WS Record
3 years ago
Dear Shareholders:
Many have voiced concerns they were not notified of the Special Shareholder Meeting, held August 31, 2021.
Mr. Nordstrom actively blocked the meeting.
Our Bylaws and Oregon State law require the "company", (John H Nordstrom & Dennis Schrage, Chairman) to notify shareholders when a Special Shareholder Meeting is called by at least 10% of the shareholders.
Mr. Nordstrom refused access to Founder Grant C Record, and major shareholders to the shareholder list, and notified Continental Stock Transfer & Trust NOT to release the shareholder list to ANYONE, in violation of the law and the bylaws, and refused to notify shareholders, which was their duty.
It is not the duty (nor could we) notify shareholders properly, since that was the duty of the Company, and we had no way of obtaining an accurate shareholder list.
However, we held a valid shareholder meeting, we are in position to move ahead.
I apologize to those who were not notified, since that was simply not possible.
ScottRecord@LEEPinc.com
(208)320-8786
WS Record
3 years ago
When I said "LEEP will live on, just not in its present form", I meant the stock was going to be delisted.
It was delisted.
Mr. Nordstrom has been indicted, and although Judge McShane in the Eugene District Federal Court ruled the Special Shareholder Meeting was valid (of course it was valid), Mr. Nordstrom has still not turned over corporate records.
Without records, we don't know who our customers are.
We don't know where our inventory is.
We don't know who has the accounting after 2013.
Getting the company upright will take a massive effort, for which I am presently committed.
Notwithstanding the mixed bag, LEEP is changing direction.
We will be IP driven, and there will be a reimagining of products and customer targets to reflect a changed world.
We don't plan to issue many press releases, since the company must be producing a product at a profit in order for it to be healthy, and we are not there yet.
When I said not in present form, I meant with myself as CEO, everything will change.
There likely will not be many updates here, since I am not interested in pumping the share price, even when we do get fully reporting again.
The stock price will be tied exclusively to the companies financial health, and not hype.
Scott Record, CEO
ScottRecord@LEEPInc.com
(208)320-8786
WS Record
3 years ago
On August 31, 2020, Shareholders held a Special Shareholder Meeting to replace Directors John H Nordstrom and Dennis Schrage. Over the past year, Mr. Nordstrom fought our efforts but on October 14, 2021, a Federal Judge agreed the Shareholder Meeting was legitimate, and granted control to the new Directors.
Working to bring LEEP current are:
Russell (Ty) Adams III, (son of previous Director Russ
Adams and shareholder)
Edward (Ned) Brown II, (major shareholder)
Edward (Ed) Brown I, (major shareholder)
Melanie Praag Record (wife of Founder Grant Record and
shareholder)
Ines F Crespo, Secretary (shareholder)
LEEPโs new CEO is W Scott Record, son of Founder Grant Record.
On August 4, 2021, Mr. Nordstrom was indicted on 7 counts of wire fraud, and one count of money laundering.
We are aware how misled and stonewalled you may have been over the past 15 years - we ourselves are still sifting through years of secrecy and dereliction. We are in a state of discovery as we continue to hold Mr. Nordstrom accountable and would appreciate information regarding past dealings people have had with Mr. Nordstrom, Mr. Schrage or Mr. John Williams. Anything will be helpful.
LEEPโs patents are expired but Scott has new patents to revolutionize SIP panel technology. The company will be driven by an R&D team and intellectual property will be our life-blood. Innovations surrounding this technology are still unexplored, and Scott and the team have ideas to disrupt markets in a variety of sectors.
This battle has been hard fought. Call anytime to find out how you can help! Communication will be a priority on our watch.
Thank you.
W Scott Record, CEO and the LEEP Board of Directors
(208)320-8786
LEEPInc.com
DarkLady
3 years ago
Be aware guys:
Quote:
We recently sent you a communication about new regulatory requirements, effective September 28, 2021, that will impact the market for, and value of, certain OTC securities classified as "Pink No Information," "Grey Market," and "Expert Market" OTC securities.
