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I'm glad you agree.
Public companies sell shares. That's what they do.
I've never heard of a private individual selling shares. Can you explain what you mean here?
Also, it is rather contradictory to claim on the one hand that McCusker (an individual, which already renders this claim fictitious) sold shares to pay off his debt, and to make a rather mutually exclusive claim that McCusker (same individual who you claim used public funds to pay off debt) is now bankrupt due to same debt?
Wait is this like debt 1 and debt 2? Is there a debt 3 we should know of? Like return of the debt?
Yes. It just had a symbol change.
What was its symbol prior to this "simple" symbol change?
Precisely!
Many will hesitate here and miss an epic run.
It is really a no brainer. Going from dead shell to millions of dollars in revenues and still valued below shell?
Once the word gets out and we update the ticker to current, this will obliterate 52 week high.
Agreed.
We are just getting started.
PR is in ibox DESPITE personal opinions.
Brilliant!
GO $MHHC!
Sure.
FINRA's opinion on the efficacy of the filings are reflected in their decisions to accept or reject said filings.
All else, IMHO, is pure speculation.
Agreed.
This is set to fly.
Many here will be left chasing.
False.
Facts are contained in company filings with FINRA, otc, and other avenues which can be verified.
Do you know the current share structure?
What debt?
Link?
Based on what information?
What is the current share structure?
What was your initial justification for this stock?
What changed?
Interesting concept. Can anyone post a link to recent PR?
Good call.
What's the pop here today?
Link to PR?
You don't say.
Next stop will be to bring down the stop sign.
Expected updates from $MHHC:
What is this all about? What is MHHC and why did they go through a name change?
Good questions. Let's see if we can't take a walk down memory lane
1. Who/what the heck is McCusker Holdings Corp
$MHHC is a "holding" company. What's a "holding" company you say? Good question. I just so happen to have the answer. Let me tell you about holding companies:
Broadly defined, a holding company is a company that doesn’t have any operations, activities, or other active business itself.
Instead, the holding company owns assets.
In fact, many of the most successful companies in the world are really holding companies. Verifiable examples (look at their stock history and salivate at the gift you are literally being handed based on MHHC's current stock price):
- Johnson & Johnson (yes, it is nothing but a holding company).
- Sears Holding Corporation (Nasdaq:SHLD. SHLD. )
- Hertz Global Holdings (NYSE:HTZ. HTZ. )
- Berkshire Hathaway (NYSE:BRK.A. BRK.A. )
- Humana Inc. ( NYSE:HUM. HUM. )
- WellPoint, Inc. ( NYSE:WLP. WLP. )
- Citigroup (NYSE:C. C. )
- Americredit Corp. ( NYSE:ACF. ACF. )
- The St. Joe Company (NYSE:JOE. JOE. )
As previously stated, the holding company owns assets.
These assets can be shares of stock in other corporations, limited liability companies, limited partnerships, private equity funds, hedge funds, publicly traded stocks, bonds, real estate, song rights, brand names, patents, trademarks, copyrights, or virtually anything else that has value.
For example, one of the most respected blue chip stocks in the world, Johnson & Johnson, is really a holding company. The firm itself, in which you are buying shares when you acquired stock, doesn't actually do anything in the sense that people think it does. Instead, as a result of its complex history, Johnson & Johnson holds ownership stakes in 265 separate, individual businesses the same way you might own shares of different businesses through a brokerage account.
Why is this important? Holdings companies grow in value through M&A (mergers and acquisitions). M&A is very often executed through restricted shares (hence increases in AS is actually a sign of growth).
What is the difference between your typical penny stock float/AS increase and a typical holdings company increase? Most of the former try to generate capital to execute/run operations by dilution or increasing AS. A holding company has no desire or technical need to do so. They do nothing but acquire and run other companies. That's it. And that's what the shares are for.
2. Okay. Great. But this stock previously listed as Oceanic Research & Recovery inc. which was subject to lawsuits and many scams.
Why is it listed as $MHHC? Does a change in symbol/name change any of that?
Very good questions indeed.
What we have here are the final stages of what is essentially the end of a lengthy but brilliantly orchestrated process of going public via the "Reverse Merger" route. The alternative process, IPO, is well known but has its disadvantages.
