Home Actualité internationale World news – GB – Self-developing real estate developer, « Terra », accused of accounting for early deposit of $ 750,000 from residential buyer by Bang Energy, CEO
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World news – GB – Self-developing real estate developer, « Terra », accused of accounting for early deposit of $ 750,000 from residential buyer by Bang Energy, CEO

WESTON, Florida, Oct 07, 2020 - Miami-based real estate development group "Terra" recently touted itself as a maverick risk taker to "move forward"

WESTON, Fla., Oct 07, 2020 – Miami-based real estate development group « Terra » recently touted itself as a maverick risk-taker to « move forward » with plans amid Covid-19 In pending action in Dade Circuit Court, however, at least one unit buyer alleges Terra’s self-proclaimed boldness is being subsidized, at least in part, by other people’s money

This Unit Buyer is John H “Jack” Owoc ”, Founder, Sole Owner, CEO & CSO of Vital Pharmaceuticals, Inc a / k / a“ Bang Energy ”, maker of world renowned Bang® energy drinks The South Florida Business Journal ranks Bang Energy as the first fastest growing South Florida company this year, with revenues of over $ 25 million

In his 2018 lawsuit against Terra – John H Owoc vs. Terra Weston Residential, LLC, Case No. 18-40336 CA (27) —Owoc alleges that Terra Weston improperly retained his deposit, in excess of $ 750,000, after Terra Weston inexplicably, unfairly and indefinitely failed to build the residence at the Botaniko Weston development that Owoc had purchased for his family

And, in this regard, Owoc is not alone Various other buyers of residential properties to be built in the Terra developments have also complained and have also filed a lawsuit against Terra, alleging that Terra wrongly delayed construction and by the continued refused to refund deposits

Owoc remarks: “Terra is billing himself as a kind of pioneer in development Yet Terra Weston failed to build the house I contracted for and invested over $ 750,000 up front. With the help of cash deposits that should have been returned to me two years ago, Terra is seeking public relations praise for supposedly doing the plans she claims to be doing these days? I don’t think « 

Jack Owoc is the CEO, Scientific Director and Founder of Bang Energy and its extensive portfolio of related brands Bang Energy was founded in 1993 with one goal in mind: to produce sports supplements and performance drinks of the highest quality and proven by universities worldwide Bang Energy has funded some 30 historical human subject studies on its products, including BANG® and Redline energy drinks, at UCLA, University of Southern Alabama, University of Florida State, Baylor, University of Southern Maine, University of Memphis, College of New Jersey, CRF, and other top universities across the country Jack Owoc and this team continue to update and launch new products Nutritionists, proudly maintaining their distinction as « Frontrunner in Sports Nutrition » For more information and daily updates on trends, workout tips and supplement research, stay connected by following Jack Owoc on Instagram , @BangEnergyPDG, visit the Bang Energy website, wwwbangenergycom, and follow Bang Energy on Instagram, @BangEnergy

Technavio is monitoring the global automotive belt tensioner pulley market and is poised to grow by $ 746 25 mins in 2020-2024, growing at a CAGR of around 2% during the forecast period The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, as well as the general market environment

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Bernstein Liebhard, a nationally recognized investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who have purchased or acquired securities of Precigen Inc (« Precigen Or the « Company ») (NASDAQ: PGEN, XON) between May 10, 2017 and September 25, 2020 (the « Class Period ») The lawsuit in the United States District Court for the Northern District of California Alleges Violations of the Securities Exchange Act of 1934

If you have purchased Precigen securities and / or would like to discuss your legal rights and options, please visit the PGEN XON Shareholder Class Action or contact Matthew E Guarnero toll free at (877) 779-1414 or [email protected]

The complaint alleges that the defendants throughout the litigation period made false and / or misleading statements and / or failed to disclose to investors that: (1) the company used pure methane as a feedstock for its announced yields for its methanotroph bioconversion platform instead of natural gas; (2) the yields of natural gas as feedstock were significantly lower than the aforementioned pure methane yields; (3) due to the substantial price difference between pure methane and natural gas, pure methane was not a commercially viable feedstock; (4) the company’s financial statements for the quarter ended March 31, 2018 were false and could not be relied on; (5) the company exhibited significant weaknesses in its internal controls over financial reporting; (6) the company had been under an SEC investigation since October 2018; and (7) Because of the foregoing, the defendants’ public statements were materially false and misleading at all relevant times When the real details entered the market, the lawsuit claims that the investors suffered damage

On September 25, 2020, the US Securities and Exchange Commission announced that a cease and desist order against Precigen’s cease and desist order concerned « inaccurate reports regarding the alleged success of the company in the conversion of relatively inexpensive natural gas into more expensive industrial chemicals using a proprietary methane bioconversion (« MBC ») programThe ordinance said the company « mainly used much more expensive pure methane for the relevant laboratory experiments, but said the results were obtained with natural gas. »

