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Arax Holdings Corp (ARAT)

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Last Post: 5/19/2022 8:26:24 PM - Followers: 42 - Board type: Free - Posts Today: 0



Partners: CryptoHub - Luna Mesh - TOTAMS - revolgy - Montessori Model United Nations - Wall it - Core Coin - Wallace

Core Group is a company that specializes in decentralized software and blockchain solutions that focuses on facilitating the traditional circular flow of economy seamlessly into the circular flow of a digital economy. Core group has built and integrated various applications within the communications, data management, identification, social interaction, transactional, IoT and AI environments.

Twitter: https://twitter.com/CoreGroupCC


Eustis, FL/USA
Roodepoort/South Africa



------------ibox still under construction, research ongoing----------------

Hug Life's (aka LibertyUguy) section - pre sale

Latest updates
July 1, 2021 - ARAT sold to Michael Pieter Loubser of Slovakia. He runs several companies. It appears that the new company is a blockchain company called "Core Group," that does crypto and other interesting things. The same owner and management opperate "Global Trade and Investment Finance." Both companies are involved in the same fields.
May 21, 2021 - Lazar files Amendment Before Issuance of Stock in Nevada. This usually means that Lazar has a buyer for his custodianship!
May 20, 2021 - ARAT goes Pink Current after submitting 10qs for January and April 2021.
May 5, 2021 - Custodianship terminated and all unasserted claims barred.

ARAT is a Lazar play.

Case A-20-825346-B in the Eighth Judicial District Court of Clark County Nevada 
Defendant: Arax Holdings Corp.                                               
Plaintiff: Custodian Ventures, LLC (David E. Lazar’s company)
Case Status: Closed                     
Custodianship Events and Hearings (as of December 31, 2020)

Case A-20-825346-B in the
Eighth Judicial District Court Portal


Motion for Appointment of Custodian

Order 201230 - ARAX Order Appointing Custodian

            Parties Present 9:30 AM: Chasey, Peter L. - Attorney (Lazar's Attorney)
            Minutes: All appearances made via the BlueJeans Videoconferencing Application. Colloquy regarding typographical error in pleadings that changed "ARAX" to "ARAT". Court stated its findings and ORDERED, Motion for Appointment of Custodian GRANTED. Mr. Chasey to prepare the order and clarify the typographical error.

Motion for Order
Motion to Require Written Proofs of Claim

Clerk's Notice of Hearing
            Clerks Notice of Hearing

Certificate of Service
            Certificate of Service

Motion  (9:30 AM) (Judicial Officer Allf, Nancy)
            Motion to Require Written Proofs of Claim
            There being no opposition, Motion Granted

Affidavit of Publication
Filed by Scott Sibley, Publisher of Nevada Legal News

Motion for Order

Motion to Bar Unasserted Claims and Terminate Custodianship     

Clerk's Notice of Hearing
"Please be advised that the Motion to Bar Unasserted Claims and Terminate above-entitled matter is set for hearing as follows
   Date:      May 5, 2021
   Time:      9:00 AM"
   Location:  RJC Courtroom ...."

Status Check 

Judicial Officer
Allf, Nancy

Hearing Time
3:00 AM

wirtten proofs of claiim (that is how the clerk wrote that sentence)

Journal Entry
"Court further finds after review that on March 31, 2021 a motion to bar unasserted claims and Terminate Custodianship was filed. The motion stated that the Custodian served Notice of Entry of Order via publication, which was completed on March 23, 2021. The Motion also stated that no proofs of claim have been filed or otherwise submitted to the Custodian."



Judicial Officer
Allf, Nancy

Hearing Time
9:00 AM

Motion to Bar Unasserted Claims and Terminate Custodianship     

05/05/2021 Order
Order barring unasserted claims and terminating custodianship.

