BetterInvesting, the US National Association of Investors Corporation/BetterInvesting (NAIC), has experienced continued success with the Online Stock Study events organized by volunteer educators for the association's members.

The monthly webinar features an analysis of the stock of a publicly traded company. The volunteer educators use investment analysis tools such as the Association's Stock Selection Guide and IClub's Tool Kit software. The sessions, which allow questions and rankings from the on-line audience, have consistently drawn 600-900 participants.

Vilnius, January 30. Small investors, united by WFI member Investors Association (Lithuania), ask the court to return money, paid for unregistered share issue of bankrupt Lithuanian bank Snoras. On January 30, 2012, 410 investors submitted a case to the Vilnius Regional Court, asking back ERU 2.4 million.

"After successful process uniting investors seeking higher price in Lifosa squeeze-out process, we managed to gather an even larger group, which asks for the return of deposited funds for unregistered Snoras shares. We hope that the group action will facilitate a more efficient court process, because instead of 400 claims there is only one — with a record number of applicants in Lithuania," said Investors Association (Lithuania) Board member Tomas Pilipavicius. Investors also ask the court to apply for interim measures and seize the money paid for subscribed, but unregistered shares.

"Under the Lithuanian Banking Act, after the subscription of shares, money is deposited in a special account opened at another credit institution and may be used by the bank only after registering amendments to the Statutes relating to the share capital increase. This means that cash paid by investors does not belong to Snoras assets and must be returned to investors," said the Investors Association member of the Board and the AAA Baltic Service Company attorney Daiva Usinskaite-Filonoviene. According to her, after initiation of the process, Snoras bankruptcy administrator should refrain from taking action on small investors' money.

Snoras shareholders decision to issue new EUR 110 million shares was adopted on 21st December 2011. Most new shares were subscribed by former Snoras majority shareholders Vladimir Antonov (EUR 58.1 million) and Raimondas Baranauskas (EUR 21.6 million) and a fund managed by Jubilee Financial Products (EUR 23.2 million). Small investors subscribed to approximately EUR 7.3 million worth of shares.

On 16th November, 2011, the Lithuanian government seized Snoras shares from private owners, and on 22nd November, the central Bank of Lithuania refused to issue a permit to register Snoras amendments to the Statutes of the capital increase. On 7th December, 2011, Snoras was declared bankrupt by the court. Russian businessman Vladimir Antonov and Lithuanian businessman Raimondas Baranauskas are accused of an asset-stripping operation that is the alleged cause of the collapse of Snoras.

BetterInvesting, the US National Association of Investors Corporation/BetterInvesting (NAIC), has experienced continued success with the Online Stock Study events organized by volunteer educators for the association's members.The monthly webinar features an analysis of the stock of a publicly traded company. The volunteer educators use investment analysis tools such as the Association's Stock Selection Guide and IClub's Tool Kit software. The sessions, which allow questions and rankings from the on-line audience, have consistently drawn 600-900 participants.

From June 11-13, 2009, WFIC members attended the Euroshareholders' meeting in Warsaw, which was hosted by Polish Shareholders Association. The official part of the meeting was held at the Warsaw Stock Exchange. Special presentations were given by Ms. Lidia Adamska, a member of the Warsaw Stock Exchange Management Board and Przemyslaw Kwiecien, a chief economist of X-Trade Brokerage House. The participants learned of the high potential of a Polish stock market and the current economic situation in Poland. The official part of the meeting was followed by a superb cultural tour of Warsaw and Krakow. Elegant lunches and dinners were good opportunities to exchange views and establish new contacts.

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The Joint WFIC and Euroshareholders meetings took place in Brussels on October 21-23, 2009. WFIC hosted a dinner the first evening at which time the retiring Chairman Lars-Eric Forsgårdh, and retiring Sec. General, Claus W. Silfverberg, were honored. This event was followed by two very enriching days of conferences, matters crucial to investors. During the WFIC Board Meeting new officers were elected and a Future Strategy, focused on investor education was approved. The highlight of the joint meetings was a final dinner honoring retiring Euroshareholder Secretary General Jean-Pierre Paelinck.

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The Joint WFIC and Euroshareholders meetings took place in Brussels on October 21-23, 2009. WFIC hosted a dinner the first evening at which time the retiring Chairman Lars-Eric Forsgårdh, and retiring Sec. General, Claus W. Silfverberg, were honored. This event was followed by two very enriching days of conferences, matters crucial to investors. During the WFIC Board Meeting new officers were elected and a Future Strategy, focused on investor education was approved. The highlight of the joint meetings was a final dinner honoring retiring Euroshareholder Secretary General Jean-Pierre Paelinck.

From June 11-13, 2009, WFIC members attended the Euroshareholders' meeting in Warsaw, which was hosted by Polish Shareholders Association. The official part of the meeting was held at the Warsaw Stock Exchange. Special presentations were given by Ms. Lidia Adamska, a member of the Warsaw Stock Exchange Management Board and Przemyslaw Kwiecien, a chief economist of X-Trade Brokerage House. The participants learned of the high potential of a Polish stock market and the current economic situation in Poland. The official part of the meeting was followed by a superb cultural tour of Warsaw and Krakow. Elegant lunches and dinners were good opportunities to exchange views and establish new contacts.

The Joint WFIC and Euroshareholders meetings took place in Brussels on October 21st-23rd. WFIC hosted a dinner the first evening at which time the retiring Chairman Lars-Eric Forsgårdh, and retiring Sec. General, Claus W. Silfverberg, were honored. This event was followed by two very enriching days of conferences, matters crucial to investors. During the WFIC Board Meeting new officers were elected and a Future Strategy, focused on investor education was approved. The highlight of the joint meetings was a final dinner honoring retiring Euroshareholder Secretary General Jean-Pierre Paelinck.

Thanks to hospitality of Mr. Aldo Sicurani, Federation Francaise des Clubs d/Investissement, the WFIC Board Meeting 2010 will be held in Paris on on Thursday, November 18th. On the following day, Friday, November 19, all WFIC members are invited to attend the 'Actionaria' Money Fair, where Federation Francaise des Clubs d/Investissement will have a booth. According to our host, 'Actionaria' has educational character and is aimed at providing information to private investors. During this first day of 'Actionaria', FFIC will organize meetings with investor relations managers of major French listed companies such as L'Oreal, Total or EADS (the maker of Airbus). Participation in this event will be of great value to all WFIC members.

On November 18, 2010, the WFIC Board Meeting was held in Paris. The policy for investor fairs was a focus of our Board meeting. On the following day, all WFIC members were invited to attend the 'Actionaria' Money Fair, where the Fédération Française des Clubs d’/Investissement had a booth. According to our host, 'Actionaria' is educational and is aimed at providing information to private investors. WFIC organized meetings with investor relations managers of major French listed companies such as L'Oreal, Total or EADS (the maker of Airbus). Participation in this event was of great value to all WFIC members.