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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (9143)8/3/2000 9:13:58 PM
From: who cares?  Respond to of 10354
 
I would imagine the dragassedness they apparently exhibited when it came to paying the Financial Relations Board might help in this endeavour.

CMB



To: Sir Auric Goldfinger who wrote (9143)8/3/2000 9:18:32 PM
From: StockDung  Respond to of 10354
 
The 'Lectric Law Library's Legal Lexicon On* FRAUDULENT CONVEYANCE *

A conveyance of property without any consideration of value, for the purpose of delaying or bindering creditors. Such a transfer will, when proven to the satisfaction of judge or jury, be declared void.

Although such conveyance is void as regards the purchaser and creditors, it is valid as between the parties and usually valid as to subsequent innocent purchasers. For example, one company may transfer a house to a related company to avoid a judgement giving the house to a 3rd party. However, subsequent innocent purchases/transfers of the house will often be valid.
--b--

Chances are you'll find material related to this term in other areas of the Library, so look around.

BACK TO THE LETTER * F *

The 'Lectric Law Lexicon's Lyceum
The Reference Room Dozens of legal Topic Areas
The Rotunda The Library's central hub, Directory & Index



To: Sir Auric Goldfinger who wrote (9143)8/3/2000 9:21:17 PM
From: StockDung  Respond to of 10354
 
Search Law Crawler; "fraudulent conveyance" Number of documents found: 5642 lawcrawler.findlaw.com



To: Sir Auric Goldfinger who wrote (9143)8/3/2000 9:55:24 PM
From: StockDung  Respond to of 10354
 
COMING SOON; "The ZIASUN ISLAND" bigasia4sale.com Visit us while we are under construction. Watch the site evolve right in front of your eyes!!

Your Feed Back

TheZiasunIsland would like to hear from you! Send in your stories and we'll publish them here. Anything to relieve the boredom of languishing under the coconut palms of ZIASUN ISLAND.
It's pretty hot on this island and some people won't be able to stand the heat when they read your stories.

Hot stories or news from our readers -- always welcome!

E-mail: Floyd3491@aol.com



To: Sir Auric Goldfinger who wrote (9143)8/3/2000 10:51:48 PM
From: StockDung  Respond to of 10354
 
In completing the sale of MII, ZiaSun would no longer have an interest in the
following subsidiaries of MII: Momentum Associates Ltd, Momentum Internet
(Phils.) Inc., AsiaEnet Ltd., Graphia International, Swiftrade Inc., or the
following websites of MII: "Momentum Internet" (http://www.momentumplus.com) ,
"PinMail" (http://www.pinmail.com), "MediaHits" (http://www.mediahits.com ),
"Swiftrade" (http://www.swiftrade.com), "Working Mouse"
(http://www.workingmouse.com) , "AsiaEnet" (http://www.asiaenet.com),
"TigerTooth" (http://www.tigertooth.com), "TigerHits"
(http://www.tigerhits.com), "Search Dragon" (http://www.searchdragon.co m),
"M-Finance" (http://www.mfinance.com) and "Ming Stores"
(http://www.mingstores.com) .



To: Sir Auric Goldfinger who wrote (9143)8/3/2000 10:57:56 PM
From: StockDung  Respond to of 10354
 
Fraudulent CONveyance: Farallon's Former CEO Sued in Connection With Sale of Company


San Leandro, California, Aug. 3 (Bloomberg) -- Connection Machines Services Inc., formerly the largest stockholder of Farallon Communications Inc., is suing Farallon's former president and chief executive for fraud.

The suit, filed today in California Superior Court in San Francisco, accused Richard Maslana of concealing financial information about Farallon when he bought the company in April. Connection Machines had an 89.5 percent stake in Farallon.

Connection Machines, based in Boulder, Colorado, bought Farallon from Netopia Inc., a provider of Internet services to small businesses, in August 1998. Farallon, based in San Leandro, California, offers networking products and has more than 8 million customers worldwide.

Connection Machines sold Farallon to Maslana for $1.1 million. The lawsuit alleges that Maslana concealed that Proxim Inc., a maker of equipment for wireless Internet access, had expressed an interest in buying Farallon. The suit alleges that Maslana, who sold Farallon to Proxim for $14 million in cash and stock on June 19, concealed the fact that Farallon could have initially been sold for a much higher price.

The lawsuit alleges that Connection Machines suffered damages in excess of $10 million.

Aug/03/2000 22:28 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2000 Bloomberg L.P.