Subscribe to this topicForums > L&L Credit Reporting Agency and Business Services > Topic: Bankruptcy
| May 13th, 14:50 Lindsay Druart |
Closing Operations
Edited by author May 14th, 09:36 |
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| After further review of the state of the company, it is evident that L&L Credit Reporting Agency and Business Services will cease operations independently and declare bankruptcy. A detailed notice of the future for shareholders, customers, and debtors will be posted no later than May 18th at http://lindsaydruart.blogspot.com and the blog will be open for discussion even though the decision has been made. No other details will be discussed at this time until after the blog posting as there is much to address and that posting will more than likely address everything asked. Delistment will commence no later than May 31st. Thanks... Sincerely, Lindsay Druart, Acting CEO lindsay.druart@gmail.com |
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| May 13th, 15:05 Lindsay Druart |
Re: Bankruptcy | |
| ****NOTE**** This does NOT affected L&L Corporation (RL), or L&L Rentals and Sales (SL). Both companies are still in business. LLL shareholders will be updated in the blog as well. | ||
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| May 13th, 17:27 Sportsbets Writer |
Re: Bankruptcy | |
| what happen to my 1 LCA share now? | ||
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| May 13th, 17:38 Difrajealb Chevalier |
Re: Bankruptcy
Edited by author May 13th, 17:39 |
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| May 13th, 19:23 Ivan Halfpint |
Re: Bankruptcy | |
| You have to be kidding? No really you have to be kidding? Just when I think I have seen it all in SL...... Bogart says no personal comments - So I wont even comment on what I think of Lindsay as a business *cough* manager or her *cough* 'honesty and ingrety'. All I can say is good luck to anyone who invests in her LNL Super Cyberverse Revolutionary Republican American Credit Union. *Shakes my head* |
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| May 13th, 19:38 Scott Nestler |
Re: Bankruptcy | |
| Ivan, This is moronic, to make a bankruptcy announcement on a company without announcing the plan? What is bankrupt? How can a RL entity that is the parent of all of these SL entities not be effected? There are stockholders here in CapEx and Debtors with Venture captial tied up in LCA, all of us are supposed to sit back, relax and await their fate? Someone please tell me that CapEx mgt are talking to Lindsay and have a plan in the works, I do not think anyone here wants this in her hands alone. Is everyone clear that this isn't a bankruptcy but a shut down? How can you just select what divisions your closing and let the other stay open and claim that the RL company is not effected? -Scott |
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| May 13th, 22:05 Bogart Beck |
Re: Bankruptcy
Edited by author May 13th, 23:21 |
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Scott, To be very clear SL Capital Exchange is a Trading Platform NOT a POLICE FORCE. At this point as an Exchange we have done what we are capable of doing - we have HALTED trading in the company and have SUSPENDED the TRADING ACCOUNTS of the EXECUTIVES and INSIDERS until such time as the Board of Directors and shareholders achieve a satisfactory resolution. It is the RESPONSIBILITY of the BOARD OF DIRECTORS *AND* the SHAREHOLDERS of a company to hold Executives Accountable. Were I a shareholder in LCA and or LNL (I am not) at this point I would certainly be spending a great deal of time parked in Lindsay and Luke Birdbrains laps exploring every possible option available. Scott, as I am sure you are also aware, MANY conglomerates INTENTIONALLY organize their disparate entities as SEPERATE Corporations SPECIFICALLY to shield the liabilities of one entity from the others. This is NOT UNCOMMON. Specific to LNL and LCA as far as I can tell they are SPERATE ENTITIES with SEPERATE BOD's, seperate Shareholders and Seperate Accounting. That being the case I would view them as mutually exclusive. Where the "other" (RL?) entities fall within that context is beyond me - I'd start asking questions and demanding answers if I were you. Bo |
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| May 13th, 23:24 Cayman Beaumont |
Re: Bankruptcy | |
| Have I missed the shareholders meeting? The last time I looked Lindsay only held 8% of the company, what authority does she have to do this? Now she could always refuse to play the game and take the ball home with her, but that would be really immature, wouldn't it. Regards, CB |
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| May 14th, 03:59 Lindsay Druart |
Re: Bankruptcy | |
| I never said the RL company was not affected but I did state the RL company would still be in operation. As for LCA, there is roughly about 3000% more debt than income. Share conversion and liquidation schedules are being considered and calculated. Time constraints have prevented a shareholder meeting. Feel free to discuss any ideas here and they will be taken into consideration. | ||
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| May 14th, 06:12 Scott Nestler |
Re: Bankruptcy | |
| Is the RL filing for Bankrupcy protection? | ||
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