414 SE Washington Blvd # 112
Bartlesville, OK 74006
From filings: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7521206
These are some amazing developments for LOCN! And a company doesn't undergo all of these things so quickly just for nothing.
The CEO is listed as owning 0 shares because he has never owned any shares.
According to the filings the CEO, Robert Long, only devotes around 40 hours per month working at the CEO. That's less than 10 hours per week.
He is not compensated with shares (at least he never has been so far).
Here is a copy of that as well as a copy of the beneficial owners list from the 10K for the period ending March 31, 2011:
If you go back and look at previous filings they also show no share ownership by Robert Long ever at any time:
10K for period ending March 31, 2010:
10K for period ending March 31, 2009:
I think technically Robert Long should have done a Form 3 filing right away after he was assigned the position as the president/director. Not sure why none was ever filed.
This poster said pretty much the same stuff about the Form 5 filing not being an indication of a possible R/M:
If you are waiting for a Form 4 filing showing the exchange of shares that might indicate a R/M being in progress you would have to look for a Form 4 filing done by Professional Traders Fund, LLC, the beneficial owner of 62.38% of the outstanding shares, selling their shares to somebody else.
Professional Traders Fund, LLC is a business entity managed by Marc Swickle and Howard Berger.
Professional Traders Fund, LLC obtained those shares in March of 2008, when 133,041,120 common shares were issued to the shareholders of the former parent company of the shell, Roadhouse, Inc. as part of a "reorganization plan".
T/A CONFIRMED SHARE STRUCTURE
as of 11-01-2010
A/S - 500mil
O/S - 133,411,200
FLOAT - 10,108,462
this is a clean reporting shell that has great potential its low float tells us this will run very hard when the right merger candidate does come...
414 SE Washington BLVD 112
Bartlesville, Oklahoma 74006
OTC Market Tier
State Of Incorporation: DE
Jurisdiction Of Incorporation: United States
Year Of Incorporation: 2008
Company Officers: Ronald Long, Dir.
U.S. Registered & Reporting: SEC Filer
Heskett & Heskett
501 S. Johnstone Ave
Bartlesville, OK 74003