Lifehouse Retirement Properties (LHRP)

[Renee]

LHRP SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-71465.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf

[Slojab]

Someone was able to unload a few shares of this shell today.

Trip zeroes soon.

[Slojab]

Thanks.

Got anything for the Ibox?

[MONEYMADE]

You are so cool....

[satelliteguy]

Wait, I just got a telegram from the front! Moneymade's DD is almost ready!

[Slojab]

I wiped the Ibox on this one.

If anyone can provide any facts worthy of being there, let me know.

As best I can tell, it's a shell.

A dead shell.

[Slojab]

Yep. And back down today.

[Dovegra]

Did this go up the other day? For some reason I thought it was lower... haven't been watching it really.

[Dovegra]

All that information that is listed happened a while back now... so... I would think it would have already made its move- no? I hope it comes back though!

[Slojab]

So, do you think this is not a shell?

That the info MM put in the Ibox is accurate?

[TOUCAN]

I hope this one comes back to life soon,

[Slojab]

MM is with you in spirit. ( ;

[TOUCAN]

NO, it sure is lonely here ... LOL

[Slojab]

Is anyone in this turd?

MM?

Did you ever find out if the properties you have in the Ibox have anything to do with LHRP?

I think not. But I could be wrong. Am I?

[Dovegra]

nope... thank goodness!

[Slojab]

No worries. Noone's holding their breath while we wait.

[Dovegra]

lol- I sent out some emails the other day so I am waiting on some responses- but not really counting on them. The LifeHouse email on the site definitely does not work and comes back as undeliverable. We will see....

[Slojab]

to be continued...

We'll be here. ( ;

[Dovegra]

Ok, so I have taken a little time out to figure out what this stock is about: Who are LifeHouse Retirement Properties and Westport Capital Partners, LLC.?

Quality of Life Health Care Corporation (QLHC) started operating its assisted living facilities in Michigan under LifeHouse Retirement Properties, Inc. on April 14, 2005.

The “acquisition” that was posted in the iBox was on December 4, 2008. (www.westportcp.com/press/WCP20081204rel.pdf).

Basically, they formed an entity called LifeHouse Holdings, LLC and sold the LifeHouse Retirement Properties, Inc. and LifeHouse Management Services, Inc. assets to it. LifeHouse Holdings, LLC is an affiliate of Westport Capital Partners, LLC. According to DLA Piper (www.dlapiper.com/files/upload/M&A_Newsletter_Dec08.html), the transaction was for $90.8 million in cash.

Under the agreement, LifeHOUSE will operate with the same senior executives and all communities will remain in place. LifeHOUSE also looks forward to continuing their quest to “create a new benchmark for quality-care” and “will be supported by additional renovation capital provided by Westport and other sources.”
Here is an article talking about LifeHOUSE Holdings, LLC Renovating a property: www.mlive.com/business/west-michigan/index.ssf/2009/01/lifehouse_completes_1_million.html

When searching under “LifeHouse” on the Corporation Division Business Entity Search, there were many results that came up:

www.dleg.state.mi.us/bcs_corp/sr_corp.asp

With regards to LifeHouse Retirement Properties, Inc. there are two listings. One is a Domestic Profit Corporation and the other is a Foreign Profit Corporation

Foreign: www.dleg.state.mi.us/bcs_corp/dt_corp.asp?id_nbr=650618&name_entity=LIFEHOUSE%20RETIREMENT%20PROPERTIES,%20INC.
Domestic: Under Type, it says “Prior Name” and Incorporated on 3-31-97 www.dleg.state.mi.us/bcs_corp/dt_corp.asp?id_nbr=462607&name_entity=LIFEHOUSE%20RETIREMENT%20PROPERTIES,%20INC.%20%20%20%20%20

This is what the state has for Foreign Profit Corporation in regards to a definition:

"A foreign limited liability company is one that is formed under the laws of another jurisdiction. Foreign limited liability companies that are "transacting business" in Michigan must first obtain a Certificate of Authority from this agency. The term "transacting business" is a technical term. The Michigan Limited Liability Company Act sets out particular activities, which in and of themselves do not constitute transacting business. In determining whether it is necessary to obtain a Certificate of Authority, the limited liability company should look at its proposed activities in this state, the statute, and applicable court decisions."

This is as far as I have gotten but I will try to visit different things such as past involvements and the names of the people listed with these companies and see if I can pull something up. Has anyone tried contacting the company directly?

