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.
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.
There's sarcasm in my post Janet. My apologies if you missed it. I don't need to call them. I'm long and holding.
GL.....$$$$$
Now are we saying that Dave and Benito are colluding with the SEC to defraud investors? Now I have heard it all....SMH
Thanks man... GL
CAN SOMEBODY HELP ME OUT? I've been trying to see if ol' Dave and Benito have been running a scam here as it's been alleged but for some reason when I type in their names it says the search didn't reveal any results. I think I'm using it correctly. Hopefully somebody can double check my efforts. Here's the link I used.....
https://www.sec.gov/litigations/sec-action-look-up
And here are the features........
About this Feature
This search feature allows you to look up information about individuals who have been named as defendants in SEC federal court actions or respondents in SEC administrative proceedings.
Your search results will only include individuals charged in SEC administrative proceedings filed between October 1, 2005, and September 20, 2019, and SEC federal court actions filed between October 1, 2008, and September 20, 2019. This feature will be updated periodically to add individuals from newly-filed actions and individuals from actions pre-dating the time periods above.
Search results will include individuals against whom a court has entered a judgment or the Commission has issued an order. This includes individuals who settled, defaulted, or contested their actions, provided a judgment or order was issued against them. Your results will not include individuals whose cases are currently pending at the trial court or those against whom no judgment or order has been issued.
For Search Tips and more about this tool, see About this Feature in Detail.
When making decisions about investments and investment professionals, you should not solely use this tool. For other resources and tools, see Information for the Individual Investor or visit Investor.gov.
Maybe I'm spelling their names incorrectly. I don't know.
LAHO
$$$$$$$$$$$$$$
Here's a couple of good reads about cusip changes and name changes....
https://www.investorvillage.com/smbd.asp?mb=4143&mn=285556&pt=msg&mid=13388680
https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/
GLA......$$$$$$$
Again you haven't read the previous posts. I know I, and others, have posted it several times but there are third party companies that specialize in buying (purchasing,acquiring)"worthless stocks". In order for them to "buy", there must be a "sell". Unless I missed the basics of trading. Your broker is just one option but a good place to start. SMH
GL2U and all.....$$$$$$$
The short numbers appear to change frequently I see but I think it's a little more than that. Plus you gotta take into account that the average looks like it's decreasing since there weren't any trades in a month. But I digress.....
GL2U and all longs
There may actually be a little truth to that one (for a change). The broker/MM that has the biggest short position would undoubtedly put up the most resistance to the form 211 unless they could cover with minimal loss. Time will reveal who they are but where I disagree with you is the shares available and willingness to sell here. Most people are holding for the merger while a devoted few are trying to convince people to sell and move on. Squeeze coming......
GL
Just scanning the web. Here's a good read from another poster to keep us focused.....
see below, this is from Lans Holdings LinkedIn page a few weeks ago. If you look at #1 in the list of things they are working on they state that they are not allowed to share any timelines, which basically means to me we will be met with no response to our inquiries to the company as far as what the status is with anything. Also at the bottom it reads "quick search on what the SEC typically issues for timeouts on suspended stocks can help you gain common public knowledge as to what ranges the government can issue." Maybe doing some research there will help give us a better timeline on when to see something happening here again
Dear Investors,
First of all, our CEO extends our gratitude for your patience during this disruption. We regret the concern this put on the market, and especially the delay in communication, as we had to first ensure that we had accurately secured all of the necessary agreements.
Of course we cannot speculate as to how long this will take, that all will work out smoothly in the end, or timelines when this will come together, but as our PR states, we have already secured an extension to the acquisition of GSCG and filed the Consent to Settlement with the SEC. The wheels are in motion for LAHO to continue.
In our Press Release we clarified 4 key steps that Lans Holdings Inc is working on
1. Finish getting our past filings to date (which we have already been working on, and no, we cannot share timelines)
2. File a form 10 to re-register its common shares with the SEC
3. Secure a Market Maker to sponsor the Company in a 211 filing to reinstate trading of the Company’s shares
4. Complete the Acquisition of GSCG
That being said, a quick search on what the SEC typically issues for timeouts on suspended stocks can help you gain common public knowledge as to what ranges the government can issue.
Best regards,
Investor Relations
Check the SEC filing deadlines for the fiscal year ending 9/30/2019.......
https://www.securexfilings.com/sec-deadlines/
GLA
I like how you think that's why I'm holding
GL2U and all
I don't know who, if anybody, is buying shares privately or otherwise but there are third party companies that specialize in buying suspended or revoked shares. Question is.... why would they do so if the shares are supposedly worthless?
Here's a snippet from Motley Fool....
"Buyout
Not all delistings are necessarily bad -- a company's stock can be delisted in the event of a buyout or merger. If a company is bought out by another public company, stockholders might receive cash for their shares or could get shares of the acquiring company. If the company is taken private, shareholders will generally receive a cash payment for their stock at the time the shares are delisted."
