Replies to post #29408 on Stella Diagnostics Inc (SLDX)

[Kool Aid Man]

Good question

Both the former Chairman & CEO (Marc Jablon) --and the company-- 3D EYE SOLUTIONS (aka. TDEY) are targets of the suit.

According to this story,

3D Eye Solution was given advance notice of this lawsuit and press release for commentary purposes only and appears to have chosen not to inform its shareholders of this material event.

http://online.wsj.com/article/PR-CO-20130626-908695.html

It also says he's no longer a shareholder nor is he shorting the stock.

So what happens if he prevails? Seems TDEY could be forced to pay.

[Kool Aid Man]

I assume that Sharp guy paid for the PR. This seems to be something he does but which I think could backfire on him. IMO he may just be looking for a settlement in exchange for just going away.

An investor expects management to operate in good faith. When they don't then that person has every right to sue. One thing for sure, Sharp knows the former longtime Chairman and CEO named in the suit as been found guilty of numerous illegal acts by the SEC. In fact, someone has until July 15th to claim the SEC's "Whistleblower" reward for reporting violations that "result in monetary sanctions exceeding $1 million."

Notice: 2013-38
SEC v. Big Apple Consulting USA, Inc., MJMM Investments, LLC, Marc Jablon, Matthew Maguire, Mark C. Kaley, and Keith Jablon
Case number: 09-cv-1963 (United States District Court for the Middle District of Florida)
Case filed: November 18, 2009
Qualifying Judgment/Order: March 29, 2013
Notice date: 4/15/2013
Claim due date: 7/15/2013
http://www.sec.gov/about/offices/owb/owb-awards.shtml

The following are all named in TDEY's "Q1 Notes to Financials" statement dated 6-7-13 as well as in their "Annual" Report filed 4-16-13 (included in the "Legal/Disciplinary History" on page 7)

Big Apple Consulting USA, Inc., MJMM Investments, LLC, Marc Jablon, Matthew Maguire, Mark C. Kaley, and Keith Jablon

My question is --how does the mere installation of a new Chairman and CEO this year absolve or protect this company from any legal claims? Common sense tells me it doesn't.

[penny4urFrauds]

None of those things are crimes but what is a crime is corporate hijacking a public company, concealing the issuance of shares and concealing the identity of a company's control persons. And lets not forget failing to disclose who pays for its investor relations --- a fraud charge/criminal violation. No matter what TDEY accomplishes, it was hijacked when it was Harbur Capital, the holding company for Nations Bank. For that it is at risk for a trading suspension regardless of the legitmacy of its present management. The SEC has suspends hundreds of companies.