here is where things begin to get very interesting: the original shareholders, which held 100M shares, are pressuring the company to move on with the plan, specially now that Trump is no longer the POTUS. Here is the link for the original shareholders disclosure: https://backend.otcmarkets.com/otcapi/company/financial-report/194713/content
And here's another thing: The original shareholders CANNOT sell their shares until the company is current for at least a year, and that's why they have been pressuring the company, because they want to get the return of their investment;
4) Knowing the company business and assets, $AMHD is a $100+ pps;
5) And another reason you mentioned that with a few trades it would send AMHD to dollar land is because shares are very, very scarce - in fact I believe that the shares that have been sold so far are concentrated in the hands of few people, which are not selling because they know what they have in their hands. And the few sales we've seen might be due to lazy sellers who don't know what they have.
That's why we've seen this recent accumulation and consequently the pps has raised a bit. But it's still way far from the real value. Again, this is a multiple hundred dollars stock. And as people usually say, somebody knows something.
And the company better be working on a S-1 by now, because clock is ticking...
Hope this helps and clarifies.
Thank you.
May/2020, to be more precise.
Last year, check the chart.
I was part of a 31,000+% $NWAU epic run not too long ago, and it is still here, no suspension, no delisting, no nothing.
Snelly my brother, we're going to run soon. I'm thinking about getting into this train. I've seen people accumulating a lot lately.
$AMHD is going to fly soon!
Please furnish you DD on your statement.
Stimulus checks being targeted... LOL
Someone is quietly accumulating, this is for sure.
I'm inclined to jump into this, because a single blowing of volume sends $AMHD to dollar land.
Thank you very much for posting this. I went ahead and tweeted this, hope you don't mind. Have a great rest of weekend.
https://twitter.com/nygrande/status/1368556940628987904
It was the right call, right?
what's going on? $HCMC is trading since 8:30 am! 0.0015 already.
The real DD on SLV, the worlds biggest short squeeze is possible and we can make history
https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/?utm_medium=android_app&utm_source=share
Yes, very interesting. In my opinion, it's just the matter of getting some volume for $DKGR to fly.
$RLFTF: Acer and RLFTF is a win win. There are great value in this deal for RLFTF. It adds value to RLFTF. Plus, the RFL100 and trail 2b/3 data are pending final review. This stock will be launching high shortly...
https://www.benzinga.com/news/21/01/19291947/relief-therapeutics-acer-therapeutics-signed-option-agreement-for-exclusivity-to-negotiate-a-collabo
Thank you very much for clarifying and for the tip. I am going to place a order to sell at $10.00 then, perhaps I get lucky of finding a “fat finger”. Perhaps I can get even $100.00, if the finger is too fat. LOL
And it seems to me that JUVAF is still very much under the radar. I found out yesterday (a friend of mine told me about it), got myself a small position and now let's see where it's going to head to. Looked for a board on ihub, not even a board for JUVAF was created, which I did.
My only concern here is about JUVAF people getting too eager to uplist boards, then do a reverse split. Hopefully it will maintain the pps above $1.00 and no r/s will happen.
Buying dips here.
Besides one crazy trade today (in the beginning of the day it went straight to $2.65 and immediately went back to $1.90), it maintained the $1.80 pps.
Yeah, this one was huge!
$NWAU is running under the radar since yesterday. Someone knows something and is quietly accumulating. Don't forget the epic run we had in May/2020.
Carlos Ghosn as well...
Tupac Shakur
Hey, long time no see you, my brother!
Most likely this post is going to be deleted, so read quickly:
IMO, this is what happening: MM's created the $NOHO hype in order to get rid of the shares they bought for 0.00001 or less, with a gain of 20,000% in some cases (when they sell for 0.0002).
I'm out too, with a 100% gain in 5 years.
You know, I know: everything that Gelmonster put his hands don't prosper, nor flourish, thrive, neither succeed - fact.
I wish good luck to all of you who bought $NOHO. Unfortunately, it is no longer for me. Unlike some people, I wouldn't say that $NOHO is a no go - I hope it goes one day.
I'm investing on $RXMD because the company has a great business plan. And what's happening is part of it. I don't care about the 200 million OS increase. $RXMD is going to be fruitful shortly. Rapid Testing - that's what we all need to begin the combat against COVID-19. Otherwise we're screwed.
In addition, $RXMD is under the radar of big pharma companies.
To do list:
Get current, get r/s approval; get ready...
Just did.
