I can certainly appreciate those of you that have tried to maintain a positive outlook. Lots of speculation as to what the PPS is going to do. Sadly though, none of this means anything in the least until we determine if we're actually even able to trade this stock. The stock that is untradeable is completely worthless.
I have to say that I am completely flummoxed at the actions of the SEC. This little stock is at least 2 years delinquent on its fins and they pick NOW to administer a suspension? The company is on a doorstep to becoming current but they choose this moment in time when they could have chosen any other moment during its two years of delinquency. Something doesn't smell right about that.
With that in mind, the officials at LAHO could very well have known that the SEC was going to suspend them exactly when they did and set a filing deadline that was just beyond the date set forth by the SEC. I don't think I'm ready to buy for one second the idea that LAHO didn't know they were facing a suspension. No current address? Give me a break. I think that's an insult to everyone's intelligence.
When LAHO was conducting due diligence after signing the LOI, that's just code for raising funds. For what? Perhaps they were raising funds to hire a new auditing firm to bring their financials current. That's my only saving grace at this point. According to the auditing firm, they are still working toward bringing the financials current.
With as much attention as this thing is getting, there are going to be a large number of people demanding satisfactory answers from all parties involved.
