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Posted this before but some are still confused.
"As part of the overall transaction between Lans Holdings Inc. (Lans) and Meso Numismatics Inc. (MSSV)
1. MSSV assumed Lans Debt
2. MSSV assumed the LOI with Global Stem Cells Group
3. Lans received 1,000 series CC redeemable preferred shares of MSSV whereby the 1,000 shares together are convertible into a number of common shares of MSSV equal to the total number of shares outstanding of MSSV at time of conversion multiplied by 0.8, see equation below:
CC: 1,000 MSSV series CC preferred shares SO: Total common shares outstanding of MSSV at time of CC conversion CS: Number of common shares of MSSV issued from CC conversion CS = SO x 0.8
So where does it say only LAHO Management ONLY, gets the preferred shares?"
Pretty cut and dried. We get our shares after LAHO converts the preferred into commons.
That is how it read.
Technically, especially to those that did not have any horse in the race.
Technically this does not have a trading symbol or CUSIP... The Registration has been REVOKED! Meaning, the shares that we hold are worthless.
The company will have to request to register any new shares with a new CUSIP.
The only hope is that the shares that MSSV issued will convert. At that time, we should be issued X-amount of preferred to offset our commons. Once the merger is completed, we take on MSSVs identity, CUSIP ID, and possible name change. The shell game begins.
So who did you name? Laho or Mssv?
Since LAHO is a private company, the SEC has nothing to do with it. You do realize that do you not?
If that is what you believe... then you hold nothing as well. Bye
As part of the overall transaction between Lans Holdings Inc. (Lans) and Meso Numismatics Inc. (MSSV)
1. MSSV assumed Lans Debt
2. MSSV assumed the LOI with Global Stem Cells Group
3. Lans received 1,000 series CC redeemable preferred shares of MSSV whereby the 1,000 shares together are convertible into a number of common shares of MSSV equal to the total number of shares outstanding of MSSV at time of conversion multiplied by 0.8, see equation below:
CC: 1,000 MSSV series CC preferred shares SO: Total common shares outstanding of MSSV at time of CC conversion CS: Number of common shares of MSSV issued from CC conversion CS = SO x 0.8
So where does it say only LAHO Management ONLY, gets the preferred shares?
Gimme a number to follow...
So how much is KKR buying BIOAQ for?
You must know that much since you brought up tons of DD out there...lol
And how do you know this?
Was it spelled out?
Did you see the LOI?
OR is that your opinion
was it .80 or 20% discount? so if you had 100,000 shares it would now be 80,000? correct me if Im wrong.
So... Let me get this straight... LAHO is now a private company
and GSCG is also a private company...correct so far?
Along comes MSSV and signs a deal to acquire two private companies...
Is that correct?
MSSV does not have to do anything else but 8K the deal, merger and take the two public, dependent upon who is the surviving company.
Does MSSV take the reins and in a board meeting hand over the control to LAHO or GSCG? Only name change need to be done?
Nice short cut...
LAHO does not have to finish up the filings since they are now private... and if they merger with MSSV would merge as a private company joining a public company. Same with GSCG. All that would be needed would be the current financials. MSSV agreed to take up LAHO's debt... thus nothing to report but clean slate.
Pretty cut and dried to me... anyone has a better idea?
well it should be since everyone has been focused on LCY... lol thx
All those links are nice and good however nothing could be further from the truth.
The focus should be directed at KKR and not LCY.
KKR owns LCY and has no desire to acquire BIOAQ's debt... to include their stock.
The reason why the CUSIP was suspended is because the BK15 might not yet be finalized but close enough for FINRA to wait and see the final paperwork. BIOAQ is no longer active. As you noted in the links, there is no BioAmber only LCY name on the boards.
In most BKs, the CUSIP is revoked as the new one takes its place... however, in this case, there is no "new" CUSIP since LCY nor KKR is buying BioAmber, only it's assets. Stocks are not assets. Keep that in mind.
KKR owns LCY for $1.56 Bil... LCY is not going to go against it's parent. So if KKR doesn't move to acquire BIOAQ, guess what? It falls into never-never land.
It is pretty simple... Too much focus is being placed on the child but not the parent. Look at all your links... especially wikipedia
You did a lot of DD but did not DD the parent company...that is where the focus should be.
I am what? LMAO You must be joking...
To be out is a good thing. All the SEC has to do is pull the registration due to Liquidation due to Chap 15 processing, and all shares are void.
If there is no one at HQ BioAmber inc, to file anything toward compliance, the SEC could determine that no action has been taken and declare the company inop, revoke its registration and be done.
Now, if the company is still active, they could file belated filings to be current but highly unlikely.
Just face the reality of a loss and be thankful you might be able to write it off next year.
