Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LSTS has been revoked, why can I still pull up a quote on iHub?
https://ih.advfn.com/stock-market/USOTC/lustros-inc-LSTS/stock-price
I have asked the same question at:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131593047
How would you like to be kept in Victorville till 2025?
https://www.bop.gov/inmateloc/
That's odd. Here is the EDGAR main page and then the specific revoked order link for Lustros:
https://www.sec.gov/cgi-bin/browse-edgar?company=Lustros&owner=exclude&action=getcompany
https://www.sec.gov/Archives/edgar/data/922011/999999999717001613/filename1.pdf
In the Matter of
LUSTROS, INC., and
MED-X SYSTEMS, INC.
NOTICE THAT INITIAL DECISION HAS BECOME FINAL
The time for filing a petition for review of the initial decision in this proceeding has expired. No such petition has been filed by Lustros, Inc., or Med-X Systems, Inc., and the Commission has not chosen to review the decision on its own initiative.
Accordingly, notice is hereby given, pursuant to Rule 360(d) of the Commission's Rules of Practice,1 that the initial decision of the administrative law judge has become the final decision of the Commission with respect to Lustros, Inc., and Med-X Systems, Inc.2 The order contained in that decision is hereby declared effective. The initial decision ordered that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registrations of each class of registered securities of Lustros, Inc., and Med-X Systems, Inc., are revoked.
For the Commission, by the Office of the General Counsel, pursuant to delegated authority.
Brent J. Fields
Secretary
Funny thing about Lustros, iHub still show info about LSTS, as though it was not revoked.
http://ih.advfn.com/stock-market/USOTC/lustros-inc-LSTS/stock-price
My Level II still shows LSTS as if it is still tradable. OTCMarkets.com is the only place, except for the Daily List, that thinks that Lustros has been revoked.
Over 12 years in prison for Zirk.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128476474
Not only a start but a finish too. The stock registration will be revoked in due course.
LSTS SEC Suspension for Financials / Filings delinquencies:
https://www.sec.gov/litigation/suspensions/2016/34-79320.pdf
Order:
https://www.sec.gov/litigation/suspensions/2016/34-79320-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2016/34-79321.pdf
LSTS looking very thin, when the spread closes it could pop like crazy...interesting. Many plays move before anyone knows why
For Lustros:
Legal Counsel
Zouvas & Associates LLP
For SEC:
http://www.sec.gov/litigation/complaints/2016/comp23526-zouvas.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122226892
BTW, what is a Chilean pound.
.... guaranteed deposit of 120,000,000 Chilean pounds. ....
Bye bye Chile:
ITEM 8.01 OTHER EVENTS
On June 26, 2015, Lustros, Inc. (the “Company”) determined to provide notice to its shareholders of the upcoming public auction of the assets of the Chilean plant of Sulfatos Chile SA (the subsidiary of the Company). The auction shall be a public auction to take place on July 8, 2015 at 12:30 PM (Santiago time) at the offices of the following notary: Don Ivan Torrealba Acevedo, Calle Huerfanos 979, Piso 5, Santiago, Chile. Bidders must present an offer in a closed envelope pursuant to certain specified terms (knows as a “Carta Oferta”), along with a guaranteed deposit of 120,000,000 Chilean pounds. On the date specified, all envelopes will be opened and the assets sold to the highest bidder (and higher oral bidding is permitted after all of the envelopes are opened). The minimum sale price has been set at the equivalent of 50,000 UF (which is approximately $2,000,000). The final price must be paid to the liquidator of the assets within 30 days or a new auction is held. All assets are sold “as is”.
Wow what a POS! How Bill Farley even has his name associated with this company is astonishing.
Another couple of Directors resign:
http://edgar.sec.gov/Archives/edgar/data/922011/000101968715002269/lustros_8k.htm
I see Suprafin Ltd. mentioned in the 10Q.
The incestuous relationship of the Eade/DeMaison band of gypsies rears it's ugly head again:
http://www.law360.com/cases/512fc273aacddf4741008c54
Good old Google:
https://www.google.com/search?q=Suprafin%2C+Ltd
Chile ..... not so good:
The Company shut down its copper sulfate processing plant in December 2014 pending resolution of certain legal matters including the bankruptcy of our Sulfatos Chile S.A. subsidiary. The Company’s subsidiary, Sulfatos Chile S.A. is engaged in litigation before the 4th Civil Trial Court of Santiago, Docket No 25496-2014, in the matter of Oryxeio Ingenieria Limitada v. Sulfatos Chile S.A. On December 22, 2014 Sulfatos Chile S.A. was declared bankrupt by the court. The Board of Directors of Sulfatos Chile S.A. decided not to oppose the bankruptcy process. The resolution of this matter is uncertain.
