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Re: DKEZ post# 5165

Tuesday, 01/14/2020 1:43:16 PM

Tuesday, January 14, 2020 1:43:16 PM

Post# of 9550
The unfortunate part of all this is that I've mostly done very well with stocks that David Lazar took over as custodian. When Lazar lost to the previous owners, I felt really good that they convinced the judge they were doing something that would be great for current shareholders. Lazar rarely loses, so what they said had to be very compelling. And then in a short amount of time they find someone to reverse merge in, and the story really seemed good. Some might say that the fact the owners sold to a scam company (if in fact that turns out to be true) isn't there fault. I'm sure the owners will say they were duped and thought it was a great company coming in. But as it stands, that court date in February is going to be an awkward one. Just as someone posted here this morning (or last night maybe), the owners have to show they've done what they said they would do, and had the best interest of the shareholders in mind. Lazar will claim (well, he might claim and he might not even contest this to be honest) that "he'd never sell to a scam, so the current owners didn't do good DD on behalf of existing shareholders and therefore shouldn't have been allowed to stay in charge". Will be very interesting to see what happens then. If a judge decides to change her mind based on what's happened, would the new company get pushed back out? Actually has me wondering now whether Vaycaychella can even put out an 8K until after that court date in February. It's possible they really can't do much until that hurdle has been cleared. Well, way too much confusion for me in the end, so I took a hit like many here but am glad I'm out.
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