Uncle Ernie,
Told ya about $RYCEF & $RYCEY!
Yes, he's the real deal. We can prepare ourselves for a never seen before ride on $PVDG!
Thank you for bringing this to our attention!
$VALE pps is not where I am expecting yet, but it will be there shortly ($15).
Poverty Dignified, Inc. Announces Change in CEO and Change in Board Composition
3:26 PM ET 6/3/20 | Dow Jones
Kennewick, Washington--(Newsfile Corp. - June 3, 2020) - Poverty Dignified, Inc. (OTC Pink: PVDG) ("Poverty Dignified" or the "Company") is pleased to announce a change of control and change in management.
Effective June 1, 2020, Chairman of the Board and CEO Matthew Alpeter and CFO George Critz III have transferred voting control and elected James C. Katzaroff as CEO and as Chairman of the board of directors.
Immediately thereafter, Mr. Alpeter and Mr. Critz resigned as CEO and CFO to concentrate on the operational success of Poverty Dignified's wholly owned subsidiary, Sun Ovens International, Inc.
Mr. Katzaroff stated, "I am delighted to lead the Company and our team forward as Poverty Dignified and Sun Ovens continues expanding its business plan. It is my intention to assist the Company and Sun Ovens to further penetrate the marketplace while actively searching to add to our portfolio of opportunities and reviewing several interesting and timely possibilities."
NOTICE REGARDING FORWARD LOOKING STATEMENTS
This news release contains forward-looking information within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including statements that include the words "believes," "expects," "anticipate" or similar expressions. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
CONTACT
Poverty Dignified, Inc.
www.povertydignified.com
jkatzaroff@katmoi.com
509.491.0701
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57195
> Dow Jones Newswires
June 03, 2020 15:26 ET (19:26 GMT)
Aurora Cannabis nets C$27.6 million in sale of Alcanna shares to underwriting syndicate
7:59 AM ET 6/3/20 | MarketWatch
Aurora Cannabis Inc. (ACB.T) has agreed to sell 9.2 million shares of Alcanna Inc. to an underwriting syndicate led by Cormark Securities Inc. for a price of C$3 {$2.21) each to raise a total of about C$27.6 million, Alcanna said on Wednesday. The shares are equal to a roughly 23% stake in Alcanna, a retailer of alcohol in North America that is the largest in Canada with 231 stores in Alberta and British Columbia. Aurora will have no remaining shares in Alcanna once the deal closes around June 24. Aurora shares were up 0.5% premarket, but have fallen 48% in the year to date, while the Cannabis ETF (THCX) has fallen 14% and the S&p 500 has fallen 5%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
> Dow Jones Newswires
June 03, 2020 07:59 ET (11:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Alcanna Inc. Announces $27.6 Million Secondary Bought Deal Offering by Aurora Cannabis Inc.
7:48 AM ET 6/3/20 | Dow Jones
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/
EDMONTON, AB, June 3, 2020 /CNW/ - Alcanna Inc. (the "Company") (TSX: CLIQ) and Aurora Cannabis Inc. ("Aurora") (NYSE: ACB) (TSX: ACB) jointly announce that they have entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 9,200,000 common shares ("Common Shares") of the Company currently held by Aurora (the "Offered Shares") at a price of $3.00 per Offered Share and offer them to the public by way of short form prospectus for total gross proceeds to Aurora of approximately $27.6 million (the "Offering"). The Underwriters have not been granted an over-allotment option.
The Offered Shares represent approximately 23% of the issued and outstanding Common Shares of the Company and all of the Common Shares held by Aurora. As a result of the Offering, Aurora will no longer beneficially own, control or exercise direction over any remaining Common Shares in the Company. No Common Shares are being sold by the Company. The net proceeds from the Offering will be paid directly to Aurora, and the Company will not receive any proceeds from the Offering.
Closing of the Offering is expected to occur on or about June 24, 2020, or such other date as may be agreed upon by the Company, Aurora and the Underwriters, and is subject to customary closing conditions and regulatory approvals, including that of applicable securities regulatory authorities.
The Offered Shares (i) will be qualified for distribution in Canada by way of a short form prospectus of the Company to be filed in each of the Provinces of Canada, other than Quebec, (ii) may be offered in the United States on a private placement basis to Qualified Institutional Buyers pursuant to an exemption from the registration requirements provided by Rule 144A of the United States Securities Act of 1933 (the "U.S. Securities Act"), as amended, and applicable state securities laws, and (iii) may also be offered in certain other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdictions.
