janice shell
5 days ago
On the contrary, the SEC's lawsuit against Brda and Palikaras is quite active. Brda is now represented by DLA Piper, a large international law firm. One wonders who's paying for that. Palikaras is represented by a Texas firm called Holland & Knight LLP.
The case has been moved from the Southern District of New York to the Eastern District of Texas, where Brda lives and works.
Most recently, Brda has filed a motion to dismiss, which is joined and supported by Palikaras. The SEC has opposed the motion; Brda has rebutted the SEC's opposition. That last filing is from yesterday, 21 March 2015. For the docket and most of the filings in the case, see:
https://www.courtlistener.com/docket/69415503/securities-and-exchange-commission-v-brda/
Docket No. 50 is an amicus brief submitted by a shareholder called Kevin Berthold. Berthold is not a gifted writer. He says, among many other things about what he calls the "Racket", that:
It is said that the only Constant is Change. However; it is evil, unjust and destructive when significant destructive Change is forced by Counterfeiters, who, driven by satisfying their glutinous greed for power and loot, are enabled to convey volumes upon volumes of securities Ownership that they DO NOT OWN; in the process cheating, plundering and killing Companies to the detriment of huge numbers of Stakeholders: Employees, Customers, Vendors, Entrepreneurs, Shareholders, and Society as a whole.
"Glutinous"? I know, I know. Celiac disease can be a horror.
Berthold is a Chartered Accountant, and, rather astonishingly, has served as an officer of a number of companies, one of which he says was a "Billion Dollar steel company, a subsidiary of a listed Company."
And yet he fell for all this.
Thanks for reminding me of the suit. I think it'll be interesting to follow.
janice shell
7 months ago
There's a long statement at Twitter from Palikaros, made this morning. He's bounding off the walls. Wants to try to persuade the bankruptcy trustee to continue to pay Wes Christian to continue with the stupid NSS case. That will not happen. And just about everything else he says is from Fantasyland. He adds:
In my opinion, this Board and Management and their advisors have conducted a series of fraudulent activities which I will be bringing to light.
Hello?? Has he forgotten that's it's he and his buddy Brda who've been charges with securities manipulation and more by the SEC??
Read the whole thing here:
Friday's Chapter 7 fire sale announcement by $MMAT is deeply saddening and extremely disappointing, it could have been avoided. This is a case study on how a Board takes down a company. Over the last 12+ years, I had the incredible privilege of working with an extraordinary team… pic.twitter.com/Pc5QBI0pGJ— George Palikaras (@palikaras) August 12, 2024
janice shell
7 months ago
The Delisting Notice indicates that the trading of the Company’s common stock on Nasdaq will be suspended at the opening of business on August 21, 2024, and a Form 25-NSE will be filed with the Commission, which will remove the Company’s securities from listing and registration on Nasdaq.
The Company does not intend to appeal the Staff’s determination. Therefore, the Company expects that the trading of the Company’s common stock will be suspended at the opening of business on August 21, 2024 and delisted from Nasdaq, as indicated in the Delisting Notice.
https://www.sec.gov/Archives/edgar/data/1431959/000095017024097034/mmat-20240812.htm
And that's the news the stock went up on this morning? The 8-K was filed yesterday after the bell.