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Re: fsmith1952 post# 45506

Saturday, 11/14/2020 12:15:36 AM

Saturday, November 14, 2020 12:15:36 AM

Post# of 47790
If you read my post #45493 and #45494 (in that order - the second post was a small correction), I read through the court docs and summarized my best guess as to the most likely outcome of the proof of claims process. Quick summary: imo it's a great outcome, with only about $16K in cash and a few claims for a negligible amount of shares being valid. From what I can gather, about $300K worth of claims are not valid due to the statute of limitations having expired (the statute of limitations for such claims is six years in Nevada).

David Lazar, who has custodianship, is ultimately going to bring in reverse merger in all likelihood, since that's the whole point of the custodianship. That won't happen until after the proof of claims process is concluded at Clark County Courts, and typically not until after custodianship is terminated at a subsequent Clark County Courts hearing. We'll see those cued up on the docket at Clark County Courts at some point, which will give a better indication of the timeline. Usually we'd get some filings between those two events, hopefully a 10-K and a 10-Q. Lazar doesn't broadcast his plans and doesn't tweet or any such nonsense, so nobody has any clue as to whether he has a specific company in mind for this shell yet. But with SEC-reporting shells, his recent track record is to sell the control bloc within two-to-six weeks of terminating custodianship. So for now it's a waiting game, but it seems likely the proof of claims process will wind down soon (I expected it to be done by now frankly). I like this ticker a lot due to the large percentage of restricted shares and the low float that entails. This is the kind of OS that can fly if a good merger comes in. We'll see...

All my opinion...

Good luck!
H