Latest Sino Clean Energy Inc. (SCEI) Headlines
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Posted On: 03/13/2014 2:16:32 AM
Latest Sino Clean Energy Inc. (SCEI) Headlines
Investors Should Beware of Citron Research, Plug Power
at The Street - Wed Mar 12, 4:15PM CDT
The financial media needs to raise red flags -- on PLUG, on Citron, on everything -- more often. Otherwise, why does it exist?
Sino Clean Energy 13D Filing Group sends a Letter to the Board of Directors
PR Newswire - Mon Nov 04, 3:18PM CST
As reported earlier, Alain Peracca as the elected representative of the group of investors who filed with the SEC a Schedule 13D for Sino Clean Energy (SCEI.OB) sent a letter on October 23 to the Board of Directors announcing the filing of the petition in Nevada Court on October 22, 2013 requesting the Company to call an overdue Regular Annual Shareholders Meeting to elect the Directors and also asking them to provide specific and detailed answers prior to the Meeting to the 5 questions the Schedule 13D filing Group had asked in several prior letters and to which the Company had not provided satisfactory answers. Mr. Peracca's latest letter of October 23 also asked the Board of Directors to notify all shareholders about a new nominee for an independent director position to represent the minority shareholders and to consider terminating Mr Ren as Chairman and CEO in the absence of a credible plan to restore and to maximize shareholder value for all shareholders. Given the lack of response by the Board of Directors to this latest letter by the requested response deadline, the Schedule 13D filing Group decided to make the content of this latest letter public.
Sino Clean Energy Shareholders Petition the Business Court of Nevada on NRS 78.345
PR Newswire - Fri Oct 25, 2:50AM CDT
Alain Peracca and the group of investors who filed with the SEC a 13D for Sino Clean Energy (SCEI.OB) are pleased to announce that they have been notified by one of the shareholders heading up the effort that Shareholders of Sino Clean Energy filed today a petition in the state of Nevada under NRS 78.345 to compel the company to fulfill its fiduciary duty to its shareholders and host an Annual Shareholder Meeting and a vote of directors.
SCEI 13D Group Decides to Support Shareholders Taking Action in Nevada
PR Newswire - Thu Sep 05, 12:00AM CDT
After the Schedule 13D filing of August 6th, Alain Peracca and the group of seven other investors who participated in the filing contacted the Company via detailed letters issued on three occasions (August 6th, 15th & 24th). The Schedule 13D filing Group was not able to obtain from the Company's Management and its Board of Directors satisfactory answers and responses to their questions and requests regarding a number of operational and financial reporting, corporate governance, legal compliance, and shareholder communications issues raised.
Sino Clean Energy 13D Filing
PR Newswire - Thu Aug 22, 9:36PM CDT
On August 4th, 2013, Alain Peracca and seven other shareholders in Sino Clean Energy (OTC: SCEI) entered into a Voting Agreement. The Voting Agreement gives Mr. Peracca voting rights for the Group's aggregate holdings of 1,276,540 shares. As required by SEC rules, the group of shareholders filed a Schedule 13D (5+% acquisition) on August 6th, 2013. Sino Clean Energy last filed financials with the SEC via a Form 10-Q for the first quarter of 2012 on May 15th, 2012. The company's last Annual Shareholder Meeting and Vote on Directors was on November 11th, 2011. On July 9th, 2013 the Company reached a final settlement of $2,000,000 in a class action suit filed on May 6th, 2011. The Company's last press release to the public and Form 8-K filing with the SEC was on September 28th, 2012 to announce the delisting of trading of their stock on the NASDAQ Global Market and the commencement of trading of the shares on the NASDAQ OTC Bulletin Board.
Investors Should Beware of Citron Research, Plug Power
at The Street - Wed Mar 12, 4:15PM CDT
The financial media needs to raise red flags -- on PLUG, on Citron, on everything -- more often. Otherwise, why does it exist?
Sino Clean Energy 13D Filing Group sends a Letter to the Board of Directors
PR Newswire - Mon Nov 04, 3:18PM CST
As reported earlier, Alain Peracca as the elected representative of the group of investors who filed with the SEC a Schedule 13D for Sino Clean Energy (SCEI.OB) sent a letter on October 23 to the Board of Directors announcing the filing of the petition in Nevada Court on October 22, 2013 requesting the Company to call an overdue Regular Annual Shareholders Meeting to elect the Directors and also asking them to provide specific and detailed answers prior to the Meeting to the 5 questions the Schedule 13D filing Group had asked in several prior letters and to which the Company had not provided satisfactory answers. Mr. Peracca's latest letter of October 23 also asked the Board of Directors to notify all shareholders about a new nominee for an independent director position to represent the minority shareholders and to consider terminating Mr Ren as Chairman and CEO in the absence of a credible plan to restore and to maximize shareholder value for all shareholders. Given the lack of response by the Board of Directors to this latest letter by the requested response deadline, the Schedule 13D filing Group decided to make the content of this latest letter public.
Sino Clean Energy Shareholders Petition the Business Court of Nevada on NRS 78.345
PR Newswire - Fri Oct 25, 2:50AM CDT
Alain Peracca and the group of investors who filed with the SEC a 13D for Sino Clean Energy (SCEI.OB) are pleased to announce that they have been notified by one of the shareholders heading up the effort that Shareholders of Sino Clean Energy filed today a petition in the state of Nevada under NRS 78.345 to compel the company to fulfill its fiduciary duty to its shareholders and host an Annual Shareholder Meeting and a vote of directors.
SCEI 13D Group Decides to Support Shareholders Taking Action in Nevada
PR Newswire - Thu Sep 05, 12:00AM CDT
After the Schedule 13D filing of August 6th, Alain Peracca and the group of seven other investors who participated in the filing contacted the Company via detailed letters issued on three occasions (August 6th, 15th & 24th). The Schedule 13D filing Group was not able to obtain from the Company's Management and its Board of Directors satisfactory answers and responses to their questions and requests regarding a number of operational and financial reporting, corporate governance, legal compliance, and shareholder communications issues raised.
Sino Clean Energy 13D Filing
PR Newswire - Thu Aug 22, 9:36PM CDT
On August 4th, 2013, Alain Peracca and seven other shareholders in Sino Clean Energy (OTC: SCEI) entered into a Voting Agreement. The Voting Agreement gives Mr. Peracca voting rights for the Group's aggregate holdings of 1,276,540 shares. As required by SEC rules, the group of shareholders filed a Schedule 13D (5+% acquisition) on August 6th, 2013. Sino Clean Energy last filed financials with the SEC via a Form 10-Q for the first quarter of 2012 on May 15th, 2012. The company's last Annual Shareholder Meeting and Vote on Directors was on November 11th, 2011. On July 9th, 2013 the Company reached a final settlement of $2,000,000 in a class action suit filed on May 6th, 2011. The Company's last press release to the public and Form 8-K filing with the SEC was on September 28th, 2012 to announce the delisting of trading of their stock on the NASDAQ Global Market and the commencement of trading of the shares on the NASDAQ OTC Bulletin Board.
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