The cease and desist order further stated that the company « had introduced the MBC program privately to many potential business partners during 2017 and 2018 A number of these potential partners have performed a due diligence of the MBC program, including review of laboratory results and marketing plans. [The Company] has not yet found a partner for the MBC program « 

If you wish to act as the lead claimant, you must move the court no later than December 4, 2020 A lead claimant is a representative party acting on behalf of other class members to lead the litigation Your ability to participate in any recovery does not require you to act as the lead applicant If you choose to do nothing, you can remain an absent group member

If you have purchased Precigen securities and / or wish to discuss your rights and legal options, please visit https: // wwwBernliebcom / cases / precigeninc-pgen-xon-shareholder-class-action-trial-stock-fraud- 321 / apply / or contact Matthew E Guarnero toll free at (877) 779-1414 or [email protected]

Since 1993, Bernstein Liebhard LLP has collected over $ 3.5 billion for his clients In addition to representing individual investors, the firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and sue on their behalf Following its success in hundreds of lawsuits and class actions, the firm has been named thirteen times to The National Law Journals’ Plaintiff’s List and listed in The Legal 500 for ten consecutive years.

2020 LAWYER ADVERTISEMENT Bernstein Liebhard LLP The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414 The lawyer responsible for this advertisement in the State of Connecticut is Michael S Bigin Past results do not guarantee or predict a similar result with respect to any future matters

The board of directors (board) of Bluestem Group Inc (Bluestem Group or the Company) has announced that it has declared a special cash dividend of $ 0 462 per share of the outstanding common stock of the Company and convertible preferred stock Series A participants (the special dividend) The special dividend will be payable on November 9, 2020 to holders of record at the close of business on October 27, 2020

As a result of Bluestem Brands, Inc’s stock abandonment earlier in 2020, the Company’s current residual assets, before and after the implementation of the special dividend, consist primarily of cash, US interest real estate and certain other assets As a result, the company is likely a US real estate holding company (a USRPHC) Non-US shareholders receiving the special dividend may be subject to US withholding tax at a rate of at least 15% ( or at a lower rate as specified by an applicable tax treaty for distributions from a USRPHC), whether or not the special dividend constitutes a return of capital to such shareholders.In view of the foregoing, on the distribution date, each non-US shareholder of the Company will receive a cash amount, net of US withholding tax at the rate of 15%, unless such holder has presented to American Stock Transfer & Trust Company, LLC (if is a holder of record) or to his broker (if he holds the stock in the name of the street) sufficient proof of his exemption from US withholding tax in accordance with the requirements of US federal tax law To benefit from a reduced treaty rate on distributions, a non-US holder must provide the withholding agent with an IRS Form W-8BEN, IRS Form W-8BEN-E, or other appropriate version of IRS Form W-8 certifying qualification for the reduced rate Any shareholder of the Company who is in doubt as to the application of the tax laws and regulations applicable to his particular situation is invited to consult his tax advisers promptly for advice.

Effective March 9, 2020, the company has announced its intention to cease issuing press releases or making any other public filings The Company, at its discretion, may from time to time disclose material information but does not intend to resume regular reporting in the foreseeable future. The Company cautions that trading in its securities is highly speculative and presents significant risks

Bluestem Group Inc is a Nevada corporation which currently has limited activities other than operations as owner and lessor of certain commercial real estate properties

This press release contains statements that are forward-looking statements Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts All statements contained herein that are not clearly historical in nature are forward-looking in nature In certain cases, you can identify such statements by using forward-looking words such as can, will, should, anticipate, estimate, expect , plan, believe, predict, potential, project, intend, could or similar expressions In particular, statements regarding the plans, strategies, prospects and expectations of Bluestem Groups regarding its activities are forward-looking statements You must be aware that these statements and all other forward-looking statements ntained in this document only reflect the beliefs, assumptions and expectations of Bluestem Groups and are not guarantees of performance. These statements involve risks, uncertainties and assumptions Many of these risks, uncertainties and assumptions are beyond the control of Bluestem Groups and may cause actual results and performance to differ materially from Bluestem Groups expectations. Forward-looking statements are based on Bluestem Groups beliefs, assumptions and expectations regarding its future performance and actions, taking into account all information currently available to Bluestem Group These beliefs, assumptions and expectations may change due to numerous events or possible factors, which are not all known to Bluestem Group or are under its control In the event of any change, Bluestem Groups plans, activities, financial condition and liquidity may differ materially from those expressed in its forward-looking statements. Therefore, you should not place undue reliance on any forward-looking statements contained in this press release. These forward-looking statements are made only as of the date of this press release Bluestem Group assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

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Real estate developer, real estate, buyer, Bang, Florida

World news – GB – Self-developing real estate developer, « Terra », accused of having booked the advance deposit of 750,000 $ from residential buyer by Bang Energy, CEO


SOURCE: https://www.w24news.com

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