Few facts that stand out on this merger/acquisition:
1. The company announced the acquisition in an 8K disclosure with the SEC. Have not seen many like this in the OTC land.
2. GSCG has the acquisition news on their web site, hence confirmed by the merging company.
3. LAHO's IR person confirmed via e-mails to posters on this board about this deal. Hence a third party IR confirming the acquisition in the works.
4. LAHO released site opening news on behalf of GSCG. Appears both companies are working as one unit.
5. Based off of Zoominfo (post 13599) GSCG has $29 million in revenues. Market Cap is normally X of revenues. Currently the ticker has MC = $1.4 million, way lower than the revenue figure. Granted the merger has not completed yet.
6. Revenues have tripled last year as per Zoominfo as noted above. The industry has a compounded growth rate of about 14%.
7. GSCG has 36 sites in 27 countries and its expanding. Who knows how many sites in how many countries will be opened in a couple of years time.
8.Company is working to bring all financials current as per last PR and e-mails from the IR. Appears both parties are motivated and actively engaged to bring the acquisition to fruition.
9. Appears some dilution is happening but may have slowed down. We'll see. Remember we're in OTC land, dilution is part of the deal for most situation.
Just some of my thoughts.
$LAHO
Disclosure: The post is just my opinion, not intended for investment advice. Do your own DD before buying, selling or holding stocks.
AI
