Block Round 2 Syntax Brillian (BRLC) Chapter 11 filing by the Court

Target:

Office of United States Trustee - Attn: Mark Kenney

Sponsored by:

Update November 17, 2008 Court Hearing (by Montraj)

I walked out of court today knowing that there is something deeply troubling about the system. The motion was turned down by the judge. The interesting thing is that they did not contest any of the facts I presented as compelling cause for Rayburn to file an amended declaration.

As a sign of contempt for the motion, Rayburn did not even bother to show up in court.

The only defense submitted was that the declaration did not have to be complete and that "it served no purpose to amend it."

This is an outrage. Rayburn is basically getting away with perjury. The essence of the courts decision is that it granted him the right to file a partial declaration that ommited the fact that he 'forgot' to mention that the company went under due to fraud and the illegal conveyance of funds.

This was a bad day for justice. The objective of the order to compel Rayburn to file a true, complete and accurate declaration was to prove that it was not only the Taiwan cabal of swindlers that was responsible for our loss. Rayburn and Silver Point were enablers.

In fact, it is quite clear in my mind that the bankruptcy was designed to paper over fraud and pass off the systematic looting of the company's treasury as a 'failed business plan.'

I just got home from court. From here, we move into the next stage. Don't give up yet. Hold on because I've got a few more aces up my sleeve. Watch out for the next motion. Things are about to get interesting. I will have to consult with a few of you - off the message board - before launching our next move.

For those of you who are not familiar with the motion in question, I urge you to spend the time to read docket 629. The best is yet to come.

More later.

Attend Next Hearing: September 3, 2008 at 10 am hearing in Wilmington.

Hearing will determine whether we get credible answers to the following questions. An independent examiner will be assigned, and the scope and budget of the investigation will be determined at that hearing. If you are there, it could make a difference on the outcome.

9/3/2008 at 10 AM

US Bankruptcy Court - District of Delaware,

824 N. Market Street

6th Floor, ROOM 1,

Wilmington, DE 19801

302-252-2900

If you can not be there, now is the time to write a letter and Fed Express it to the judge and the US trustee.

Demand transparency in this rushed process - we have been left completely in the dark as to how so much equity evaporated so fast. The last time we received a financial report was for the quarter ending 9/30/2007, and even that report is suspect - current management has advised us that its unreliable.

During the bankruptcy hearings, current management under FTI has treated shareholders with disdain. Greg Rayburn has given us a narrative of a business model that proved to be unprofitable. Greg Rayburn insisted the sale be rushed to preserve the value of the estate. Did FTI and Silver Point have a vested interest in driving the company into bankruptcy?

Although the TCV deal is done, if it involved questionable conveyance of assets, we would have grounds for litigation. Consider the accounts receivables transferred to TCV. The accounts receivables they were around 100 million dollars mostly owned by SCHOT and Olevia Far East. It was deemed "worthless" and uncollectible.

The investigation needs to identity all the owners of SCHOT and Olevia Far East. We do not know where the boundaries are between Kolin, Digimedia, TCV, SCHOT and Syntax Brillian. Was TCV at "arms length" in the deal? Was James Li involved in it and to what extent?

The Chinese Olympics inventory (also been deemed worthless) is now supposedly held by Kolin or in customs. This inventory was conveyed to TCV in the expedited fire sale of assets. While Tooling deposits at Kolin remain in the estate, Kolin is under investigation for insider trading by the Taiwanese government. Given the loose regulations and corruption in Taiwan, you have to go out on the edge to invite an investigation by regulators. Kolin CEO, Christopher Liu, was on the board of Syntax-Brillian and actually chaired its audit committee.

Other issues deserving a probe, include insider trading and short selling by Silver Point, Kolin or TCV. How much short selling was by parties domiciled in Taiwan? Was the Silver Point loan structured to fail?

Finally, why did the previous and current management deceive us with promising press releases? I need only mention the Compal and SRS deals. Right to the very end, the Syntax-Brillian investor relations department reassured investors that the company would be coming out with transparent financial statements.

The probe needs to determine if there was a breach of securities laws and fraud by the directors and executives of Syntax-Brillian, which we have waited in vain for the SEC to determine. Our last hope is the justice system. Last I heard, we still live in a country where laws apply to one and all. Here is a good chance to find out if we still live in that country.

Again, even if you sold, please plan to attend the September 3, 2008 10 Am Hearing - it could make a difference on the outcome.

SHAREHOLDER: Be sure to file your "PROOF OF CLAIM FORM" by September 8, 2008 with EPIQ. In the form, under "Basis of Claim" shareholders MAY want to enter "Damages resulting from Debtors Breach of Securities Laws, Fraud & Misrepresentation". If you need to obatin a Proof of Claim, its availble from EPIQ's site : http://chapter11.epiqsystems.com/Documents.aspx

_____________________________________________

Please ATTEND August 20, 2008 11:30 AM Court Hearing in Delaware:
Regardless of whether you sold your shares or not, you have a stake and can influence what happens in restoring or recouping more of your investment, than is currently being offered.

Your attendance will also substantiate our request for a "Shareholder Committee" to be appointed/created.

