Replies to post #42160 on Demand Brands Inc. (DMAN)

[Helter Skelter]

That's wrong, Wooden Indian... > 57 million float...

57 million float. CEO has huge stake in our success. Lawomen is right on. Panic selling is all that's taking place here today. Don't throw your money away. Hang on and enjoy the ride.

...CEO is probably enjoying the preferred series B stock that is converting at a rate of 1 preferred share into 2,500,000 common shares...he and kern go back a long, long, ways...

kern, I believe, is Wilshire Capital and 'currently' doing business with INMG (coleman)...kern was the previous CEO of this garbage stock...

Aventura Holdings, Inc. Files Lawsuit Against Former Directors and Their Affiliates For Issuing Company Stock Absent Ascertainable Consideration

January 03, 2006 07:01 ET | Source: Aventura Holdings, Inc.

MIAMI, Jan. 3, 2006 (PRIMEZONE) -- Aventura Holdings, Inc. (OTCBB:AVNT) (Frankfurt:WKN#570891) ("Aventura") filed a lawsuit against T. Joseph Coleman, Peter Klamka, RTV Media Corp., The Coleman Family Trust, Vega 7 Entertainment and Wilshire Capital LTD. in the U.S. District Court in the Southern District of Florida. Aventura asserts that shortly before resigning as Officers and Directors of Aventura, T. Joseph Coleman and Peter Klamka issued Company shares to themselves and their affiliated entities absent ascertainable consideration.

As a Business Development Company, Aventura is governed under the Investment Company Act of 1940 which forbids issuing Company shares for services. Prior Management has suggested that the consideration was not cash or payment but services, conflicting with Section 23a of the Investment Company Act of 1940, the acceptance of which services would be in violation of such Federal law governing investment companies.

Aventura's lawsuit seeks return of improperly issued shares, judgment for amounts due, court costs and such other and further relief as the Court may deem proper.

Link > Now INMG