LocatePLUS Holdings Corp. (fka LPHCQ)

[jurisper]

JF is at risk of getting more than JL. His attorney really does seem to have botched the plea deal bargaining and as of now JF is headed for trial on all 31 counts in October. (Although I would bet 20c most likely outcome is that he gets a new attorney and cuts a deal before then - his position at trial would be disastrous for him, IMO.)

BTW, I don't think you can get more than a few months time off for good behavior in federal prison.

The company is defunct, operationally. All of its operating assets have been sold. The remaining cash and the proceeds from any future suits brought against insiders etc etc by the trustee get shifted into a trust to pay off the creditors. The shareholders will almost certainly get nothing. The court approved all of these plans of the trustee in a hearing today.

There will shortly be an SEC admin hearing on revoking the registration of the stock which I am sure the trustee will not contest. So in a little while I expect LPHCQ will essentially cease to exist.