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Not so fast Kimosabe...
It could months before they get their act together... You are talking 2 years of filings. Do you know any accountants that can do this in two weeks?
This might be on the delist chopping block if they do not act. If they do act, the SEC will scrutinize the filings... as well as the merger intent.
Let's say that they might have forgotten to file since once mission a report, shrug the shoulders and move on once, becomes twice and so on.
But they are honest and want to make things right. It might be worth hanging on in hopes of compliance. If not, then it will be revoked and never to trade in the markets again. Everyone loses.
You can also find it here...
https://www.sec.gov/litigation/suspensions.shtml
It may or may not... it will depend.
"Help me Obi won... You're my only hope..."
If they do not respond with a suitable answer as to why they were not meeting the requirements, then it might be revoked and that will be that.
Last filed N-10K 03/2018... so that 10K needs to be filed first
Then subsequent 10Qs and the 10K for 2019 and 2019 10Qs... 2 years of filings in short
Funny thing... Yesterday it showed a Stop sign...
Today SNC skull n crossbones... geez
Looks like 3 10Qs and 2 10K filings will be needed... within 2 weeks. Not possible, unless they can sway the judge why they should be able to continue... Can you say Toast?
They will look at the filing but it does not exonorate the deed.
And it still might have to wait since the date was already set for a hearing.
Or at least trade... MM's are going to lowball this once it gets listed again... Hopefully they don't need a 15c211 but just updates.
If they really meant to merge, they will get their act together; and, if they were faking this, it will all come out.
Two weeks... start making some calls lol
They have until the 19th or it's toast. Forget the merger should that happen...
They better get their act together... or never do business in this town ever again.
LAHO Suspended Temp
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)?Momentous Entertainment Group, Inc.(MMEG)
The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
Suspend Temporarily...
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)?Momentous Entertainment Group, Inc.(MMEG)
The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
WTF? No Ask? Has this been halted?
basically that is how it works... so let's say they were issued
10 mil shares... eventually it could convert 25xs or 250 Mil shares...
if pricing were $1 pps... that could be a nice chunk of change.
Probably... saw it also.
That should not affect commons until converted should it be.
Hopefully they will be restricted for 1 year... 6 months at the least.
But we know they do not have $15 Mil at their disposal and must work at it. It will take a while.
Yup... Just being real also.
So now the deal is still on and by Mid October this should fly!
Scratch the run... too much dilution will need to be done and it is taking way too long...
Will take at least a month longer... check back then
CDIX Security Details
Share Structure
Market Cap Market Cap
1,252,493
09/04/2019
Authorized Shares
7,500,000,000
09/04/2019
Outstanding Shares
431,894,029
09/04/2019
Restricted
83,025,578
09/04/2019
Unrestricted
348,868,451
09/04/2019
Held at DTC
344,853,694
09/04/2019
Why do you think the A/S was increased to 7,500,000,000?
Okay... new... $15,000,000.00 / .003 = 5,000,000,000 shares... O/S
Satisfied? So when they update the O/S and it is close to 5 Bil... the selling is done. and the deal can complete...but not until then.
From June 30th 10Q....
16. SUBSEQUENT EVENTS
Stock Issuances:
“In August 2019 the Company entered into a letter of intent to acquire the net assets constituting the business of Acela Biomedical, LLC, for a combination of $15 Million in Preferred Stock and $15 Million in cash. Consummation of the acquisition is conditional upon successful completion of due diligence and transfer of purchase consideration.”
Well... considering it's in Black and White
From June 30th 10Q....
16. SUBSEQUENT EVENTS
Stock Issuances:
“In August 2019 the Company entered into a letter of intent to acquire the net assets constituting the business of Acela Biomedical, LLC, for a combination of $15 Million in Preferred Stock and $15 Million in cash. Consummation of the acquisition is conditional upon successful completion of due diligence and transfer of purchase consideration.”
well you said the last two... 2 50K notes is $100K
divide that by current pps to get the shares needed.
Has nothing to do with Arcela... which is $15 Mil/ 15 Mil shares... and that is another story. since they don't have $15 mil in the bank, they will sell shares right?
So how many shares you think they need to sell?
Liked the hype... but hate the numbers. Just being realisitic...
If you are investing into this, I hope you did your DD and not listen to the hype.
They would need to sell another 35,714,285 shares at .0028 to even get that goal.
And that is not including what they need to sell for the deal... maybe 150xs that amount to reach $15 Mil... or about 5,357,142,750 added to the O/S
Not to mention the 15 mil shares they will offer besides cash.
yup... I can wait. appears by the volume it will take longer
LOL... is there a date with the photo?
Do you think he made the deal before he even saw the products and farms? lmao... come 'on
He toured Arcela back in May before the deal...
Wouldn't you want to know what you were buying first?
Old photo... taken around May... funny they didn't want it posted until now.
You should. The idea is to make a profit not give it back.
Guess some profit taking is going on now... waiting for news
LAHO merger will be monumental.
Get your cheapies now. This is destined to move higher.
Anything under .01 is a blessing in disguise imo...
Do your DD first... LAHO is delinquent in filings... so it is a caution.
22 target getting closer...
Volume says a lot about this...
Either it is getting closer to target or many have lost interest in helping the company dilute.
The question is, what happens if the deal does not happen and we got all the loose shares that have fatten the O/S?
Waiting for 22s... like yesterday.
The CEO held a CC that did not excite nor told of anything we did not know already.
CDIX is a dlitution sieve right now... and will not move higher until the selling is done. $15 mil cash / 15 mil shares... that is a lot.
Not sure if the market can take it with out any guarantee.
DCGD went up to 1.40s but has also slid back down... hovering waiting for news.
Yup... LOL