The pros and cons of both processes are discussed in detail here:
Reverse Mergers
Alternatively, you can download a PowerPoint deck describing the ways in which you can go public, along with pros and cons. NOTE all the cons listed. This gives you an idea of all that could have delayed or prevented the process (which Frank and the MHHC team have successfully completed).
Consummating a Reverse Merger - Ellenoff Grossman & Schole LLP (link downloads a ppt)
So the stages for going public through Reverse Merger are summarily as follows:
Phase One: Company Internal Preparation
Phase Two: Due Diligence and Negotiation of Acquisition Terms
Phase Three: Closing the Reverse Merger
Phase Four: Name/Ticker symbol change
As you guessed, we are in the final stage of the merger and the beginning of, IMHO, good things.
3. Wow. So this is my opportunity to get in early and buy a stake in a valuable holding company while it is still cheap. But why MHHC? Why should I buy this stock now at this price and not wait.
Well my friend, the answers are plenty. The primary factors you have to consider are that valuation (i.e. the current price as of closing yesterday, and perhaps for the past several months, are the price of a dead nonexistent shell with the 'potential' of becoming $MHHC, a revenue generating juggernaut. At these levels, the only way forward is up IMHO. Secondly, you have to consider comps. What are other holding companies given the current revenues trading at. What is the fair value given the estimated float of the company, and what are the multipliers for this type of industry? This and other due diligence has been posted on this board and will likely be reposted again.
Final word:
As with all financial decisions, think it over, develop your strategy and buy according to your risk tolerance. As in all things, an investment is always a risk. But it is my humble opinion, that baring natural disasters and catastrophes, this company, under the leadership of Frank Hawley, has demonstrated grit, determination, professionalism, and dedication, that should leave any investor confident in the future of this enterprise. I can't see the future, but I imagine it is bright for $MHHC!
What exactly can you do?
Shouldn't the goal that's been sought after for the greater part of a year be in the ibox?
You keep talking about the sticky. If Willards personal bankruptcy is worthy of being on the ibox, are you seriously telling us that the official name change of the company is not worthy of being put on there?
Nonsense.
Nothing is going to stop our run into pennies here.
GO $MHHC!
OLYMPIA, WA, Nov. 14, 2017 (GLOBE NEWSWIRE) — McCusker Holdings Corp (OTC: MHHC) a leading national provider of help desk and warranty insurance is excited to announce the completion of the FINRA Corporate Action that establishes new corporate name McCusker Holdings Corp and our new stock symbol “MHHC”. With our new presentation to the market, McCusker Holdings Corp is rolling out a new corporate vision and strategy. These changes are all a part of new CEO Frank Hawley’s vision that he recently told shareholder earlier last month.
I believe that is the general idea.
$MHHC will be testing 52 week high soon.
How does this prevent you it any of the mods from putting this on the ibox? You seemed to have little difficulty putting up Will's personal bankruptcy there in super size. Why is the name change PR not there?
Why isn't this in the ibox?
Nah. Was playing along elaborating on the irony of it all. I mean the 5yrs part kinda gave it away.
I completely agree with this.
Review? It is a press release directly from the company. What do mods get to review? Whether or not the company announcement of completed corporate action is valid?
Just got off the phone with E*Trade corporate action team. After indicating that I have filed and will actively push for an official inquiry into the inconsistency in their account of why many are unable to buy and sell $MHHC, they switched their story from "we have not received the shares" to "they just arrived an hour ago."
For those trading on E*trade platform, converted ORRV->MHHC shares should be tradable tomorrow without issue.
I believe the issues with TD Ameritrade (and Scott) have been resolved as well.
The STOP sign is the next corporate action, which updates will be shared on this board as soon as it becomes available.
GLTA!
What is this all about? What is MHHC and why did they go through a name change?
Good questions. Let's see if we can't take a walk down memory lane
1. Who/what the heck is McCusker Holdings Corp
$MHHC is a "holding" company. What's a "holding" company you say? Good question. I just so happen to have the answer. Let me tell you about holding companies:
Broadly defined, a holding company is a company that doesn’t have any operations, activities, or other active business itself.
Instead, the holding company owns assets.
