First of all, you don't know the conversion rate. Second, LAHO share registration has been revoked. Meaning, whatever you own is worthless unless it is exchanged for another issue that is registered i.e. MSSV shares.
With this wording, management will decide shareholders fate at a later date. It doesn’t say management only receives shares, but it doesn’t say shareholders will receive shares either. They left common shareholders out of the deal. Shareholders may receive shares if management decides to give them. That is the problem!