All Shareholders that are near (can drive, train, walk, or fly) Delaware MUST attend Wednesday's Court Hearing:
Date: August 20, 2008 11:30 AM - (arrive 1 hr early for security lines, etc.)

US Bankruptcy Court for the District of Delaware, 824 N. Market Street
6th Floor, ROOM 1, Wilmington, DE 19801
302-252-2900 (main)

Attendees: Our best hope is with the Appointment of an Indepandant Examiner, as requested by the US Trustee's office, and approved by the Judge on August4, 2008. . The Indepandant Examiner will fully vet all thats happening in the past 9 months, and at the Courts request have the SEC and other agencies detemine where all the assets went, obtain a full disclosure of what the relationship(s) are between: vendors, affiliates, partners, Hedge funds, current, past, and interim management, etc.
___________
Petition 2:
Block Round 2 - Syntax Brillian Chapter 11/Case No. 08-11407 (BLS)
Shareholders: Do NOT sign this Petition if you already signed the original

Second Set of Unique Signatures in support of Previous Petition

Dear Mr. Kenney,
The attached petition and comments are being forwarded to the US Bankruptcy Court for the District of Delaware, and the Office of the United States Trustee (Mark Kenney, Esq.), and is signed by over .... investors that have been defrauded by Syntax-Brillian's Management. We respectfully request that the sale to a shell corporation and Bankruptcy approval be stayed until the SEC and other regulatory agencies can conclude an investigation for suspected fraud. We would like the court to appoint an independent examiner to assess the value of the company and any assets that have been sold under the management of Greg Rayburn, and appoint a shareholders committee to represent our interests.

We, as common shareholders are holding a significant number of shares in Syntax-Brillian (SB). The acting CEO, Mr. Rayburn, has indicated that the common shares will be worthless after the Chapter 11 reorganization and the sale of the company to a privately-owned Olevia International Group, LLC.

The shareholders, who invested their hard-earned money based on what they were told by the company, deserve some equity in the new entity, despite Mr. Rayburn s efforts to wipe us out. Mr. Rayburn appears to be using the Chapter 11 system simply to expedite the sale of the company and erase existing shareholders investment. The shareholders have not seen any financials in months; however, we were told less than a year ago that the company expected revenue to be over ONE BILLION DOLLARS for 2007. How is it that SB was unable to pay their electric bill? Where did all that revenue go?

We were told that the new contractor had an initial order to manufacture 300,000 units, with a 2008 goal of 1 million of the Olevia brand televisions. We were told that a new built-in surround sound system was in the pipeline of new products. The Olevia brand is sought after and was rated as a "Best Buy" by Consumer Reports. Insiders had been buying shares in 2008 at much higher prices.

Out of the blue, Mr. Rayburn filed for Chapter 11. The company is in debt for $60 million. What has the company done with their projected ONE BILLION DOLLARS in revenue for 2007? What has happened to the shareholders' equity? We have been kept in the dark far too long. The financials should be carefully scrutinized by the Court before any sale is allowed to go through.

We would respectfully request that a Committee be formed on behalf of the shareholders to investigate this entire transaction, and would request an answer as to whether or not the filing of the Chapter 11 was a necessary move for the company in order to remain solvent. There are many conflict-of-interest and outright fraud issues that should be investigated as well, including the role of Silver Point and the actions of the former corporation, Three Five Systems, from which SB was formed, as well as the insiders and officers of both companies.

We have a right to demand answers. Until the BK notice came up, all we had to go with was the last conference call in November 2007. We do not trust this management to do the right thing. If we must go into Chapter 11, we should not do it under this management. We demand a new board that takes our interests into consideration.

Syntax-Brillian could not lose $375 million in only 3 quarters of time. Impossible they lost at such a short time frame nearly all receivables and tooling deposits. Reality is they stole the money (tooling deposits) by accounting probably a tenfold the real amount necessary. That is why the business model collapsed. They were sophisticated thieves. And astonishing nobody here seems to realize. SB simply transferred all the money to the chinese and taiwanese companies under the umbrella of tooling deposits. Receivables so called not able to be collected from SCHOT stayed in Hong Kong.

As investors, we understand the risks involved; however in this case, with the Olevia brand that is growing in name recognition, popularity, and sales, the common shareholders deserve to receive some equity from the proposed sale of Syntax Brillian AND the alleged sale of the Vivitar unit, and until a satisfactory resolution can be made in favor of the shareholders, the SALE of the company should be blocked by the Court.

We the undersigned request that the Court Block the SALE of the company and the Chapter 11 filing.

US Bankruptcy Court - District of Delaware,

824 N. Market Street

6th Floor, ROOM 1,

Wilmington, DE 19801

302-252-2900

Round 2 - More Sharehold Owners BRLC
Date: July 24, 2008

Office of the United States Trustee
Attn: Mark Kenney, Esq.
844 King Street, Room 2207
Lockbox #35
Reference: Chapter 11 filing for Syntax-Brillian Case No (08-11407)
Wilmington, DE 19899-0035
Phone: 302-573-6491
Fax: 302-573-6497
Mr. Mark Kenney, Esq.

