Laxai Pharma Ltd (fka LAXAF)

[Renee]

LAXAF: SEC registration revoked:

https://www.sec.gov/files/litigation/opinions/2023/34-98681.pdf

[Renee]

LAXAF SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/litigation/admin/2023/34-97550.pdf

[Estrella]

$LAXAF @ .01!

[Estrella]

$LAXAF @ .005!

[Renee]

LAXAF is severely delinquent in filing the company's Financials. The stock is at risk of an SEC Suspension and subsequent stock registration revocation.

https://www.sec.gov/cgi-bin/browse-edgar?company=Laxai+Pharma&owner=exclude&action=getcompany

[Estrella]

$LAXAF @ .0008!

[MWM]

Laxai Pharma (formerly NexGen Biofuels) has given up its flirtation with ethanol for its first love, clinical research services. Under the name Healthcare Technologies, the company once made diagnostic tests and other tools for clinical labs and biotech researchers. But in early 2008 it divested its diagnostics operations and acquired the assets of NexGen Biofuels and taking its name, planned to build several ethanol and bio-diesel plants in the US. However, in 2009 the company had a change of heart and decided to go back to its first business, and in 2010 acquired OSR Solutions, a drug development company. Laxai Pharma's strategic plans call for it to acquire other clinical research services firms.

[Mariner*]

Actually no. After hrs addendum by the OTCBB under SYMBOL CHANGES is showing:

16:29 3/8/2011 LAXFQ to LAXAF Laxai Pharma Ltd.
** Previously filed Chapter 11 was terminated by court order. **

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/07/2011&mkt_ctg=ALL


No "Q" exiting from bankruptcy by court order.
Bankruptcy is terminated.

[Stargold]

look @ laxfq

new symbol

http://www.otcmarkets.com/stock/LAXFQ/quote

[Iron Maiden]

OTC website shows security deleted due to quoting inactivity

http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=02/23/2011

[Stargold]

ahh,

ok but the bc is an old info.
i think the push is coming

[ganxiaohui]

go www.otcbb.com/asp/dailylist said laxaf will be new symbol laxfq on 3/7/2011 Q mean is Bk

[Stargold]

I´m not sure, if i understand. (i´m from europe)

The BC / Chapter 11 is fact since a few weeks.
The last filling says that the reasons for the bc are a few 100k dollars @ UTC or someone.

They geht a lot of shares and give laxaf a timeline @ dezember 2011.

the company can do without the "ok" from UTA nothing, but UTA´s Shares are a great reason to wait a few days/weeks.

aditional the have warrants @ 0,05 cent.

why give uta laxaf a litte chance to work(lol) a few month more?

1. laxaf can earn money and pay them all money back

2. uta make a big push to sell millions of shares.

i think Nr. 2 is the right answer.


The volume in the last weeks was a lot of time "0".
After a long time some one buy round 100k shares a day.( 104.000 to 109.000 Shares) a few days for the last filling a day with over 400k shares. (the most buys were askbuys)

for shortsellers, it was a to low volume

I think the plan for the short future of laxaf is a big short push. the first insiders buy in before a few days. now the filling.

With the filling and " the hope for the future" and a few email promoters the can do a push.

...and i theink they will do it

[ganxiaohui]

monday will be laxafQ mean BK

[Stargold]

somting is going on, after c11 an pinksheets the stock get up 233% @ 0,05

[Stargold]

in the last days, there a few days with round 100k volume...

[HSR]

Anyone out there know if anything is happening?

[HSR]

Something brewing?????

[Stargold]

insert-text-here

a new 8k

[ListenToMe]

PAR VALUE .04 ??????? WOW!


LAXAF Security Details
Share Structure
Market Value1 $633,788 a/o Dec 22, 2010
Shares Outstanding 63,378,751 a/o Sep 30, 2010
Float N/A
Authorized Shares 190,000,000 a/o Mar 31, 2010
Par Value 0.04

Shareholders
Shareholders of Record 104 a/o Apr 15, 2010
Beneficial Shareholders N/A

Corporate Actions
Ex. Date Record Date Pay Date

[Den]

nope / thought news would hit / still waiting

[HSR]

Anyone know what's going on with this?????

[ListenToMe]

11 boardmarks.

[ListenToMe]

J. Ram Ajjarapu, Executive Chairman, Laxai Pharma, Ltd.

Executive Chairman, Laxai Pharma, Ltd.
1010
Age Total Annual Compensation This person is connected to 10 board members in 2 different organizations across 3 different industries.


BACKGROUND*
J. Ram Ajjarapu served as Chief Executive Officer of Laxai Pharma, Ltd. (Formerly, NexGen Biofuels Ltd.) since January 2008 and served as President since January 2008. Mr. Ajjarapu has been Chief Executive Officer of International Energy Holdings Corp. since November 2, 2007 and serves as President and also has been Secretary since June 9, 2008 and also served as its Treasurer. Mr. Ajjarapu served as President of AE Biofuels, Inc. He served as President of American Ethanol, ... Inc. from January 2006 to July 2006. In 2005, Mr. Ajjarapu co-founded Wahoo Ethanol and Sutton Ethanol LLC in central Nebraska and served as their Managing Member untilboth companies were sold to American Ethanol in January, 2006. He has been Executive Chairman of Laxai Pharma, Ltd. since May 2010. He is an Entrepreneur who has successfully started several IT companies in the US and India. He has experience in business operations, finance, marketing, management, administration, and human resources. He also raised significant capital for his companies as their operations expanded. In 1995, he Co-founded and served as President and Director for 10-years of Global Information Technology, Inc., an IT outsourcing and system design company. He Co-founded and also served as Managing Director for an Indian Outsourcing Company from 1997 to 2004. Mr. Ajjarapu served as Chairman of Laxai Pharma, Ltd. (Formerly, NexGen Biofuels Ltd.) since December 2007. Mr. Ajjarapu has been Director of International Energy Holdings Corp. since November 2, 2007. He serves on the board of two privately held companies based in India. He served as a Director of American Ethanol, Inc. from January 2006 to July 2006.Mr. Ajjarapu received a Bachelors degree in Electronics and Communication Engineering from The Institute of Engineer (India) and a Masters in Business Administration from University of South Florida.