Progress in Lustros' legal woes:
ITEM 8.01 OTHER EVENTS
On February 2, 2015, our Chilean counsel reported the following with regard to the ongoing arbitration of the Congo Project*. The Chilean representatives of Lustros were served with an interim ruling that revoked the following measures previously put in place:
· Injunction over the 600,000 shares in Sulfatos Chile S.A.
· Injunction over any and all credit that Lustros had/has against Sulfatos Chile S.A.
· Injunction over all funds that belong to Lustros under the current merchant account (cuenta corriente mercantil) with Sulfatos Chile S.A.
· Injunction over Lustros’ share in Bluestone SpA.
Lustros Chile SpA continues to vigorously defend against the actions taken and is working through its Chilean attorneys to resolve this matter as soon as reasonably possible. As further developments arise, they will be reported on a current basis.
Isn't an Annual Statement of Changes in Beneficial Ownership supposed to be for the previous year, not three years ago?
This thing looks like it is very late:
http://ih.advfn.com/p.php?pid=nmona&article=65051318&symbol=LSTS
Hi Sidedraft, I really didn't take away any positives from the 10K. I admit to being a little color bind to the red flags that I should have believed were apparent on no news from the company in 2014. My take is a lot of problems for this company.
Well the 10-K for 2013 has finally arrived.
Reading this tale of woe will certainly put a damper on any joy that this holiday usually provides. So just put off reading it until after the new year.
What does this mean? http://archive.fast-edgar.com/20141215/ABZZV62CI222QZZ9222F2ZZZK3MNZ26RZ462 Is that like "robbing Peter to pay Paul"?
Who or what is "Marky"?
They probably are pretty happy to get the nicest cells on the block at Club Fed.
I wonder how happy those smart and wealthy investors are these days?
.... Please note that the officers and directors are smart and wealthy investors and would not keep investing in this project at a premium to the market if they did not have full faith in the deal.
I am happy to talk to you at any time to try and get to a more amicable relationship and not have this negativity prevail.
Very sincerely
Zirk de Maison
Anyone have a clue what is going on with this company besides the myriad of problems?
I don't see this posted, so here is another piece of recent history:
Form 8-K for LUSTROS INC.
2-Sep-2014
Change in Directors or Principal Officers
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On August 26, 2014, Angelique de Maison resigned as a member of the Board of Directors of Lustros Inc. (the "Company"). Her resignation is not due to a disagreement with the Company.
http://biz.yahoo.com/e/140902/lsts8-k.html
Shares up 25.5% this morning! A lot of buying going on today and buyers are still getting it CHEAP, but if more of us will stick to our guns,and REFUSE these low-ball bids,then it can only continue to rise,little by little.Sellers are taking huge losses,but it's only a loss when you sell.
The only thing we can do at this point is to NOT SELL our shares at these ridiculous prices right now.Someone is pushing this stock by the looks of the charts recent activity, and someone else is really loading up on it.Our only leverage is to hold out for higher prices by not accepting these low bids.So, if & when the Company does get their act together and start selling the product as planned,then it will be worth the wait for us.When you're sitting in over a 90% loss as I am right now,It would just be stupid to sell out now...I'm in for all or nothing at this point.
Is there anything that a share holder can do? I mean its a scam that took advantage of investors. The ill-gotten funds are being seized, do I have any legal recourse as a share holder? What a mess.
Don't know,but I'd love to go down there now!
Do you believe that the following was a true statement, at the time it was made?
. Despite the delay and tough time they went through, this company is in a great position now and I want to one more time extend my invitation to you to please come to Chile as my guest and see for yourself what is going on.
Well,I certainly hope they can "dig" their way out of this one!
Ouch, ouch, and another ouch:
8-K 10/24/2014, after the bell.
