PE pennies

[db7]

I don't think I've really ever said, 'I'm pounding the table' on a play.....

Dare I say, I'm pounding the table 'right now' on MG_HL (last .15, current spread is .15x.55)

BigBrother, I know you are quite familiar with the play but for others I'd recommend looking at the mg_hl board for more details but a quick summary:

-Shell/holding company seeking acquisitions.

-The number of outstanding shares of the Registrant's Common Stock was 3,359,055 as of February 17, 2016

-Mario J. Gabelli 885,844 (2) 26.4%

-LICT Corporation 235,294 (1) 7.0%

-"Jonathan P. Evans Joins as Chief Executive Officer
RYE, New York, October 22, 2012 – (OTC: MGHL) Morgan Group Holding Co. is today announcing that Jonathan P. Evans has been appointed as the Company’s Chief Executive Officer, effective November 1, 2012. In the position he replaces Mario J. Gabelli, who remains non-executive Chairman after more than ten years of service in the role, for which he received no salary or fees. Mr. Evans also has been elected to the Board of Directors.
"

-Jonathan P. Evans:
https://www.linkedin.com/in/jonathan-evans-7617911?authType=NAME_SEARCH&authToken=aQCY&locale=en_US&srchid=363323761447864214219&srchindex=3&srchtotal=14&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A363323761447864214219%2CVSRPtargetId%3A4917241%2CVSRPcmpt%3Aprimary%2CVSRPnm%3Atrue%2CauthType%3ANAME_SEARCH

-Evans and Dolan had options to buy stock at .15 which they let expire. They're remaining skin in the game are $1 warrants:
"Also on December 21, 2012, the Company issued a warrant to purchase up to 1,000,000 shares of the Company’s Common Stock at $1.00 per share to Jonathan P. Evans in exchange for $10,000, which was received in 2013. In addition, on that date, the Company issued a warrant to purchase up to 200,000 shares of the Company’s Common Stock at $1.00 per share to Robert E. Dolan, Chief Financial Officer of the Company, in exchange for $2,000. Both warrants are exercisable currently through December 21, 2017"


I was thinking about this play last night and I came to the conclusion this one is 'very' different than most. Evans isn't a shell player/promoter looking for anything to vend in, take his cut and move on to the next. He has something to prove here and has been looking for the right target for years now.
I have been in this play since around the time Evans took over the ceo role and have an avg of .2685.


All of the above being said, one then also has to consider the recent 'evidence' if you can call it that of it being done or close to done.. ie: website being updated on 6/21 and Evans linkedin making mention to: "Completely developed and implemented entire M&A process including Sourcing, Diligence and Execution."

In summary, 'I think' that this will be one of the better reverse-mergers AND I think it's going to be 'soon'


Obviously, not a recommendation to buy or sell.. do your own DD..etc...etc...etc. I will be the 1st to say that it can be very illiquid but I think one 'might' be able to get in somewhere in the .20s?

my avg is: .2685


Good luck!!