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NewMoney

02/22/14 12:20 PM

#82224 RE: DaysOnTheBeach #82203

So the answer is "No there is no link to any imaginary discrediting because it has not been discredited."

Thanks, I knew that.

The ambulance chasers are here as a result of the libeous article

Wrong! They are here because investors lost millions on a crash based on alleged criminal fraud perpetrated by management in order to line their own pockets with investor money.

Nobody is going pay the ambulance chasers their fees for their witch hunt.


It doesn't work that way. Everyone can join the class and pay nothing to recover lost proceeds. This will be explained in step two of notifying the public, they will tell you to just call them and let them explain your options, you pay them nothing. Their fee is taken from the millions in money collected from the company upon a guilty verdict.

If they are cleared of all charges the law firms get no fees, that's why these investigating law firms are almost always right from the moment they first announce the intent to move against a company. This is their specialty, corporate fraud.
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loanranger

02/22/14 3:22 PM

#82244 RE: DaysOnTheBeach #82203

"The article is non-factual on its face"

Not entirely. There are issues of corporate governance that are raised that shareholders should care about, especially since some of them involve NYSE MKT listing requirements (shareholder meetings and votes, for example).

The one that caught my attention, raised in the court case, was posed this way in the SA blog:
"Where are NNVC's original articles of incorporation and bylaws? They are referenced in the 10ks but we cannot find them filed with SEC as they claim anywhere."

The list of Exhibits at the end of every 10-K ever filed by the company has started with the following 2 items:
3.1* Articles of Incorporation, as amended, of the Registrant
3.2* By-laws of the Registrant

The asterisk is explained below the list:
* Incorporated by reference to the Company’s registration statement on Form 10-SB, filed with the Securities Commission on November 14, 2006, as amended.
http://www.sec.gov/Archives/edgar/data/1379006/000114420413053084/v356235_10k.htm


However, when one refers to the filing made on November 14, 2006, this is all they see:
3.1 Articles of Incorporation, as amended, of the Registrant
3.2 By-laws of the Registrant
http://www.sec.gov/Archives/edgar/data/1379006/000114420406047712/v057372_10sb.htm

The Articles and By-laws are on the list of Exhibits yet the documents themselves are not exhibited, as they should be.


These are documents that enumerate the rights of shareholders and the duties and obligations of the company and its agents. They must be filed with the SEC and made available to public....there's no possible justification for them not to be. It should not require a lawsuit to make that happen.