OTHER EVENTS
The Company’s subsidiary, Lustros Chile SpA, is engaged in arbitration in Chile, Docket Number 1933-2013, before Mr. Juan Carlos Varela M., a Chilean arbitrator, pursuant to which Nueva Pudahuel is asking for the termination of the tails contract referred to the “Congo” project. He is also demanding the restitution of some alleged properties, the payment of allegedly due rent, and alleged damages in the amount of $3,017,191 US Dollars: (i) $775,396.50 US Dollars for unpaid rents 2013-2014; (ii) $77,539.65 US Dollars for each month of delay; and (iii) UF (Unidad de Fomento, a funds index used in Chile) 50.000 or approximately $2.1m under an alleged penalty clause. Lustros is asking for the termination of the contract, plus damages of UF 50.000 or approximately $2.1m in a counterclaim under the penalty clause. On July 31, 2014 we filed our rejoinder to their claim and our rebuttal to our counterclaim. On September 16, 2014 and September 29, 2014, the parties attended conciliatory hearings before the arbitrator. The arbitrator conceded an extension for the parties to continue conversations about the possibility to settle. That extension ended on October 6, 2014. In addition, Lustros Chile SpA has filed a civil law action, objection to an arbitrator Docket Number 111-2014 before the 23rd Civil Trial Court in Santiago. We are asking the Civil Trial Court to declare that Mr. Varela, as an arbitrator for the case Docket Nº 1933-2013, cannot continue the arbitration because of his objection in the process. This action was brought since the arbitrator filed a preliminary decision on the matter before he was allowed to do so. Therefore, we believe that he lacks impartiality for the final ruling.
On October 16, 2014, we were informed that an injunction order was granted by Mr. Varela and executed on Lustros Chile SpA’s assets in the arbitration.
As a consequence, the following assets are and will remain seized: Lustros Chile SpA’s shares in Sulfatos (600,000 shares); 24,000 shares in Bluestone SpA; bank account ending in 0748 at Itaú Bank; all credit that Lustros Chile SpA has against Sulfatos Chile S.A.; and all credit related to the current account between Lustros Chile SpA and Sulfatos Chile S.A. On October 16, 2014 the Company’s bank account at Itau Bank was levied for 29,019,497 CLP or approximately $49,636 US Dollars. These measures will remain in place until Lustros Chile SpA pays Nueva Pudahuel the full claimed amount, offers assets as guarantee, or arrives at a settlement. Lustros Chile SpA continues to vigorously defend against the actions taken and is working through its Chilean attorneys to resolve these matters as soon as reasonably possible.
On October 22, 2014 a bank account belonging to the Company’s subsidiary, Sulfatos Chile S.A. at BICE Bank was levied for 6,196,654 CLP or approximately $10,599 US Dollars. We believe that this is an attachment that stems from a labor law suit which Sulfatos Chile S.A. agreed to settle for 25m CLP or approximately $42,761 US Dollars that is currently unpaid.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LUSTROS INC.
Date: October 23, 2014 By: /s/ William Farley
William Farley
Chief Executive Officer
Not at all, you can still buy all you want.
It's just like a house that has an overgrown yard and the paint is peeling. A lack of concern for the image of Lustros Inc. by it's stellar management.
So does this mean that the stock has been delisted or something else? .
So does this mean that the stock has been delisted or something else?
A real attention grabber:
http://www.lustros.com/
Sold. I got out after that mess with Trish Malone. This company is in shambles. But I'll keep an eye on it and poss jump back in if they get there biz in order.
Wow, talk ripe for SEC suspension/revocation.
Filing 8-Ks don't keep a SEC filer current.
Has anyone checked out the company website lately? The only thing that you can access is the sec filings; everything else concerning the company has been taken down.
Anyone else seeing this? The small order "paint jobs" have been going the opposite way lately...Looks like someone is deliberately pushing the price down,and then loading-up on larger lots,a little at a time.Could that mean somebody knows something is about to happen? I'm seeing some insider trading going on under the table here.What do yall think?
You called this 2 years ago
What took her so long?
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On September 23, 2014, Trisha Malone resigned as the Chief Financial Officer of Lustros Inc. (the “Company”). Her resignation is not due to a disagreement with the Company. Ms. Malone will remain as a consultant of the Company to assist with its financial reporting obligations until such time as a new Chief Financial Officer is appointed. She will be compensated at the rate of $10,000 per month and may be terminated by the Company at any time upon 30 days’ prior notice.
Upon Board confirmation, Mr. Farley shall act as both the Principal Executive Officer and Principal Financial Officer of the Company until such time as a new Chief Financial Officer is appointed.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
EXHIBIT
99.1 Consulting Agreement with Trisha Malone, dated September 25, 2014
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LUSTROS INC.
Date: September 25, 2014 By: /s/ William Farley
Wow...Awfully quiet around here now! Everybody jump ship by now?
Yes,THANK YOU Sidedraft for bringing this to our attention!(not that I enjoyed hearing it though)
Followers
|
14
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
914
|
Created
|
06/18/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |