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A few updates on other Lazar ticker cases today. Two voluntary dismissed and one had a status check. Hopefully we get an update on HTHL soon and it’s positive.
Looks like it’s chugging along. Last update was Affidavit of Publication this month. There is a status check with the court scheduled for August 10th.
Pink Current at last! :)
BIMT is now Pink Current
Lazar submitted SOS and SEC filings for BIMT today.
New amended filing today:
https://www.otcmarkets.com/otcapi/company/financial-report/339502/content
Thank you :)
They weren’t me if that’s what you’re asking. :) I don’t own any ETNI yet, just keeping an eye on the Lazar plays that interest me.
Could you share which platform you are using for L2 data? How can you see the bids on this stock? I don’t see L2 for any expert market tickers.
Motion to extend time was granted.
https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=AFwF_brprdBEbkvoeTLEMg2&tabIndex=3
Thanks, T!
I think they need to submit a new attorney letter first
All I know is Lazar did a reverse spilt and changed the shell name to Saean Group. No filings yet though, so still can’t be certain it’s the same company.
I think this company might be merging into Lazar ticker GPSI (currently GPSID).
Looks like you were right. :) Amended quarterly filed today.
https://www.otcmarkets.com/otcapi/company/financial-report/336914/content
The name change was through the NV SOS, not through FINRA, so you can find the new name by searching on Silverflume, but it will still appear as General Payment Systems on OTC Markets (for now at least).
Attorney letter just filed (in addition to the three filings from yesterday):
https://www.otcmarkets.com/financialReportViewer?symbol=LBRG&id=335048
A few months is optimistic, could take a year or more for a merger to complete. There are many steps even after Lazar sells the shell. Lazar does not usually dilute his stocks while he’s custodian, but it’s not uncommon for the incoming company to dilute and/or reverse split after gaining control. I would say these types of plays are high risk/high reward depending on how early you get in. I’ve personally held and sold a position in two of Lazar’s shells and made a nice profit both times, but am still cautious and like to get out earlier in the merger process than most.
Good to hear, thanks Gnarlyman
Have you received a reply?
Thanks, Gnarlyman!
Looks like there have been a few SOS filings this month. Hopefully we get a SEC filing soon.
Haven’t seen any updates since February.
I got an email notification from Silverflume on March 22 that a “certificate” was filed for LBRG with the SOS, but I don’t see any recent filings. Did anybody else get this?
There are a few tickers Lazar has on the expert market that you could keep an eye on for when they go current: GPSI, ETNI, HTHL. There are others but these have the most decent share structures imo. ZENO is already current and has a good share structure.
David Lazar has petitioned for custodianship this week
You can buy expert market stocks on Canadian brokers, but I’m not sure where else.
There’s a post with the tweet pinned at the top of this board.
Search for JPO Solutions here: https://esos.nv.gov/EntitySearch/OnlineEntitySearch
Certificate of Reinstatement was filed on February 15th by David Lazar (custodian).
Yes, I think you’re right. I’ve mostly seen them on L2 of OTCQB stocks so hopefully their appearance is a harbinger of the uplist. :) Maybe good things are happening behind the scenes.
I’ve seen a few squeak through, but you are right that the process is more thorny than ever.
Thanks, I will look into this more. If it just involves some new filings and minimal fees, I feel Lazar is more likely to respond and follow through since he’s already invested so much in getting custodianship and bringing the shell current.
I’m not sure what your problem is, we are on the same side here. ZENO is a great shell with a fantastic share structure and I want it to have the most lucrative merger possible. I have accumulated a decent position in this stock and am asking questions that any reasonable trader should ask and should be discussed on this board. This is not my first Lazar play, I generally like his lower float shells and made a lot of money bc of him, especially with HRAA. That’s why I’m here at all.
My asking other traders if they’ve ever owned a shell that has had to go through this SEC process after going current is not spreading fear, it’s being prudent. I want to be informed to protect myself and there’s nothing wrong with that. I hope you are right that Lazar will just move forward relatively unimpeded. You clearly don’t know how these SEC court proceedings actually work any more than I do, but you are making no attempt to actually find out and attacking me for doing so. I just want to be prepared for whatever lies ahead whether it be positive or negative.
I have never changed my “profile.” I’m not sure what you even mean by that.
True, but some custodians have still been actively picking up expert tickers even after September. It seems like the rule will not remove shells from the market, but will just make it more difficult for retail to make a decent profit of off them. I guess we will see.
The SEC clearly doesn’t care that the missing reports are from previous management as the order is from after Lazar made his filing to go current. It’s his responsibility now to deal with any detritus left by the old company. I was not asking about the custodianship anyway, I was asking about the SEC proceedings as there is nothing in the order that states they will be cancelled if he files the missing reports. It just states that there are missing reports and that he should respond regarding the court proceedings. It looks like they will be going forward no matter what. I’m just wondering if there might be a fine or some other legal ramification that might cause Lazar to drop the shell, that’s all.
Yeah, I already reached my goal position with this ticker a long time ago, but I can’t help but keep buying more here and there at these prices. Wonder where we will be after next update.