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Not true... Per the latest 8k:
“The company has allocated $8.2M for delivery to an escrow account being set up by LANs holdings.”
This means it has yet to be placed in the escrow account...
Got me
Technically, I think it’s earmarked* for escrow
Your warrant maturity idea is also speculation
Per lans most recent announcement- they are finalizing buyback procedure and expect to post final instructions soon at which point they will immediately begin the buyback.
Why do you think waiting on warrants for 2 years is an option?
Yes I want them to say that. I am only holding them accountable for what they say. It is a self imposed timeline (not mine). I think that’s sensible too...
The fact that laho management has not said anything after the merger news is a bit unnerving... there should be an update at least
Exactly... no reason mssv should still be trading at 0.14, other than the fact that Laho is still lingering.
I hope management is seeing that share price will not move unless they remove the LAHO overhang.
I believe the 10 mil is from debt tho
However I do appreciate your posts here and positivity...
It’s always an excuse... the auditors have fins just waiting... the lawyers moved... the TA needs more info... we were blind sided by the suspension too...
I have a little over 20 mil shares and some hope but you they’ve never been direct with the SHs...
Or they could choose to keep the repurchase price at $0.002.
The PR still says $8.2 mil is earmarked for laho... it’s something. It’s actually more than what was there before (a delisted stock). As long as the company keeps mentioning the laho shareholders then we still have some glimmer of hope. I think we have that to hold on to for now until we don’t...
Probably going to ask for more time for laho payment distribution and to finalize merger...
Thanks for sharing...
Things have always been “tied up with legal” or an “auditor”
Anyone know number of holders before stock was suspended?
Yo what’s hoot?
Not before a long weekend...
Huge!
We will not be getting preferred shares.
LAHO shareholders will get a cash payment.
1. Pursuant to the terms of the Fifth Amendment, and as full and total consideration for the Assignment and in addition to the assumption of the New LOI and the assumption of the Assigned Debt (both terms as defined in the Assignment), the option granted to LAHO pertaining to the issuance of the Company’s Series C Preferred Stock was terminated and replaced with a cash payment as consideration, upon the following terms:
a. The Company pay LAHO, by delivery in escrow, an amount equal to USD $8,200,000 (“Cash Payment”), which Cash Payment shall be used by LAHO for the repurchase of all of its shares of common stock from its common stockholders.
The 8k explicitly states a Cash payment equal to $8.2 Mil by LAHO for the repurchase of all of its shares.
No preferred shares or conversion to deal with
IMO
I believe you simply need to multiply your previous LAHO ownership by the 8.2 Mil.
10,000,000 shares of LAHO / 4,000,000,000 total shares outstanding = 0.0025 (0.25%) ownership in LAHO
0.25% x 8,200,000 = $20,500
That’s how I would calculate until proven otherwise
This is my opinion
Nice. I just followed and posted about my 23 mil shares that are out there somewhere
Wow nice...
Good stuff... I would think they would want to do a PR for getting current...Almost there!
20 Mil here
Unrestricted shares increased.
Definitely Shouldn’t overshadow potential growth in the stock though
Glad I doubled up at 0.078
Will ride til 10x
Been doing some dd here. Bought in after yesterday’s pr. Seems like my 25k shares is below avg. May need to up my position. Seeing great potential.
...
Thanks for the info
1. The Parties agree to enter into a definitive agreement for the consummation and closing of the Transaction prior to January 16, 2021.
This is from 10k. Page 2.
Why would we need to wait until March?
Quarterly filings should be filed by then. Not sure why they would put this time frame if they didn’t think it was achievable.
Agreed. Not the closing but is when they should enter the definitive agreement with GSCG. Thanks for info.
Yes, according to the recent 10k. However, it cannot be completed unless they are fully caught up with all other filings that they are late on as well...
Any news?
Yes, he is also looking for a way to monetize his position without losing control of the business.
He’s been in this deal with Lans for as long as we have...
How was this calculated?
This is true