Lans Holdings Inc. (fka LAHO)

[g0nz0]

You do understand the only BINDING part is with GSCG. THEY have to pay the 500k if they bail but if you read line one of the LOI, LANS clearly has the out.

Is says the contract can be voided if LANS isn't happy with DD with GSCG within 60 days.

So LAHO could at anytime terminated it with no fee towards LANS. For a stock getting ready to merge with this so called "great" company, they started dilution immediately.

Hmmmm, I wonder why they did that?

The LOI sets forth the terms of the Transaction as follows:


1. Subject to LAHO declaring itself satisfied with its due diligence of GSCG within 60 days of the execution of the LOI, the Parties agree to enter into a definitive agreement for the consummation of the Transaction within 150 days of the execution of the LOI and the closing of the Transaction shall occur at the time of execution or such later date as is practicable following the execution of the definitive agreement.