LDSR ALERT: Update on Position
Landstar Inc (LDSR) was purchased by William Alessi a notorious shell scam artist. Do your own research on him or go on the ihub boards on research/fraud/etc and he will come up if you are lazy.
Alessi purchased essentially LDSR from a company called MinnyMar Group - the ticker came with preferred stock for Alessi and he then went to North Carolina, rented an office and made his ownership legal.
Alessi did not reinstate the entity in Nevada and pay all the fees, fines, and taxes owed and instead filed in North Carolina - this can be seen as a form of tax fraud, and a few other things.
Alessi then sold the LDSR shell to Jason Remillard the CEO of Data443 who figured this out after the fact and chose to keep all of this withheld from shareholders since he knew about it in March. Remillard owns a dirty shell he is cleaning up with retail shareholders and once clean may sell it to RM to another company and Data443 do its own ticker, or may actually RM or may just go private. Remillard cannot handle what is going on right now and the regulators will never grant this name or symbol or RM changes to this dirty ticker.
LDSR has by OTC history, and I quote someone else "has one of the ugliest convertible debt situations I have ever seen and all sorts of problems because of the bogus preferred stock and corporate identity Issues" as in MinnyMar is converting 2.5 BILLION TRADING SHARES AT A VALUE OF .00005 YES THAT IS HALF OF .0001.
All PRS are they to sell these shares and they will remain alternative reporting to hide everything until they RS, go private, cease operations or whatever. The current plan IMO is for them to clean it up RS and own other tickers they will make on OTC I can tal more about this later but this will happen in mid-to-late-2019 with mostly new money.
GET OUT or flip this correctly.
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