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Lans confirmed that Lans will get news. Not that they would announce it as well.
Hence, no news this morning.
The article looks to be correct. The S-4 does state that the special meeting will be reconvened in a virtual format. Does not specify the date it will be reconvened to though.
Buying ahead of special meeting
Has there been any recent communication with IR?
They are mssv... management shifted over...
I am thinking they may post pone close.
They have yet announce vote or even provide an update since December.
I think they will blame market volatility as reason for set back.
It’s increasingly difficult to have patience with no communication. Then again, there is no choice, and they know they.
Still, will remain patient til April.
Wow, that’s actually a somewhat positive tone.
I emailed earlier in the week and got no response
Nah.
Patience.
Nothing is set in stone yet.
We have 8k and lans website communications to hold on to for now.
It’s more concerning that gscg has still not publicly acknowledged transaction with mssv.
Novas’ distance from it all is unnerving. But like you said he could back out with little to no issue, yet has not.
You wouldn’t see taking on management as a sign of integration?
Why is that?
You received a call from CEO.... you did not.
Waiting on results of vote.... there has not been a vote yet.
Confusing post.
IR person does not sound as encouraged as in previous emails.
I do not know the process fully myself and may be ignorant to internal hurdles to overcome to get this done. However, I feel like shareholders have been patient so steps need to be taken from them to maintain confidence.
Vote needs to happen
Shares need to be returned
They should still post an update on their site. They gave the expectation that updates will be given in the new year.
Requiring patience but not communicating or being transparent is disappointing.
Anyway, will remain patient (as there is not much of a choice).
Lans is working with Broadridge to get vote set up asap.
Paraphrasing an email I received.
Agreed. Wait. Opt for your preferred shares. Hold. Reevaluate.
I’ve lost money but not hope.
Speculation and threats is a waste of time.
Hoping for an unforeseen great outcome to this.
Probably not.
But... if you took the risk to invest and participated in that upside to 25k then it shouldn’t be 10k.
Maybe an average price up until time of halt.
It is interesting that GSCG never posted an article on their site confirming merger with mssv. Like it did when Lans announced the merger.
Some clarity and more waiting...
They probably should’ve included an example of how this new option actually works for LAHO (ie the net effect on a holder of 10,000,000 shares of LAHO).
“Management will be posting more information with respect to the shareholder vote in the new year.”
Vague..
However, there is hope, there is a plan, and there is a (vague) time frame.
Hoping for the best.
And bite the hand that may potentially feed you?
I’ll be patient until things completely fall thru. I encourage others to do the same. Yes... more waiting.
If their “resolution” truly does nothing for laho shareholders in the end, then I’ll join your cause ;)
Has management discussed updating financials and getting current?
O/S is still questionable because even the 8K refers to a figure that dates back almost 2 years.
If true, this is significant.
SEC does not negotiate once they act. LAHO was stopped in it’s tracks.
This is as good as any p.r. from company.
As of now, MSSV.
LinkedIn post from Benito:
Misconceptions Regarding Merger with Public Company
First of all we confirm there is in fact a proposed agreement being negotiated ,still in the works but not finalized.
GSCG is still a privately held company without public shareholders. For investors with questions or concerns regarding the pending deal, those inquiries should be forwarded to the corresponding public entities and not the GSCG.
Global Stem Cells Group plans to fight any further public statements by shareholders smearing our company with appropriate legal action
The issues have arised from internal setbacks within the public company, not related to The GSCG. Deal is still moving forward
All inquiries and concerns regarding the pending deal should be directed to the Public entity IR department. Any public negative commentary regarding the GSCG in an attempt to tarnish our global reputation will be met with legal action.
LinkedIn post from Benito:
Misconceptions Regarding Merger with Public Company
First of all we confirm there is in fact a proposed agreement being negotiated ,still in the works but not finalized.
GSCG is still a privately held company without public shareholders. For investors with questions or concerns regarding the pending deal, those inquiries should be forwarded to the corresponding public entities and not the GSCG.