Share Structure Information

AS: 75,000,000 as of 11/01/2019 and January 7, 2021 per Nevada filings by Lazar
OS: 10,335,294 as of 11/01/2019
Float: 2,300,000 as of 01/06/2017

From the 10K issued October 28, 2017 https://www.otcmarkets.com/filing/html?id=12128448&guid=b1neUKDt7oibS3h

“Pursuant to a revision to a certain Consulting Agreement dated October 8, 2013, between Thru Pharma and Strategic Universal Advisors, LLC (“Strategic”), as amended effective January 17, 2014, on or about February 9, 2015, and most recently on October 20, 2015, with full effect as of April 1, 2015 (the “Consulting Agreement”), Thru Pharma and Strategic agreed that the intent of the Consulting Agreement ab initio was to provide Strategic with a 3% equity ownership of Thru Pharma in the event that a PUBCO M&A transaction did not occur prior to the end of the Consulting Agreement. Thru Pharma and Strategic agreed and stipulated that 753,504 shares of the Company would equal 3% of Thru Pharma as the equity payment under the Consulting Agreement, with transfer subject to the further provisions stated below. As Thru Pharma was the sole beneficiary of the services provided by Strategic under the Consulting Agreement, no part of the value of the consideration for services provided under the Consulting Agreement has been recognized as an expense by the Company.

In connection with earlier amendments to the Consulting Agreement, Strategic granted to Mr. Keough, a control person of the Company and Thru Pharma, an irrevocable proxy (the “Irrevocable Proxy”), to vote all of the common stock in the Company under certain conditions. That proxy no longer exists under the terms of the most recent amendment.

As part of the currently amended Consulting Agreement, Thru Pharma agreed to transfer 753,504 Company shares to Strategic upon the closing of a merger or acquisition (an “M&A Transaction”) of a public entity, resulting in Thru Pharma being the controlling owner of the entity that was the subject of the M&A Transaction, and Thru Pharma would cause such entity to also issue to Strategic a stock warrant to purchase 600,000 (six hundred thousand) shares of common stock of the entity that was the subject of the M&A Transaction. Such warrant will be of five-year duration, exercisable at $0.10 per share, and shall vest in four equal amounts of 150,000 shares with the first annual vesting to occur 60 (sixty) days following the completion of the PUBCO M&A Transaction, as well as other routine terms.”

The M&A transaction did apparently occur on March 1, 2017 and the 753,504 shares transferred to Strategic would likely be part of the known OS. It is unknown if any of the 600,000 share warrant has been acted upon. There is just over a year left before that warrant is void. It is quite possible that this warrant has been acted upon.

“Effective July 1, 2015, Arax and Catalyst Funding, LLC, entered into an Original Issue Discount Revolving Secured Convertible Promissory Note (the “Catalyst Note”) and a Securities Purchase Agreement (the “Catalyst SPA”). The transaction is secured by a grant of security interest to 100% of the Company stock held by or for Thru Pharma. The Catalyst Note and Catalyst SPA are intended to facilitate funding essential work relating to reporting and accounting costs. The total available funds are $200,000, and the Company has only drawn $75,000, and for which the Company is obligor. A Commitment Fee of Company stock in the amount of 35,294 shares was authorized for issue to Catalyst as part of the transaction recorded as an initial debt discount of $14,118. In the event that the Company is unable to timely make payments under this Agreement, Catalyst has the option of gaining control of the Thru Pharma shares in the Company.

On March 1, 2017, the Company’s majority shareholder, Thru Pharma LLC entered into a merger agreement with Kasten, Inc., a Nevada corporation (“Kasten”), whereby Kasten was the surviving corporation. As part of the merger agreement, the shares in the Company held by Thru Pharma were withheld from the agreement and the Company was no longer identified as a subsidiary of Thru Pharma thereby effectively spinning out the Company and excluding it from the surviving entity.  Kasten has been identified as party to and co-guarantor of the Catalyst note.  The Company is in the process of settling the note with Catalyst whereby funds used to satisfy the note are being provided by its Chief Executive Officer, Steven J. Keough whereas Mr. Keough will be effectively purchasing the 8,000,000 common shares in the Company and the Arax Holdings Corp receivable (listed on the books of the Company as a related party payable in the amount of $211,149 for the nine months ended July 31, 2016) in exchange for extinguishing the note.  The 8,000,000 shares are currently collateralizing the Catalyst loan. Upon satisfaction of the note, the Company’s related party payable will be due to Mr. Keough, and he will become the majority shareholder in the Company.

