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One reason is that they had to amortize the "losses" of writing off the value of the spin-off assets. If you compare this quarter's "net loss" with the amortized value of those assets, the company actually made ~$350k net profit this quarter. Next quarter it'll be an excellent PR that "net income grew by <X>", which will essentially be doubled due to this quarter's one-time write-off. It should look especially juicy- I hope someone from the company realizes this and PRs it.
That's one reason. Another is that it's been quiet since the merger and the spin-off is taking forever. Another is that there's a dude with 1.8m shares worth of convertible preferreds that it looks like they may be forcing to convert and sell them at the bottom.
That's a few ideas- whattya think? But quiet, boring, profitable pinks are inevitable winners. I don't mind being patient.
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Hey shift I stopped listening to him years ago.
But for real I know the company is legit and making money. Why is this only a penny then? You don’t get many established businesses that are profitable so I ask again why is this stuck at a penny?
To be clear, which part of this company is a scam? Is it their 30 year history of dedicated sales, service, and installation of garage doors? Is it that the half million customers they've serviced were provided scam services? Is it their 6-month $10.651M of revs against $6.595M cogs thru June 30, 2024 which is a scam?
Or maybe it's their website www.mesagaragedoors.com which is a scam? Or maybe their headquarters and showroom information that is a scam? Or is it their hours of operation which are a scam? Or their phone numbers which can be called at any time to verify their operation which are a scam?
Not sure where the scam is here, exactly. Please let us know what is scammy about this company.
You either don’t know this company’s history or you work for them. My guess is the latter. BCKE was a new company too. So was Attis as well as Fortune N&G. The list goes on and on.
I reached out, I want size
Lots of potential and it’s cheap But company hasn’t done anything yet to increase shareholder value
Buying some MHRE tomorrow morning. Put in the required DD and feel comfortable doing so.
What makes you say this is a scam? New company now with a thirty year history and an A+ rating BBB???
Just trying to figure out what they are going to do here. They went public out out 2 prs 4 months ago and went dark????
Somehow “I told you so “ doesn’t seem to be quite enough! The only thing missing now is the reverse split.
Scam stocks and their salespeople try to make you think that there is a silver (or gold) lining in every dark cloud so you’ll buy more of their worthless paper hoping they’re right.
Keep on getting cheap stock here!!!
Form 1-A and other documents filed for Fortune Nickel & Gold.
https://www.sec.gov/Archives/edgar/data/2017998/000165495424009901/0001654954-24-009901-index.htm
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Market Makers are messing around with the price on this one. Keep buying on the bid here...
Definition of pathetic:
Trying to keep stock prices up by making a 0.000001% trade of 100 shares at the last minute while 122k shares traded in the red.
Thanks for proving my point.
HTSC literally does not exist. It is now 100% Mesa. Fortune assets were even spun out.
If it wasn't so pitiful, it would be funny. It’s hard to believe that a reputable company like Mesa garage doors would allow themselves to be associated with such a scam as HTSC.
If it wasn't so pitiful, it would be funny. It’s hard to believe that a reputable company like Mesa garage doors would allow themselves to be associated with such a scam as HTSC.
It says two controlling shareholders. They own over 1 billion.
Hey Bud just curious I saw the pr mentioning cancellations but where did you get 1 billion shares
Canceling the 1 billion+ shares along with announcing expansion beyond garage doors, could send this to all time highs.
MHRE looking good this morning.
Thanks for the cheap stock. I think someone added an extra .000 on that sell order. LOL
Oooof...someone's stop loss just got them hosed.
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Mesa Home Resources Announces Successful Spinoff of Fortune Nickel and Gold Inc.
https://www.otcmarkets.com/stock/MHRE/news/Mesa-Home-Resources-Announces-Successful-Spinoff-of-Fortune-Nickel-and-Gold-Inc?id=438916
Nice Volume and Bid Support!!
Very bright future for MHRE!!!
New name!
Same old fake trades!
Same old fake stock!
Same old NASDAQ story to be followed by a reverse split to devalue common shares to nothing. Look up the history of this scam company and you’ll see history repeating itself………again!
Looks like they are doing the right things to start, lets hope it will continue.
At least OTCBB and penny stock exempt.
Not a bad start.
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Insiders own like 1.5 BN of the 1.6 BN o/s. Depends on how much they cancel.
Am i reading it correctly? They are saying they are going to try to get to NASDAQ or NYSE without doing a R/S? That is great to hear, although I won't hold my breath on the them getting off of OTC.
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Mesa Home Resources Inc. Lays Foundation for Strategic Growth and Discusses 2023 Financial Highlights
Great News out on MHRE today!!!
I think the spinoff shares are coming my account is showing new shares coming in
https://www.mesagaragedoors.com/
Great Website!!!!
I hope i can get some more stock below a nickel here. Mesa Garage Doors is a great acquisition target.
Good stuff. Looks like they didn't want to PR it on a friday; not mad about it.
Next week is shaping up to be real fun. This is my first RM --> spin-off play, it should be a good learning experience.
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Keep on accumulating while you can at these prices.