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They are not out of scope of the LOI agreement between the parties, they still have plenty of time left to merge according to the LOI. The problem is the SEC suspension, seems to have taken all by surprise.
If the merger is still on they might have made the decision to let themselves go grey to buy back shares before going to bigger exchanges, thats just a thought but not likely.
Thanks for the articles. The attention is positive so I dont know why the suspended stock flippers AKA bottom feeders don't agree.
The same way you know this is a scam
The LOI was late 1 or 2 days as well. FYI.
Why not? They are already making profits and no manipulation in the greys.
Then why not just revoke them? Why go impose a suspension if there is no way out of it? Explain that? What's the purpose of a suspension of it is not to give a stock an opportunity to redeem itself. That "imminent" logic is not logical and it makes no sense. Just remove the POS and get it over with.
Grey market flippers will make a killing from panic sellers.
This suspension has attracted many hopeful grey market flippers!!!!
If an OTC security has been quoted during the past 30 calendar days, and during those 30 days the OTC security was quoted on at least 12 days without more than four consecutive business days without quotations, then a subsequent broker-dealer may “piggyback” off of this previous quotation and does not need to meet the requirements of Rule 15c2-11 (which we describe below). The exception assumes that regular and frequent quotations for an OTC security generally reflect market supply and
demand and are based on independent and informed decisions
If that's the case, why didn't they just go IPO the way the big boys do it since $500K is nothing for them as you explain.
If they are a scam, why PR at all?
Plus, the heads of these two companies will lose all credibility in this game. You know people will bring this up if they decide to do something in the future. They are jeopardizing the people's trust for what? A couple if millions, if that? Its not one dude operating a company from his mom's basement like 90 percent of these stocks, its a multinational company that will lose much credibility for making a huge judgmental mistake by trying to reverse merge with a POS company like laho. A company that employs many people and in an industry where trust is required to be successful.
I'm with you Chunky!!!!
It makes no sense to believe to that there is no way to rectify the situation once LAHO submits their approved financials. If suspension is a death sentense then why not just demote the stock to the greys right away, why the dog and pony show of a 10 day suspension to get people's hopes up?
Most other suspended companies are so neglected by their management they don't even know they been suspended and get sent to the greys without a challenge.
Good Luck.
I guess post SEC suspension members of this group believe GSCG will trade in the grey market where there is no MM manipulation to get ready for better markets. Excellent!
That doesn't matter much. The percentage of shorts the day before the SEC suspension was 63%. Did those shorties cover?
From August 12 to September 5 there was only one day under 60% of shares being shorted. Most of the volume from August 12 to September 5 was short volume, most days had over 70% short volume. Did they cover?
Anyway, I see you post a lot on the grey stocks huh.
I don't understand why people are saying that even if they get current with 10 days it will be hard for them to stay in the pink sheets. WHY?
Because it has never been done before (debatable)? That's the best logic you got.. I'd like to think that the SEC would want to protect investors and if a company turns in their financials on time they would allow them to resume trading. Especially after the run they had going on. And another thing, why suspend them now? I'm sure few of our local ihub snitches ran to the SEC begging to put a halt on this. Very suspicious timing on the side of the SEC that's for sure. There is a twitter message out there from someone working with frucci their auditing agency saying that they are still working with LAHO on this. also, some of you should go to conversation boards on other websites they have some good information there too.
Like I said if this is real and if LAHO is resposive we will be ok. If not, we were screwed from the beginning.
Why hire a very credible and legit company to audit you?
Why have risk tens of millions they will be making with GSCG for a scam?
GLTA
The SEC has known they are working on getting current and it's not like they have not released some 8ks in the past few months showing that they are trying to get current.
We will just have to wait and see. This has nothing to do with GSCG, if you have to talk to anyone it is LAHO.
Anything can happen in pennyland so don't count this mofo out just yet, we need to see further developments from the LAHO side.
Still holding over 10 times what you are holding. I'm close to my Shrimping profit and this baby hasn't even started to pick up speed. Up 500%+
Good luck
LAHO LONG AND VERY STRONG
Nice! LAHO/GSCG looking stronger than ever!.
The end of day separation of the bid and ask reminds me of the bid and ask behavior S.HM.P was displaying before its monstrous breakout. It might mean nothing but it's something I'm taking note of.
You are correct, news could be released any day now. LONG AND STRONG
This company is showing its strength the past couple of weeks, a nice slow and steady movement is fine by me. No dumping and lots of holding.
GO LAHO/GSCG
Still holding all my shares, 105 Million of them, let's do this. All business as usual here at LAHO. The low volume means people are holding on to their shares ready for the next move up.
LAHO/GSCG STRONG
GSCG IS STRONG!!!! Someone said this baby was going to go back to .0001 by the end of July. And if that was not the case, he would leave the message board. LOL!!!!!!!!!!!!!!!
Whats up now?
Don't come back 2 or 3 years from now when GSCG abandons this symbol to go to a better exchange and say "see I told you it was going to go back to .0001" I was right. SCAM SCAM PUMP AND DUMP BLAH BLAH BLAH
I feel bad for the people that aren't making money, those that took your advice. NOT!!
What a thoughtful post!
BUY ALERT LAHO/GSCG STRONG. BUY ALERT
BUY ALERT BUY ALERT BUY ALERT BUY ALERT
I wish that's all I paid in taxes. Add 13+ percent for California state taxes and Uncle Sam is taking more than half my money.
Can't beat the weather and the life in Cali though, at least for me.
GO LAHO/GSCG