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Still haven't answered the questions. Their drugs are patented by their approved patents...And obviously not generic drugs as in copies...so tell us how these basically generic drugs are going to fail, especially since they have basically already passed.
Dr L - Serious questions
If you can not tell me what the patent is rejected for, and why there is something to worry about in the trials for a basically generic drug, it is pretty obvious that long term investors are going to do very very well here. I think you have pretty much confirmed that here.
So it doesnt matter what it was for or about but it is funny? So tell us what this patent was about then otherwise it obviously doesnt mean anything and not sure how it was funny.
So why would the drug trials fail? What is it about Elite's essentially generic drug that would cause it to fail?
LOl. One of many already approved. CEO just bought 700k shares...
Want to hear something funny? Why don't you tell us what this patent was for....lol
Name one that was rejected where the two components were separated....The problem with Embeda aside from the fact that they can't seem to manufacture it which is pretty funny too is that it is at the core of the pill. So you would need to see that it was effective and relieved pain especially considering that it doesnt seem to work...
What exactly are you going to prove with an efficacy test for Elites drug? That opioids relieve pain....duh
That Naltrexone beads arent released? Already did that in the current trials.
And here is the funny part. Even if they did require an Efficacy trial. Big deal. It will pass anyway. Seems we all agree on that too.
Efficacy data on generic pain meds? lol
If it has worked for 100 years what efficacy do you want to see? LOL LOL
Yes the CEO speaks and buys crap tons of shares...lol lol
Except for the evidence as noted by the discussions with the prospective partners...lol lol...and details around those partners...lol..lol
Nah....We all know. So does Nasrat...
LOL-CEO who has tons of shares just bought another 700k shares on the open market...lol...
We all know these generics are going to get approved...We all know it too...lol
Really you agree they are going to vote for AS increase when they don't have the votes? lol
You believe that TCA is the big diluter....when they just told you today that TCA is closed...lol
But you keep believing...lol
Sell and or short shares into the bid. Load up the ask, misinformation abounds.....so many concerned about my trading...lol
Dilution is pretty much over for the time being. Read todays PR for facts...
Anyone can make the chart look like whatever they want...
If I listened to people about charts I would have about 500k less dollars...lol
It is called naked shorting by overseas entities....take a look around....Lots of misinformation today.
Read todays press release
TCA is closed. That was in todays PR....come on man
hahahahaha...come on man.....Dilution is pretty much over. Acquisition is about to be announced. 3 more acquisitions are closing on negotiations.
You cant have it both ways and say they OS is 800m and then say they own a majority when obviously they would only own about 10% at best....Of course it is not anywhere 800m, the prefered statement is simple made up BS....At least stick to the facts and logic.
In case anyone was wondering. Acquisition news is immenent. Read todays Press release. The current Convertibles are about over and the the company EBITA went from negative three million to positive 1.7m but really the big pieces are revenue, earnings, end of current CDs and 4 acquisitions...
A lot of traders working this one as usual...
ANAHEIM, CA -- (Marketwired) -- 09/30/14 -- M Line Holdings, Inc.(MLHC) ("M Line" or the "Company") is a leading provider of Products, assemblies and services to the precision high tech segment of both the aerospace and medical industries as well as selling high end pre-owned Japanese Computer Numerically Controlled ("CNC") Machine Tool Equipment with key customers that include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and a strategic alliance with Structural Integrity Engineering.
M Line (MLHC) today announced its preliminary results for the year ended June 30, 2014. The preliminary results show revenues of $10,800,122 for Fiscal 2014 compared to $9,324,685 for Fiscal 2013 an improvement of almost 16%. The results reflect EBITDA of $1,706,243 compared to EBITDA of ($3,611,109) in Fiscal 2013 a massive improvement of $5,317,352. The final profit shows results of ($750,157) after taking into account non cash derivatives, non recurring costs and also reflecting additional costs that occurred since the year end relating to the settlement with TCA. These unusual and extraordinary costs total almost $2,000,000 and were not reflected in our original forecast nor were the costs associated with the move to our new facility. Further a capital commitment was not effected during this period which would have absorbed the added costs. Without these costs and the loss of the capital commitment we would have achieved our forecast.
M Line (MLHC) is also pleased to announce support from one of its key customers that is assisting M Line's(MLHC) cash flow by supplying some expensive raw materials. This shows the continuing commitment from M Line's(MLHC) customers.
