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Yup.
Those were your quotes... I just pasted. lol
You contradict yourself again...
"...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..." Up to this point you were some what on track or tracking...However, this is where you are missing the point...
To continue, you said, "...Those that are short...still must cover.... Period. Plus pay that daily lending fee..."
The shorts cannot cover because they will not be able to match the CUSIP of the stock they sold short or naked shorted. More so if it was Naked Shorted, because not only the CUSIP does not match, there are no shares to match the amount Naked Shorted.
In order to cover their short, shares borrowed are returned... But where are those shares if they were revoked? It becomes a Failure to Deliver. PERIOD.
Gee... I dunno... maybe thoughts like
"...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..."
"...Keep in mind that the longer this stays out of bankruptcy, short sellers are paying a stock lending fee that racks up daily..."
This is where your mind got twisted... Reading an article that was irrelevant.
Maintaining a Short Position in Stock That Is Delisted and Declares Bankruptcy
https://www.investopedia.com/ask/answers/maintain-short-position-delisted-stock/
It only applies if you are short and the company declares BK... it has nothing to do with this situation.
If that should happen, a lot of people will not be sleeping well. LOL
But even opening at .10 and jumping up from there on the merger would shake the markets.
Negative.
How can you short when you don't own it?
That's naked shorting... selling something you don't have or own.
So let's get bankruptcy off the table. If that is of no concern, then what do you think will happen when the new issue comes out and they have to deliver. That is more relevant than LAHO declaring BK.
What would be your thoughts on that.
So, you're claiming that LAHO is claiming to go bankrupt or are you just wishing they did?
Regardless, the shares are revoked and void. The naked shorts will not be able to produce the shares they borrowed because it will have a different CUSIP number. Fail to deliver.
Short sellers will not be able to get new shares because they sold out their long position and actually have no shares.
No matter how you slice and dice it, it still smells.
Read the SEC filing... CUSIP REVOKED!
IF LAHO wants back in, they will have to redo all the paperwork again. Form 10, 15c211, everything... but not at this time. Wait 3 0-45 days from now.
The Stock Registration was REVOKED. ALL CLASSES OF SHARES ARE VOIDED FROM TRADING.
Do you not get that?
Of course, a new issue would have to be made. Here's the deal...they don't have to register them yet...Only up until they are ready to re-enter the market.
Once the short seller buys back the shorted position, he owns the stock. Why wouldn't the ride it back and if not, why buy it back in the first place.
What is the reason for short selling? Seriously?
Is it not for the reason that they think the price will drop?
If you are quoting references but do not understand the reasoning, then what's the point?
Okay. Answer me this...
How can they close a position when the registration has been revoked?
Would you not have a fail to deliver situation where the stock no longer is valid and therefore cannot be delivered since it was borrowed?
Please explain
Short Volume and Short Interest should both be ZERO.
CUSIP revoked thus the stock cannot be traded nor is the stock valid.
(Updated)Great DD and to the point...
The one thing on Naked Shorted shares in LAHO...
They will never be covered because once the CUSIP changes or has been revoked, those shares cannot be traded or exchanged, forever. They are Void and No longer a valid issue.
True. However, Short Sold shares cannot recover even if a new stock is issued.
When a stock is shorted, it is sold. Period.
To cover, you buy back the stock at the targeted lower pricing. The difference is profit. Should the stock rebound, the short seller makes more profit because they are riding it back up and will bail out with a gain.
With that said, in this case, should the company re-issue stock (and they will have to, since the old shares are no longer valid for registration), those that sold out or shorted the stock, will NOT get the re-issued or new stock, because they do not have possession. That is why I still have my stock in the my account because I did not sell. Yes, it is painful, but been there done that... I know what I hold.
Are you talking about a short sale or naked short sale?
"First are shares are not gone, you can call your broker and put that one to rest. They are just holding them now until instructed otherwise. This is easy to confirm with a phone call." Correct. They should be there because I did not short the stock... so what are you talking about?
I think the post you were referring to mentioned naked short selling in which ghost shares are sold in hopes of borrowing or buying shares at a lower price to cover what was sold.
If the registration is revoked, they are not tradable... they are not gone but are not tradable, big difference.
All I know is, those that Naked or just plain Shorted the stock will not get any shares of the newly issued stock when this is revived.
Better do more DD on the subject... you're skipping over a lot and making assumptions on what you think it says... but not what it says.
I take it that this board became quiet as we may have had shorts onboard?
LOL... Sorry Bro' You are not getting your shares you shorted back since if you did short, no longer hold them, and when the new shares come out, it will have a different CUSIP which will not match the old that you hold. BWAHAHAHA
I said... "Failure to deliver is illegal and Not looked upon so kindly by the SEC."
What I should have said is: Failure to deliver is Not looked upon so kindly by the SEC.
What happens after time has elapsed and no shares can be covered? That is between the SEC and Brokerage.
Let me rephrase this... Naked Short selling is not illegal but it is frowned upon by regulators. Especially if there are Failure to Deliver shares out there.
Here is an excerpt from the SEC regarding this:
https://www.sec.gov/investor/pubs/regsho.htm
Now what happens to the MM or broker is between the SEC and them.
Naked Short Selling requires no shares to short...
They just short the stock in hopes to borrow or buy some at the low and cover their actions.
But, if the CUSIP is gone... guess what, they cannot cover nor receive new stock since they have none to begin with.
Could mean Jail and Fine for Failure to Deliver.
There are no shares. So, they lose out on getting new issued shares with a different CUSIP.
