You can sell the stock if you want to take the loss.
We announced three months ago about the future shares swap dealings with Dr. Charlie In for his Raffles Financial Group (RFG) shares. The management noted at that time that RFG listings are in ceased order due to financial audit issues. In the agreement signed, we included a term stating that we will only proceed with shares swap once audit issues have been resolved.
We were informed that RFG is now appointing a new auditor and it may take more months to get it done. In this regard, we don't see the shares swap happening anytime soon.
Another deal signed was the collaboration between Dr, Chalie, and LHGI.
We have prepared and sent a copy of the Private Placement Agreement to Dr. Charlie 3 weeks ago to kick off their fundraising. But, their team has not come back to us with firm funding yet.
We are also aware that LHGI is now in yield sign and has entered into a grace period status in the OTC Markets. To keep us back to Pink Current, we need to submit our 2021 FR for compliance. Our reports are all ready for submission but our current access to OTCIQ has been canceled for now due to non-payment of our listing fee. Hence, putting us also in a grace period status.
Our current financial report, which is the 2021 annual report can be viewed on our website:
Investors | lighthouseglobal (lhgincorp.com)
While we have signed an agreement with Dr. Charlie, as the new investor, the funds have not come in yet. Meanwhile, we are left with no options but to leave it as is until the new investor/ company takes over.
I believe they are sincere in looking out for shareholders but a combination of being from a foreign country and no experience in running a public company leads to "rookie mistakes."
This flew under the radar:
LHGI announces share swap with Raffles Financial Ltd to compensate all shareholders for Covid period. All interested can read on the company's website. No press release. They really need to stop the on the job training and get some professional help.
What has changed in a year?
The zombie stock is quiet. It will stay dead until someone creates a new product. Real estate development software, vodka and coffee are all taken (not to mention the waste management and gold mining).
ss0722 - Glad to hear
that negotiations are
still going on.
I could Not find out
If they do in Fact Receive
the Money, Hope is Alive.
Thanks for the Information.
Good reason you cant find anything out ... jem always good about responding, sometimes just takes time, but the latest fyi:
There's no update yet because discussions and negotiations are still ongoing. We will announce once the deal is finalized and confirmed.
I cannot find out ANYTHING
about what is going on with
this Stock. No True Facts.
They NEED to COMMUNICATE with
Or, Merge with a Corporation
and Select a C.E.O.
Otherwise we are looking at
a Bunch of BAD CROOKS who
should be in PRISON.
Titi - Please, let us know what is discovered. I have owned this stock, under other names and delivering other products, for about 15 years. The “behind-the-scenes” actions for BIG things typically ends in a long quiet period and a new set of products and promises.
Gold Maker -
I have a Lawyer trying
to find out the TRUE Information.
He has Not come up with anything.
It really should be Easy for the
Corporation to come up with the
Money they need.
Or, MERGE or SELL with that Dr's Company.
Hope they do SOMETHING.
Thank you Titi, I greatly appreciate your efforts. I strongly believe we have a winner with this one, low floater with no dilution. Any news at all will send this flying, but we desperately need something announced, anything.
Gold Maker -
I am Trying to find out
Dr. Li's Motives.
If I am Successful,
I will let you know.
LGHI Should Send an Open Letter to
All Shareholders and keep us
up to date. We Need and Deserve
Can you share as to where or how you heard about this rumor? Curious to know if there's any truth behind this. I'm a long time shareholder, without ever selling not one share. I've been patiently waiting for some news or a PR release, anything really. Any sign of hope, would be quite nice.
The number is just to increase their shareholder base. They may want to uplist at some point in time and need a certain number to do that. The $25 fee is for the transfer agent to process the exchange. I heard from LHGI they were offering this for holders who wanted to go to a company with better potential. I don't know why they just didn't do a merger. Strange.
Details were confusing…what is the requirement for 175 shareholders? And, what about $25 each to recertify for a higher listing?
This doesn't appear to be a merger, just offer to exchange shares of Lighthouse for Raffles to get a stake under 30%. Then they will offer financing. Never seen anything like this. Emailed the co. for clarification.
MINUTES OF EXTRAORDINARY GENERAL MEETING HELD ON 3RD and 6TH OF DECEMBER 2021 AT 7:30 PM. VIA ONLINE MEETING.
LHGI made an effort to connect and to explore synergies with another Public Listed Company, Raffles Financial Group. Listed in OTC Markets (OTCQX: RAFFF) and Canadian Stocks Exchange (CSE: RICH).
Dr. Charlie In is currently the Chairman of Raffles Financial Group. You may find his CV at the bottom of the page for your reference.
As a majority shareholder of RICH/RAFFF, Dr. In has proposed to explore opportunities between RAFFF and LHGI.
On a personal gesture for an alignment of interest, Charlie has agreed to acquire some of your LHGI Shares using his RAFFF Shares.
The swap of LHGI Shares to RAFFF is based on a 370:1 ratio.
The terms and conditions will be stated on a more definitive Sales & Purchase Agreement for all who are keen to accept his offer.
His personal offer is subjected to
His general offer is subjected to:
1) a minimum acquisition of 20% LHGI shares, up to a maximum of 29.9%, and
2) a minimum number of 175 shareholders.
Should any of the 2 criteria are not attained, this offer will be nullified and void, unless Dr. In gives an exception.
Our hope is for Dr. In to own more than 20% of LHGI.
Once the above proposal is confirmed and signed,
Raffles Group will inject capital of up to $1M to LHGI to sustain and to embark on its new business plans. The fund injection will help LHGI to be audited, and to be SEC Full Reporting, so we can qualify for an upgrade to OTCQB.
The following are the business activities proposed for LHGI to embark on:
Enabling Projagg Live
REDV Fund in a joint venture with Passion Venture Capital, whereby LHGI will be acting as its Co-General Partner (www.redinasia.com)
Acquisition of Raffles EMI Pte Ltd - advisory in tokenized trade finance, tokenized customer loyalty programs, digital asset exchange IPO
The presentation was recorded. Hopefully they can post on website. There were slides but without any context I told Jem I was logging off.
I could not hear, either. I heard some from…Danny?(missed intro). Jen and Charlie sounded like demons from a horror movie- slow, deep and unclear. I dropped off.
I could not get sound on the presentation. Logged out.
There was a delay on the response. I'm in now.
'P of H' --- Thank You
for the Information.
Will Hope for the Best.
I asked Jem in an email. She said:
We had a very positive feedback from other shareholders.
There will be another session on Monday, 7:30 pm. (Singapore time- 6:30am New York time)
Please take time to attend if you can.
Question. What do I have to do
to log in to this meeting?
Oh. I did not get an invitation, but the msg I saw said 7:30pm Singapore time.
My invitation has 7:30 pm tonight.
LHGI Shareholders Meeting
Date: 3 December, 2021, Friday
We look forward to seeing you!