We are updating that communication to tell you that on Monday, September 27, 2021, all GTC orders to close positions in Pink No Information, Pink Limited Information, Grey Market, and Expert Market OTC securities will be canceled, regardless of when those orders were entered. You can then re-enter your closing orders on September 28, 2021, using an updated order entry ticket, which will ask you to attest that you are not an affiliate, control person, or insider, and that your order is unsolicited. Opening orders in these securities are no longer accepted at E*TRADE.
Please visit OTC Markets Group's website to see if any OTC securities you hold are currently categorized as Pink No Information, Pink Limited Information, Grey Market, or Expert Market securities.¹
See the links below for more information about these changes and how they might affect you:
Understand the SEC amendments for OTC securities
Learn more about quotations for OTC securities
As always, thank you for choosing E*TRADE. It is our privilege to serve you.
DarkLady
3 years ago
Be aware guys:
Quote:
We recently sent you a communication about new regulatory requirements, effective September 28, 2021, that will impact the market for, and value of, certain OTC securities classified as "Pink No Information," "Grey Market," and "Expert Market" OTC securities.
We are updating that communication to tell you that on Monday, September 27, 2021, all GTC orders to close positions in Pink No Information, Pink Limited Information, Grey Market, and Expert Market OTC securities will be canceled, regardless of when those orders were entered. You can then re-enter your closing orders on September 28, 2021, using an updated order entry ticket, which will ask you to attest that you are not an affiliate, control person, or insider, and that your order is unsolicited. Opening orders in these securities are no longer accepted at E*TRADE.
Please visit OTC Markets Group's website to see if any OTC securities you hold are currently categorized as Pink No Information, Pink Limited Information, Grey Market, or Expert Market securities.¹
See the links below for more information about these changes and how they might affect you:
Understand the SEC amendments for OTC securities
Learn more about quotations for OTC securities
As always, thank you for choosing E*TRADE. It is our privilege to serve you.
WS Record
3 years ago
Yes.
We are going to be de-listed.
If I were able to do anything about that, I would.
But since the SEC has locked the CIK, I can't.
There will be a ruling from the Court in Eugene Oregon probably within the next 6 weeks.
But it will be too late for us to get current.
You can blame someone else for that.
In any event, LEEP will live on, just not in it's present form.
My offer is to buy back stock.
If anyone wants to sell it after we are de-listed, I will be interested.
Thanks,
Scott Record,
LEEP, Inc.
(208)320-8786
DarkLady
3 years ago
This may affect Leep:
pdated SEC rules for over-the-counter securities
New regulations will affect your ability to buy and sell โPink No Information,โ โGrey Market,โ and โExpert Marketโ Over-the-Counter (OTC) securities, including at E*TRADE.
On September 28, 2021, new amendments to Rule 15c2-11 under the Securities Exchange Act of 1934 take effect that will impact the market for certain OTC securities classified as Pink No Information, Grey Market, and Expert Market OTC securities (collectively, โImpacted OTC Securitiesโ). These rule changes prohibit broker-dealers, like E*TRADE, from publishing bid/ask quotations of companies that fail to publicly report and keep current financial and other company information. The amendments also restrict the ability of retail investors to open new positions in Impacted OTC Securities.
What these rule changes mean for you
After Friday, August 27, 2021, E*TRADE customers will no longer be able to buy Impacted OTC Securities through E*TRADE. E*TRADE will restrict new buy orders in Impacted OTC Securities prior to the regulatory enforcement date, as it may become more difficult to liquidate such securities after the compliance deadline. While E*TRADE will accept closing orders to liquidate positions in these securities after the amendment goes into effect on September 28, 2021, it may be more difficult to sell these securities, as quoting and market liquidity may be very limited. The following restrictions will apply to any closing order for Impacted OTC Securities:
You must not be an Affiliate, Insider, or Control Person of the company
Only limit orders will be accepted
Quotes for the security will not be available
DarkLady
3 years ago
Better be careful, guys. There's been no activity for so long.
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.