Stock trades because they are identified by CUSIP number, which IDs the company. An invalid CUSIP will not be accepted for trading.
Those who naked shorted are in Deep Kim Chee. The shorted with no stock in exchange, naked shares. That is not good for them... Jail time and fine.
Failure to deliver is illegal and Not looked upon so kindly by the SEC.
Some MM's have lost their licenses because of this type of action...
Worst, Naked short selling, selling shares you do not own or have borrowed, is even worse!!!
Failure to deliver... Look it up.
Here's another train of thought...
Since the short action is "Selling" to short the stock and to "BUY" is to cover their short sales, it can be presumed that those that shorted the stock means they do not hold shares, regardless of borrowed or owned.
Therefore, if the stock is revived with a different CUSIP, and an exchange is made on a 1 - 1 basis, they will only count those who are shareholder and not those who sold their shares, regardless of shorting or outright selling.
They lose
No. Shorting works when someone sells on the uptick in hopes that it will be going down.
When it hits their target, will buy back the amount of shares needed to "cover", riding it back up and taking profit.
If they "illegally borrowed" shares from accounts that were not theirs, and let's say in this case, where the company comes back but has to reissue shares because the first batch had been voided, it will have to have a different CUSIP number assigned since the old was revoked. That being said, those who shorted with borrowed account shares, are in trouble. Failure to deliver is NOT FAVORABLY LOOKED UPON. It's illegal. Many MM's have lost their standing because of previous actions of the same. In this case, they cannot deliver what is not there.
Wrong. They will not have to do anything.
The CUSIP number has been revoked. This is why this is not listed. Check FINRA.
Therefore, if the CUSIP no longer exists, they cannot return the shares they "borrowed"; and that is called Fail to deliver.
This is getting too ridiculous and funny... There are those trying to put down a REVOKED stock as if it was still trading!!!
It looks Over-Intelligent repeating the same garbage... and let me tell you a simple reason why.
The company is not trading and ALL of its stock got revoked! There is no LAHO on the markets. Go check. You won't find it because it is done.
Yet, we get the same song every day. You can only beat this down so much and then it disappears. But apparently, even when it is gone, there is still a rant and rave... pretty hard to fathom.
You guys WON get it! LAHO got revoked.
You have to feel sorry for those who lost their investments but, there are sadists out there that like to rub salt and grind it in.
Karma will get even and more. Picking on those who have been beaten and left for dead, yet come back and stomp on them again is not very nice. It shows your character. tsk tsk
He also does some intense DD when he finds something interesting.
Stervc?
Retired USAF officer.
Been on IHub for years. Jumps and flips, on occasion finds a nugget or two.
No prob... my skin is thick. LOL
Peace Bro'
I am dialed... yes
Maybe because I can see thing unfolding and so far it is moving that way.
They come back as LAHO because it would be easier. If they were to merge with GSCG before they wnet public, they have to include their financials also. This would take forever...
It would be easier to reopen as LAHO, announce the merger a few days or solater since they would now be a public company,
What do you mean "dump" shares?
Negative... there is no float
Shares got revoked... ALL CLASSES of Shares Issued.
"Accordingly, it is herebyORDERED that: Pursuant to Section 12(j) of the Exchange Act, the registration of each class of Respondent’s securities registered pursuant to Exchange Act Section 12 be, and hereby is, revoked.The revocation is effective as of September 18, 2019."
So, if there is no float... why reissue it?
It never made it to Greys... Suspension was ended on Sept 19 read the filings.
Lunch is almost over... Get ready for the pod of whales taking up the loose shares LOL
I think what we have here are some shorts that got burned...
That is why we have so much negativity here... lighten up dudes you won! Shares are revoked and you do not have to cover now LOL...
Regardless, they were misinformed. The truth is LAHO was in Suspension and not tradable.
Therefore it was NOT on the Grey Market. Suspension ended on Sept 19. You go figure it out.
LAHO FLOAT REDUCTION POSSIBLE...
Since the "Float" are issued but unassigned and technically does not exist now since it's registration was revoked...
They do not have to reissue float shares and could go back into the A/S.
Think about this and smoke it...
Dude... I am sorry you missed the boat and do not have any vested interest in this.
You can rant and rave that this is a loser... but who cares?
The company put out some news today... I take it that you read it.
If not, go back and read it.
Again, Sorry you missed the boat. Better luck next time.
No LAHO did not go Grey. It was suspended. There is a difference
180 days is the estimated guess that it would take...
Now, they know how to fill out all the forms needed. It ain't their first rodeo... So it should not take too long for that.
Two things LAHO got going for them...
They have a Law firm and a CPA firm tied in...
check the right side of this link...
http://www.lans.holdings/investor.html
Sometimes companies have to go and look for these two assets and deal with them... The law firm and the Auditors are already informed and working on it.
Since there were no conflicts with the old auditor on the numbers, the new auditor (Frucci) can take up where they need to and go from there. (read the 8K)
Now the kicker.
LAHO has completed their due diligence and have come to an agreement with GSCG on the merger.
Now, what will take some time will be the filings and the re-application approval by the SEC, FINRA, MM's involved. Piggy backing will come in when approved, so the MM's will be quoting this when that happens.
The good thing now is that the shares are revoked; and, this includes Common, Preferred shares issued. So, with that said, a new issue will need to be done.
So, this is just a train of thought...
What happens to the float? Well, those are free trading shares but with no owners... therefore it might reduce the float to a smaller amount or even zero since those shares did not affect anyone since they were not assigned. Hmmm...
What would happen if that was the case? No float? OMG LMAO... But jmho...