This means that instead of a dilutive toxic note, 8 million shares of the OS (almost 80% of the OS), which already existed and were owned by Steven Keough, were put up as collateral. It is unknown if the money was paid back or not, or if Catalyst Funding actually holds those 8 million shares. - update: Thru Pharma apparently still had those shares in 2020 according to the 2020 10k.

It should be noted that Thru Pharma had a huge back tax issue of $299,737.26 as of January 28, 2019.


Organization and ownership information

Arax Holdings’s status in Nevada is Active. Three filings submitted January 8, 2021.
Arax Holdings is Pink Current on OTC Markets

Previous ownership
Kasten INC is in default and was last updated in Nevada in 2018. Weirdly though, there is a Kasten, INC registered in Delaware and is in lapsed status. According to the SEC lei report, they are the same company
Arax Holdings, Thru Pharma, and Kasten were all owned and controlled by Steven J. Keough of South Dakota. On December 30, 2020, David Lazar was appointed Custodian of Arax Holdings.
Strategic Universal Advisors, LLC  is active in New York. Catalyst Funding, LLC is active in Texas.

From the 2020 Annual Report - 
Annual Report (10-k) filed April 22 2021 - 02:19PM 

David Lazar owns 17,750 shares.
Thru Pharma owns 8,000,000 shares 

So, apparently Keough never paid off the debt to his own company... 

