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Yep, this was headed to pennies and everyone could have made a lot of money, especially Dave and Benito. They blew it.
I'd like to know how far the CPA got with the audits. Were they ever close to completion before suspension? And where did all the money go from the dilution which was supposed to pay to straighten everything out?
There's also this little thing called "fiduciary duty":
Officers are expected to act in good faith and to use the same care that a reasonably prudent person would use in similar circumstances in making decisions and taking action on behalf of the corporation. They also must avoid conflicts of interests and self-dealing.
Shareholders can sue for breach of fiduciary duty when a corporate officer intentionally makes decisions that benefit the officer but harm the business and lower the value of stock shares.
Sounds like they're making the case for a very substantial haircut for shareholders no matter what, assuming they can even come up with a resolution.
Not fake, just unprofessional which we know these guys are
If they didn't do anything wrong, they have nothing to worry about. But we're going to use every resource available to find that out if they pulled a scam on us.
Yes, but has an OTC company faced this much of a backlash from shareholders, considering they most likely have some legal consequences to their actions (otherwise they'd ignore us)? We are a strong group of shareholders with resolve and funding to fight for justice, whether we still end up with zero or not.
Yes they could’ve just walked away and faced even more scrutiny and legal challenges to their actions. Let’s hope whatever they decide is fair and reasonable.
True, they don’t have to do anything other than defend themselves in legal proceedings if we are indeed screwed.
Hence the word "longshot"
I understand, but if I accept around $500 instead of $46,000, and MSSV dilutes further, even with the merger I don't see that $500 going higher. I'd rather sit on my shares and see if LAHO goes public again which I know is a longshot. It's just a sh*tty situation for all of us no matter what.
Are you aware that by converting we’d be losing 99% of the value of our LAHO shares with more dilution coming?
I’ll settle for 50% of my shares and no less. And no way in hell I’m voting to lose 99% of the value of my shares which is what the current offer on the table results in.
You mean 99% haircut. If the vote is to convert the 1,000 preferred shares to MSSV shares and distribute those to LAHO shareholders, LAHO shareholders will receive about 1% of what we owned originally.
When you lie with dogs, you get fleas. MSSV is just as complicit, they knew who they were getting into bed with so I have no sympathy. That's who deserves most of the blame and unfortunately MSSV shareholders are collateral damage to them like LAHO shareholders were.
And when you gamble in the OTC, we all deserve some of the blame for our predicament.
I’m not getting anything I’m just estimating it will be around 1% based on what I’m reading. I won’t settle for 1% I’ll take my chances that one day the company will relist.
I’ll be sending you an email shortly just got off a plane thanks for coordinating
Based upon converting 1000 preferred shares relative to LAHO’s billions of outstanding shares.
Agreed, but if the deal is we convert and only have about 1% of our original value then we shouldn’t take that deal. Let’s see what the final numbers come out to, however, no way will I accept my $46,000 converted to $460, I’d rather pursue litigation. These guys aren’t walking away with the gold and leaving us coal in our Christmas stockings so I hope they do the right thing.
We're never going to get 80% of our shares. This deal sucks either way, but if we vote to receive MSSV shares we'll be losing about 99% of our LAHO shares. They have us by the balls right now because LAHO only received 1000 preferred CC shares.
I want to hear Allen's plan for LAHO before I decide anything.
Yes I saw that but is that confirmed to be someone from LAHO or just someone jacking with us? Why isn’t it on their website with the other Shareholder announcement?
Yeah I had to unblock you, you were right and we didn’t want to believe it. Money blinds people to the truth as we all know well.
We want what’s fair for everyone, but let’s be clear here that we the LAHO shareholders are the victims. You guys had nothing and have lost nothing, at this point we’ve lost everything thanks to the scamming tactics. Hopefully they’ll do the right thing or it’s all going to come crashing down for everyone.
Who said a PR is coming, the company or an unknown poster here?
What you said was in the text/email is not what you posted that’s my point. We all hope you’re right but what you posted isn’t proof.
I don't see your message clearly indicating this info with confirmation it's from LAHO/MSSV.
So it's BS. The company wouldn't send an email to a single individual knowing the pressure they're under, they'd issue a PR or statement on their website.
Let's see the email
It’s not in their website where the other official announcement is so I’m skeptical this is legit.
The pressure will never end until justice is served. The SEC, local law enforcement et al are all aware of what has transpired and shareholders are not going away if it takes years.
Yes, it’s a corporate transaction, but they can sell shares to fund operations which includes salaries and expenses. Translation: lining their pockets at the expense of us bag holders.
Is that a legit statement from Allen? I don't see it on the Shareholder Correspondence section of their website. Where's the link validating it as real?
An old bio I found online:
Mr. Trevor Allen is Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Director of the Company. For the past five years Mr. Allen was the owner of Gordons, a bakery deli in North London. He also is a partner in Star Lounge night Club in Harrow, NW London and has owned PayFlex intellectual property since February of 2014. Mr. Allen does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to Section 12 of the Exchange Act or subject to the requirements of Section 15 of the Exchange Act or any company registered as an investment company under the Investment Company Act of 1940. The Board believes that Mr. Allen has the experience, qualifications, attributes and skills necessary to serve on the Board because of his experience in payment processing and knowledge of the industry.
Convert the MSSV shares to cash, go public again, and when MSSV tanks reverse merge MSSV/GSCG back into LAHO! :)
I was poised to sell on the 6th, the stock was about to hit my target of .005 and I had made a nice profit and didn't want to hold over the weekend. I can accept the loss, but I can't accept these guys getting away with the golden goose and leaving us with nothing.
Yeah I now believe they all cashed out ahead of time and left us bagholders
But you still haven't answered the question, since you keep defending these guys that just because they haven't been put in prison they've done nothing wrong. Name a single significant accomplishment that LAHO or MSSV has achieved, especially LAHO, Christensen, and Allen.
What have these guys accomplished over the years other than lining their pockets selling shares? Please, state just 1 single significant accomplishment. They couldn't even pay off their debts with the massive dilution or get the audits completed. They had the world by the balls on September 5th and let it all crumble in an instant.
Exactly and if MSSV shareholders think LAHO shareholders are the only ones getting screwed well just watch what happens. No way MSSV walks away with the golden goose and Trevor Allen gets paid and we don’t. I swear I’ll do everything in my power to see justice served.
MSSV will receive more complaints from the SEC than LAHO did. This deal stinks and if the SEC is serious about "protecting shareholders" like they say they'll protect MSSV shareholders from these scammers.