Replies to post #53498 on Lans Holdings Inc (fka LAHO)

[TenKay]

No. It’s not a deadline....and it is too late.

They could make every single delinquent filing tomorrow and it won’t change a thing.

The stock will remain suspended for 10 days.

After 4 days without quotation (as a result of the 10 day suspension) the company will lose compliance with 15c-211 and the stock will move to the grey market. Look for that to happen mid week on OTC Markets.

When it reopens on the greys on Sept 20 it will trade significantly lower. The first few days will be the highest volume days it will ever see again. Slowly volume will start to dry up and the stock will become illiquid.

In the meantime the OIP will progress towards revocation. If the company accepts it would be about 30 days, if they don’t respond it will be a little longer and if they fight it...even longer still. I am not aware of any suspended ticker successfully fighting an OIP for delinquency.