The attached petition and comments are being forwarded to the US Bankruptcy Court for the District of Delaware, and the Office of the United States Trustee (Mark Kenney, Esq.), and is signed by over 400 investors that have been defrauded by Syntax-Brillian's Management. We respectfully request that the sale to a shell corporation and Bankruptcy approval be stayed until the SEC and other regulatory agencies can conclude an investigation for suspected fraud. We would like the court to appoint an independent examiner to assess the value of the company and any assets that have been sold under the management of Greg Rayburn, and appoint a shareholders committee to represent our interests.

In particular, these two comments from the original Petition (#92 and #240) are particularly relevant:

# 92: Jul 11, 2008, William Kirkpatrick, Wisconsin
"The proposed sale of the assets was not approved by the shareholders and given the concern that the Board of Directors may have fraudulently stripped the company of assets through transactions over the course of the past year, the sale should be stopped until the courts have reviewed the documents for fraud. The court has an obligation to respect and allow the shareholders rights to legal representation in these proceedings prior to authorizing a transfer of valuable assets beyond the legal system's purview. By authorizing a sale, intangible assets, i.e. the name of Olevia, will have been given away without a proper determination of its value. It is obvious that these intangible assets have been improperly assigned a zero dollar value. The courts cannot have complicity by the approval of a suspected fraudulent action. Your consideration of this petition in this matter is more than just a courtesy, it is your duty. I respect that you will discharge your duty with respect for the laws with this reasonable response from the shareholders."

#240 Jul 14, 2008 Gregory Rice Leamington ON, Canada
"As part of the court's consideration of this surprising BK action it is hoped that the court consider the suspicion that Chinese interests use the US equity markets as a method of siphoning off US investment capital and redirecting it home. The methods used include: the direct sale of stock by listing the company as American and listing on the US stock markets while maintaining total Chinese control; using Hedge Funds to short the stock in a guaranteed win (knowing they would declare Bankruptcy) in return for a piece of the action; have the company invest in other Chinese companies; and purchase supplies from Chinese companies all as further ways to direct cash back to Chinese interest."

With the interest of the following 400 investors (as well as others), we respectfully request that the sale to a shell corporation and Bankruptcy approval be stayed until the SEC can conclude its investigation.

Petition Organizer & BRLC Shareholder
________________________________________________________

Dear Mr. Kenney,

We the undersigned, as common shareholders are holding a significant number of shares in Syntax-Brillian (SB). The acting CEO, Mr. Rayburn, has indicated that the common shares will be worthless after the Chapter 11 reorganization and the sale of the company to a privately-owned Olevia International Group, LLC.

The shareholders, who invested their hard-earned money based on what they were told by the company, deserve some equity in the new entity, despite Mr. Rayburn s efforts to wipe us out. Mr. Rayburn appears to be using the Chapter 11 system simply to expedite the sale of the company and erase existing shareholders investment. The shareholders have not seen any financials in months; however, we were told less than a year ago that the company expected revenue to be over ONE BILLION DOLLARS for 2007. How is it that Syntax-Brillian was unable to pay their electric bill? Where did all that revenue go?

We were told that the new contractor had an initial order to manufacture 300,000 units, with a 2008 goal of 1 million of the Olevia brand televisions. We were told that a new built-in surround sound system was in the pipeline of new products. The Olevia brand is sought after and was rated as a "Best Buy" by Consumer Reports. Insiders had been buying shares in 2008 at much higher prices.

Out of the blue, Mr. Rayburn filed for Chapter 11. The company is in debt for $60 million. What has the company done with their projected ONE BILLION DOLLARS in revenue for 2007? What has happened to the shareholders' equity? We have been kept in the dark far too long. The financials should be carefully scrutinized by the Court before any sale is allowed to go through.

We would respectfully request that a Committee be formed on behalf of the shareholders to investigate this entire transaction, and would request an answer as to whether or not the filing of the Chapter 11 was a necessary move for the company in order to remain solvent. There are many conflict-of-interest and outright fraud issues that should be investigated as well, including the role of Silver Point and the actions of the former corporation, Three Five Systems, from which SB was formed, as well as the insiders and officers of both companies.

We have a right to demand answers. Until the BK notice came up, all we had to go with was the last conference call in November 2007. We do not trust this management to do the right thing. If we must go into Chapter 11, we should not do it under this management. We demand a new board that takes our interests into consideration.

Syntax-Brillian could not lose $375 million in only 3 quarters of time. Impossible they lost at such a short time frame nearly all receivables and tooling deposits. Reality is they stole the money (tooling deposits) by accounting probably a tenfold the real amount necessary. That is why the business model collapsed. They were sophisticated thieves. And astonishing nobody here seems to realize. SB simply transferred all the money to the chinese and taiwanese companies under the umbrella of tooling deposits. Receivables so called not able to be collected from SCHOT stayed in Hong Kong.

As investors, we understand the risks involved; however in this case, with the Olevia brand that is growing in name recognition, popularity, and sales, the common shareholders deserve to receive some equity from the proposed sale of Syntax Brillian AND the alleged sale of the Vivitar unit, and until a satisfactory resolution can be made in favor of the shareholders, the SALE of the company should be blocked by the Court.

We the undersigned request that the Court Block the SALE of the company and the Chapter 11 filing.

Respectfully submitted,

signature
goal: 100

74
signatures!