Also, Westport looks like it is in the real estate businesses basically- acquiring properties in distress or needing work for the little time I spent reading about it.

to be continued...

[Dovegra]

definitely will do.

[Slojab]

OH! Well, yeah, if you already bought it, dd it. lol

If you find out what the properties in the Ibox have to do with LHRP, let us know.

[Dovegra]

well, its worth a look. I honestly haven't done much DD on this one. I got it when I was on vacation so my mind was a bit mush. I think I am paying for that now- :( Never buy stock on vacation ;)

[Slojab]

I don't think there's anything to delve into.

It's a shell, imo.

[Dovegra]

I won't hold my breath... trying to find the time to put a little more time into delving into this one. See what's going on with it. Time is such a pain in the a$$ sometimes :)

[satelliteguy]

M0NEYMADE likes the quiet. It helps him concentrate on his DD. I'm sure we're going to get a thorough report from him any day now.

[Dovegra]

cricket....

[Slojab]

That's quite a B/A spread on a current sp of .0065!

.0016/.0044?

MM, are you sure the properties in the Ibox are in any way a part of LHRP?

What's your dd uncovered?

[Slojab]

How's your dd going, MM?

Still at it?

Do you need any help? What's the mc on this?

[Slojab]

That's what it looks like to me, too, Tom.

I hope anyone that comes to this board does the dd and comes to an informed conclusion of their own rather than just accept what the Ibox indicates.

No, I don't know of any publicly traded facilities at this level of the market. I don't know if I'd want anyone I loved to be enrolled in one, if there was! LOL

[texas tom]

LHRP looks like an empty shell. Otherwise, I would be interested in buying some shares. Are you aware of any Nursing Home stocks trading on the Pink Sheets or OTC BB.

[Slojab]

With the sp at .0065, the B/A is .0016/.0045?

It doesn't look like many people think LHRP has many assets?

If so, why are all those care facilities in the Ibox? What do they have to do with LHRP?

MONEYMADE? What has your dd uncovered?

Is this a good stock?

[Slojab]

From Ibox.....

MODERATOR NOTE...I just signed up today. (Will do my best here...doing DD now)

LifeHouse was acquired by www.westportcp.com/healthcare.aspx shares were not cancelled

Any updates from your dd, MM?

What's the significance of the fact that shares were not cancelled in relation to the transaction? What does LHRP have in way of assets?

[satelliteguy]

It's all MM games. And those damn naked Canadian shorts.

[Slojab]

Hey, satelliteguy. It appears LHRP just became a little less overvalued, eh?

I wonder why noone's swooping in to buy the "cheap shares"!

[Slojab]

Have you confirmed, yet, whether anything in this post pertains to LHRP?

There doesn't seem to be much awareness of how undervalued LHRP is if it has anything to do with the operations of all these care facilities.

[satelliteguy]

Ummm... "Scenario B"?

[Slojab]

Yo, MONEYMADE! Any updates on your dd?

[Slojab]

There's two scenarios.

Either this is a VASTLY undervalued company which owns and operates all those multi-million facilities listed in the Ibox and you're gonna be rich when the word gets out.

Orrrrrrrr........

This is just a shell stock and it's OVERvalued at the current sp.

If the former, it should be no problem finding out with just a simple phone call.

If the latter, you probably won't ever get anyone to answer a phone.

[Dovegra]

Some communication of progression from the company would be nice. Looks like a pretty solid undertaking here.

[mich1365]

Yeah not sure what is going on.

[Dovegra]

This has gotten very quiet! Got in Friday... didn't expect it to go quiet just yet lol.

[Slojab]

Save your breathe jermart. Noone's listening.

I tried to engage a discussion on that subject Friday.

Someone was supposed to get in touch with the company and find out what the company has in way of assets.

Waiting.

[powderkeg]

NOW is the time to buy. imo

[Stately]

I like the way this is trading so far this morning. No sells, and the bid is slowly creeping up. Holders are clearly in control here.

[MONEYMADE]

Good morning all!

[MONEYMADE]

Daily link: http://regsho.finra.org/regsho-Index.html

[mildtrans]

How did you get this report? Thanks.

[satelliteguy]

Those reports are interesting.

[jermart]

LHRP IS A SHELL make sure your the first one out tommorow.

[MONEYMADE]

Did you see the Finra report Friday....Hilarious!!