[ListenToMe]

This thing is beginning to act strange.... But in a good way.



.

[WayCoolJr]

How high do U think we'll go?

[Stargold]

jep rocking long the hype, an after that , short the fall

[Den]

waitin' for the news .. (hep!)

[WayCoolJr]

We really should start ROCKIN and ROLLIN next week here!

[Den]

morning'

[WayCoolJr]

I've done my part and bought my shares and hit the ask several times!

[Den]

LAXAF - Daily Candlesticks

[WANG]

Time to buy LAXAF

[WayCoolJr]

I just unofficially heard that things are supposed to start ROCKIN here very soon!!

[ListenToMe]

Up is Up and that is good even in a shortened week.



.

[WayCoolJr]

Yes, we should start to slowly move up this week eventhough it is Thanksgiving week.

[ListenToMe]

The good news continues to creep in quietly. I think we will begin to see a bottom reversal begin very soon.


.

[Den]

LAXAF 10Q http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7570010

[ListenToMe]

Better than expected 10Q yesterday.... could see things begin to happen around here.



.

[WayCoolJr]

You think the buying volume will finally come in next week? Or we have to wait till the week after Thanksgiving?

I'm just looking for at least .08 here but looking at level 2 we can do over .10!

[HOSS]

Thin....just need the buyers...they will come...

[WayCoolJr]

Uptick to .023/.034 on only 9K in volume! Just 200 bucks in volume gave us that uptick! KICK ASS!!

Talk about a LOW FLOATER! This thing moves on air!! Gliding by .10 will be no problem!

[WayCoolJr]

And I picked up some more cheapies today in anticipation of that big run SOON!!

[HOSS]

Chill out folks...that PR was just a minor cost reduction note...and hinting we should be well over 0.05 by March 2011 (will be way higher way sooner IMO)...watch the tape...my guess is that is the tip of a few updates due imminently...bigger things are coming here...MUCH bigger...

Check out the website...check out their "Services"

http://www.laxai.com/index.html

After working in research over the last several years, I can assure you this company is going places...if they intend to take their stock along for the ride (do not see why they wouldn't), this is about to run hard...

Cheers

[WayCoolJr]

There was no PR for that next to the profile of LAXAF. There is supposed to be a major push coming here too which should help propel us higher.

[rbd317]

8K out yesterday.. a bit of good news...

In summary:

1. Savings of up to $315,000 over the next 3 years.
2. Notes are convertible at $0.05 (price now is at 0.023 - i guess, we will be heading above $0.05 or higher soon!)


http://www.sec.gov/Archives/edgar/data/835688/000117891310003038/zk1009070.htm

OSR Holding Corp. (“Holding”), a wholly owned subsidiary of Laxai Pharma, Ltd., formerly known as NexGen Biofuels, Ltd. (the “Registrant”), has entered into an addendum to the Asset Purchase Agreement (the “APA”) signed on March 3, 2010 with the seller which will reduce the consideration due by up to $750,000 plus provide a cost reduction in salary for a savings of up to $315,000 over the next 3-yrs.

The adjustment to the purchase price and other consideration for the acquisition will be adjusted as follows:

1. There will be no earn out payment of up to $750,000 which was otherwise due, subject to meeting certain financial performance metrics, in three installments of up to $250,000 each on December 31, 2010, December 31, 2011, and December 31, 2012.



2. Four Million Three Hundred Thousand (4,300,000) additional ordinary shares of the Registrant will be issued to the seller Mr. Vamsidhar Maddipatla.



3. Existing note of $473,159 which carries an interest rate of prime + 3.25% p.a that is currently due has been converted to a convertible note matures and converts to common shares @ $0.05/share on March 31, 2011, if not paid.



4. Existing note of $250,000 note has an option to convert in to common shares @ $0.05/share at the option of Mr. Vamsidhar Maddipatla.



5. Mr. Vamsi Maddipatla converted his employment agreement which currently pays @ $225,000 per year plus benefits in to a Consulting agreement @ $120,000 per year with his limited liability company VM Global, LLC. Through the same agreement, he is also eligible for a 5% success fee on the enterprise value of the acquisition targets he refers or helps the company acquire or any equity received by the company through sources he introduces.



6. Company also entered in to Share purchase agreement and Unit purchase agreements with OSR Solutions, Inc and OSR Enterprises, LLC respectively which are currently owned by Mr. Vamsidhar Maddipatlain exchange for the assumption of total existing liabilities of $183,742 from Bank of America and PNC Bank. OSR Enterprises, LLC has a prime vendor relationship with a large pharmaceutical company with current revenues of approximately $120,000 annually which management expects to increase.

[WayCoolJr]

Calm before the storm.

[Stargold]

No Trades today?