No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offer of securities for sale in the United States. The Offered Shares have not been and will not be registered under the U.S Securities Act and such securities may not be offered or sold within the U.S. absent registration under U.S. federal and state securities laws or an applicable exemption from such registration requirements.
This press release is issued by Aurora pursuant to the early warning requirements of National Instrument 62-103, which also requires a report to be filed containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear under Alcanna's profile on the SEDAR website at www.sedar.com
ABOUT ALCANNA
Alcanna is one of the largest private sector retailers of alcohol in North America and the largest in Canada by number of stores -- operating 231 locations in Alberta and British Columbia. The Company also operates 31 cannabis retail stores under the "Nova Cannabis" brand, with 30 locations in the Province of Alberta and one in the Province of Ontario. Alcanna's common shares and convertible subordinated debentures trade on the Toronto Stock Exchange under the symbols "CLIQ" and "CLIQ.DB", respectively. Additional information about Alcanna Inc. is available at www.sedar.com and the Company's website at www.alcanna.com.
ABOUT AURORA
Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. Aurora's presence spans 25 countries across 5 continents with a brand portfolio that includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and ROAR Sports. Providing customers with innovative, high-quality cannabis and hemp products, Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our website at www.auroramj.com.
Aurora's common shares trade on the TSX and NYSE under the symbol "ACB", and is a constituent of the S&P/TSX Composite Index.
ALCANNA FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "continue", "anticipate", "will", "should", "plan", "intention", and similar words suggesting future events or future performance. All statements and information other than statements of historical fact contained in this news release are forward-looking statements. In particular, this news release contains forward-looking statements pertaining to the receipt of regulatory approvals, the completion of the Offering, the timing of closing of the Offering, and the impact on the trading price of the Common Shares following completion of the Offering.
With respect to forward-looking statements contained in this news release, the Company has made various assumptions in drawing conclusions or making the projections contained in the forward-looking statements in this news release. Although the Company believes that the expectations reflected in the forward-looking statements, and the assumptions on which such forward-looking statements are made, are reasonable, especially given the unprecedented uncertainty of the full extent and impact of COVID-19, there can be no assurance that such expectations and assumptions will prove to be correct. Readers should not place undue reliance on forward-looking statements included in this news release. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that may cause actual performance and financial results to differ materially from any estimates, forecasts or projections. These risks and uncertainties include, among other things, the duration and severity of the COVID-19 pandemic on the business, general economic and political conditions in Canada (including Alberta), and globally; industry conditions, including changes in government regulations; fluctuations in foreign exchange or interest rates; failure to obtain regulatory and third--party consents and approvals when required; changes in tax and other laws that affect us and our security holders; the potential failure of counterparties to honour their contractual obligations; stock market volatility; and the other factors described in the Company's public filings (including the Annual Information Form) available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking statements contained in this news release are made as of the date hereof. Except as expressly required by applicable securities legislation, Alcanna does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
AURORA FORWARD-LOOKING INFORMATION
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These forward-looking statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions, estimates and assumptions of management in light of management's experience and perception of historical trends, current conditions and expected developments at the date the statements are made, such as current and future market conditions, the current and future regulatory environment and future approvals and permits. Forward-looking statements are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking statements, including the risks associated with the closing of the Offering, general business and economic conditions, changes in laws and regulations, product demand, changes in prices of required commodities, competition, the effects of and responses to the COVID-19 pandemic and other risks, uncertainties and factors set out under the heading "Risk Factors" in the Company's annual information form dated September 10, 2019 (the "AIF") and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com and filed with and available on the SEC's website at www.edgar.gov. The Company cautions that the list of risks,
(MORE TO FOLLOW) Dow Jones Newswires
June 03, 2020 07:48 ET (11:48 GMT)
Aurora Cannabis to Acquire Reliva for $40 Million in Stock
The Canadian cannabis company says the move will be immediately accretive to Aurora shareholders.
TOM BEMIS3 HOURS AGO
Aurora Cannabis (ACB) - Get Report said Wednesday it is acquiring privately-held Reliva in an all stock deal worth $40 million in order to gain entry to the U.S. cannabinoid markets.
Canadian-based Aurora said the deal should be “immediately accretive to Aurora on an adjusted EBITDA basis.”
The transaction is expected to close in June.
The move comes just days after Aurora completed a 1-for-12 reverse stock split to avoid being delisted on the New York Stock Exchange.