Global Stem Cells Group plans to fight any further public statements by shareholders smearing our company with appropriate legal action
The issues have arised from internal setbacks within the public company, not related to The GSCG. Deal is still moving forward
All inquiries and concerns regarding the pending deal should be directed to the Public entity IR department. Any public negative commentary regarding the GSCG in an attempt to tarnish our global reputation will be met with legal action.
Looking for recent 10q not 8k
Do not see recent filings for elite group. Does this not have any impact on closing of deal? Last 10q was 2/20/18. Do they not need to be current to close acquisition?
Thanks in advance
Can someone please clarify.
I see 100 Bil authorized shares. Is there a plan for this to be reduced?
I see they mentioned they are working on getting current going back to Nov. 5 p.r. Has management mentioned auditor of record or any progress? (Other than sentence in Nov. 26 p.r.)
Thanks in advance
The email is real. Debating that is a waste of your time.
I am a longtime share. And cautious and confused like them.
I don’t have to post opinions or emails, just trying to help others as they have helped me. That’s “krazy” ;)
I changed my name to Xxxx... when I copied email over...
Hi Xxxxxxx, thank you for contacting us.
As you can imagine, management has been working on numerous fronts as you
can imagine. Management is attempting to restore value to shareholders, if
this were not the case, no one would be answering emails, no one would be
posting information on the site for shareholders, no one would be working on
a prospective shareholder vote, no one would be working to potentially
improve this deal, no one would be looking into regulations and required
filings for registration of shares, no one would be around at all. This
situation has created an inordinate amount of work for management as it
attempts to find a proper resolution.
The company is very disappointed because it had filed an 8K with a change of
auditor, a clear signal to the SEC that Lans had started to work on its
financials and management pleaded with the SEC after September 6th but
unfortunately this is how the SEC is set up. Once a company is suspended it
cannot become unsuspended. As well management learned the hard way that the
SEC in these cases will not attempt to send an email or place a call to a
company, nor its SEC lawyers, citing its intentions. Management is working
on something and will release information shortly.
We are glad to hear from someone who works as an investment manager by
profession. By virtue of the same, you will for sure appreciate some of the
key factors that need to be considered. For example, even though the price
of LAHO soared to $0.0046 the day before it got delisted, the low for the
day, three days before it got delisted was $0.0021 Also, the 20-day average
price for the stock was $0.0021 and 30 day average was $0.00157. Even if we
look at the average price one month back ie: July 5th to August 5th the
average price was $0.00078. You know then as well as any exert, stock prices
on the OTC are extremely volatile and highly unpredictable.
As mentioned above, please check back on the site for a release in the next
couple of days and we thank you again for reaching out. Please stay
connected to latest news at http://lans.holdings/index.html
Investor Relations
LAHO
I received a response from Lans IR this morning as well. I do not believe to be fake. Will post right after this comment.
That said, their response shows that they do not consider a 1:1 exchange as a viable option. However, even these will still provide options that brings investors back to their original cost basis.
Not sure of the relevancy of some of these time frames when it comes to forming their resolution other than providing lower numbers to form a basis on.
I replied to their response and will post should they reply.
IMO
Just sent email to lans investor relations asking this among other questions. Will post answer (if one is received).
Agreed. Communication though confusing is key. 1 for 1 will not happen. How is that at all feasible? Re-restructuring terms is doable. They will avoid accepting fault or looking as though they took a step back. However, asking for a fair conversion and voting to hold CC is reasonable.
IMO
http://lans.holdings/Clarification_LANS_MSSV.pdf
It’s not www.lans.holdings
Just lans.holdings
Company website
Lans.holdings
Shareholder notice: important notice from management
“Shareholders will be asked to vote on whether they desire to exchange their Lans Holdings shares for MSSV preferred shares series CC currently held by Lans or whether they prefer the status quo.”
This makes it sound like we receive the CC. Not common.
You can exchange shares LAHO shares for MSSV series CC. This does not mean you need to convert to MSSV common.
IMO