Lans Holdings Inc (fka LAHO)

[sello]

The $5.8 million was to be settled with the issuance of 750,000 preferred B shares. As of the last 10k, yes, those had not been issued and the 5.8 was listed as an impairment. The assets were obtained from, and shares owed to, Transaction Data USA Inc. (“TDUSA”) and Melcent Technology SRL (“Melcent”).

At November 30, 2016, the 750,000 shares of Series B Preferred Stock had not been issued and $5,820,000 of stock payable to related parties was accrued by the Company.

https://www.otcmarkets.com/filing/html?id=11936326&guid=ZZFyUpw5UPZyeth

Because there was not a subsequent 10k you can't see the B shares reflected. BUT you can see that they were eventually issued by the restructuring that happened in May of last year.

As of the Effective Date, TDUSA hereby elects to exchange one hundred and sixty-eight thousand (168,000) shares of Series A Preferred Stock and three hundred and seventy-five thousand (375,000) shares of Series B Preferred Stock (the “TDUSA Preferred Stock”) into one thousand seven hundred and twenty-five (1,725) shares of newly created Series C Preferred Stock (the “NEW Preferred Stock”)

and

As of the Effective Date, MELTEC hereby elects to exchange one hundred and fifty-six thousand (156,000) shares of Series A Preferred Stock and three hundred and seventy-five thousand (375,000) shares of Series B Preferred Stock (the “MELTEC Preferred Stock”) into one thousand seven hundred and fifteen (1,715) shares of newly created Series C Preferred Stock (the “NEW Preferred Stock”), which has the features contained in the Certificate of Designation, in the form and substance to that attached hereto as Exhibit “A.” LAHO accepts the conversion of the MELTEC Preferred Stock for the NEW Preferred Stock.

https://www.otcmarkets.com/filing/html?id=12748339&guid=ZZFyUpw5UPZyeth

So that 5.82 million was coverted to 750k shares of B's and has now been converted to an aggregate of 3,440 Class C shares. Keep in mind the Benito Novas is to be issued 237,000 series C's upon the signing of the definitive agreement.

The discussion of possible dilution from this old debt is irrelevant at this point as the shares issued for the debt have not yet been registered and can not be sold.

DD pays!!

LAHO!!