TORONTO, Jan. 22 /PRNewswire-FirstCall/ - Mina Mar Group Inc. www.minamargroup.com/ (MMG) and Mina Mar Marketing Group www.minamargroup.net/ (MMMG) inform the public that the courts ruled in the favour of Mina Mar Group in slander lawsuit against Investors Hub.
Mr. Justice Belobaba, Ontario Superior Court Of Justice awarded judgment in favor of Mina Mar Group, and awarded $75,000 in general damages, $10,000 in punitive damages and $20,000 for the trial costs to the company.
This was never about the money but rather principle. These stock bashers should not be allowed to destroy other peoples reputations and businesses with slanderous and malicious posts on the Internet
The court ruling can be seen on this link http://www.minamargroup.com/stock_bashers.php
Mina Mar Group wishes to quote some key declarations of the court:
"4... THIS COURT ORDERS that all negative, defamatory and libellous postings, made by Posters and members of Investors Hub.Com Inc web site are untrue and are and were made without any foundation nor basis for any of their content 5... THE COURT ORDERS THAT the Defendants, Robert Zumbrunnen, Matt Brown and InvestorsHub.com Inc. apologize and publicly retract the libelous statements made against the Plaintiffs and that they shall send their signed retraction to the Plaintiffs and publish the same on the web site, InvestorsHub.com 6. THIS COURT ORDERS that Robert Zumbrunnen, Matt Brown and InvestorsHub.com Inc. provide the names and addresses of the following of its members and posters: Stratey, itlogic, Jim Bishop, Janice Shell, Universal Trader, Rtso, Livingstyle, Soyelpato, AccipiterO, strongtower, snow, peraire, and Fast Flyer 03, Strongtower, 1 summer, AccipiterQ, bob41, Buckley, soyelpato, greedy malone, rolltide, marine-1, firelane, (and any other poster who makes negative, libelous or defamatory statements against the Plaintiffs) anonymously named John Doe (the foregoing collectively known as "The Posters"). ..."
Mina Mar Group recently introduced the "Get the Facts Right" statement to our clients, which we remind all of our clients' shareholders to review before taking any advice from a stock board chat room. Most advisors have hidden agendas and prey on the unsuspecting.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Vigorous enforcement of the court order including motions for contempt of court for any non compliance will commence shortly in Florida.
ABOUT Mina Mar Group:
Mina Mar Group (MMG) is a corporate consultancy firm that specializes in small cap or OTC market business services, including public markets in Frankfurt, Germany, and UK. Our focus is on growth companies or emerging markets such as those in South America, Eastern Europe, and Mainland China. We provide our clients with comprehensive advisory, and consulting services regarding mergers and acquisitions, including reverse mergers of private companies into publicly traded entities, and special purpose companies (SPC) offshore. MMG also offers a full suite of related ancillary services subsequent to the successful completion of a reverse merger, including private placements, PIPE offerings and Pink Sheets Adequate Disclosure documentation, various SEC regulatory filings and a broad range of other corporate governance matters. We license our brand name and back office as a white label solution which allows professionals in the industry to tap into the MMG back office to deliver high quality solutions on a private label basis. We also operate a small shareholders' advocacy division which seeks out publicly traded companies in distress or where the minority shareholders' positions are in peril, and assists as a guardian with interim and or turn-around management. Through its wholly owned subsidiary, Mina Mar marketing Group MMMG (www.minamargroup.net), we offer publicly traded companies services such as investor Relations, and investor awareness.
The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. MMG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and MMG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. MMG and its affiliates are not registered investment advisors or broker-dealers. MMG has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. MMG also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. MMG makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through MMG. MMG owners may or may not hold positions in the companies that are profiled. The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.
SOURCE Mina Mar Group