Lans Holdings Inc. (fka LAHO)

[todd-m]

I don’t know how iHub works in France. So below, is a copy and paste of the information from post #71057.

Update#1- Partial Summary of Years of Postings
I did not follow nor check the discussion board for quite some time (years) on the outcome of Lans Holdings’ plan to relist its LAHO shares. Since May of 2022, my contacts with the LAHO board have been more frequent.

Many iHub members who have followed the board more closely have posted that Lans Holdings decided at some point in time to remain a private entity and that Lans Holdings would not return to a publicly traded status. Although Lans Holdings is currently a private entity, the LAHO discussion board and the MSSV discussion board both note that Lans Holdings has decided to repurchase all of its shares of common stock that were formerly publicly traded from shareholders who still have LAHO shares. The repurchase is to be made through "The Return Treasury Agreement" buyback program. If a LAHO stockholder agrees to participate in the program, "The Return Treasury Agreement" buyback program will repurchase the delisted LAHO shares for a direct cash payment.

According to the posts on iHub, around June 24, 2021, there was an announcement that there would be a future update that would provide the contact information and a procedure for the repurchase of the delisted LAHO shares. Also, the MSSV 8k dated 6/24/2021 stated that: "The Company pay LAHO, by delivery in escrow, an amount equal to USD $8,200,000 (“Cash Payment”), which Cash Payment shall be used by LAHO for the repurchase of all of its shares of common stock from its common stockholders.” In November 2021, LAHO posted on its website "The Return Treasury Agreement" buyback program.

https://www.lans.holdings/

For those who are just finding out, access the Lans Holdings website. Click on the shareholder notice at the top and then click on the Return to Treasury Program link to start the DocuSign process.

For those with feelings of doubt, suspicion, or concern, once you open the DocuSign link (on a desk lap top), on the right of your screen you’ll see, “Other Actions.” Click on that link and you you’ll see a drop down. Click on “View History” and you will be able to track the progress of your submitted buyback documents (when Peter Lundberg received your docs, etc).

People have been posting messages on both the LAHO discussion board and the MSSV discussion board about almost every aspect of the buyback and potentially complicated buyback situations such as:
• LAHO shares are at multiple brokerage firms
• LAHO shares are in multiple accounts
• LAHO shares are in a legal entity, a tax deferred plan, an employee stock plan, an IRA plan, or a Roth plan
• a LAHO stockholder resides outside the United States and LAHO shares are located outside the United States at a non-US brokerage firm

If you have one or more of the potentially complicated situations above, you probably should call the contact person (Joseph Donohue) at Vstock Transfer so you can avoid delays and mistakes before starting the DocuSign process. You should also have a discussion with your broker, your accountant / tax professional, and your bank before starting the process.

According to the transfer agent, there are shareholders who have an insufficient number of shares and who run the risk of not getting approved to participate in the buyback. The administrative processing fee is greater than the payout value of the shares. You should call the contact person (Joseph Donohue) at Vstock Transfer to make sure you are above the cut off number.

According to the December 2021 posts on the MSSV discussion board, there were over 2,200 LAHO shareholders. Many posts on the LAHO discussion board and the MSSV discussion board both indicated that the DocuSign link temporarily stopped working because it was overwhelmed. It appears that Lans Holdings received a “much better than expected response.” The “initial DocuSign subscription maxed out” after receiving “over 1,000 responses and the LFA (Lans Financial Administrator) is working on it now.” A post on the MSSV discussion board stated that they can only complete about 30 submissions a week. Many posts on the MSSV discussion board stated that wire transfers are initiated once a week. While going through the buyback process, people have been posting information received from Lans Holdings, their experiences, their frustrations, their setbacks, and their payout amounts on both the LAHO discussion board and the MSSV discussion board. LAHO stockholders seem to be located in multiple countries such as the United States, Canada, a few countries in Europe, and at least one country in Asia.

The messages about the repurchase of LAHO shares are located on two iHub discussion boards: this board (LAHO) and MSSV board.

I completed and returned the first portion of DocuSign. I am still waiting to move forward in the process to Step 2 of DocuSign.