“Aurora and Reliva will partner to create an international cannabinoid leader that we believe can deliver robust revenue and profitable growth," said Michael Singer, executive chairman and interim CEO of Aurora in a statement.
Source: https://finance.yahoo.com/m/b99a949d-24dc-354a-a627-0994ec7bcf12/aurora-cannabis-to-acquire.html
Press Release: Sugarmade Announces Record 58% Month-Over-Month BudCars Sales Growth Ahead of LA Launch
8:00 AM ET 5/13/20 | Dow Jones
NEW YORK, May 13, 2020 (GLOBE NEWSWIRE) -- Sugarmade Announces Record
58% Month-Over-Month BudCars Sales Growth Ahead of LA Launch
NEW YORK, May 13, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Sugarmade,
Inc. (OTCQB:SGMD) ("Sugarmade", "SGMD", or the "Company"), and its
BudCars Cannabis Delivery Service ("BudCars"), is excited to announce
record growth data for BudCars sales during the month of April, with
sales growing 58% on a sequential monthly basis over March sales on an
average daily volume basis. In addition, data for the month of May
already show a strong continuation of that trend, with May sales on pace
to add another 16% over and above the strong breakout sales trend seen
in April.
"We did about $6,000 per day in sales in March and over $9,500 per day
in April, representing a very robust growth trend at our Sacramento hub,
" commented Jimmy Chan, CEO of Sugarmade. "May is already off and
running at better than $11,000 per day, demonstrating continued dramatic
growth. And investors should also note that this $11,000 per day figure
represents activity in only one area. With our LA hub set to come online
at the start of summer, and with the unprecedented stay-at-home
extension in that region, we believe our daily sales in the LA area
could triple that figure relatively quickly."
Management notes that the California cannabis market is beginning to run
into widespread shortages as demand surges over recent weeks. The
Company wishes to assure shareholders that it has extremely strong
supplier relationships and sees low risk of any issues in securing
forward product inventories. Furthermore, as the Company's competitors
run into potential issues in securing their own inventory for
distribution, management believes BudCars will likely see market share
gains, providing another potential driver for near-term sales growth.
In addition, the Company continues to make strong strides toward the
opening of its first Los Angeles hub, which should be secured and
ramping up by July. With news out this week that Los Angeles County
plans to extend its Stay-at-Home order through the month of July, the
Company anticipates a very strong launch context as its new LA hub ramps
up given the extra demand for delivery services that has accompanied
stay-at-home conditions around the state.
Chan continued, "We are starting to see a market context where supplier
relationships matter more than just about anything else, which plays to
our strengths. Demand growth continues to be off the charts across the
California cannabis market, and producers are struggling to keep up.
Those trends are pairing up with both structural and situational forces
to provide a huge tailwind for BudCars. In addition, we remain on
schedule for a July launch for BudCars Los Angeles, which will
conservatively add another $20 million in annualized sales on the top
line."
About Sugarmade, Inc.
Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing
company investing in operations and technologies with disruptive
potential. Our Brand portfolio includes CarryOutsupplies.com,
SugarRush(TM) and Budcars.com. For more information please reference
https://www.globenewswire.com/Tracker?data=FYstLZfr6lUK2fLDJmAbkmfRDKeTM1aFLEY84GZMz15j-ktSt_MOmPPXxPbRzcoIp_VHoHZRChXOEU3gzmP61g==
www.Sugarmade.com.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Forward-looking
statements also may be included in other publicly available documents
issued by the Company and in oral statements made by our officers and
representatives from time to time. These forward-looking statements are
intended to provide management's current expectations or plans for our
future operating and financial performance, based on assumptions
currently believed to be valid. They can be identified by the use of
words such as "anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely," "may,"
"should," "would," "could," "will" and other words of similar meaning in
connection with a discussion of future operating or financial
performance. Examples of forward-looking statements include, among
others, statements relating to future sales, earnings, cash flows,
results of operations, uses of cash and other measures of financial
performance.
Because forward-looking statements relate to the future, they are
subject to inherent risks, uncertainties and other factors that may
cause the Company's actual results and financial condition to differ
materially from those expressed or implied in the forward-looking
statements. Such risks, uncertainties and other factors include, among
others. such as, but not limited to economic conditions, changes in the
laws or regulations, demand for products and services of the company,
the effects of competition and other factors that could cause actual
results to differ materially from those projected or represented in the
forward looking statements.
Any forward-looking information provided in this release should be
considered with these factors in mind. We assume no obligation to update
any forward-looking statements contained in this report.
