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Seems to be working okay...
I have seen some grey's actually go higher than when they were quoted... but when they were revoked were no where to be found since they were void and no longer a valid symbol.
Just so that everyone knows that once LAHO's stock registration is revoked... those shares that were bought have no value since the CUSIP will also be void.
Don't forget to tell them that.
Apologies to those who jumped on LAHO... Well, maybe not
Okay, so it got suspended one day after I put out it was a good buy.
DDay is Sept 20th when it goes to Grey Market.
I, will be buying more, whatever I can get at the bottom.
IMO, This might turn out to be a Cinderella stock to get into very cheap.
LAHO will get their shares revoked but will need to reissue new shares at a later date. Everyone in the company who owns shares will have nothing but toilet paper. So, in effect at some point after revocation, will reissue new shares and new classes.
The "Merger" is still ongoing and extended for 6 months. By then, in hopes, all filings will be done and company current.
Those holding shares, should get a replacement once the new shares are issued.
A new CUSIP will be needed once the application to reinstate the company back to current status occurs.
The merger imo, will be AFTER approval of reinstatement Not Before.
This way, the fins will be current and they can work on the new addition/merger fins later.
Another opinion is, they merger just before they go public again. Causing a higher valuation and boost in PPS.
Should all fall into place, this could rocket to silver very fast and to Green.
On the opposite side of the coin...
Like any company that has gone Grey Market and Revoked, are never heard about again... a total loss.
LOL... That is basically what I said.
You have to know what you are getting into first.
#1 - LAHO has been suspended from trading OTC.
#2 - After the suspension has been lifted, they will be moved to the Grey Market.
a - There are no market makers
b - There is no quotes
#3 - The company has agreed to deregister or revoke their shares/stock (all classes).
#4 - When this happens, shares cease to exist in any market.
a - This could happen on Sept 20th or weeks later.
b - Shares will be worthless- a tax write off.
Now with that said, many will be selling out of their position as soon as they can, recouping monies spent.
So, just so you understand, it is not as simple as most here are alluding to, regardless of what the company has stated. Talk is cheap.
That is the general consensus...
I believe they will file for reregistration as soon as the process allows, whatever that is...
The question is, when? If we knew that like anything else, we'd all be rich.
It's not as simple as you say it is...
They need to complete all the missing filings first.
I saw that... But here's the kicker...
When do you think they will file for registration again? Immediately?
A week. A Month. Two Months? Three Months? 6 MOnths form now?
Locating a Market Maker is not the problem... They could go with the same they have now. 90% of this board will forget who this company is withing the next month or two.
Sorry if you don't already have shares... It might be tough getting what you want now.
Glad that everyone is excited to see the merger is still on...
If you don't have any vested interest in this by the time the registration is revoked, you'll probably have to wait until this emerges again, should it.
There is no guarantee that they will, regardless of what is said.
I for one, am hoping that we, that hold shares get new shares at a later date when they issue the new shares before the merger. Again, no guarantee...
Once the registration is revoked, this becomes a Private company again... no information will be available publicly unless they want you to know about it.
I'm just disappointed that the SEC suspended this and that the company agreed to revoke their registration of all classes of stock...including preferred, which they just issued.
So, in the meantime, we wait and see what the stars bring.
The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on September 6, 2019 and terminating at 11:59 p.m. EDT on September 19, 2019:
Lans Holdings, Inc.(LAHO)
Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspensions,no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule.
https://www.sec.gov/litigation/suspensions/2019/34-86883.pdf
In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:
A.Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations; and,
B.Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or12g-3, and any new corporate names of any Respondents.
.18 / 60 = .003 sad...
Where did you come from? LOL
Regardless of Market, if any stock is quoted, you will have a MM.
Greys are not quoted...and that is not bullshit
15c211 is applied, a Market Maker does their Due Diligence to ensure the company meets all requirements.
Should they attest to the validity, they will submit it.
Once approved, they can start quoting or making market. They become lead Market Maker for that company. If they are approved for Piggyback, other Market Makers can jump on.
As lead Market Maker, they are privy to any news or material change prior to its release. With piggybacking all MMs involved are informed.
Dude...
There are no MMs in the Grey Market.
Piggyback eligible applies after the 15c211 is approved.
What are you talking about?
Not often that you see the company agree with the SEC to Revoke registration, so time might be shorter than expected.
Revocation of stock registration is inevitable.
LAHO has agreed with the SEC to do this. Yes, it will to Grey Market but will cease trading.
Understand that there is no guarantee...
Sorry you missed the conversation... you're late. Go check why it was posted.
Well then... Relax and Chill
We know what is going on and what is going to happen...
There is nothing we can do about the process... and it is a process.
I don't hold as much as you but I can feel your frustration. It will come out all good.
Now here's the kicker... All Classes of Shares will be revoked.
Meaning, everyone from CEO down to shareholder will hold worthless paper.
Technically, worthless since it is revoked, but for accounting purposes, good for new issue of stock when the time comes.
I can see that you are not really in tuned to what is going on and have made your own conclusions.
You worried about this company or are you glad to see it go?
Who said the SEC was at fault? Did I?
If so, show me where I said such a thing.
Read the 8Ks... he did what he could until the Auditors get all the information from the Old Auditor.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On May 24, 2019, the Company’s board of directors accepted the resignation of Mr. Trevor Allen as its chief Executive Officer effective immediately. Mr. Allen will continue to be a member of the Company’s Board of Directors. Mr. Allen is resigning to pursue other endeavours and there were no disagreements between Mr. Allen and the Company regarding the Company's operations, policies or practices.
On May 24, 2019, our Board of Directors appointed Mr. David Christensen as the Company's Chief Executive Officer. Mr. Christensen will continue to serve as a member of the Company's Board of Directors.