 --------------------------End Hug Life Section

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ARAT News: Current Report Filing (8-k) 09/09/2021 11:35:45 AM
ARAT News: Amended Current Report Filing (8-k/a) 08/17/2021 09:27:35 AM
ARAT News: Current Report Filing (8-k) 07/01/2021 06:01:38 AM
ARAT News: Annual Report (10-k) 04/22/2021 02:19:52 PM
ARAT News: Current Report Filing (8-k) 02/01/2021 03:25:59 PM
#3708  Sticky Note Fact is something that is factual and undisputed SmallCapValueInvestor 05/19/22 10:18:13 AM
#3534  Sticky Note ARAX HOLDINGS CORP. pennypauly 04/18/22 06:59:14 PM
#3326  Sticky Note Officer change just went through on the SOS, rwalto 04/04/22 09:35:46 AM
#3732   If a real business, which there will be, Tiger Money 05/19/22 08:26:24 PM
#3731   HIGHLY likely. Patrick Bateman 05/19/22 08:17:36 PM
#3730   Reverse split? Tiger Money 05/19/22 08:15:58 PM
#3729   They paid David Lazar $400,000 to obtain this abrooklyn 05/19/22 06:40:25 PM
#3728   Yup again :) SmallCapValueInvestor 05/19/22 05:36:26 PM
#3727   Yup :) SmallCapValueInvestor 05/19/22 05:36:18 PM
#3726   If you want to take out the offer splintered sunlight 05/19/22 03:57:43 PM
#3725   That does not mean they are merging Coregoup splintered sunlight 05/19/22 03:48:16 PM
#3724   Multiple offerings at a $1. splintered sunlight 05/19/22 03:47:37 PM
#3723   https://www.otcmarkets.com/filing/conv_pdf?id=15171040&guid=wvKwkeMlG32jdth htt abrooklyn 05/19/22 02:35:20 PM
#3722   The filings are signed by: https://sk.linkedin.com/in/ockert-loubser-84b53613 a abrooklyn 05/19/22 02:29:37 PM
#3721   Quote: You will always get this from me, on splintered sunlight 05/19/22 12:45:54 PM
#3720   I appreciate your refreshing honest assessment of the situation. Traderfan 05/19/22 12:17:27 PM
#3719   Yes everything is possible on the OTC and splintered sunlight 05/19/22 11:39:06 AM
#3718   Maybe because it's just a fantasy. Traderfan 05/19/22 11:24:48 AM
#3715   Oh okay. splintered sunlight 05/19/22 11:02:39 AM
#3714   I’ll buy as many as I want at SmallCapValueInvestor 05/19/22 11:00:23 AM
#3713   Offered at $1, get some more... splintered sunlight 05/19/22 10:59:45 AM
#3712   another yummy 500 @ $1.02 SmallCapValueInvestor 05/19/22 10:58:15 AM
#3711   Get your bids in - it's coming down again!!!!!!! splintered sunlight 05/19/22 10:56:19 AM
#3710   Again please show me a filling by ARAT splintered sunlight 05/19/22 10:23:07 AM
#3709   You are not missing anything. splintered sunlight 05/19/22 10:18:38 AM
#3708   Fact is something that is factual and undisputed SmallCapValueInvestor 05/19/22 10:18:13 AM
#3707   Maybe because it's just a fantasy. splintered sunlight 05/19/22 10:13:33 AM
#3706   Fact=reported in a filing by the company ARAT. splintered sunlight 05/19/22 09:40:40 AM
#3705   It's fact that Coregroup is ARAT in a filing? splintered sunlight 05/19/22 09:39:11 AM
#3704   Quickly checking in here. The lack of declaration Hug Life 05/19/22 02:18:26 AM
#3703   You can’t deny any of those! Yet, some SmallCapValueInvestor 05/18/22 04:23:59 PM
#3702   Nothing in that was speculation at all. It SmallCapValueInvestor 05/18/22 04:20:55 PM
#3701   Agreed, it should be a near sure thing Traderfan 05/18/22 04:14:51 PM
#3699   You can not deny the NV SOS, it’s pennypauly 05/18/22 03:24:04 PM
#3698   I don't have to - I don't speculate splintered sunlight 05/18/22 03:21:55 PM
#3697   So can you explain why all the core SmallCapValueInvestor 05/18/22 03:19:30 PM
#3696   Not arguing, just haven't seen a filing from splintered sunlight 05/18/22 03:15:07 PM
#3695   Sounds good. Again, do as you please. SmallCapValueInvestor 05/18/22 03:13:56 PM
#3694   All the directors of CORE updated on Nevada SmallCapValueInvestor 05/18/22 03:13:09 PM
#3693   Quote: Looking back, it went to $10 too splintered sunlight 05/18/22 02:37:20 PM
#3692   Excellent points. splintered sunlight 05/18/22 02:35:23 PM
#3691   Yes you can call then Core insider friends Traderfan 05/18/22 02:07:40 PM
#3690   JFK/ARAT SmallCapValueInvestor 05/18/22 01:57:51 PM
#3689   Those peeps came after the 8k thinking PR‘s SmallCapValueInvestor 05/18/22 01:56:22 PM
#3688   I was just responding because you tried to Traderfan 05/18/22 01:53:42 PM
#3687   Also, we got a lot of flippers and SmallCapValueInvestor 05/18/22 01:52:34 PM
#3686   Looking back, it went to $10 too fast SmallCapValueInvestor 05/18/22 01:51:55 PM
#3685   yea, I’m glad they are not insider trading Traderfan 05/18/22 01:23:29 PM
#3684   “nobody in the inner circle of Core thinks SmallCapValueInvestor 05/18/22 01:09:19 PM
#3683   I got 800 @ $1 today, trying to Traderfan 05/18/22 12:57:02 PM
#3682   Hope bout. Now info from the company in Freemoney1 05/18/22 12:51:39 PM
#3681   Congrats.. Ok off to hiking in the mountains.. EmptyBones 05/18/22 12:40:42 PM
#3680   Good for you. splintered sunlight 05/18/22 12:39:56 PM
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