Over the last few months some of the financing of the Company has been achieved using time convertible debt. This debt has unfortunately resulted in many more shares being issued than expected but is close to being complete. However, in order to satisfy the just concluded settlement agreement with TCA, M Line(MLHC) must refinance using time and price deferred convertible debt, on which it is currently working with several sources indicating positive interest. Although this strategy is necessary at this time, we expect a lesser effect on dilution and thus less pressure on the market capitalization value.
Because of the time involved in completing a settlement agreement with our current primary Lender, our acquisition strategy is taking a little longer than expected with the first closing imminent and negotiations on the next three acquisitions very close to completion. M Line(MLHC) will be a totally different Company during Fiscal 2015 with much greater revenues and EBITDA.
Bruce Barren, CEO of M Line(MLHC), commented, "We are continuing to move forward with our Business Plan. Our preliminary results for Fiscal 2014 were very close to forecasts, a significant feat for our company when one takes into account the booked expense charges incurred with our current Primary Lender. Management has the same objective as you, our shareholders, in that we are continuing to formulate our growth with more plans for expansion during 2015 and to increase Shareholder Value. Stay Tuned."
Tony Anish, COO of M Line(MLHC), commented, "We recognize the weak market cap of the Company. M Line(MLHC) has been in business for over 12 years and has lived through difficult financial times. This Board is leading the Company back to profitability and growth. Very few Companies of this size are able to arrange acquisition financing or to negotiate the transactions in the manner that we have and most of all we have done this with very little funding. Your Board will continue to improve Company revenues and profitability, increase market awareness and in so doing increase Shareholder Value. Keep watching our Company as we have barely started yet."
For more information on M Line(MLHC) see our web site at www.mlineholdings.com
Safe Harbor and Informational Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For further information contact
Tony Anish
tony@mlineholdings.com
How do they control voting rights? And I bet you are not even close at 850m. I know many are selling into the bid and that conversions are pretty much over.
Need a vote to increase it again I believe. But we will get the real numbers soon enough. I do not believe it is anywhere close to 1B shares though some would probably like you to believe that....lol...And if conversions are ending as noted today, then they are ending....and then acquisition news but like you I am holding plenty of shares.
CEOs resume - ridiculous
Bruce W.D. Barren is Group Chairman of The EMCO/Hanover Group, which, since its inception in 1971, has concluded more than $3+ billion in financial transactions worldwide as international merchant bankers, representing more than 1,000 separate corporate transactions. Mr. Barren specializes in matters attendant to the senior management decision process, including those relating to executive and employee compensation, wrongful terminations, board representation, operating management, planning, financial administration, short and long-term debt and capital involvement, including capital sourcing, encompassing all types of investment requirements - business turnarounds, capital restructuring and merger/acquisition, plus foreign licensing along with corporate valuations for cash/ collateral purposes under the U. S. Bankruptcy Act and separately, for estate planning - including tangible and intangible assets. Mr. Barren has personally been involved in more than 200 business turnarounds and emerging businesses, worldwide representing more than $1 billion in annualized payroll.
Mr. Barren has been honored on more than 60 separate occasions by: the Governors of the Commonwealth of Pennsylvania plus New York and New Jersey (in addition to their respective U.S. Senators) along with the Governors of Kentucky and Tennessee. In California, he has received commendations from various municipal and county governments as well as its State Assembly, Senate, Offices of the State Treasurer, Controller and several Governors plus by Washington, the Peoples Republic of China and the Central American Parliament..
A Cross-section of Selective Awards Images.
As part of these accolades, Mr. Barren has also received more than a dozen individual U.S. Congressional Tributes, both from the U.S. Senate and House of Representatives, including one in 1990 from then Congressman Christopher Cox - subsequently the 28th Chairman of the Securities and Exchange Commission. In 1989, Mr. Barren was honored with a commemorative from President Ronald Reagan. Further, between 2000 to 2005 he received letters of commendation from then President Clinton and Vice President Al Gore plus President George W. Bush and Vice President Richard Cheney along with then U.S. Senator Hilary Rodham Clinton (subsequently appointed in 2009 as the U.S. Secretary of State under President Obama) for his then 35+ years of service to the country, various states and their respective community.