Lans Holdings enters into Strategic transaction with Meso Numismatics Inc. (MSSV)
Boca Raton, FL - November 29, 2019 - InvestorsHub NewsWire -
Lans Holdings Inc. has determined that continuing on its pre discussed path as per its September 20th, 2019 press release is no longer feasible and therefore has pursued the most viable alternate solution to enter into a transaction with Meso Numismatics (MSSV:OTC). As part of the transaction, Lans will transfer over its LOI with Global Stem Cells Group to MSSV and in exchange, MSSV will take on Lans debt and will give Lans redeemable preferred shares that convert into a number of common shares of MSSV equal to outstanding shares times 0.8. Please read this in conjunction with the 8K's filed with the SEC by MSSV on November 27th, 2019.
David Christensen has resigned his positions with Lans and has taken on the roles of President and Director of MSSV. Trevor Allen shall be assuming the role of CEO of Lans.
Further information will be provided to shareholders.
Daily List Comment: Company Liquidated due to Chapter 15 bankruptcy proceedings.
https://otce.finra.org/otce/dailyList
Happy Thanksgiving... and Season's Greetings!
No, but it did say the board resigned.
Hope you have a great Thanksgiving.
Would have been so much easier to do a R/M. Keep the NOLS, patents, and anything else...but No no can do. So LCY didn't touch BIOAQ US, and stripped them clean of assets. What's left?
It can't be on Grey market since there is no CUSIP. No one in the head office to file any paperwork.
What was the narrative from FINRA, CUSIP suspended due to company dissolved due to Chap 15 processing? Was that what it said? I guess there is no company....
They should have a reason why it is not trading. Did you see any news about the suspension? What about from the company? No? They have over 30 codes and not one applies? Lol
Then really they have nothing of value... Obviously LCY doesn't need the NOLs...
as stated, shares are not assets but debt,
I understand... but the point I was trying to make is that this board has so many that are crying Hallelujah Good Things Coming... That no one talks on the what if...
There are risks and chances taken... not everything turns green and happy ending.
A lot of pumping for not knowing what is going to happen... is not preparing you for the let down
Did anyone ask their broker what the Halt Code was for BIOAQ?
There is usually a reason... and should have a code at least.
Let me ask this... If no one bought or merged with BIOAQ but only got their assets what is there to split among shareholders?
Since stocks are not considered assets but debt, they stayed with BIOAQ US.
If the company owns the registration but is no longer in business and is dissolve, does that mean everything that is associated with the company is also dissolved? How does the registration stay alive when it has no company to tie itself to?
Then what assets do you think they have left?
That proves nothing... it is highly possible they withdrew their request to get listed. If they were not approved or have decided not to list, there of course would be no valid symbol.
That be the case, it makes it even worse for BIOAQ holders.
Just remember BIOAQ sold all their assets and factory plant.
They have nothing. I'm not sure who holds the patents also. Most assets were liquidated.
The only thing Bio Amber is the office in the US. If there is anyone there. BOD resigned. They had to let go the workers at the plant. The point is, if the company is dissolved be default of Chap 15 proceedings, then it is dissolved. There is no Bio Amber. That being the case, who would then make their filings which are due? If the CUSIP is revoked, it will have to be reapplied for but then, who would do that? Stocks are numbered and identified by CIK and CUSIP. If they cannot meet the filings, the SEC might just revoke the registration since there is no company left, and would be in default anyway.
Ask your broker that.
exactly... I knew someone would get it lmao
Yup. That's what I say. Oh well huh?
Not if the registration is revoke soon.
Shares would be worthless.
You know the deal when you this...it was a huge risk and you could lose it all.
Now should it by magic, get merged into whoever's, you would see a change. Now, the point is, usually if this were to happen, you would have some news. But it's pretty silent, don't you think?
If that is so, you should have already gotten paid through your broker...
The company no longer exists because of Chap 15 proceedings. If there is no company, there are no shares... What is it worth if the company is BK?
Correction.
Company Liquidated due to Chap 15 processing.
Meaning the Company no longer exists.
So based on th reason for the halt.
Company deleted because of Chap 15.
So in essence, this may never trade again.
ARC Medival Devices
Airtrona International (ARTR) is pleased to announce it has signed a Letter of Intent and merger agreement with Canadian based Arc Medical Devices
Anyone got the NEWS?
STONEY CREEK, Ontario--(BUSINESS WIRE)--November 25, 2019-- Airtrona International (ARTR) is pleased to announce it has signed a Letter of Intent and merger agreement with Canadian based Arc Medical Devices. The agreement is based in part on the cancellation and or a suitable resolution towards the dissolution of prior restrictive shares held by old Management. The company will then acquire a special series of preferred shares that will represent controlling interest moving forward. Upon successful completion of the term agreement Arc Medical Devices will utilize it's controlling interest to move forward with the necessary compliance requirements, reinstatement, and updates to the company. This shareholder update may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. View source version on businesswire.com: https://www.businesswire.com/news/home/20191125005120/en/
If entertainment is what you seek... then no worries.
This has plenty of it. Good thing I sold at .05 so it does me no harm whatever happens. Frankly I don't give a rat's ass about this and learning a lot about Canadian courts and though they also use English their terms can have a different meaning.