LeaseSmart Inc (fka LSMJ)

[silverbull]

IMPORTANT FOR SHORTSQEEUZE
A Form 4 template is available at the SEC website.

Basically, it shows a person or entity owns a "controlling interest" -- 5% ot more of the officially stated shares of the company's stock.

Controlling interest gives the holder certain rights that the average investor doesn't have. For example, you have more of a voice in what happens with your company. I believe you can ask to see financials, planned changes to the share structure, possible merger deals etc.

In court, I believe it could be argued that any changes made to the company without your knowledge can be undone - dating back to the time of your original purchase (even if you filed the Form 4 later).

A form 4 is required for holders of greater than 10% of shares outstanding. They are considered "reporting persons", or "beneficial owners." To have a "controlling interest" it would need to be 51% or greater.

http://www.sec.gov/about/forms/form4data.pdf

and from section 16 of the Security and exchange act of 1934
http://www.sec.gov/divisions/corpfin/34act/sect16.htm

DISCLOSURES REQUIRED.--

(1) Directors, officers, and principal stockholders required to file.-- Every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security (other than an exempted security) which is registered pursuant to section 12, or who is a director or an officer of the issuer of such security, shall file the statements required by this subsection with the Commission (and, if such security is registered on a national securities exchange, also with the exchange).

Of course I can't proof any of this, and unlikely that the real culprit ever surfaces and repays anyone that got scamed in this little boiler room operation."

Peeps with 2.5 million or more shares can file an SEC Form 4 - statement of beneficial ownership. The template is available at the SEC website. Your broker or a securities atty. can upload your Form 4 to Edgar, making your 10% ownership stake "official."

This may allow them some access to company records - at the very least it now puts the issue right in front of the SEC, whom it appears our friends at NASD and BHUB have been...avoiding.

Even people with a 5% ownership stake vs. the stated O/S are considered "beneficial owners". I'm not sure what rights people with 5--9.99% have, but again, it's worth a free call to a securities attorney to find out IMO.
This comes from the BHUB forum, now comes the plan (my first language is not english but I hope that everything is clear)


1. Form 4 submits, if you have more then 10% you are an benefical owner.
2. Then you ask the SEC correct AS and OS numbers.
3. Now the SEC must total AS and OS releases correctly such as yucatan holdings asked that in case of BHUB. We wait for the SEC which makes this officially.
4. Now shortsqeeuze can start
5. Everyone is fright for a halt, totally undeserved. What is happend at BHUB, here has the CEO has shown up with a plan for the shorters to pay and he has called upon himself the halt. A super plan for him because 6.600.000 USD damages for the compagny and no shortsqeeuze (an disaster for the traders but an good case for CEO and the company). At LSMJ officially nobody asked damages, there is nobody . Now we can take the heft in own hands then we have shortsqeeuze (super for the traders) and no halt because nobody asked that , that is the big difference between BHUB en LSMJ.
BHUB: company and CEO has the money from the shorters .
LSMJ: shortsqeeuze and traders have the money from the shorters.
6. This will be an good shortsqeeuze because the naked shorters can not cover via the company because the company makes no new paper. The shorters are caught on their destiny and nobody is gone help him, this becomes an nightmare for the shorters.
7. I hope that everyone realises now what must happen and now time for action. A good example for this situation is GLKC an few years ago. GLKC's case was trading in the open market, and the filing proved the short position and the stock rocketed. The person was Doc Simpson on GLKC, were he was owner of complete floot. Probably here hotstockagent will have the floot also approximately complete if he has 20 millions shares.
That is the plan, let the fun begin.