SECTION 4- Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant’s Certifying Accountant.
On July 24, 2019, the Company dismissed GBH CPAs, PC (the “Former Accountant”) as the Company’s independent registered public accounting firm and on July 24, 2019, the Company engaged Fruci & Associates II, PLLC (the “New Accountant”) as the Company’s independent registered public accounting firm. The engagement of the New Accountant was approved by the Company’s Board of Directors.
Half of it... Not all. Very MISLEADING of you.
Well... the thing is, he is not the one who does the audit was he?
He's got a company to run and he gives out orders... Not only was the CEO changed but also the Audit company. It's in the 8k
So why didn't you COMPLETE the whole quote?
Notices went to the wrong address on file but it was due to late filings... Geez... gimme a break
Who said it was because of miscommunication? SEC does not suspend anyone because of that.
Where did you see that?
As you know the CEo changed right?
Maybe that had something to do with it... you can start some DD...
UPFRONT AND TO THE POINT... FROM LAHO/GSCG
Lans Holdings Secures Extension to Complete Acquisition of Global Stem Cells Group
MIAMI, FL, Sept. 11, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE —
Lans Holdings Inc. is pleased to announce that it has successfully secured a 180-day extension to complete the acquisition of 100% of Global Stem Cells Group Inc (GSCG).
On Friday September 6, 2019, trading in the company’s stock was suspended due to a missed communication regarding the pending delinquent annual filings. Company management has had several discussions with the SEC and has determined that an old address is the cause for the missing paperwork.
The Company has agreed to enter into a settlement with the SEC, which will result in the deregistering of the Company’s shares.
Company management had been working with its auditors, accounting staff and outside consultants for the past few months to bring the Company’s filings current when the Company learned of the revocation.
The Company intends to now file a form 10 to reregister its common shares with the SEC and to locate a market maker to sponsor the Company in a 211 filing to reinstate trading of the Company’s shares.
“We regret the concern this put on the market, and especially the delay in communication of these events, as we had to ensure that we had accurately secured all of the necessary agreements to successfully recover from this disruption,” said Dave Christensen, CEO of Lans Holdings. “We have been working diligently on catching up all records and we are looking forward to quickly submitting a Form 10, and then closing the acquisition.”
This press release should be read in conjunction with all other filings on www.sec.gov
http://www.stemcellsgroup.com/lans-holdings-extension-to-complete-acquisition-of-gscg/
How's your day going Janice? Yes, we all know what is happening...
Though the registration will be pulled and revoked, that does not mean the company will not exist at all.
Yes, there will not be any trading once the revocation is in effect and we all know that.
Lans Honlding also knew this will happen. After all, they agreed with the SEC to revoke the registration.
Point is this...
LAHO wants to merger with GSCG. LAHO has auditors working on their filings. Regardless of how long it takes, their 8K already has stated there are no conflicts with the old Audit company.
Can a Private Company merger with another Private Company? Sure it can. Just as a Public Company can merger with a Private Company or a Public Company merger with another Public Company.
When LAHO is ready to come back, they will request a new CUSIP since the old CUSIP would be associated with the revoked share classes.
I do not foresee the merger happening until after the new CUSIP and 15c211 is done. This way once revived again, the merger will also make GSCG a public company.
Since the business was not creating a lot of revenue, in fact quite the opposite, the filings should be pretty straight forward.
Only Time will tell... But this is how I see it moving along.
Have a great Saturday... Lot of football this weekend.
Of course you cannot place any order. LAHO IS SUSPENDED.
It will depend on supply and demand.
Reality of this is...
You can put your order in buy or sell... and it becomes a real market, what you want to pay and what you are hoping to sell at. If someone puts in an order for .002 but the seller wants .005... you can see where it ain't gonna happen.
The advantage in Greys are for the buyers in this case.
Because revocation is looming, sellers are trading against time. Take a loss and get out or stay and face whatever happens, if it happens.
Let this sink in for a bit...
LAHO is scheduled for the GREY Market.
There are no MMs making market. You put your bid in and hope you get filled, by someone trying to sell... those selling should not expect to get the pricing expected. Why?
LAHO HAS AGREED WITH THE SEC TO REVOKE REGISTRATION OF THEIR STOCK, INCLUDES ALL CLASSES.
It might be immediately or it could take a few weeks. But LAHO WILL CEASE TRADING ONCE REGISTRATION IS REVOKED.
That is fact. There is no ifs and or buts to it. Hope all here understands that.
LOL...
that stem cell company is currently a Private Company wanting to go public.
Wait... 180 day agreement reached. LAHO has 6 months to make it happen.
Most here that have shares are not going anywhere but those without will forget about this company when the share registration is revoked.
This board will be quiet... in fact, might disappear since there would be no trading under the LAHO symbol.
One thing to understand ...
LAHO once registration is revoked, will no longer trade. Period.
The company will still be Lans Holdings but will not have a trading symbol. They will be a private company.
Whatever shares you have will still be in your account but non-tradable. A number may be assigned to it instead of a trading symbol.
It will have no value.
Now, if LAHO does what they say they are going to do, then when the time is right, reapply for registration of new shares. They will have a different CUSIP than what is assigned currently as current CUSIP will be revoked also.
In hope, LAHO will exchange old shares for newly issued shares.
Can't be made any more simpler than that.
Revocation is the Registration of all classes of shares.
The company has agreed with the SEC to deregister... which is in short, to revoke it's registration.
Once this goes Grey Market, if, the Admin process is commencing to revocation. Making this untradable.
Also... would you buy it knowing no one will pay higher?
I know... but your broker is and or can be your intermediary i.e. Etrade... they play both sides, regardless of what some might think.