Corporate Contact:
Jimmy Chan
+1-(888)-982-1628
https://www.globenewswire.com/Tracker?data=3SOtu5clawipxwPr27dK4aDmiab8MgEuTxgFCr-_Al3spDaOcD3-qktwPX-dZkue4PKcubZbECRQxCjStA_4vKbPaifH73OQGTLTih0GvpM=
info@Sugarmade.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
https://www.globenewswire.com/Tracker?data=9iz87aLttiyDo3teolstz0C4dbs5EVyB_sSKbe9zMt10SCbCTCf7mwOaBn_kxyPjHWgiuzRrFYuXdviZYr2nXMXxZtC8kfm60m3ay8wp6qISLpfEX8jvhZj2dQoqz_Hh
www.InvestorBrandNetwork.com
310.299.1717 Office
https://www.globenewswire.com/Tracker?data=XEYLik_L5AaYWCnTMShsRizc3jStLwSN7iHbN6mcZkC9XJsQwVtuY-ZrftV0jLI8RmYKA90Nx6r-6CP2EiumltzaOaWFAe02anBz5K2ymEfESFLLtnrf-VzBgZsWzCp8epOptoANPMwkdh7u61E3fQFnh1vQwZjQZy1Mww-uvPjC-BqLJj2wx529092mVH9R8-q0KFdgvw53YVaAlm3DBun9Cfi9z4jjEojDNJGBuUe6ly_ODhA6A-wjWuFGC7tr-bFUYbjacbtknvXhVMtPuGO9DOh4M-RZgcMjIbUgUVoR4KUQfDzrsL9gGj19hIWi
Editor@InvestorBrandNetwork.com
> Dow Jones Newswires
May 13, 2020 08:00 ET (12:00 GMT)
IF YOU WANT TO INVEST IN A MARIJUANA COMPANY, $SGMD IS THE REAL DEAL!
Yesterday it was 35,000% up. It would be nice a stock running at this pace every day. It needs time for consolidation.
Are we set for another monster run?
Do the math on 3M shares... I haven't sold a single one yet!
$NWAU, WOW, WOW, WOW!
$200K in a single day!
Mining Company Alleges Diamond Trader Stashed Money in New York Real Estate
10:32 AM ET 5/7/20 | Dow Jones
By Konrad Putzier
A Brazilian mining company is turning to a U.S. court to obtain information related to its allegations that an Israeli diamond trader made undisclosed investments in New York City real estate.
In 2019, Vale SA won a $2 billion arbitration award against a company tied to diamond trader Beny Steinmetz. The Brazilian miner has been trying to collect the money since then, and it has been trying to track Mr. Steinmetz's holdings around the world.
Vale is asking a U.S. District Court in New York to order a number of real-estate companies to turn over information that Vale alleges could show that Mr. Steinmetz made certain property investments, according to an application for a discovery order filed last month with the court.
The mining company alleged in the filing that entities affiliated with Mr. Steinmetz invested in 12 properties in New York City and one in Chicago through a joint venture with New York developer HFZ Capital Group.
A representative for HFZ said in a statement: "HFZ Capital Group has no involvement with Benny Steinmetz or his companies. Mr. Steinmetz is not an investor in HFZ or any of its developments. For some unknown reason, Vale is casting a wide net to harass multiple real-estate companies and drag them into their foreign dispute. HFZ has no information relevant to that dispute and we look forward to the court clarifying these details in the near future."
In a statement, a spokesman for Mr. Steinmetz accused Vale of pursuing a "budget-less scorched earth litigation policy." Vale declined to comment.
The April filing adds a new wrinkle to one of the mining world's most high-profile legal disputes.
A decade ago, Vale and Mr. Steinmetz's BSG Resources Ltd. launched a joint venture to develop a massive iron-ore mine in Guinea. In 2014, Guinea's government revoked the venture's right to develop the mine after an investigation concluded that people close to Mr. Steinmetz bribed a previous administration.
Vale has been trying to recoup the $500 million it paid BSG for a stake in the venture, along with more than $700 million it spent developing the mine.
Following the $2 billion arbitration award in a London court, BSG Resources filed for bankruptcy in the U.S. last year, citing as its only assets a legal claim against investor George Soros.
Write to Konrad Putzier at konrad.putzier@wsj.com
> Dow Jones Newswires
May 07, 2020 10:32 ET (14:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
The entire aviation industry has suffered a hit due to corona virus outbreak.