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Closing this Petition to provide a Court Update 8/19/2008:
Absence Speaks louder than words!

The Court will NOT do anything, unless shareholders ask! email me about attending: amramr2@gmail.com

Shareholders (even if you sold) Plan to Attend the Hearing
Wednesday August 20, 2008 11:30 AM
(Arrive 1 hr early for security lines)

US Bankruptcy Court - District of Delaware,
824 N. Market Street
6th Floor, ROOM 1,
Wilmington, DE 19801
302-252-2900

Judge's approved an Independent Examiner appointment following attendance of three Shareholders (August 4, 2008) detailing suspected fraudulent events that lead to the Chapter 11 filing. Petitions & letter writing are NOT enough!

Attend August 20th hearing. Let the Judge hear first-hand accounts of how individual shareholders were deceived and our life-savings put at risk.

Ask to stop the sale, investigate if S-B knew fraud was happening (if so, why did S-B continue to keep James Li as CEO until 6/2008?)?

Where are re-tooling deposits?
Where are Silverpoint s (S-P) transactions details/ was S-P privy to insider info via Greg Rayburn/FTI?

Greg Rayburn & S-P interim mgmt must be held accountable - why are the parties that may have committed fraud obtaining OUR company - once valued at over $1 Billion dollars for a mere $60 million (or 6 cents on the dollar)?

You can do more! Show me more petitions »

We signed the "Block Round 2 Syntax Brillian (BRLC) Chapter 11 filing by the Court" petition!

# 74:

9:33 pm PDT, Jun 23, John Young, Alaska
why dont you let them try to run there business there selfs and show all there assesets dont yank the carpit so quick all the greedy lawyers will be the only winners thease enapentue's tried something good just weed out the snakes

# 73:

9:00 pm PDT, Jun 17, Julia Tawyea', Pennsylvania

# 72:

12:41 pm PST, Dec 29, Chittaranjan Singh, Virginia

# 71:

1:34 am PST, Dec 7, Michael Kushner, Pennsylvania
The SEC will in time reveal huge profits accrued by Silver Point in shorting BRLC stock. They employed Greg Rayburn through FTI Palladium, a certified fraud examiner two months before the bankruptcy declaration. He has access to all of the books yet he made no mention of fraud in his filing. Subsequently the independent examiner in only two weeks time found evidence of provasive fraud in the form of multiple counts of illegal convayence of 340,000,000 dolars to offshore entities and multiple shell companies used ror laundering the stolen assets. This he uncoverd in only two weeks.. I t is obvious that Greg Rayburn in his attempt to paper over the fraud perjured himself and was a co- conspirator fraud from which he acquired significant financial gains in his salary alone. By Judge Brendon Shannon not ruling at the shareholders request that Rayburn amend his false declaration, the Judge is protecting Rayburn from being held accountable for his blatant perjury. This is a dark day for justice. It smacks of bias, conflict of interest, or even corruption. considering that this Judge was a former colligue of Greg Rayburn in the AAI Pharma case, and a former employer of Silverpoint. the Department of Justice should take a serious look at this ruling , and Judge Shannon's refusal to recuse himself when confronted with the conflict of interest. The judge essentially gave Rayburn a free pass, preventing an inquiry to make transparent Payburns role incovering FTI palladium and silverpoint from profiting from illegal short sellling with insider information.The Department of Justice should take a serious look at this judges rulings aiding Rayburn in dismissing any inquirery into rayburn's his employer's coolective evidence for probable cause for insider trading.

# 70:

7:07 am PDT, Sep 4, Name not displayed, Florida

# 69:

9:41 pm PDT, Sep 3, Anthony Bell, Texas

# 68:

5:05 pm PDT, Sep 3, Linda Hughes, Florida

# 67:

4:34 pm PDT, Sep 3, David Dunkleberger, Pennsylvania
Shareholders: Please Do NOT sign this Petition again if you already signed the original. We are seeking a second Set of Unique Signatures in support of previous petition to Block Round 2 - Syntax Brillian Chapter 11/Case No. 08-11407

Entering how much of an investment may be lost, how many shares, experience you have in investing will help substantiate our case. The more detail individuals can provide, the more credibility we will have with the Trustee, and the BK Judge.

# 66:

2:23 pm PDT, Sep 3, Freddie Geisler, Florida

# 65:

5:25 pm PDT, Aug 25, Laura Zanoli, Italy

# 64:

2:36 pm PDT, Aug 25, Fancy Macdonald, Pennsylvania

# 63:

1:05 pm PDT, Aug 25, Maria Fernanda R Alvarez, Argentina

# 62:

11:52 am PDT, Aug 25, Glenda Jasper, California

# 61:

11:19 am PDT, Aug 25, Animal Abuse Greece, Greece

# 60:

7:49 am PDT, Aug 18, Phillip Portuese, New Jersey

# 59:

6:18 am PDT, Aug 16, Michael Segal, Florida
I have 10 years of extencive investing/speculating experience dealing mostly with small cap stocks. I bought shares of BRLC in November , 2007 based on the good forecasts for the company business (as per management) and the quality of the product the company produces. In my 10 years I have been following handreds of stocks (companies) and I never saw anything even close to what happened to Syntax. The company was basically stolen from the shareholders. By all the calculations by the July the company's debt was supposed to be negligeble and the assets were supposed to be closer to $500 million. The value of Vivitar alone could have been enough to pay off the debt to Silver Point. But instead of selling Vivitar and paying off the debt - the management gave the creditors the whole company. I have never seen situations when companies with half a billion in sales that could be profitable were filing BK because of $60 mln in debt. I am sure there was a conflict of interests in case of Syntax and the management uses this BK as a tool to steal the company from the shareholders. I ask the court to investigate conflict of interests and the fact the board of directors actions were not to protect the owners (shareholders) but to steal the company from the owners. Thanks. Michael Segal. I still own 40000 shares which are almost worthless.

