There is a difference now. That difference is the lawsuit settling. Of 61 on going China RTO class action suit, SCEI will be the first to reach final settlement. Some of us think that there is a strong likely of them ending their dark period after July 1st, but are willing to take action if they don't. I am sure they are sick of lawsuits and don't want anymore shareholder lawsuits.
Yes just wanted to re-enforce what Jim, said, the shareholders who are getting together and could file a 13D because they will own over 5% of the shares are not interested by another lawsuit but rather trying to talk as a single voice to ask the company to start communicating again, based on the advice of some lawyers, we decided to wait until after July 1st when the current lawsuit will be finally settled for good to take any kind of action, this didn't stop us from getting people together in the event the company didn't start communicating after July 1st. We don't know yet how much of an impact we can have but so far we have received support of lots of shareholders, in fact between those willing to file a 13D and those supporting such a filing, we are slowly approaching 10% of the shares at 15% we would have enough shares to require the company to open up their books as per the Nevada laws even if they have not filed a 10K. Again we are in unknown territory as none of us has done that before but we believe talking as a group gives us more chances of success than trying to communicate as single individuals. This is all what we want at this stage, if we are not heard, the filing of a 13D will provide enough public visibility to all non insider shareholders to hopefully get even a lot more support for our initiative, potentially allowing us force the company to act and start communicating again.
I kinda think Ren & Co would LOVE the sort of lawsuit you are proposing!
Since you basically assert that this is a 100% honest, legit, outstandingly profitable company sitting on hundreds of millions of dollars in verified audited cash... and your group's only complaint to sue over is that they should resume filing financial statements with the SEC so the shares can be listed again, perhaps this time on NYSE.
As they must be the only non-mining energy multinational* in the world that can mix coal with water and then sell it at a 40% gross operating margin -- water, now being a highly desirable additive to producing energy by combustion.
They have no debt, oodles of cash (actually, they never needed to raise cash by issuing shares on Nasdaq in 2010 -- that was just a kind gift to the bagholders, as it has been languishing unused on the balance sheet ever since at virtually zero interest), and a growth rate to make the koch brothers drool... I think once they file again on July 2 (is that day right, Jim?), with a verified audit by Thornhill, the market cap could exceed that of Exxon/Mobil.
Better load up now! (But careful, don't want to push the price above .25, better not be too greedy.)
Maybe if we keep manipulating the close price higher, we can set up the chart to lure in a few technical traders to pump up the volume too.
* Multinational: in this case, some sheds in the boondocks of China & a small consulting gig in Thailand... but hey, it's multiple countries.