Chicago, IL
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I suppose, thinking that some here are so worried about a PR EOD that if they don't get one they sell 6's in the AM. I don't think there are 100M+ shares worth of "weak hands" in this, although it wouldn't surprise me. At least after tomorrow morning we will know who the strong longs are. Others know where the doors are, let it hit them on the way out.
Then don't sit on the bid, take this to 9's with your alleged 80M share capability.
Profits from unnamed stock that ran its course today replenished the bid here.
7 MM's on 6 bid VS 5 MM's on 7 ask. Math alone pushes this higher.
Bid at 6 shows the intelligence is still here. Let the sweaty hands leave here.
That makes no sense, I'd rather listen to Gonzo.
Let us explain the definition of a reverse merger to you. Taken from the first definition that comes up in google:
"A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public."
Except in this case it is a public company acquiring a private company, same concept. Here is the PR about acquiring GSCG, or in other words, "reverse merger" to the uneducated.
"Lans Holdings Inc. (OTCPink: LAHO) is pleased to announce that it has entered into a binding letter of intent to acquire 100% of Global Stem Cells Group Inc. (GSCG)."
Your welcome.
No, apparently 60 days from when it was written, not announced.
They have to do it by EOD today if deal is off. It's in paragraph 15 or 16 in the LOI, and it will have to be reported publicly on Nevada's website if there are any disagreements. Looks like there are none as of right now.
Was done 60 days ago both agreed the terms and shares. LOI was a generic document "pubco" means public company, a LOI from scratch would say Lans Holding instead of "pubco". They were satisfied the day LOI came out.
If greedy congressmen can't fill their pocket they won't pass legislation to make it legal in the US. That's all it is. Good thing our company is global, minus USA politics.
That's nothing, I've seen 5 years worth get released to go current. Next!
If GSCG cancels they owe LAHO $500,000. Monday is the LAST day either party can cancel, otherwise merger is going through, and that's LEGALLY binding. If we hear nothing by EOD Monday we are 100% merging and PPS should skyrocket, you will probably see some bushwackers here selling Tuesday morning because they will be complaining about how LAHO didn't PR pump that they were satisfied with the DD, even though both parties agreed on the terms 60 days ago LOL. Shouldn't be too much selling only the uneducated will shake in fear, but if you want to 1 or 2 tick chance of getting more shares at a lower price put money on the bid. I just hope we don't hear about cancellation Monday.
Problem there is they have both openly admitted satisfaction with each other at the time the LOI was introduced, I'm pretty sure the LOI was a copy and paste job being used as a template, and being a template it has words like "60 days", "satisfaction", "declare", and other stuff in it. It is true LAHO pays for all the fees, which is why we have seen dilution and it's behind us, but if GSCG backs out GSCG pays a $500,000 fine to LAHO. If LAHO is somehow unsatisfied and backs out, it must be done no later then Monday and the LOI would be rendered invalid but no additional fines since LAHO is the one who initiated the LOI, they are the ones who could also terminate it.
Because we are not officially part of them until after October or whenever the merger is complete.
Read below, especially paragraph 16 and 17, from the LOI. This would be public information and we would see it. The fact that we won't see this on Nevada's site, confirms that there are no current disputes to acquiring GSCG and we are in fact going through with this merger after Monday.
13. Should Pubco declare itself unsatisfied, within the Due Diligence Satisfaction Deadline, with its Due Diligence, the Parties agree that the Binding LOI shall no longer be binding unto the Parties herein, save for Sections 14, 15, 16 and 17, which shall survive the termination of this Binding LOI.
14. Other than what appears in the public domain, the Parties understand and agree that this Binding LOI, the terms of the Transaction and the negotiations thereof and any other information relating to the contemplated transactions herein, are confidential and shall not be disclosed to any third party, without the express written consent of the Parties.
15. The Parties agree that Pubco shall bear the cost of all required fees associated with the contemplated Transaction, including but not limited to legal and accounting fees, regardless of whether or not the contemplated transactions herein is consummated.
16. The Parties agree that this Binding LOI shall be construed and governed by the laws of the State of Nevada. Subject to Section 21 herein below, the Parties hereby agree to submit the resolution of any disputes or controversies relating hereto to the Courts of the State of Nevada.
17. Notwithstanding the above, in the event of any disputes and/or controversies arising out of or relating to this Binding LOI and upon mutual written agreement by the Parties, the Parties shall submit any such disputes and/or controversies to binding arbitration in lieu of litigation, and upon any such submission, the Parties consent to the resolution thereof by such arbitration.
Yes it's in the agreement halfway into to the LOI, they have to let shareholders publicly know if this dissolves before the 60 days.
Only 1 day left to get shares before DD is satisfied.
I think an A/S increase is more likely then a R/S, since a maxed out ss is still maxed out post R/S, unless they keep A/S the same but they declare that I believe.
LAHO has until EOD Monday to tell us if Merger is NOT going through. If we hear nothing, then we are set with GSCG. Let the sweaty flippers bail in fear Monday/Tuesday, more bargains for us longs.
I think selling at 25 cents is a wonderful idea.
LOI executed on the 28th, but drafted on the 23rd. 60 days from what, hmm....
LOL typical Friday afternoon beer money selling. Sellers eat your bubba burgers, I'll take the filet mignon in a few days.
Seems to be a discrepancy between people here believing 60 days from the date the LOI was written (23rd), or the date it was executed and released to public (28th). I'll let you guys fight that one out, doesn't matter to me.
We will make the big percentages, they will chase for small percentages, that's how it will work.
It is exactly. I watched 8s dropped that much on the ask then went to 7s. Now its thin to 10.
Means 7 and 8s are going to get slurped up today, 9s on Monday.
Only 1 more trading day left until LAHO can declare it is not satisfied with GCSG. Both parties seem excited to work with each other, all signs point to a successful merger!!!!
LOL, that would be one hell of a gap fill downward then.
Hence endless dilution / ATM cash machine / money laundering.
There was at least a 100% spike for a flip before R/S was announced. Even if it was from .0002 to .0004. Someone will pump this crap soon, and it won't be me. I will be putting in a bid at .0002 if R/S not announced and hopefully get .0004 out of it. GL to all of you.
The same as everyone else on this board.
For those looking for a PR or 8K by Monday will be disappointed, just sell now and leave.
Read the LOI, number 7 paragraph. Its optional, and can be released at a later date upon closing. I'll be surprised if they put out a fluff PR stating we are merging again.
They don't have to declare anything, it's going through just as it says in the paperwork, however if they decide not to go through with this deal, they would have to declare that to us by Monday. Relax.
Without news we get out of trips after Monday, because it's 60 days to tell us if DD had negativity. LOI and 8Ks tell us deal is going through unless otherwise stated, and October would be finalized. Also in last PR he said everything is going according to plan and finishing up financials to get current in order to begin the merger. I would guess sometime in August to get current. He does not have to repeat the same PR that paperwork is getting finalized and deal is still going through, that would be called FLUFF. GL trying to get 4's.
So ETRADE messing with traders thinking there is hardly a 6 bid so they are scrambling to get out at 7's? LMAO!!!
The 50 day MA will be at 7's shortly.
L3 probably has 5.5M still hanging, but they put some on 7's and 8's instead. 10 is the natural resistance so it will be high there.
Enough with the phone service talk, pointless topic, should be flagged for "off-topic"