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Leave the companies, auditors and attorney alone, what part of "THEY ARE IN A QUIET PERIOD AND WON'T TELL YOU ANYTHING OF SUBSTANCE" do people not understand?
The PR regarding the 180 day extension is ambiguous, it doesn't say 180 days from the date of the expected closing of the merger (which was not a firm date). I'm going with 180 days from the date of the PR, but it could be 180 days from the date of the suspension, the date of revocation, the date of expected closing, etc.
Even better if true but I don’t think we’ll need that long
There’s a reason the extension is for 180 days. We still have over 140 days left. Once the form is filed the SEC will most likely comment and ask for further information and/or clarification. The more complete and accurate the Form 10 is when it’s filed is in everyone’s best interest so if they take 179 days I don’t care.
Exactly. And we still don't know, but strongly suspect, that a LOT of Benito's friends hold shares. That's a huge incentive to pull this off with Christensen. When you take everything into consideration all the pieces of the puzzle fit.
If the merger is called off and LAHO never files a Form 10 and then a 211 we're done
I know you're out a lot, so am I. If we get screwed in the end so be it but let's at least admit we're in uncharted waters. I've been doing this for over 25 years and have had several stocks suspended/revoked/grey trading/etc. and this is unique to me, and that's what gives me hope that it'll work out for us. But yeah, I'm p*ssed off starting with Christensen all the way down to the apparent manipulation and shorting and whatever else happened "behind closed doors".
It has only been a month. Why do you think GSCG agreed to a 6 month extension? Patience is a virtue.
Wrong. If they Form 10 is approved then the 211 they'll trade on the pinks. Get your facts straight.
180 consecutive days. Of course, they could also agree to another extension if they're close. Hopefully we won't get to that point but if we did and they extended another 30-60 days that would be very positive.
Exactly, why give the 180 day extension if LAHO was dead forever? And why issue the PR's? And why revoke before trading on the greys? Makes no sense unless you have a solid plan to come back.
Easier said than done, I suspect for many shareholders this is their only holding and they don't have any extra funds to trade something else. And for many it's their largest position particularly for those who bought low and held.
We still have plenty of time to speculate and hope, and if that makes certain posters feel better let them have at it.
They're not going to merge before re-registering the shares and they resume trading. That's a fact (not speculation, plans, aim, etc.) assuming they do resume trading. There are many reasons for that decision including the current audits and legal issues.
Read the PR, merger is AFTER they resume trading
Your opinion is fine, but we're stating facts
I'm not a fan of TenKay but he/she is correct. The only thing that matters at this point is the filing of the Form 10, then the SEC will respond accordingly. In the meantime, the SEC has nothing to do with LAHO as they are a now a private company. They're looking at more stocks to suspend!
Their names won't show up because that's a search for INDIVIDUALS, Dave and Benito don't have any action against them personally.
Exactly, which is why I don't care at all about Paysperity
They may use Paysperity's technology or not, it's irrelevant to me. The benefit to GSCG was taking over an existing, established company with a presumably competent CEO as a partner. The words "presumably competent" are still in question, but we'll know at some point. Plus, I still think there's more to the relationship that we don't know about.
Paysperity never took off, hence why LAHO made the deal for GSCG to basically take over and move forward with the stem cell business model. I don't care about Paysperity, I care about the stem cell business.
Or you can have your shares transferred to my account, anyone who has given up and wants to get rid of them I'm happy to take them. PM me thanks! ;)
It’s not money, you can’t withdraw it, it’s only the VALUE of the shares before suspension because the system hasn’t been properly updated. We have no money until they re-register.
So your broker already confirmed it was a mistake but you want to perpetuate a theory that makes no sense? C'mon let's keep it real here, LAHO is either going to re-register or not (hopefully they will) but posting this kind of stuff doesn't help shareholders who have never been in this situation.
It's a mistake, call your broker. It's not possible to put up a bond for something like this. My shares still show in TDA but when I click on the symbol it shows not found; it's just human error or a quirk in their system eventually it'll change.
You're missing the point and the facts. They had another CPA working on the old filings for a long time before the new CPA was hired; much of the work has already been done on clearing up the old issues from 2015/2016 and getting current for 2017/2018, and if you do your homework and read the 8K about the termination of the old CPA and hiring of the new one you would understand this:
The Former Accountant’s audit reports on the financial statements of the Company for the fiscal years ended November 30, 2016 and 2015 contained no adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that the audit reports on the financial statements of the Company for the fiscal years ended November 30, 2016 and 2015 contained an uncertainty about the Company’s ability to continue as a going concern.
During the fiscal years ended November 30, 2016 and 2015, and through the interim period ended July 24, 2019, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to the satisfaction of the Former Accountant would have caused them to make reference thereto in their reports on the financial statements for such periods.
It's not 100's of thousands for a company like LAHO, stop misleading people. They've already paid their accountants for much of the work that is already completed, and they have the funds for the balance that will be owed.
They can't re-register the shares without becoming current. Read the SEC procedures, they'll trade on the pinks when they start trading again.
It won't trade on the greys, it'll trade on the pinks when it trades again since they will be current with their reporting
TDA is still showing the symbol and shares in my account
They said in the PR the merger would be after re-registering. Is it possible it'll happen the same day? Anything is possible but that's not likely. I just don't see a company changing their ticker until all the i's are dotted and t's are crossed.
The float isn't 4 billion the Authorized and issued shares are 4 billion, the float is very low for a 4 billion OS stock, with much of it in very strong hands.
I disagree only for the simple fact that unless the merge never finalizes LAHO will not want the GSCG ticker, and GSCG would not want them to have it especially if they decide to go public themselves or with another company. I'm very optimistic they will re-register and complete the merger, but until it's done it doesn't make sense to start trading as GSCG.
It's not going to open up as GSCG because the merger won't happen until after they re-register, that was in their PR. Assuming it re-opens AND they confirm the merger closing date, it will trade higher than .0046 but it's impossible to predict how much higher. Could be close to or even more than a penny, again everything depends on the merger (and of course re-registering).
I would leave LAHO, GSCG, the auditors and attorney alone. Whatever is going to happen will happen one way or another. They already know where shareholders stand and have responded to multiple requests for more information with the same boilerplate response. No one is going to get anywhere asking the same things over and over again.
We won't get a R/S right away, it would only invite more shorts to drive it down. The time to R/S is sometime after the merger is completed and they've filed timely, audited financials for at least 2-3 quarters (or longer).
I wouldn't hold them to the original timelines since they have more work to do. As long as it doesn't go past 180 days from the "agreement" I'm willing to wait and remain positive.
Other suspended/revoked companies have done it, and there's no indication at this point LAHO won't be able to do it. Until they announce they won't have audited financials and won't file Form 10, I'll continue to remain positive. The fact is none of us know what will happen, everyone is just speculating whether on the positive side or negative side.
If there was a pre-market trade at that price on the 6th it was voided; the last price officially is .0046.
Just before the open on the 6th, the stock was gapping up pre-market at .0047 bid/.0048 ask. If it hadn't been suspended we would have seen .005+ that day. If this opens back up, we'll blow right by that.
Prophet is right, things look promising but LAHO needs to follow through now. No hype because we know this is not going to be easy to pull off, but it's doable and this is such a unique situation that I'm cautiously optimistic.