More info at Gilardi law firm site
Why should CBEH pay more?
This site provides information concerning the Sino Clean Energy, Inc., (“Sino Clean”) Settlement Fund created by the settlement of a securities case brought by Lead Plaintiff in a class action initiated in the United States District Court for the Central District of California. Within this site, you will find information about key dates, your legal rights and options, related case documents, and contact information.
The Settlement Fund is comprised of $2,000,000. Your eligibility will depend on the number of shares of Sino Clean common stock purchased or acquired pursuant to and/or traceable to the Registration Statement and Prospectus for the Secondary offering of 5,465,00 shares of the Company offered at a price of $5.25 per share which became effective December 21, 2010 (the “Offering”), and were damaged thereby.
Key Dates
Claim Submission Deadline:
June 7, 2013
Exclusion Deadline:
June 7, 2013
Objection Deadline: (and/or Deadline for Request to be Heard by the Court)
June 7, 2013
Fairness Hearing:
July 1, 2013
Your Legal Rights And Options
SUBMIT A CLAIM FORM BY JUNE 7, 2013.
This is the only way to be eligible to get a payment from the Settlement. If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Settled Claims (as defined in ¶64 of the Notice) that you have against Defendants and the other Released Parties (defined in ¶65 of the Notice), so, if you remain in the Class, it is in your interest to submit a Claim Form.
EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN JUNE 7, 2013.
If you exclude yourself from the Class, you will not be eligible to get any payment from the Settlement Fund. This is the only option that allows you to ever be part of any other lawsuit against any of the Defendants or the other Released Parties concerning the Settled Claims.
OBJECT TO THE SE
Yes.
Sorry Bob and waldoa, the short position is offset by the convertible pref shares originally held by Vision UK which has been wound up .
I believe they shorted because they did not want lose face with Gau by converting the prefs and selling the common. What I really want to know is if the prefs have been converted since the Dec 31, 2010 report.
Vision US did not file as an insider this year, also very strange, so who owns or controls the prefs now? Surely Vision was required to file showing a disposition.
Good to see large holders declaring positions.
All these lawyers must be costing Gau a tidy sum unless the D&O liability insurers are footing the bill.
We recently increased our working interest in Gunflint to 31% from 26%, and are currently drilling our second appraisal well. This well should complete our appraisal drilling and will help determine our development plan. There is a deep exploration zone to this well, which if successful can result in a standalone development. We expect results late second quarter or early third quarter, with a possible sanction to follow later in the year.
Following the Gunflint appraisal, we plan to drill the offset to our Big Bend discovery at Troubadour. If successful, Troubadour would likely be another subsea tieback similar to Big Bend. We expect to sanction Big Bend this year, and is possible that Troubadour could be sanctioned at the same time and codeveloped with Big Bend.
Last 10 trades today Time X Price Chg Vol
09:36:30 Q 4.0176 0.1276 1,000
09:36:30 Q 4.011 0.121 1,741
09:36:30 Q 4.011 0.121 1,700
09:36:30 Q 4.011 0.121 1,700
09:36:29 Q 4.0137 0.1237 149
09:36:29 Q 4.0137 0.1237 100
09:36:28 Q 4.01 0.12 200
09:36:28 Q 4.019 0.129 300
09:36:28 Q 4.019 0.129 300
09:36:28 Q 4.019 0.129 300
Certainly are keeping an eagle eye on this board.
Might have something to do with the legal action scheduled for next week.
Sorry folks, tmbiogen is not an alias.
CBEH out of all the Chinese stocks has the most cash and no debt to speak of.
Maybe mizesaw could put mind to getting Vision Capital to file on their current holdings, that would be interesting and I'm sure the SEC wants to know why they did not file months ago..
P.31 of the complaint (link in the LPIH PR) gives contact information for Longwei's counsel.
Anyone here who has additional info which may assist counsel is invited to assist.
TAIYUAN CITY, China, March 25, 2013 /PRNewswire/ -- Longwei Petroleum Investment Holding Ltd. (OTC Markets "LPIH") ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China ("PRC"), announced that it has filed a complaint (the "Complaint") on March 19, 2013 in the United States District Court Eastern District of Pennsylvania (the "Federal Court") against Defendants Geo Investing, LLC ("Geo") and Jon R. Carnes ("Carnes") (collectively, the "Geo-Carnes Enterprise"), and Seeking Alpha Ltd. ("Seeking Alpha"), (collectively, "Defendants").
Longwei alleges in the Complaint that on January 3, 2013, Defendants, acting in concert, authored and/or published an article on the Company (the "Geo Report"), which they knew contained numerous false and defamatory statements about Longwei's business operations to directly discredit the Company's business reputation and constituted libel per se.
Accordingly, as a direct result of the Defendants' commercial disparagement, unlawful conspiracy, fraudulent conduct, ongoing conspiracy, RICO violations through a pattern of racketeering activity and tortuous interference with business relations, among other claims described in the Complaint (the "Claims"), Longwei has suffered damages in an amount to be determined at trial including, but not limited to, the loss of approximately $242 million in market capitalization, the ceasing of its shares being traded on the NYSE MKT, litigation costs resulting from a potential securities class action against it, and other damages stemming from loss of various business relationships.
This is an action by Longwei, a public corporation, for defamation, fraud, and RICO violations, among other things alleged in the Claims, against the Defendants for damages caused by the Defendants' conspiracy to defame Longwei's business as part of their fraudulent short-selling scheme to severely decrease Longwei's stock price, while simultaneously "shorting" Longwei's stock, to reap massive illicit gains at the expense of Longwei and its shareholders.