This SEC hold is strictly based on the management of LAHO not completing their filings. CSCG is NOT a player here. They agreed to RM IF LAHO proved to be clean and fulfilling SEC requirements for their part.
I would be more concerned that with this debacle, CSCG now sees too great a risk for partnership. They will have to look elsewhere.
This whole thing smells funny. Wouldn't SEC advise LAHO that they have until 9/5/19 to file or the SEC would terminate trading on 9/6/19.
I think so. And if LAHO was aware of this event, would you not expect management to have the necessary filings completed by 9/5/19 with so much to risk? Even if poorly done, SEC would have them on that date... amendments be damned?
I think LAHO was walking dead and they knew it. All a money-making sham for them somehow. What a bitch. Retail SHs get the shaft once again.
'trust' is not in the dictionary that "pinky" business' adhere to.
Excuse me...I have to go cry. I have a habit of making decisions based on trust.