Here's another link that might be helpful....
https://www.kiplinger.com/article/investing/T052-C001-S001-how-to-sell-worthless-stock.html
I don't know if anybody has actually sold shares post suspension. Might have to ask around but I doubt you'll get an honest answer. Secondly, what might appear worthless to some just might have some value to someone else. I think the link that I posted pretty much somes it up. It's only a starting point but it starts with your broker.
Keep us posted if it works out for you. GL
Maybe this will help point you in the right direction.....
https://m.economictimes.com/money-you/delist-does-it-make-sense-to-wait-for-firm-to-relist-or-sell-shares/articleshow/5158485.cms
Also....
"Talk to your broker. Many brokers will buy worthless (or nearly worthless) stock from customers. That way you can easily get rid of the stock and get a trade confirmation for your tax records.[17]
While each broker-dealer has its own rules regarding how it handles worthless stock, regulations require all registered broker-dealers to give investors at least the best available quoted price.[18]
If you just want to get rid of the stock and aren't interested in OTC trading at all, this might be the best option for you to quickly sell your delisted shares."
GL
Still moving forward despite what others say....
http://www.prunderground.com/cellgenic-set-to-open-new-stem-cells-center-in-belgium-through-partnership-with-churchill-aesthetic-center/00167291/
$$$$$$
And Benito Novas I might add
Let's just make sure I understand you correctly and give you the chance to clarify but... are you saying that LAHO and Dave are part of a "gang of penny stock scammers" that are issuing fake PRs just to take investor's money with no intention of conducting a legitimate business?
Please advise...TIA
5schips, I can't take credit for the write up. I pulled that from the web but several of my earlier posts mention the exact same thing and as you suggested. This suspension, halt, revocation or whatever the flavor for the day was well timed and sketchy at best. It is more likely than not that somebody called in a favor "in the interest of investors" (who were actually making money by the way and not losing it) to hold this down. Keeping this from the greys was brilliant indeed and once all classes of shares are re-instated, shorts must cover. Delisting alone won't save them IMO. I think a major squeeze is coming as shorts (and possibly MMs) scramble to cover.
GL2U and all...$$$$$$$$$
Here's a good read from the web (author withheld) but the link provides answers.....
"$LAHO - When trading resumes it will be almost as if LAHO is a new
company a new deal. This is because they went private and didn't let the company trade in the grays, and in this period, they are getting all the ducks in a row. All i's dotted and t's crossed.
Along with the sponsoring MM's guidance, the pps' will be reevaluated. Take a look at the LAHO chart.....its not there. That's because the old LAHO is gone and we await the emergence of the new LAHO.
What will the pps be reevaluated at? Well the old LAHO was worth "X" before they took the company private. They will have a new valuation when they start trading again. What it will be at I have no idea. But it should be worth more than the day it was suspended.
As I mentioned before, this whole thing was more than likely a MM, or a couple of MM's that were short and getting crushed as the pps climb wasn't going to stop and they pulled in a favor from the SEC.
Trading was halted on 9/6/2019 and it was going to the gray sheets at least for a while. That is until the company pulled that great maneuver. If we had gone to the gray sheets, the shorts would have been able to cover. Now I do believe shorts lost their money on this one.
Look at the date they needed to cover by....9/13/2019 and look at the amount. Now I believe it more than ever. With the stock going into a blue sky breakout, there was no way they were going to be able to cover on 9/13/2019..........so they pulled the SEC move.
Then the company made a brilliant move going private. No gray market where the shorts could cover. And those that sold, shorts, prior to this date, are out. It would be as if a long sold on a down trend or at the bottom right before it took off...Out....Gone. Money lost.
IMO
Follow the money and Shazam!!!!!!!!!! there's your answer!!!!!!!!!
https://twitter.com/zlakr/status/1176893658110382080 "
If stop signs are the best you can do then that's what's bad. If stop signs meant anything then half the pinks wouldn't be traded. That means little or nothing at best. Plenty of pinks have been traded and money made with stop signs. Dude you're not even good at it. Geez.
Did you know that if you contact your broker, he/she can help you liquidate your position (at a drastically reduced price of course) if you even had any shares. Also there are third party companies that specialize in purchasing delisted and/or suspended shares. Why do you think that is? I'll give you a hint, THERE'S STILL VALUE HERE despite the "all hope is lost" song that many are singing. My guess is you didn't even try. GL
LAHO....$$$$$$$
https://www.owler.com/company/stemcellsgroup
$188 million estimated annual revenue
$$$$$$$
That is rumor and should be treated as such until announced otherwise
I agree. And BTW if you haven't checked the web lately, I'm hearing (rather seeing) that the merger documents have been completed and signed by both parties. We'll wait for the official announcement though. Shhh!!!!
Almost go time.....$$$$
Of course there's no evidence. Only their opinions cause they missed out. The SEC went all in on this company and if there was any evidence of a scam then they could've recommended criminal charges to the appropriate law enforcement agency. Since that didn't happen, then there is no fraud or proof thereof. I mean the guy is hiding in plain sight and not so much as a confiscated passport.
