As you can imagine, management has been working on numerous fronts as you can imagine. Management is attempting to restore value to shareholders, if this were not the case, no one would be answering emails, no one would be posting information on the site for shareholders, no one would be working on a prospective shareholder vote, no one would be working to potentially improve this deal, no one would be looking into regulations and required filings for registration of shares, no one would be around at all. This situation has created an inordinate amount of work for management as it attempts to find a proper resolution.
The company is very disappointed because it had filed an 8K with a change of auditor, a clear signal to the SEC that Lans had started to work on its financials and management pleaded with the SEC after September 6th but unfortunately this is how the SEC is set up. Once a company is suspended it cannot become unsuspended. As well management learned the hard way that the SEC in these cases will not attempt to send an email or place a call to a company, nor its SEC lawyers, citing its intentions. Management is working on something and will release information shortly.
We are glad to hear from someone who works as an investment manager by profession. By virtue of the same, you will for sure appreciate some of the key factors that need to be considered. For example, even though the price of LAHO soared to $0.0046 the day before it got delisted, the low for the day, three days before it got delisted was $0.0021 Also, the 20-day average price for the stock was $0.0021 and 30 day average was $0.00157. Even if we look at the average price one month back ie: July 5th to August 5th the average price was $0.00078. You know then as well as any exert, stock prices on the OTC are extremely volatile and highly unpredictable.
As mentioned above, please check back on the site for a release in the next couple of days and we thank you again for reaching out. Please stay connected to latest news at http://lans.holdings/index.html
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