Under EMCO/Hanover's Executive Loan Program, Mr. Barren has assumed a number of senior on-line managerial positions, ranging from small- and medium-sized companies to those in the multi-national marketplace. Under this program, Mr. Barren has acted as: a Chief Executive Officer on a motorcycle manufacturer and a President of a satellite microwave equipment manufacturing company – both for separate venture capital firms then located in New York City; a Chief Executive Officer of a California bank under FDIC approval; President of a HMO medical provider, with 23 offices in Southern California, under the State of California, Department of Insurance's approval; Chairman of a printing/graphic design business and as a Chief Executive and Administrative Officer for various companies in the construction/ real estate industry, both commercial and residential.
From 1959 to 1962, Mr. Barren was an Executive Vice President and Board Member of a multi-national industrial processing and chemical company, which he was forced to assume while he was in college, following the death of his father. Other prior experiences included an association with Price Waterhouse (1963-1967) where his responsibilities were directed primarily to client marketing-related problems at the chief executive officer level, involving such companies as Paramount Pictures, Saab Motors (Sweden) and Electrolux.
Between 1968 and 1971 Mr. Barren was a member of several Securities and Exchange Commission (SEC) regulated investment banking firms, first as a Vice President at Walston & Co., Inc. and then as a Director/ Senior Vice President of Delafield Childs, Inc. Both were then located in New York City. Since then, he has been advisor to a number of other SEC regulated firms (Bregman Securities, Jesup & Lamont plus Birr Wilson); Hill Samuel & Co. Limited US operations, then headquartered in New York City, which in 1987 was acquired by TSB Group PLC.; and in the late 1980’s to Transatlantic Capital Bio-Sciences Fund (London, England) - a “first-stage”, medical bio-sciences venture fund, whose investors included Johnson & Johnson International and Fison Pharmaceutical.
In 1971, Mr. Barren became a Senior Vice President for an AMEX publicly-traded printing services company which also controlled a related company, listed in the Over-the-Counter Marketplace. Currently, Mr. Barren continues to act as an advisor to a variety of companies, engaged in a diversity of business – worldwide, including having served as the designated Chairman of the Executive Committee in 2005-6 for a U.S. publicly held company, with two mandates from the Peoples Republic of China (PRC): to upgrade its Level II hospitals and to introduce the concept of Assisted Care Living.
From 1985-87, Mr. Barren acted as Chief Executive Officer and Vice Chairman of a $200 million multi-national transportation services company operating in some 40 different countries involving Europe along with North, Central and South America, plus Africa and the Middle East in addition to the Far East prior to its acquisition by a foreign corporation, In 1990-91, he was appointed Chief Executive office for a $900 million revenue-based company operating throughout North America, Korea and England. From 1993 to 1996, Mr. Barren initially acted as an advisor and then became the Chief Executive Officer for an aerospace company in order to effect its capital formation program. In so doing, he was further appointed a co-conservator of this company by The Superior Court of Los Angeles, California.
Prior to becoming Chairman of a technical asset management and product disposal company located in England, Mr. Barren was Chief Executive Officer for a multi-national direct sales company, headquartered in Nanjing (PRC), and serving the Far East. Through 2004, Mr. Barren acted as the Lead Consultant for a medical services company whose primary activities focused on Mainland China.
Because of his vast experience, Mr. Barren has been featured in more than 150 articles by various newspapers and internet media in the Far East (China and Japan), Europe and the United States, as "turnaround" specialist and business expert. Included therein were also for one of the "Big 4" accounting firms' KMPG’s Banking Insider, and separately, KMPG's Commissions Markets Insider plus the California CPA Magazine, The Outlook.
In 2005, Mr. Barren became an audio conferencing instructor for Progressive Business Publications (PBP) – representing an audience of some 70,000 people, including Chief Financial Officers for both publicly- and privately-held companies. In 2007, he continued as a CPE- accredited instructor but this time the topic was: “Cash Management: Building and fortifying a strong cash flow strategy.”
