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Sino Clean Energy Inc Message Board

  • waldoa Jul 16, 2013 1:14 PM Flag

    $0.20. SCEI Owners' Group activism efforts underway

    Expect further developments in the coming weeks.

    Sentiment: Strong Buy

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    • Waldoa;

      Something that crossed my mind here with regard to dealing with Nevada-domiciled corporations (I've never had to litigate against a Nevada corp. before). Purely as a hypothetical, recognizing that you'd prefer to not file suit unless other avenues fail--

      Let's suppose that the defendant Nevada corporation has allowed its NV business license to lapse (which appears likely in the SCEI case). Does a Nevada court really have any meaningful jurisdiction at that point? It seems to me that the most serious punitive measure available to the court would be revocation of the defendant corporation's Nevada business license, particularly considering that Nevada has for years sought foreign corporations (both out-of-state U.S companies and companies in other nations) to take up "residence" there, so one would expect this question to arise from time to time.

      I don't pretend to know the answer; just academic curiosity.

      • 2 Replies to china_s2
      • waldoa Jul 17, 2013 2:33 PM Flag

        china_s2: Thanks for another set of excellent and balanced thoughts as opposed to hyperbole that tends to dominate on theis message board. As of yesterday, our well-placed legal sources informed us that the Company's NV business license should be renewed in the coming months now that the judge's final settlement order has been entered on the consolidated shareholders lawsuit.

        Sentiment: Strong Buy

      • thank you chinas2----I have been wanting to ask What action can the federal gov't agencies, especially the SEC take to force a company like SCEI in its current legal status here in the USA to live up to its obligations to American stockholders regarding its current condition as a stock company regardless of the fact that it has been delisted.??? Nevada, obviously, has little interest in investors getting screwed if it interferes with their pursuit of profit from a lax legal setup for foreign companies, along with their fellow RED, White, and Blue Americans in Delaware. Does anyone know what, if any, help we can get from our federal government in this situation and how we would go about acquiring it???

    • shareholdermeetingisafraud shareholdermeetingisafraud Jul 16, 2013 2:48 PM Flag

      So with your "activism efforts underway" you must now be looking at painting signs and picketting Loeb & Loeb for not passing on the letter of suggestions by jimsutter10? Wheres the 13D filing waldoa? You said you have almost 10% of shares a long time ago and it only takes 5%.

    • Thank heaven. For a minute, I thought suing the company to make the share price go up might not work.

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