# 58:

6:17 pm PDT, Aug 15, Name not displayed, Ohio
We shareholders deserve an accurate accounting of BRLC's financial transactions. We also deserve to know if Silver Point had an interest in the failure of BRLC and whether insiders benefitted from information which was deliberately withheld from general shareholders.

# 57:

7:28 am PDT, Aug 15, Russell Yard, Ohio
15000 shares held into Chapt. 11 filing, at an average cost $1.22 ($18000 loss). Other losses incurred during the previous months price slide. Not so hard earned money, but it was a slap in the face none the less.

# 56:

5:10 pm PDT, Aug 14, Christopher Lueth, California
500 shares

# 55:

10:06 pm PDT, Aug 11, Reid Carraway III, North Carolina

# 54:

5:55 am PDT, Aug 10, Johnny Slayton, Virginia

# 53:

8:47 am PDT, Aug 8, Hanna Pham, Georgia
I had 5890 shares of BRLC. I sold all on July 8 at $0.06 per share. I have read all the company's SEC Form 10-Q. I am an experience investor since the 90's. I feel Mr Li and the board cheated us when they sold shares at nearly $10/share then started a pattern of delaying reporting quarterly revenues.

# 52:

8:44 am PDT, Aug 8, Minh Tu, Georgia
I had 21943 shares of BRLC. I have accumulated these shares since 2004 from price as low as in the high 2s to 9.05. I sold all on July 8 at $0.06 per share. I am an experienced investor since 1983. I have read all the company's SEC Form 10-Q. I feel Mr Li and the board cheated us when they sold shares at nearly $10/share then started a pattern of delaying reporting quarterly revenues.

# 51:

12:27 pm PDT, Aug 7, Richard Cottrell, California

# 50:

10:44 am PDT, Aug 7, Name not displayed, Illinois
Holding 852 shares purchased at $4.72 / share. Sold all 852 shares at $0.033 / share on July, 08, 2008 with a almost 100% lose.

# 49:

8:04 pm PDT, Aug 5, Kevin P. Takacs, Texas
To the U.S. Bankrupcy Court for the District of Deleware -Dear Sir or Madam: I purchased four thousand shares of Syntax Brillian in the second quarter of 2008. My decision was based primarily on a review of the company's latest available SEC Form 10-Q filing that showed substantial assets as compared to liabilities and a book value that was significantly greater than the stock's current market price. I am very well aware of the risks inherent in purchasing low-priced securities, I have been a Registered Representative at various securities firms since 1993 and currently serve as a compliance officer at a securities firm. However, I feel that the case with Syntax Brillian reveals that the financial statements I reviewed contained substantial misrepresentations of a material nature concerning the companies assets and liabilities. As stated in the petition, "Where did all that money go?" To allow the current and former officers and directors of Syntax Brillian to quickly declare bankrupcy and completely wipe out all the common stockholders without a clear investigation of what happened to the firm's assets and a formal determination of whether a fraud may have been committed upon the firm's stockholders would be an injustice to the public's confidence in the U.S. Secutities Markets. Some individuals have reported on financial blogs I monitor significant losses. While the Syntax Brillian bankrupcy is not going to garner the same media attention as Enron, SB investors should be given a similar level of due process to their investment interest when the potential for securities fraud is possible. If investors were intentionally lied to in SB's financial statements or by material misrepresentations by Syntax Brillian officers, directors or management, those responsible for any improper activity shoud be brought before a criminal court to atone for their actions - same as Enron. I believe that the appointment of an independent firm or committee to represent the stockholders in the bankrupcy proceedings is a fair concession that the court could accomodate. I also believe that the Securities and Exchange Commission and legal authorities be called upon to determine how Syntax Brillian managed to lose so much money in such a short period of time or determine where stockholder assets were transferred. Thank you for your concern, Kevin P. Takacs Compliance Officer Cullum & Burks Securities, Inc.

# 48:

10:46 am PDT, Aug 5, Name not displayed, Virginia

# 47:

2:57 am PDT, Aug 5, Ryan Hildreth, California
I'm losing years of savings. I purchased these shares based on the belief that this company had a strong outlook.

I consider myself an educated investor with over 8 years of investment experience. BRLC definitely misled me with false information. I still have my 9000 shares that are now worth nothing!

