InvestorsHub Logo

pinkslipjunkie

09/23/18 6:29 AM

#19875 RE: janum #19874

LOL..welcome to the OTC...the wild west of the stock market....is that confirmation enough?

Razlin

09/24/18 11:36 PM

#19876 RE: janum #19874

The reason it stopped trading was because the company made an announcement about a merger before the stock became current and before any notable financial statements were submitted. The latest filing is the 13g from paul taylor showing he's a major stakeholder (16%) but also a passive investor and does not intend to exert any control on the company. Normally, a 13D is filed if you own more than 5% of a stock which shows that the major shareholder does have intent to affect change within the company.


https://www.investopedia.com/terms/s/schedule13g.asp

you can read more about that filing here.


The reason why I think that filing is important is because it allows Paul to say that he had no control over what was happening regarding the company announcing the merger. He basically removed any responsibility from himself.

Currently, we don't know who exactly is in control of FLSR. Many would speculate Everette to have control but it seems that he is no longer involved with the company either.


The company website that was originally linked to this board has completely been altered as well. All references to FLSR have been removed. Even any mention of MCLG, which Paul released some news on.

Paul has also removed any references of him being involved with FLASR from his linkedin as well. Lastly, the twitter for FLASR was deleted as well after a tweet out from the account regarding news for UHLN.

UHLN is currently owned by Everette.

The stock went to the grey market months ago and traces of the company are being removed from the internet.

There hasn't been any filings listed on the otc markets page, no communication regarding the company's activities, and no one available to take responsibility for management.



Maybe theyll bring this back once but I wouldn't count on it.