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Yeah, and he's going to give them to us! Not.
Let's assume based upon the 8k and PR we're screwed (forget the speculation about preferred conversions for now). We still own our shares but in a private company, so then our only hope is for Trevor to take LAHO public again. Assuming the audits were completed from the funds raised by the dilution, maybe he has a plan to file the Form 10 and get back trading. Of course, without GSCG what is LAHO worth? Then again, why take over a private company that has no real assets (Paysperity is not worth anything) and a bad reputation? Unless he has another potential, high-profile merger in the works. Who knows, I'm sure we'll find out more this week.
I'm not lying, I'm stating facts from the 8k and the press release. You're misstating these facts and blatantly telling shareholders the preferred shares will be converted for LAHO common holders. That's simply not true, I wish it was but it isn't.
Please, stop lying to shareholders and giving them false hope, this is simply not true. I know you and none of us want to accept reality, but the facts in the 8k are reality. Common shareholders are not included in this deal.
The only problem with that theory is LAHO is a private company. It would be easier for someone to buy a clean public shell. There's no silver lining evident at this point.
I'd be happy to join a class action suit if an attorney would be willing to take it on.
Big fish get killed all the time. And they can take care of family/friends by giving them preferred shares. Problem solved, and it doesn't help us one way or another.
Rarely do they do the right thing. The fact is MSSV needs to raise money with GSCG in the fold, and they'll use those billions of shares to do it. I wish that weren't true, I own 10m shares and I'm out a small fortune, but 25+ years of seeing this kind of crap go on trading these sh*t penny stocks I just don't see where these guys give a sh*t about anyone but themselves. Greed is one of the 7 deadly sins for a reason.
Nothing to rethink, the 8K speaks for itself. And don't you think those billions of shares are going to be used to raise additional funds, not be freely given to LAHO common shareholders for nothing? This is how the OTC works, it's full of scumbag CEO's who get rich off of bagholders.
I kept saying this yesterday and no one wanted to accept it. The preferred shareholders (the insiders) win, common shareholders lose. Christensen et al should be investigated for criminal activity.
It’s the OTC, many of these guys like Christensen should be behind bars but it rarely happens. And to think the stock was suspended by the SEC to “protect” shareholders. What a fn joke.
You're leaving out the part that they're giving LANS preferred shares in exchange for LANS preferred shares only, not LANS common. I don't know how to make this any clearer, so I'll just disengage at this point. I wish this wasn't true but the 8K is clear.
Unfortunately for once I have to agree with you
It's speculation based on the facts laid out in the 8K. Do you think I want to believe it? I stand to lose about 50k. But there's no mention of the LAHO common in the filings and usually in these scenarios it's the common shareholders who get screwed.
Right but those who own common already won’t receive any. He screwed us.
No, we don’t own preferred shares they screwed us
Well looks like we’re done. Time to move on.
This month
Still no filing of the Annual Report due the 30th
I would expect to see the Nevada Secretary of State website updated by Monday since the Annual Report is due on the 30th (which they can file online). If they don't file it, it may be game over unless the delay is a result of the audits.
And it was gapping up pre-market the morning of suspension
Agreed, too much activity on this board for a dead stock
Ok then transfer your worthless shares to me since you don't want them; thanks.
Who said they aren't done? Why would they announce the audits are done until they're ready to file the Form 10? You can gloat once the 180 days are up and there's no news, but until then the facts are unknown to anyone but the principals.
I believe the audits are done. LAHO is just waiting for Doney to finalize everything for the SEC including the Form 10.
Like I said you have to click on it several times but it does eventually come up
Exactly; I'm out 50K myself but I'm choosing to be optimistic yet realistic. The odds are against us, but sometimes underdogs pull off the big upset.
Forget about what happened with the SEC for a second. As Janet et al have pointed out, Christensen and Benito have great reputations they don't want to risk losing. I don't see where Benito is going to screw him over, hence the 180 day extension and positive postings on his social media. That's not even factoring in how many shares their family, friends and colleagues own. They can pull this off and have a tremendous amount of incentive to do so other than how much money they can make from the merger and growing the stem cell business.
If he gets LAHO trading again and pulls off the merger and it runs to multi-pennies will you still feel the same way?
It'll all be in the filings. There was no need to file a Form 4.
Well, one has to assume that if LAHO trades again the merger is already a done deal within a few days/weeks. Otherwise there's no reason to go through with the audits, Form 10, 211, etc. and all related costs to get back on the pinks.
Sunbiz is legit, it's the official site for Florida and I've used it for years:
https://dos.myflorida.com/sunbiz/search/
Thanks, this is what I've also been saying. If they were no longer engaged they would put a stop to the phone calls and emails with a simple statement that they're no longer engaged!
If they weren't working on the audits and/or hadn't been paid and disassociated they would say so. There is zero obligation for Frucci to put their reputation on the line for a deadbeat private company. Another good sign!
2 reasons why I think LAHO will return:
1. They diluted a lot of shares and used that money to pay the auditors and attorney. It would make no sense for Benito to start from scratch and acquire another shell when so much has been invested in this one (and they most likely don't have the funds anyway).
2. Friends, family and colleagues bought a lot of those shares on the way up. Are they really going to screw them over?
Hence the quick settlement, extension, revocation and PR's.
Well, you were wrong also since you're stuck right now, so hopefully you'll be wrong again.
Great response!
The ball is still rolling, the auditors confirmed this week that they're working on things. iHub is not the only board for LAHO info.
Exactly
I'm not arguing with you since we're on the same side, but between this board and other LAHO boards these people are being inundated with emails and phone calls. I just don't think it's effective since everyone is getting the same answer (or no answer), and no one is going to speak until the company puts out another PR.