LAHO Shareholders Unite to file Derivative Lawsuit
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We are the shareholders of LAHO, united to file a Derivative Shareholder Lawsuit. 172 Shareholders holding 1.286 billion shares of the 4 billion outstanding. We feel the CEO, past and present, have failed at their Fiduciary Duties to shareholders. We are asking for $15k to pay for our attorney fees for us to move this lawsuit forward.
We are a group of people (common shareholders). We are single moms and dads. We are working senior citizens. We are veterans. We are retired. We are young couples that are trying to get ahead and buy that first home. We are putting our kids through college and trying to figure out a way to stay home and raise our own children. We are college students investing a few dollars to try to pay off student loans. Some of us are assisting our elderly parents. Just like most families, we live paycheck to paycheck and save what we can.
As a group, we were brought together by a press release and notifications on corporate websites put out by Lans Holdings and Global Stem Cells Group. They spoke of a merger that would bring the two companies together and increase the value of Lans Holding Corp by merging with Global Stem Cell Group.
That official press release was issued On May 28th, 2019 per filed 8k.
Fast forward to September 6, 2019. Trading was suspended due to poor management, Corporate neglect, and possibly an attempt to defraud investors. Then, ten days later, Lans Holdings announces the deregistering of the company stock, making our shares worthless holdings that can no longer be liquidated.
Press releases saying that they were going to re-register shares. Notices of extensions of deadlines on corporate websites. CEO stated they were working diligently to quickly resume trading. Then came the revocation.
It all seems like it was a lie. Management was telling the shareholders they were working towards resuming normal trading and business activity. What they were actually doing was abandoning the investors and making a deal with the new company, MSSV.
Lans Holdings stole almost $18 million from shareholder value at the time of suspension Sept 6th, 2019.
We need your help. Please contribute anything you can to our cause as we are retaining an attorney to help in our fight against these two corporations. These are two corporations that believe they have the right to put out press releases, issue statements, post misleading information on websites, take people’s money, and walk away from them without a conscience, or consequences.
Thank you so much for your support in this very difficult financial situation that the LAHO CEO placed on each shareholder. We currently lost at the time of suspension $5,915,600 in our group of 172 shareholders.
P.S.
All Attorney fees will be included in our demand/complaint letter. If the Attorneys are recovered they would go to reimburse all the Gofundme Contributors.
We are a group of people (common shareholders). We are single moms and dads. We are working senior citizens. We are veterans. We are retired. We are young couples that are trying to get ahead and buy that first home. We are putting our kids through college and trying to figure out a way to stay home and raise our own children. We are college students investing a few dollars to try to pay off student loans. Some of us are assisting our elderly parents. Just like most families, we live paycheck to paycheck and save what we can.
As a group, we were brought together by a press release and notifications on corporate websites put out by Lans Holdings and Global Stem Cells Group. They spoke of a merger that would bring the two companies together and increase the value of Lans Holding Corp by merging with Global Stem Cell Group.
That official press release was issued On May 28th, 2019 per filed 8k.
Fast forward to September 6, 2019. Trading was suspended due to poor management, Corporate neglect, and possibly an attempt to defraud investors. Then, ten days later, Lans Holdings announces the deregistering of the company stock, making our shares worthless holdings that can no longer be liquidated.
Press releases saying that they were going to re-register shares. Notices of extensions of deadlines on corporate websites. CEO stated they were working diligently to quickly resume trading. Then came the revocation.
It all seems like it was a lie. Management was telling the shareholders they were working towards resuming normal trading and business activity. What they were actually doing was abandoning the investors and making a deal with the new company, MSSV.
Lans Holdings stole almost $18 million from shareholder value at the time of suspension Sept 6th, 2019.
We need your help. Please contribute anything you can to our cause as we are retaining an attorney to help in our fight against these two corporations. These are two corporations that believe they have the right to put out press releases, issue statements, post misleading information on websites, take people’s money, and walk away from them without a conscience, or consequences.
Thank you so much for your support in this very difficult financial situation that the LAHO CEO placed on each shareholder. We currently lost at the time of suspension $5,915,600 in our group of 172 shareholders.
P.S.
All Attorney fees will be included in our demand/complaint letter. If the Attorneys are recovered they would go to reimburse all the Gofundme Contributors.
Organizer
Admin LAHO
Organizer
Fleming Island, FL