Lans Holdings Inc (fka LAHO)

[fahrenheitjules]

Sounds pretty done to me with just the need for a formality if one re-reads the BINDING LOI PR:

GSCG specializes in leading-edge stem cell research, patient application and physician training. The company licenses its name and intellectual property to physicians around the world and supplies them with necessary equipment and medical supplies to perform stem cell treatments. The company currently has one of the largest member clinic networks in the world spanning over 25 countries.

“We are very pleased to have entered into this binding LOI with Global Stem Cells Group,” said Dave Christensen, CEO of Lans Holdings Inc. “This transaction represents a significant opportunity for our company to enter the explosive field of Stem Cell technology with a proven and seasoned team and I look forward to working closely with GSCG to execute on their growth plans.”

“We are excited to join forces with Lans Holdings,” said Benito Novas, President and CEO of Global Stem Cells Group. “This union will allow us to have access to the capital markets to further fuel our growth as the global stem cells market enters into an accelerated expansion phase.”

http://www.stemcellsgroup.com/lans-holdings-enters-into-binding-loi-to-acquire-global-stem-cells-group/

And the term “declare itself satisfied within 60 days” does not mean we get a PR of that declaration by the 60th day or at all. The deal could be done already but has not been made public. At this point we are all guessing. From what we know about GSCG It would seem crazy if LAHO just backed out of it. They would have to have found GSCG to have critical hidden deficiencies. Though possible, that discovery seems highly unlikely from what we know.

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

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.

https://www.otcmarkets.com/filing/html?id=13457482&guid=cGwIUpv1YGrB3th