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Groveman1, sounds like maybe we will have some questions answered on 4/12, before tte 5/2 hearing. $LLBO
Grovenan1, Oh wow let me check! Thank you!
Groveman1, did you see this post from @runners_stock on X…. To me this explains why they haven’t been able to say much… I’m sure we will hear something from Acropolis after 5/2 court hearing when custodianship is terminated.
“Holmes family has ZERO interest in $LLBO. No longer own any shares as control block was purchased by Acropolis. That’s why a custodianship is no longer necessary. As Acropolis has control. And $LLBO is a clean shell with no debt. And it’s on Acropolis to get current”
Im pretty sure something will be released really soon now! Or at least after the after the 5/2 court hearing. All we can do is wait and I do believe we’re in a better position with Acropolis handling it.
Groveman1, I think they will once they are dismissed as custodian and file the 10k
. I believe the circumstances didn’t allow.
Looks like they have until April 14th to file an annual report (they filed a notification of late filing for period ending 12/31/2023 and they didn’t file a quarterly with 5 days so let’s see what comes out on April 14th… also shows the new address on the filing.
Arnie1, this is something else Stock Runners said on X:
“If I’m a company merging into $LLBO I would feel better knowing I’m being sold a clean shell with no debt or court proceedings. Wouldn’t you? I feel that’s a good thing as Acropolis is taking all the right steps to get this current. We could wake up one day and Form 10 filed.”
You too Arnie1 !!!
Arnie1… all we can do ! But I have a real good feeling now!
Arnie1, all I know is that it is in Acropolis’ hands now. Hopefully their 2023 Audit is completed soon and Form 10 is filed. All in their hands…. we could wake up any day and see the 10k is filed. We’re on the right path now so let’s keep praying for the best outcome! 🙏🙏🙏
Acropolis PAID OFF $LLBO Debt to Creditors. There’s no longer any need for custodianship as there’s no fight from the other party. Agreements have been made and it’s a clean shell.
Per Stock Runners on X:
“Holmes family has ZERO interest in $LLBO. No longer own any shares as control block was purchased by Acropolis. That’s why a custodianship is no longer necessary. As Acropolis has control. And $LLBO is a clean shell with no debt. And it’s on Acropolis to get current”
Arnie1… I believe so…. Have a blessed and happy Easter!
Groveman1 - I have a feeling Acropolis owns LLBO now and that’s why they’re terminating the custodianship so that they can proceed with audited financials and 10k etc.
Per Stock Runners on X:
If you read into the documents provided says clearly that Acropolis made a deal with Holmes family and “creditors” who no longer have an interest in $LLBO.
Zero Debt - Clean Shell.
“THE CUSTODIAN DID REACH AN AGREEMENT WITH THE PRIOR PRINCIPAL OWNERS AND CREDITORS OF LIFELINE WHO NO LONGER HAVE AN INTEREST IN THE COMPANY”
Groveman1 - maybe @runners_stock on X can better answer that question… seems she knows a lot about how things work.
Groveman1, yes that’s what I read… and let’s hope so. Who knows wfst deal Acropolis made with the owners but I imagine they need them gone to bring it current… not sure but Les hope so.
Groveman1 - what I understand is that Acropolis made a deal with the family because ultimately they own LLBO, and the family needs to get the audited financials done and file the 10K. Apparently Acropolis attempted to bring LLBO current with the SEC and OTC But could not get it done. Probably because the family needs to get those audited financials done, not sure but it does say that Acropolis went above and beyond their duties as custodian to get that done.
Groveman1, here’s a link to the document Acropolis filed with the court that @runner_stock shared on X.
$LLBO - Court Filings. pic.twitter.com/ZCUfvhPmBp
— StockRunners (@runners_stock) March 29, 2024
Groveman1, go read the document @runners_stock posted on X that Acropolis filed with the court.
More from @runners_stock from x tonight!
If I’m a company merging into $LLBO I would feel better knowing I’m being sold a clean shell with no debt or court proceedings. Wouldn’t you? I feel that’s a good thing as Acropolis is taking all the right steps to get this current. We could wake up one day and Form 10 filed. 🙏
Ooops that was an old post… this is wfst she posted regarding today’s court hearing!
To Sum it Up: Acropolis feels there is no need for custodianship hearings as they already made a deal with the Holmes Family and own $LLBO regardless. Hopefully their 2023 Audit is completed soon and and Form 10 is filed. All in their hands @QTToesLA
Whst @runners_stock posted on X…
Notice of Non-Opposition by @AcropolisLLC attorneys. The hearing is scheduled for the same day as tomorrows court preceding. Which further supports my theory that documents were in fact signed selling preferred shares. Now no longer any need for Lifeline attorneys. $LLBO
This was posted from @Runners_stock back in July 8, 2023 so maybe it is a good thing and it is finally going to happen???
Finally! $LLBO Motion to terminate custodianship will be filed in coming weeks! Awaiting documents to revive the corporation. #Soon #ThankGod
I have no idea if this is good or bad!!! Not now there’s a motion to terminate custodianship scheduled for May2024!
Logged into the Court and searched and this is what came up on our case!
03/26/2024 Audiovisual Transmission Equipment Appearance Request
Comment
[27] Notice of Intent to Appear by Simultaneous Audiovisual Transmission Equipment
03/27/2024 Motion
Comment
[28] Motion to Terminate Custodianship
03/27/2024 Clerk's Notice of Hearing
Comment
[29] Notice of Hearing
03/28/2024 Show Cause Hearing
Judicial Officer
Reynolds, Jacob A.
Hearing Time
9:00 AM
05/02/2024 Motion
Judicial Officer
Reynolds, Jacob A.
Hearing Time
9:00 AM
Comment
Motion to Terminate Custodianship
Nothing yet… waiting to see/hear!
Groveman1, yes, hoping we will find out a lot more after today’s court hearing. Hopefully things will start moving quickly after today.
$LLBO ORDER TO SHOW CAUSE. Dismissal - We may be getting closer to filings here.. tomorrow 9am link below:
http://bluejeans.com/188933357
That would be fantastic Arnie1 so let’s keep praying!
I agree as well! ;)
Oh wow…
We will find out in 4 weeks!
Groveman1, I don’t know exactly but my feeling is that this will dismiss the Holmes family from having anything to do with LLBO and then LLBO will be freed to become pink etc.
Giora, No news is good news? Would appreciate any news! Thank you!
Groverman1, she must know something we don’t know obviously… she has always been positive and informs us on whatever she can legally update us on. I feel things are finally going to soon change in a positive way for us.
Groverman1, I had not seen that! That gives us hope!
Groverman1, obviously she’s not talking about LLBO because it is still in Expert Market and not current.
Ugly… but we need to wait until it is tradeable everywhere….
Groverman1, yes, it’s very odd! Not sure what’s going on here!
Grovernan1, maybe they’re trying to cause a panic sale before the March 28, 2024 court date?