I read. I scratched my head??? Ah, where is the evidence of a scam?
What I read was the story line of most if not all "pinky" companies wishing to start up a company utilizing what 'going public' provides: Shares to sell to generate capital for pursuing that wish....when they currently do not have deep pockets stuffed with cash for doing so.
Using the stated posted perspective therefore yields that: All Pinkies are scams!!!
I buy shares in Pinkyland because I do not share such a philosophy.
LAHO wishes and therefore knows that they must play by the rules in the playbook.
Willing to agree that they chose to violate the rule of prompt compliance with required SEC reporting forms, they accepted the punishment. Now they intend to change their ways to comply with providing delinquent reports AND continue to comply in the future (under the RM hopefully) - if SEC/FINRA approves of their contrite response, LAHO will trade again.
Not a scam, just having a difficult time realizing that becoming a valid company in the scheme of things requires timely completion of required tasks.
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