Replies to post #17604 on Locan, Inc. (fka LOCN)

[pennypincher156]

A form 4 should be filed because the Director filed a form 5 stating that he has no shares, 0...that must have been done for some reason or other...

[nodummy]

You are right a Form 5 is just an annual statement filed by all reporting officers/directors/beneficial owners within 45 days of the annual report.

http://www.sec.gov/about/forms/form5data.pdf

It is nothing more than that. It has absolutely no bearing on any potential merger. No Form 4 is required following the Form 5 because no shares were exchanged. The Form 5 was a general filing and nothing more.

http://www.sec.gov/about/forms/form4data.pdf

I hate seeing investors being led into this stock by the same people over and over again sounding false alarms about a potential merger being close.

There is no current signs that a merger is any closer now than back in late October/early November when false alarms started a pump & dump on this stock.

LOCN is a good clean shell with a relatively low deficit and accrued expenses that only has one note-worthy blemish - a convertible debt Note for $23,106 that can convert at $0.00924 per share any time the Note holder wants.

This is a R/M play with the potential for a nice pay off in the future if any R/M is ever finalized, but if anybody chooses to invest in LOCN now they should understand the risk that a R/M could still be weeks if not months or years away.