# 46:

7:28 pm PDT, Aug 4, Adam Weisman, California
300 Shares

# 45:

6:12 pm PDT, Aug 4, Name not displayed, Texas

# 44:

5:00 pm PDT, Aug 4, Bill Francis, Utah

# 43:

6:49 am PDT, Aug 4, Greg Schow, Virginia

# 42:

9:51 pm PDT, Aug 2, Somchat Suwan, Texas

# 41:

9:55 am PDT, Aug 2, Vidya Sims, California

# 40:

9:43 am PDT, Aug 1, Andi Alnwick, New York

# 39:

11:06 am PDT, Jul 29, Aaron Bossard, Virginia

# 38:

10:48 am PDT, Jul 29, Taulbert Finch jr, Michigan

# 37:

5:04 pm PDT, Jul 28, RC Martin, Florida
Mr Kenney, I have been investing for 30 years. I had suspicions of wrongdoing by officers of this firm since December 2006 when substantial Asian sales were booked where previously few were achieved. My suspicion was aroused by the fact these sales were booked during a period when the existing corporate credit line was nearing expiration and the basis of borrowing was sales. Those sales it seemed were never paid for and in fact some 18 months later the inventory was conveniently available to be repossessed and the claim was made by management the Chinese government refused to accept the goods. 18 months later shareholders learn this? Coincidence that the goods were still sitting in a warehouse to be shipped back? I continued following this firm and was quite curious indeed that a secondary offering was completed later in 2007 and almost immediately the entire proceeds were transferred to Kolin as tooling deposits yet few TVs were actually manufactured, management citing credit issues in Taiwan. Then of course the CFO resigned and a new gentleman, Mr Hodgson came aboard, described as a managing partner in Wild Turkey Equity Partners,a venture capital firm. A telephone call to the SEC revealed there never was a firm Wild Turkey Equity Partners registered with the SEC to conduct financial advisory business. Interesting bio for a corporate officer.Again I was curious and suspicious why someone in a publicly held firm misrepresented his credentials but chose to rely on SEC filed documents that revealed considerable assets albeit some troubled receivables from Schot, the Asian purchasers of the originally suspicious Asian sales. Before long the CEO, Vincent Sollitto Jr,stepped down and Mr Li assumed the role of CEO presenting a new improved model of business in Asia. At that time I believed Syntax-Brillian to have in excess of $230MM of receivables and tooling deposits in excess of $140MM so I held shares expecting the firm to restructure and improve the business model foregoing the 120day receivables associated with Asian sales. The future held promise, or so I thought.Then they simply stopped filing required 10Qs with the SEC. Shareholders were assured things were being resolved regarding the accounting for tooling deposits and they had new deals for panels supplied by Sharp in January and LG in March. But they defaulted on loans provided by Silver Point and Mr Rayburn was brought in to right the ship as it were or as we were led to believe. Next came public announcements of new deals for surround sound further improving quality of NEW models. But never any financials, one month, two months, three months became five and then six and I became very suspicious it was taking so long. I think one would agree a few college students could have restated financials in less time than it became. And then in the early morning hours of July 8th Mr Rayburn finally spoke. After months of assurances financials were coming the headline was far different than the "Syntax-Brillian Announces Strategic Initiatives to Position the Company for Future Growth" of April 18th, it was a 3am announcement the firm was selling assets declaring bankruptcy and shareholders' holding would be worthless. Sir, I am, like the many other holders, very angry. Since Nov 2007 the SEC has sat mute to the failure to file and now the courts seek to expedite a final sale of what little remains and no one seems concerned where the $300M + disappeared to. These people perpetrated a scam to defraud investors plain and simple. If authorities BOTHER to look I do not believe it will be too difficult to uncover massive fraud. I'm going on public record Mr Kenney, in the absence of a thorough and deep investigation, these criminals have made a travesty of the SEC and our American judicial system. This is criminal conduct that must be investigated and prosecuted if American citizens are to maintain faith in our system of justice.

# 36:

6:05 am PDT, Jul 26, NASSIB ABILLAMA, Lebanon
17,500.00US$ FOR 20,000SHARES

# 35:

7:02 pm PDT, Jul 24, Amy Fei, Missouri
I am at total loss of words. Nothing can express my anger and sadness. I am a woman nearing retirement age. I have worked real heard to save every penny, but all my life savings are gone through this investment. My loss amounts 155000 and there is no chance for me to recoup this loss ever. I feel betrayed and deceived by brlc management, who lied us through teeth. They made glowing promisses and lead us belive everything is on right track. They brought in a bancrupt specialist to persue their secret plan, at the same times they told us delayed filing was only caused minal accounting problems. James Li is a big fraud. He removed himself from board so bancrupcy can go through and they can become a part of the new company over enormous shareholders loss. We are the owner of this company yet they act as if we had no voice. In their bancrupt filing we were even not mentioned once. Is this not insane? I thought America has better law to protect small investors, but if the judge would award their criminal activity and allow them to fat their pocket with such easy bancrupcy then I am disillusional.

