Penny Stock Fraud Info
Court order - claim info: Bio-Heal Laboratories BHLL.PK, Bela Enterprises and Gibson Island
UNITED STATES DISTRICT COURT SOUTHEN DISTRICT OF FLORIDA Case No. 05-21116-Civ-Seitz
COURT-ORDERED LEGAL NOTICE
IF YOU BOUGHT BIO-HEAL LABORATORIES, INC. SECURITIES (BHLL.PK) BETWEEN FEBRUARY 15, 2005 AND APRIL 7, 2005 YOU MAY BE ENTITLED TO RECEIVE A PAYMENT FROM FUNDS RECOVERED
On December 11, 2006, the Court approved a Distribution Plan to distribute disgorgement amounts received from Bio-Heal Laboratories, Inc. ("Bio-Heal"), Bela Enterprises, LLC ("Bela"), and Gibson Island Enterprises, LLC ("Gibson") to proper claimants. If you bought Bio- Heal securities between February 15, 2005 and April 7, 2005, you may be eligible to receive benefits from the Bio-Heal Fund. If you qualify, you may send in a Proof of Claim Form to obtain benefits. HOW WAS THE BIO-HEAL FUND CREATED? The Bio-Heal Fund was created as a result of the Securities and Exchange Commission’s successful enforcement action against Bio-Heal, and certain relief defendants including Bela and Gibson. The Commission’s action asserted that Bio-Heal improperly issued 12 million shares of its stock to relief defendants. The Complaint further alleged that relief defendants Bela and Gibson generated ill gotten gains by dumping Bio-Heal shares while the stock was being touted to investors over the internet. The Commission sought to and did recover proceeds of the illegally issued shares. The amounts recovered including interest have been deposited into the Bio-Heal Fund and the Fund proceeds will be distributed to Eligible Claimants pursuant to the Distribution Plan.
WHO IS ELIGIBLE FOR A RECOVERY FROM THE BIO-HEAL FUND?
The Potentially Eligible Claimants include all persons or entities that purchased shares of Bio-Heal (BHLL.PK) during the period from February 15, 2005 through April 7, 2005 (inclusive) and held the shares after the close of business April 7, 2005. You are not entitled to a recovery from the Fund with respect to any Bio-Heal shares that you acquired prior to February 15, 2005. In addition, to be eligible, you must have incurred an aggregate net loss from your combined purchases or sales of all Bio-Heal shares purchased from February 15, 2005 through April 7, 2005.
HOW DO YOU SUBMIT A CLAIM?
The Proof of Claim form package contains all of the information you need. You will find copies of the Proof of Claim form package and additional information about the Bio-Heal Fund on the website http://www.BioHealFund.com. You may also obtain information regarding the claim process from the Bio-Heal Fund’s hotline at 800-648-0755 or you may submit questions by mail to Bio-Heal Fund c/o Global Risk Solutions, Inc. P.O. Box 310130 Miami, FL 33231-0130 or to the Distribution Agent, Melanie Damian, Damian & Valori LLP, 1000 Brickell Avenue, Suite 1020, Miami, FL 33131.
