Die Aktie fällt von 2,9 auf 2,4€ , hat sich jetzt wieder was gefangen
1. Die Anwaltskanzlei KGS will einen Prozess gegen Xethanol führen
2. Xethanol erwidert: alles wäre falsch
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1.
KGS Announces First Filing of Shareholders Securities Fraud Class Action Against Xethanol Corporation (XNL) - (AMEX: XNL)
Tuesday October 24, 5:19 pm ET
NEW ORLEANS, LA--(MARKET WIRE)--Oct 24, 2006 -- Kahn Gauthier Swick, LLC ("KGS") has filed the first class action lawsuit in the United States District Court for the Southern District of New York, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of Xethanol Corp. ("Xethanol" or the "Company'') (AMEX:XNL - News) between January 31, 2006 and August 8, 2006 (the "Class Period").
Xethanol and certain of its officers and directors are charged with issuing a series of materially false and misleading statements in violation of Section 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder. Throughout the Class Period, Xethanol repeatedly assured investors that it could sustain itself on revenue from corn ethanol production while successfully commercializing biomass ethanol production. In fact, however, as investors have now learned, Xethanol was suffering from a host of undisclosed adverse factors that negatively impacted its business and it appears that they do not have the ability to commercialize biomass ethanol in the foreseeable near term. As investors learned the truth about Xethanol, shares of the Company declined precipitously -- falling from a Class Period high of over $15 per share in April 2006, to less than $4.00 per share by the end of the Class Period. While shares of Xethanol were artificially inflated during the Class Period, certain insiders were able to liquidate millions of dollars of their personally held Xethanol shares.
Particularly, the complaint alleges that Xethanol:
(1) misrepresented management's experience and standard of ethics;
(2) omitted disclosing a series of related party transactions and association with investors who had alarming records of stock fraud and related shareholder abuses;
(3) materially overstated the Company's profitability by under-reporting the true costs associated with completing a biomass to ethanol production facility, and by failing to make proper adjustments to the Company's financial reports;
(4) lacked any reasonable basis to assert that the Company was operating according to plan or could achieve the near-term commercialization of biomass ethanol production, or achieve the guidance sponsored and/or endorsed by the Company; and
(5) caused plaintiffs and other Class members to purchase Xethanol common stock at artificially inflated prices.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Managing Partner Lewis Kahn of KGS direct, toll free 1-866-467-1400, ext., 100, or 504-648-1850, or by email at lewis.kahn@kglg.com. You may also visit http://www.kglg.com/case/case.asp?lngCaseId=4939 to view a copy of the lawsuit.
SPECIAL NOTICE: While federal law does not prohibit other lawyers from "announcing" this lawsuit, Kahn Gauthier Swick is the law firm that researched, investigated, drafted and filed the securities fraud case against Xethanol. If you are a Xethanol shareholder who decides to contact one of these lawyers, Kahn Gauthier Swick reminds you to fully interview any lawyer to assure that they fully understand the facts surrounding the Xethanol claims our firm has filed in Court.
Contact:
Lewis Kahn
KGS
1-866-467-1400, ext. 100
504-648-1850
email: lewis.kahn@kglg.com
Source: Kahn Gauthier Swick, LLC
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2.
Xethanol Says Class Action Lawsuit Without Merit
Wednesday October 25, 9:48 am ET
Company Continues to Execute Business Plan to Expand Its Ethanol Business
NEW YORK--(BUSINESS WIRE)--Xethanol Corporation (AMEX:XNL - News), a biotechnology driven ethanol company, today said that a lawsuit against the company, announced late yesterday by a New Orleans-based law firm, is without merit.
"All that we have received thus far is the law firm's press release that ran at 5:19 p.m. yesterday afternoon. Not only are the allegations and insinuations baseless, but also the case apparently has no lead plaintiff," said Louis Bernstein, Xethanol's President and interim CEO.
The allegations contained in the law firm's press release are very similar in nature to those made in August of this year by an on-line web newsletter whose owner admitted to having shorted the shares of Xethanol in advance of the publication of its negative article about the company. Xethanol Corporation has already responded to those allegations and demonstrated that they are without foundation.
"Xethanol remains focused on our business priorities and executing our strategy as we grow and move forward with plant construction in Iowa and other locations as opportunities arise, as well as our collaborative research and development programs in cellulosic ethanol," said Bernstein.
About Xethanol Corporation
Xethanol Corporation is positioned to be one the leaders in the emerging biomass-to-biofuels industry. Xethanol's mission is to optimize the use of biomass in the renewable energy field and convert biomass that is currently being abandoned or land-filled into ethanol and other valuable co-products, especially xylitol. Xethanol's strategy is to deploy proprietary biotechnologies that will extract and ferment the sugars trapped in these biomass waste concentrations. Xethanol's strategic value proposition is to produce ethanol and co-products cost effectively with ethanol plants located closer to biomass sources. For more information about Xethanol, please visit its website at http://www.xethanol.com. To receive information on Xethanol in the future, please click on the following link: http://www.xethanol.com/alerts.htm?b=1387&l=1.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements". These forward-looking statements can generally be identified as such because of the context of the statement will include words such as "expects", "should", "believes", "anticipates", or words of similar import. Similarly, statements that describe Xethanol's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of Xethanol, which could cause actual results to differ materially from those currently anticipated. Although Xethanol believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it cannot give any assurance that such expectations will be fulfilled. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may effect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release, and Xethanol does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact:
Martin E. Janis & Company, Inc. (Media)
Beverly Jedynak, 312-943-1100 ext. 12
bjedynak@janispr.com
Amy Hawkinson, 312-943-1100 ext. 15
ahawkinson@janispr.com
or
Capital Group Communications, Inc. (Investors)
Anthony Evans/Mark Bernhard, 415-332-7200
ifo@capitalgc.com
Source: Xethanol Corporation
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Alles was ich hier poste, ist eine Satire.
Nichts ist wahr, Alles ist nur eine Geschichte.
Ähnlichkeit mit lebenden oder verstorbenen Personen sind rein zufällig.
Ähnlichkeit mit Tatsachen sind reiner Zufall.
Charts oder andere Meinungen sind keine Kaufempfehlungen.
Alles was ich hier schreibe sind reine Fiktionen.
Ein Bezug aus dieser virtuellen Welt zur realen Welt ist rein zufällig, nie intendiert und unterliegt der Täuschung des Lesers. |
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