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Re: bucks2pennies post# 59734

Thursday, 09/19/2019 6:01:00 PM

Thursday, September 19, 2019 6:01:00 PM

Post# of 71147
I am just saying that you can read all the rules you want but I would suggest that you not be so hard-nosed in thinking the actions required to remedy a situation or what is to befall is cookie cutter.

What happens from now on is indeed "cookie cutter". LAHO, like all issuers that have their registration revoked, is no longer a public company. You still own your shares, but there's no public market for them.

If LAHO wants its status to change, it has a single option: it can prepare two years of financial reports, and have them audited. It can then compile a Form 10 to register LAHO's common stock, and file it with the SEC. The SEC will probably comment at least once.

The Form 10 will become effective 60 days after it's filed. At that point, LAHO's sponsoring MM--I imagine they'll have found one by then--will collect the necessary information and submit a Form 211 to FINRA. FINRA will probably comment at least once. Probably FINRA will eventually approve it, and will, at the MM's request, assign a ticker.

At that point, the stock will begin to trade again. If all goes well, that should happen around a year from now, or a little less.

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