Replies to post #55957 on Lans Holdings Inc (fka LAHO)

[davidsson10]

Lans Holdings Secures Extension to Complete Acquisition of Global Stem Cells Group

September 11, 2019 09:00 ET | Source: Lans Holdings Inc.

MIAMI, FL, Sept. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Lans Holdings Inc. is pleased to announce that it has successfully secured a 180-day extension to complete the acquisition of 100% of Global Stem Cells Group Inc (GSCG).

On Friday September 6, 2019, trading in the company’s stock was suspended due to a missed communication regarding the pending delinquent annual filings. Company management has had several discussions with the SEC and has determined that an old address is the cause for the missing paperwork. The Company has agreed to enter into a settlement with the SEC, which will result in the deregistering of the Company’s shares. Company management had been working with its auditors, accounting staff and outside consultants for the past few months to bring the Company’s filings current when the Company learned of the revocation. The Company intends to now file a form 10 to reregister its common shares with the SEC and to locate a market maker to sponsor the Company in a 211 filing to reinstate trading of the Company’s shares.

“We regret the concern this put on the market, and especially the delay in communication of these events, as we had to ensure that we had accurately secured all of the necessary agreements to successfully recover from this disruption,” said Dave Christensen, CEO of Lans Holdings. “We have been working diligently on catching up all records and we are looking forward to quickly submitting a Form 10, and then closing the acquisition.”

This press release should be read in conjunction with all other filings on www.sec.gov

For more information on Global Stem Cells Group please visit: www.stemcellsgroup.com

[JMMatthews]

Stickied thank you: https://www.globenewswire.com/news-release/2019/09/11/1914166/0/en/Lans-Holdings-Secures-Extension-to-Complete-Acquisition-of-Global-Stem-Cells-Group.html

LAHO $$$

[Eng62]

Thanks

[Capitalvaluetrade]

Wowza

[OTC_Buyer]

Game on!

Go LAHO

[soulsalve]

Out of the three suspensions I’ve been in this year, this is the only company to PR the shareholders with an update in the middle of their suspension.. I find this intriguing.

Good luck all

[elkonig]

That is a fake news release. about LAHO
No signature and it hasnt been issued to the SEC by any means.

TOTALLY BOGUS!

[jackson73]

Wow...just read this

[TraderDMaui]

Wow great NEWS$$$$$$$$$

[Cpfrangi]

Thank you for posting this. It raised my spirits!

[SHREDDER]

It sounds to me like instead of perhaps a very large loss in share price upon resumption of trading as some were expecting, there's now a possibility of a 100% loss if the management doesn't follow through with reinstating the shares for whatever reason. Pink sheet managements routinely fail to follow through on all kinds of matters, if you haven't noticed by now.

I find it hard to believe that something as simple as an old address resulted in the management having to enter into a settlement with the SEC with such grave consequences. The PR didn't state that the old address was unequivocally the reason the SEC gave for taking this action. It simply said the management "has determined that an old address is the cause for the missing paperwork" -- basically that means that's what the management thinks it is. The management may be incorrect in that determination. I would expect it's something a little more serious, personally.

Quite a lot to digest and, as is so often the case with pink sheet 'companies', it seems like the complete picture is not being given to investors.

Sorry to paint such a bleak picture, just trying to add a dose of realism to everyone's hopium.

[Lone Wolf]

Nice!! Happy for everyone here that the company put forth thid update/communication.