All those who are hoping to get relief from a US court had better start reading the settlement cases being made by all the other Chiscams.
How about the latest - DGWIY. Why must investors settle for 10 pennies?
...it is highly unlikely that a United States judgement will be enforceable in the Peoples Republic of China.
In other words - the chinese could care less about what US courts decide!
15 is a low price for the privately held company in China. However ZSTN the empty shell in the US is almost worthless!
How do they OWE any US citizen anything if chinese law says the contrary?
US courts can rule as they please, however they can't compel authorities within China to enforce such rulings.
By when do you think stock will go up/pvt and we will get our returns? End of the year?
At what price approx? Any idea?
I agree, 15 is a low price for this company with 30% growth in earnings and revenue and a lot of cash.... It will take them 2 years in earnings to pay it.
Thanks Higgins.boson for the continues updates on the take it private battle. I just am hoping for $15 a share offer by ZTSN management! They own it to use long termers who have stuck with their company and their face - potentially ill well by the management. I pulling or Deutch and company to get justice for all!
Order | Filed: November 5, 2013 | Entered: November 5, 2013 Deutsch et al v. ZST Digital Netwroks, Inc et al
Contract: Recovery/Enforcement | New York Southern
Endorsed Letter ~Util - Set Hearings
ENDORSED LETTER addressed to Judge Robert P. Patterson from David Graff dated 11/5/2013 re: Counsel for Mr. Peter E. Deutsch and Receiver Robert Seiden respectfully requested that oral argument for both matters be adjourned from November 8, 2013 until December 13, 2013. ENDORSEMENT: Application granted. So ordered. This is a final adjournment. (Oral Argument set for 12/13/2013 at 03:00 PM before Judge Robert P. Patterson.) (Signed by Judge Robert P. Patterson on 11/5/2013) (rsh)
Not good for us. One shareholder will take the entire settlement amount, draining the company of cash.
Try this case number: 1:2013cv03781. It dated April 2013 but it still should be the same.
Uh Oh!!! We got an alias posting again. Born-On-Date = Member since: Apr 11, 2012!!
Bokhores, make sure you remember what board you are posting on and your stance on the stock because it gets tricky remembering all of those Logon-ID'ssss FOOL!!!!!!!
No news out yet! Might have to wait till next week for the legal media to say something about it! I usually find it by doing search on: "ZST Network vs. Peter Deutsch - october 4, 2013 meeting". WSJ Michael Rapoport reporter has been following this case with interest too. Mr. Rapoport covers accounting for The Wall Street Journal's Money & Investing section.
I subscribe to the publication and nothing is showing up yet! Just hope they settle!