# 34:

7:13 am PDT, Jul 24, Patty Riggins, Arizona
I have lost $160,000 over the last 2 years..( 18,355 shares ) Yes, this was my life savings and I kept hearing it was going to recover and believed management was making the right moves as they had professed with their company changes..Management gave me a false sense of recovery, they have scammed me by lies.. Please help me

# 33:

6:35 am PDT, Jul 23, Hang Nguyen, Texas

# 32:

12:45 am PDT, Jul 23, Name not displayed, California
Dear Sirs: This company clearly defrauded shareholders by not providing material information in their financial statements. In addition, Syntax-Brillian management never issued their last three quarterly financial statements and at the same time led their investors to believe every thing was alright with their business. Also, the restatement of 2007 financials were never issued as management had promised. As of Sept 2007, the company claimed in their financials to have over ~$500 million in assets. As of their BK filing, where did all their assests go? Shareholders deserve an investigation! I owned over 20,000 shares and I lost well over 80,000 USD after Syntax-Brillian press release seeking BK protection. Because of fraudlent companies like BRLC, I will never (and encourage others not to as well) invest in small public companies. For the sake of the small retail investor and to lend credibility to our BK system, I implore you to investigate the BK proceedings of Syntax-Brillian.

# 31:

2:33 pm PDT, Jul 22, Name not displayed, Ohio
I moved to USA eleven years ago from one of the ex-Soviet Union countries. I thought I left behind all my nightmares about the everyday crime, racket and gangs. I thought I�ll never loose my hard earned money any more because now I live in this greatest country in the world... Well, it�s all the same� Except the fact, that back then I was loosing maybe hundreds of dollars a year. Now in just one day I lost almost 50 thousand dollars, and my wife, and my family, and my health� If not here then where there is justice in this corrupted world??

# 30:

2:00 pm PDT, Jul 22, Name not displayed, California
If someone steals my properties, I will call the law enforcement. If someone steal my money like this, we call for your help. There should be some protection for investors being robbed like this.

I don't have a lot of shares; however, this is a steal from hard working people. Shame for the management.

# 29:

1:38 pm PDT, Jul 22, Name not displayed, California
disgraceful behaviour!

# 28:

7:35 am PDT, Jul 22, Wesley Wilson, Alabama
2,850 shares in two accounts, lost approx. $21,000.00 in my Roth IRA (everything that I had in it) and approx. $2,500.00 in my regular trading account. I bought most of my stock around $10.00 per share.

# 27:

11:05 pm PDT, Jul 21, Pam Boland, Georgia

# 26:

4:43 pm PDT, Jul 21, Name not displayed, New York

# 25:

4:09 pm PDT, Jul 21, Amanda Fang, New Jersey
70000X$3=$210000, i am dying!

# 24:

3:36 pm PDT, Jul 21, Name not displayed, California

# 23:

1:39 pm PDT, Jul 21, Name not displayed, Connecticut
I formally beg the court to investigate any and all appearances of SEC violations and fraud before considering the companies petition for Chapter 11 protection.

Currently holding 30,000 shares and facing total loss of investment. I live off of SSDI and investments, this loss would be a great hardship.

# 22:

Currently holding 30,000 shares and facing total loss of investment. I live off of SSDI and investments, this loss would be a great hardship.

# 21:

12:56 pm PDT, Jul 21, Debra Lynn Ross, Illinois
I had 8,300 shares, my brother holds 10,000 and my sister another 5,000. Each of us were in this stock from an average of $6.38 a share. You can see how much we've each lost. This was to be our retirement monies. We did not invest foolishly but relied on the information from the company, it's forward looking statements, positive PR and collaborations and the comments from analysts. We are representative of many of the shareholders. Please stand up for the "little guy" and don't let this company get away with this. Please investigate! Thank you!!

# 20:

12:05 pm PDT, Jul 21, Mario Pineda, Missouri
I trust that you will side with the common shareholders on this petition and block the sale of BRLC and Chapter 11 filing.

I have accumulated 3400 common shares of BRLC stock for nearly two years now and stand to lose all of it if I have not already. I hope to recoup a decent amount of that, with your help.

# 19:

11:29 am PDT, Jul 21, Wai Ma, New York
I am a long time BRLC investor. I own 7,500 shares, avenge $3 per. I am now flat broke!

# 18:

10:10 am PDT, Jul 21, Al Sonntag, California
Invested 21000 shares at a cost of $1.54 based on manangements portrayal of quality product selling through various channels. They also portrayed that there were no material accounting problems during missed filing deadlines but that the delay was due to unusual complexity of fininacial reporting due to the SEC requirements. A surprise BK without materially warning investors is a breech of fair investing that the SEC inforces to protect investors. The intent and essence of BK laws were not meant to shield and convert investor assets to corporations and individuals.

