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LottoGopher Holdings Inc LTTGF

LottoGopher Holdings Inc is a lottery messenger service. The company owns, operates, and maintains LottoGopher.com, an online provider of California state lottery tickets. With LottoGopher, individuals can either play along with a single ticket or create and join online public and private groups to pool winnings from California lotteries, including Mega Millions, Powerball and SuperLotto Plus.


GREY:LTTGF - Post by User

Comment by hintonkidon Aug 15, 2020 12:21pm
546 Views
Post# 31412694

RE:what is going on with my beloved gopher ?

RE:what is going on with my beloved gopher ?That is a darn good question.  For the longest time, on Friday, no shares traded that I am aware of and, then at the last minute someone or other picked up 460,000 shares.  Mind you, they only paid about $920.00 in total for the shares but some one  must think that there is some value here or will be at some point in the near future or, they are new to investing and thought that they were getting a good deal.  It could be that the company board are buying out available shares to remove them from circulation since the company has been delisted from a main stock exchange as part of some arrangement with regulators in both Canada and the US.  Lottogopher Holdings is still considered an active entity by the regulators in both countries and the LOTO board of directors have a lot on their plates to work through with the regulators in both countries in order to satisfy regulators as to the company's viability, going forward, as a viable entity.  Also, who knows how long it will take to unravel the Bravio deal.  If investors recall, that was the Reverse Take-over arrangement that Lottogopher Holdings and Bravio Entertainment entered into in which LOTO would buy Bravio and then the company would change it's name to Bravio Entertainment and then become a combined public entity trading on a Canadian exchange.  Unfortunately, at the last minute some undisclosed snag occured in relation to the final court hearings, or something to that affect, and LOTO announced that the deal was being dropped.  LOTO had already been halted, by the exchange for what seemed like forever after the announcement that the company was buying Bravio Technologies.  After the announcement that the deal between the two companies had fallen through it wasn't too long after that that the company announced that the exchange had issued a delisting order and the shares were delisted.  Since that time LOTO shares are only available for purchase or sale on the OTC (Over The Counter) and the company's CEO or other officers or company representatives have not issued any further news, that I am aware of, as to the status of the company as a going concern.  If I recall, that at the time of the delisting announcement, the company did indicate that they would be doing it's upmost to get things back on track and apply for a relisting on company shares.  If I read the regulations, correctly, in regard to the delisting of an entity's shares from an exchange a company is required to buy back the shares that are held by their investors and convert the company to a private entity from a public entity.  If circumstances are such that the company files for bankruptcy then it becomes a matter between the bankruptcy court, the company and the investors should the investors wish to file a suit against the company to recover at least some of what they had invested in the company but usually the only ones that may benefit from a class action suit against a company are it's largest shareholders.  Retail investors usually ge the short end of the stick and those that provided loans to the company take precidence over shareholders unless the shares held are prefered shares.  Those that hold common shares have the misfortune to have to fight over what ever moneys may be left after the creditors take their share of existing available funds when the company is wound up.  I would definitely like to hear some news from the LOTO board as to the status of the company, soon.  If the company is to be wound up then I hope they get it done soon so I can get the shares deleted from my account.  If they have finally got things nearly sorted out with regulators and Bravio's management as to the unwinding of the RTO let us know.  If things are finally sorted out to the better, let us know what the plan is.  Is the company going to be returning to the public exchanges in a revamped, reorganized and renamed format with new financing or in it's orignal format?  I guess, for now, we continue to stumble along in the dark waiting patiently to see what comes next for us, if anything.
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