Lans Holdings Inc. (fka LAHO)

[todd-m]

Tax-write off vs. cash from the buyback, that is a tough question.

Since I haven’t completed the full buyback process yet, I can’t confirm the fees. But...

Share Owned X Buyback Price Per Share = Buyback Proceeds Before Fees

1,100,000 X $0.002 = $2,200 before the $150 to $250 in approximate fees

If your buyback proceeds are still a loss because of a high purchase price (above $0.002), at least you are not facing a 100% loss. After receiving the buyback proceeds, you can move the cash to a new investment or trade and hopefully obtain an excellent return and make up the loss.

In my opinion, there are only 4 negatives to the buyback process.
1) The buyback process is very slow and there is lots of waiting.
2) There are major variations in experiences with the buyback program. The first group of buyback participants completed the process in 3 months or so while others completed the process in several months.
3) It is difficult getting a hold of some of the staff involved in the buyback program.
4) The process is easy, but you need to save a copy of everything, be organized, and be patient

Out of curiosity, so why would you hold delisted shares this long, decline the buyback, and sell for a 100% tax loss?

todd-m thank you for replying i am just now trying to figure out what to do with this situation. i never been in this situation before. since you went through this let me ask you this. if you had 1,100,000 shares would it be worth it to persue the buyback or just write it off for tax loss.? i appreceate any information you give. thanks again.