# 17:

10:00 am PDT, Jul 21, Name not displayed, California
Dear Mr. Kenney, I respectfully request that the sale to a shell corporation and Bankruptcy approval be stayed until the SEC and other regulatory agencies can conclude an investigation for suspected fraud. We would like the court to appoint an independent examiner to assess the value of the company and any assets that have been sold under the management of Greg Rayburn, and appoint a shareholders committee to represent our interests. We, as common shareholders are holding a significant number of shares in Syntax-Brillian (SB). The acting CEO, Mr. Rayburn, has indicated that the common shares will be worthless after the Chapter 11 reorganization and the sale of the company to a privately-owned Olevia International Group, LLC. The shareholders, who invested their hard-earned money based on what they were told by the company, deserve some equity in the new entity, despite Mr. Rayburn s efforts to wipe us out. Mr. Rayburn appears to be using the Chapter 11 system simply to expedite the sale of the company and erase existing shareholders investment. The shareholders have not seen any financials in months; however, we were told less than a year ago that the company expected revenue to be over ONE BILLION DOLLARS for 2007. How is it that SB was unable to pay their electric bill? Where did all that revenue go? We were told that the new contractor had an initial order to manufacture 300,000 units, with a 2008 goal of 1 million of the Olevia brand televisions. We were told that a new built-in surround sound system was in the pipeline of new products. The Olevia brand is sought after and was rated as a "Best Buy" by Consumer Reports. Insiders had been buying shares in 2008 at much higher prices. Out of the blue, Mr. Rayburn filed for Chapter 11. The company is in debt for $60 million. What has the company done with their projected ONE BILLION DOLLARS in revenue for 2007? What has happened to the shareholders' equity? We have been kept in the dark far too long. The financials should be carefully scrutinized by the Court before any sale is allowed to go through. We would respectfully request that a Committee be formed on behalf of the shareholders to investigate this entire transaction, and would request an answer as to whether or not the filing of the Chapter 11 was a necessary move for the company in order to remain solvent. There are many conflict-of-interest and outright fraud issues that should be investigated as well, including the role of Silver Point and the actions of the former corporation, Three Five Systems, from which SB was formed, as well as the insiders and officers of both companies. We have a right to demand answers. Until the BK notice came up, all we had to go with was the last conference call in November 2007. We do not trust this management to do the right thing. If we must go into Chapter 11, we should not do it under this management. We demand a new board that takes our interests into consideration. I personally have lost over $6000 and owned more than 1500 shares.

# 15:

9:14 am PDT, Jul 21, Name not displayed, Florida
500 shares of BRLC with purchase price $1.456.

# 14:

8:43 am PDT, Jul 21, Steven Clark, Massachusetts
The Judge should be aware that company management refused to communicate anything to its owners for over six months. Personal loss about $5,000.

# 13:

8:09 am PDT, Jul 21, George Luniw, Florida
I lost about $100,000.

# 12:

7:42 am PDT, Jul 21, Donald Chambers, New Jersey
Shareholders: Please Do NOT sign this Petition again if you already signed the original. We are seeking a second Set of Unique Signatures in support of previous petition to Block Round 2 - Syntax Brillian Chapter 11/Case No. 08-11407 Second Set of U

# 11:

5:50 am PDT, Jul 21, Mentor Depret, Belgium
clearly a case of severe misleading from management. How can a company which gathered some 200 million from capital increases (2006-2007) suddenly lose so much when they had best selling LCD tv's? Remember on black friday (November 2007) Li was quick to tell the street they sold some 125000 tv's in only a few hours of time I suspect the tooling deposits were totally overstated. This was the umbrella to move the funds to Taiwan and China so called legal construction. In addition, the receivables from SCHOT simply stayed in Hong Kong and were stolen.

I had 30000 shares bought 6-6.5 in 2007 sold them partially at 2.15 1.8 and between 90 cents and 1 usd

# 10:

2:00 am PDT, Jul 21, Name not displayed, Canada
I am at my retirement and I currently have a paper loss of over $40,000 in BRLC. I have not sold my 15,000 shares yet hoping that Bankrupcy could be stopped. I did my research on the company and read all the fillings. I even bought an Olevia TV and a couple Vivitar products. Sollito said everything was going to be fine and Li said everything was going to be fine. Li buying more stock further reassured me that everything was going to be fine and even when he gave himself a 1$ salary. I really hope there is going to be investigation because the company will be profitable and it is being stolen from me and all the other small investors. This is ridiculous!

# 8:

10:55 pm PDT, Jul 20, Name not displayed, Maryland
Until the morning Syntax-Brillian announced it was filing for Chapter 11 and expected its shares to become worthless, I held 10,000 BRLC shares, mostly long, at an average in the high $7.00. Over half were in a Roth IRA. I sold that morning, for $0.05 a share, causing irreparable damage to my retirement portfolio and I am at retirement age. The company failed to honestly disclose facts that would suggest something as shattering as bankruptcy was imminent. Indeed, they claimed they failed to comply with mandatory SEC reporting requirements merely because they needed time to rework a specific accounting problem. During the months of their silence, external evidence indicated they were successfully marketing their HD TVs. The Olevia brand continued to received rave reviews by objective consumer-oriented sources, including Consumer Reports. Demand for their low-priced, high-grade television sets should have been increasing steeply going into 2009 because of the FCC-mandated switch-over to HD. Because of their months of lies by omission, Syntax-Brillian should not be allowed to walk away from their shareholders through bankruptcy. SB executives should be held to the same legal investigation that ENRON executives underwent.

# 7:

10:13 pm PDT, Jul 20, Jocelyne Annie Strokowski, Canada
YIKES !! JOSSIE

# 6:

7:14 pm PDT, Jul 20, Anthony Smith III, New Hampshire

# 5:

6:11 pm PDT, Jul 20, James Li, California

# 1:

2:27 pm PDT, Jul 20, TRANG HUA, Florida

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