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RoagTrader

06/24/21 8:49 AM

#41417 RE: bucks2pennies #41415

Exactly, clear as mud. LAHO needs to clarify this because if it's not cash we still have no idea what we'll end up with.
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krayzo1138

06/24/21 8:50 AM

#41419 RE: bucks2pennies #41415

The 8k explicitly states a Cash payment equal to $8.2 Mil by LAHO for the repurchase of all of its shares.

No preferred shares or conversion to deal with

IMO
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apennyortwo

06/24/21 8:52 AM

#41421 RE: bucks2pennies #41415

“The Company pay LAHO, by delivery in escrow, an amount equal to USD $8,200,000 (“Cash Payment”), which Cash Payment shall be used by LAHO for the repurchase of all of its shares of common stock from its common stockholders". Seems like cash payment to me.