Locan, Inc. (fka LOCN)

[peterminator]

John Heskett owns IACE Investments Two, Inc.
This guy is much more than just an Attorney...

Exerpts from 10-K of one of the company Heskett is the majority share holder:

http://www.hotstocked.com/10-k/--315358.html
Our principal shareholder, IACE Investments Two, Inc. (“IACE”), currently owns approximately 80.45% of our Common Stock. It will have significant influence over all matters requiring approval by our shareholders, but not requiring the approval of the minority shareholders. Therefore, IACE will be able to control substantially all matters requiring approval by our stockholders, including the election of directors, the amendment to our Articles of Incorporation, the approval of mergers or other business combination transactions, and will also have control over our management and affairs. As a result of such control, certain transactions may not be possible without the approval of IACE, including proxy contests, tender offers, open market purchase programs or other transactions that could give our stock holders the opportunity to realize a premium over the then-prevailing market prices for their shares of common stock.


IACE Investments Two, Inc (IACE) is the controlling shareholder with control over the Company.


Our principal shareholder, IACE Investments Two, Inc. currently owns approximately 80.45% of our Common Stock. It will have significant influence over all matters requiring approval by our shareholders, but not requiring the approval of the minority shareholders. In addition, the sole shareholder of IACE Investments Two, Inc. is John Heskett. In effect, John Heskett will be able to elect all of the members of our board of directors, allowing him to exercise significant control of our affairs and management. In addition, he may transact most corporate matters requiring shareholder approval by written consent, without a duly-noticed and duly-held meeting of shareholders.