Excuses are getting low.....$$$$$$
GL
Benito... keynote speaker to the Mexican Congress.....
https://southeast.newschannelnebraska.com/story/40731176/benito-novas-to-serve-as-keynote-speaker-at-mexican-aesthetic-gynecology-congress
GLA.... we're good here.....$$$$$$$
It's been over a week now since I asked for that link proving investors got scammed or this was a fraud.
Still waiting.......
$$$$$$$$$$$
Hmmmmm
https://www.issca.us/certification-buenosaires/
Worldwide but I didn't see Nigeria listed on there. Haha
GL.......$$$$$$$$$
Who needs evidence anyways when some people can just scream " investors were scammed" with no verifiable proof? Still waiting on that link to prove it.........
ApollyonZ, stop. You're showing us too much DD on how legit this company is. We can't stand it and we can't produce not one link to prove it's a scam despite our best efforts. I thought this board would be dead by now but LAHO is just too strong.
Getting closer to go time$$$$$$.....GL
The narrative Is to make it look like a mystery and keep traders confused. First... there must be shares available for shorts to even close their positions unless the broker already had some in their inventory, they borrowed some from another broker or they created "naked" shares. The SS was nearly maxed out so some shorts may have gotten out but not all. Secondly, even though the shares are deemed untradable at this point, the DTC has final say so which can take up to 30 days or even longer to make that determination. So those that are saying that they quickly got out or profited upon suspension aren't being upfront. They're stuck just like the rest of us since nobody can buy or sell shares. In the meantime shorts are racking up lending fees the longer this drags out, IMO.... hope this helps.
GL2U and all
Absolutely, buddy. I thought about that a couple days ago as well but I just didn't post it. It makes financial sense even though it caps our upside potential but it's the easiest and cheapest way to shed the old and start anew without further damaging shareholders. You've got a good idea though...... patience prevails.
GL friend
LAHO was gonna be dead whether it was suspended or not due to the GSCG acquisition so theoretically you're right even though you didn't mean to be. But take a small victory when you can I guess. Anyways off to bed for me, old guys gotta sleep. Plus my 15 min (posts) of fame per day are about up.
GLA
It appears that I'm not the one confused. Nevermind..... geez
Best of luck to you
Not sure how you got that from what I posted but ok. I'm long here since trip 6s so bankruptcy would not be ideal for me nor did I claim bankruptcy was coming... just clearing that up. And if shorts somehow managed to closed their position before the halt then their golden and they shouldn't be worried. They should be looking for the next big thing. We can agree that the shares are revoked, that's obvious.... and all of the shares are assigned a CUSIP # just like the long's shares are that sits in their accounts. Difference is that the shorts are waiting on bankruptcy. When bankruptcy doesn't come....those CUSIP #'s that are still "related" to LAHO will get attached to a new share, long or short, once all classes of shares are re-issued. Those that are short...still must cover.... Period. Plus pay that daily lending fee. And yes it does stink but we'll get through this smelling like roses.... if you're long.
GL2U
The short seller never owned the stock. Another trader did and the short seller just borrowed it. He must purchase the stock from the market when he closes his/ her position so it can be returned to it's rightful owner. He just profits from somebody else's ownership.
Brokers circumvent "failure to deliver " by swapping shares between themselves thus resetting the clock until shares become available. Multiple "failures" gets them in big trouble with the SEC. I'll be the first to tell you that I'm no expert. I'm researching like everyone should be. We are in a unique situation compared to most pinks that are suspended/revoked and just fade away. We're kinda stuck in limbo and our shares are not tradable.... yet. If the company files bankruptcy, then the positions disappear from shorts accounts and they keep the profit cause they don't have to cover. The longs are stuck with a loss that they can write off. BUT if the company does not file bankruptcy and the shares are reissued, it is my opinion that we go back to the point we were before the suspension where the longs are ok but the shorts have racked up daily lending fees. Although the shares may be untradable after revocation, the positions should still be open. I don't see a situation where you can borrow shares and never have to cover outside of bankruptcy. Will LAHO cease to exist? Yes...but through acquisition not bankruptcy. So we have a technicality here that we'll just have to wait to see how it plays out. I hope that at least attempts to answer your question.
GL
Short sellers don't make profit when a stock's price goes up.... hence the term "short selling". There is no riding it back up....
https://www.investopedia.com/ask/answers/maintain-short-position-delisted-stock/
Short shares are "borrowed" shares. They have to be bought back when the position is closed. Short sellers don't have to cover if a stock is "delisted" and "bankrupt". Both are key, not just delisted. Short sellers still have their positions, the same as those going long when trading was halted so if the shares are re-issued they must cover when trading resumes....IMO.
GL
I think you're right about "Knight" but if I'm not mistaken, usually brokers swap naked shares among themselves which resets the clock to cover and avoids failures to deliver. Not quite sure how it works once the shares were de-registered. Kinda like a hot potato I guess. I gotta look into it a bit more.
GL
That's too funny.... the board is quiet because most of us have heard the non-sense posted already. We know what we own and aren't and moved by their last ditch efforts. We're actually enjoying our weekend with no worries. Time for coffee.
GL