In fact, many of the most successful companies in the world are really holding companies. Verifiable examples (look at their stock history and salivate at the gift you are literally being handed based on MHHC's current stock price):
- Johnson & Johnson (yes, it is nothing but a holding company).
- Sears Holding Corporation (Nasdaq:SHLD. SHLD. )
- Hertz Global Holdings (NYSE:HTZ. HTZ. )
- Berkshire Hathaway (NYSE:BRK.A. BRK.A. )
- Humana Inc. ( NYSE:HUM. HUM. )
- WellPoint, Inc. ( NYSE:WLP. WLP. )
- Citigroup (NYSE:C. C. )
- Americredit Corp. ( NYSE:ACF. ACF. )
- The St. Joe Company (NYSE:JOE. JOE. )
As previously stated, the holding company owns assets.
These assets can be shares of stock in other corporations, limited liability companies, limited partnerships, private equity funds, hedge funds, publicly traded stocks, bonds, real estate, song rights, brand names, patents, trademarks, copyrights, or virtually anything else that has value.
For example, one of the most respected blue chip stocks in the world, Johnson & Johnson, is really a holding company. The firm itself, in which you are buying shares when you acquired stock, doesn't actually do anything in the sense that people think it does. Instead, as a result of its complex history, Johnson & Johnson holds ownership stakes in 265 separate, individual businesses the same way you might own shares of different businesses through a brokerage account.
Why is this important? Holdings companies grow in value through M&A (mergers and acquisitions). M&A is very often executed through restricted shares (hence increases in AS is actually a sign of growth).
What is the difference between your typical penny stock float/AS increase and a typical holdings company increase? Most of the former try to generate capital to execute/run operations by dilution or increasing AS. A holding company has no desire or technical need to do so. They do nothing but acquire and run other companies. That's it. And that's what the shares are for.
2. Okay. Great. But this stock previously listed as Oceanic Research & Recovery inc. which was subject to lawsuits and many scams.
Why is it listed as $MHHC? Does a change in symbol/name change any of that?
Very good questions indeed.
What we have here are the final stages of what is essentially the end of a lengthy but brilliantly orchestrated process of going public via the "Reverse Merger" route. The alternative process, IPO, is well known but has its disadvantages.
The pros and cons of both processes are discussed in detail here:
Reverse Mergers
Alternatively, you can download a PowerPoint deck describing the ways in which you can go public, along with pros and cons. NOTE all the cons listed. This gives you an idea of all that could have delayed or prevented the process (which Frank and the MHHC team have successfully completed).
Consummating a Reverse Merger - Ellenoff Grossman & Schole LLP (link downloads a ppt)
So the stages for going public through Reverse Merger are summarily as follows:
Phase One: Company Internal Preparation
Phase Two: Due Diligence and Negotiation of Acquisition Terms
Phase Three: Closing the Reverse Merger
Phase Four: Name/Ticker symbol change
As you guessed, we are in the final stage of the merger and the beginning of, IMHO, good things.
3. Wow. So this is my opportunity to get in early and buy a stake in a valuable holding company while it is still cheap. But why MHHC? Why should I buy this stock now at this price and not wait.
Well my friend, the answers are plenty. The primary factors you have to consider are that valuation (i.e. the current price as of closing yesterday, and perhaps for the past several months, are the price of a dead nonexistent shell with the 'potential' of becoming $MHHC, a revenue generating juggernaut. At these levels, the only way forward is up IMHO. Secondly, you have to consider comps. What are other holding companies given the current revenues trading at. What is the fair value given the estimated float of the company, and what are the multipliers for this type of industry? This and other due diligence has been posted on this board and will likely be reposted again.
Final word:
As with all financial decisions, think it over, develop your strategy and buy according to your risk tolerance. As in all things, an investment is always a risk. But it is my humble opinion, that baring natural disasters and catastrophes, this company, under the leadership of Frank Hawley, has demonstrated grit, determination, professionalism, and dedication, that should leave any investor confident in the future of this enterprise. I can't see the future, but I imagine it is bright for $MHHC!
Why isn't the recent PR on the splash page of this board.
The company literally just announced FINRA approval through PR.
Can the mods on this board please update the splash to include the companies latest PR?
Agreed.
It is news pertinent to the stock.
It really is a lack Friday sale at these prices.