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Re: paulpaint post# 39563

Thursday, 02/11/2021 11:40:44 AM

Thursday, February 11, 2021 11:40:44 AM

Post# of 50877
It will be preferred, this has been settled. I clearly pointed out issues with the conversion formula to both companies though and they took it for action to work it out. LAHO gets 8M Preferreds to divide up among LAHO holders, but they still need to share the final formula with us. Lans IR told me they took the concern for action and will post a new shareholder correspondence letter to the website addressing it. This was a couple of weeks ago though and nothing has been posted yet.

While I think they really are striving to not only close the acquisition but also benefit shareholders of both companies, it was surprising to me the lack of attention given to the extremely critical aspect of conversion rate. MSSV IR clearly stated that it was their responsibility to give LAHO the shares, but not to set the conversion rate. This was a highly ignorant response, seemingly not understanding that the NUMBER of shares is really not what matters, it is the VALUE of those shares. Regardless, Lans is addressing and I think they will stick to a route that ultimately gives ~2/3 of the Company to LAHO holders. But, since the conversion can't happen immediately, us MSSV-ers get the playground to ourselves for a while first.

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