MANY SIMILARITIESI posted something similar last night, but will throw this up here now. I find many similarities with the DEER CONSUMER PRODUCTS incident to Sino,s. I wouldn,t be surprised that its connected somehow. If the guy below is sued and proven guilty, he has to pay $11 million plus! Whats the best way to come up with that amount of money quick, if you think you may need it?
On March 28, 2011, we filed suit in the Supreme Court of the State of New York, captioned Deer Consumer Products, Inc. v. Alfred Little, et al., Index No. 650823/2011, against a certain blogger, “Alfred Little,” the website SeekingAlpha.com and others. Our claims in this action allege the publishing of false and defamatory statements by the defendants as part of an orchestrated scheme to manipulate and depress the market for our common stock. Our common stock has appeared on NASDAQ’s “threshold” securities list under Regulation SHO for more than 30 consecutive settlement days, indicating possible illegal “naked” short selling and failure to deliver our common stock on settlement days. We are claiming compensatory and punitive damages totaling at least $11 million, not including claims for attorneys’ fees, and other equitable remedies, including disgorgement of any illicit trading profits received by defendants in connection with the alleged market manipulation scheme.
Read more:
https://www.faqs.org/sec-filings/110510/Deer-Consumer-Products-Inc_10-Q/#21#ixzz1OoehG38b
The above excerpt taken from this;
https://www.faqs.org/sec-filings/110510/Deer-Consumer-Products-Inc_10-Q/#21