InvestorsHub Logo
icon url

RealDutch

12/11/21 10:22 PM

#163463 RE: Chrysanthemis #163462

Thanks for that.

5. A year has passed since the final approval order, but Plaintiffs have seen effectively no effort by Defendants to comply with the Settlement, only delaying tactics.

6. Indeed, Defendant Lee has continued to conceal from shareholders the Company’s actual financial condition. For a year after the execution of the Settlement, Defendants failed to file financials. Then, after being threatened with suit, Defendants filed unaudited financials for
fiscal year 2020 and the second quarter of 2021, containing materially false and misleading omissions, including that the Company’s “crown jewel” asset is in bankruptcy.



Pretty much what I suspected.
icon url

Skinny Mulligan

12/12/21 1:35 AM

#163468 RE: Chrysanthemis #163462

Thanks!! U R Awesome!!
icon url

bobbo2

12/12/21 3:23 AM

#163470 RE: Chrysanthemis #163462

Thank you "Chrysanthemis" for open up and transfer the files to this message board!

Thank you "Real Dutch" for the highlighting of the important parts in the massive
motion and memorandum.

Thank you to the Plantiffs , Arne H Fredly,Heng Ren SILK and Investments LP,
representing us all SIAF shareholders and the
US district court of New Your / an impressive work has been done and
now will start/

Thank you Euro China Capital / Carl Fredrik Danielsson for agree to withhold an
involuntary bankruptcy petition and believes that operating SIAF back to health
may be more beneficial for all.

A custodial temporary receiver is appointed by the court and accepted by the plaintiffs
The custodial receiver is planned to official be appointed after signatures from
the defender the 23 of December and the Plantiffs the 13 of Januari 2022.

"Within three days of that court Order , defendants Lee YIP Kan SOLOMON shall
Surender to the Receiver all keys, keycards, key fobs, premises, personal
the whole company.
The temporary Receiver will have the sole control of the whole company and
stay in total oparational control of the company as long as required
for the Court to determine whether a new permanent custodian shall be appointed.

The Receiver shall file audited and update financial disclosures with SEC and
give updates to the Company ´s board, shareholders including Plaintiffs, and the
Company's major creditors.[color=red][/color]

"Chrysanthemis" from your experience - How can we arrange / agree with the court
so we the shareholders will get the the updated info / reports from the temp. Receiver?