In litigation support as an expert witness, Mr.Barren has been accepted as a multi-industry expert in some 50 cases, including against such industry leaders like The Chase Manhattan Bank, Merrill Lynch, Wells Fargo Bank and The Ford Motor Company - representing a variety of capital transactions involving all types of capital, plus minority shareholder interest, management and their fiduciary responsibilities, executive and employee compensation, wrongful employment terminations, corporate valuations plus a diversity of corporate transactions, including mergers and acquisitions. As such, he has given testimony in both District and State Courts plus the U.S. Tax Court and before the IRS plus acted as an expert on behalf of the Securities and Exchange Commission. During his 40 year career, he has written more than 500 valuation and fairness opinions.
Mr. Barren, who has been on various television and radio stations throughout the U.S. as part of his distinguished career, has appeared before numerous professional societies, including the American Management Association, where he wrote articles, conducted lectures and seminars on executive management, strategic planning, corporate finance, merger/acquisition and other business-related matters. From 1978 through 1995, Mr. Barren authored and conducted advanced courses in CRISIS MANAGEMENT, CORPORATE VALUATION TECHNIQUES, MERGER AND ACQUISITIONS, LITIGATION SUPPORT plus CAPITAL SOURCING under the Continuing Professional Education (CPE) program of the then 32,000-member California Certified Public Accountants Foundation for Education and Research, the 35,000-member State of New York, and the 30,000-member Texas Society of Certified Public Accountants.
During the 1980's and 1990's, Mr. Barren appeared on various radio and television shows as an expert in business and the U. S. economy. Between 1991-1993, he was a frequent guest speaker to a number of Price Waterhouse (now PriceWaterhouseCoopers) CFO Forums in Southern California plus acted as a panel judge for Ernst & Young’s Annual Entrepreneurial Awards. For 2001, Mr. Barren was appointed to the Editorial Advisory Board of Prentice-Hall.
From 1990 to 2002, Mr. Barren taught courses as a part-time visiting lecturer for the Anderson Graduate School of Business-UCLA, The University of Southern California; Pepperdine University's Executive MBA Program plus Whittier College of Law and Chapman University's School of Law. In 1995-1996, Mr. Barren co-instructed various "workshop" courses in loan documentation and valuation procedures for Sanwa Bank, then one of the top five international banks.
Since 2005, Mr. Barren has received a number of accolades from various Latin American Countries for his many years of service to them. First, he was honored by the Central American Parliament and then by the President of CENTROAMERICANA DE INVERSIONES S. DE R. L. for his 40-years of service to its member countries in aiding their trade, both imports and exports – worldwide. This was then followed by honoring Mr. Barren for his countless efforts in helping Latin Americans in North America which has resulted in the creation or saving of employment of its people. Subsequently, Mr. Barren was also given another commendation. This was from FUNHDICOL (Fundacion Hondurena Para El Desarrollo Intelectual Colectivo) for his many years of services in which he has assisted in many of this institution’s financial transactions which has helped in this country’s development.
In 2006, Mr. Barren was the Presenter for "Businessman of the Year" Award at the Trumpet Awards Ceremony in Atlanta, Georgia - the “Oscars” for African American Community Service. In 2006, Mr. Barren was presented with a Certificate of Honor from China's State-owned Supervision and Administration Commission of the People's Government of Hunan Province for his "great contribution" for establishing the first Sino-American Joint Ventured Hospital. Subsequently, he was also the keynote speaker at the 20th Annual China Industry Development Forum in Dongguan held by the China Tourist Hotels Association and received a plaque for his being an advisor to the Association. Mr. Barren, under EMCO/Hanover, has further been given an exclusive right to acquire majority control in the privatization of the multiple water treatment facility(s) in China.
In 2007, Mr. Barren, who has appeared on Chinese television on a number of occasions, was presented with a second Certificate of Honor. This time, it was in recognition of his efforts in the award of the first ever granted license to build an assisted-care living community in China which will consist of some 12,000 senior citizen, housing units. Separately, he also received a Letter of Appointment as a senior consultant for the Prosperity of Baotou business and investment from the Baotou Disabled People Welfare Fund Association of The Red Cross of Baotou City, Inner Mongolia from its Chairman – Zheng Jinduo. Concurrent with that, Mr. Barren was further appointed a senior consultant for The Association of Entrepreneur’s Friend, Baotou CPPCC by its President – Li yu ran.
In 2008, Mr. Barren joined the Board of Directors of a publicly-traded U.S. Company, which is an international telecom operator and enabler plus systems integrator to the multi-media industry by facilitating the distribution of all forms of content and telecom services to global consumers. The company also has certain patented technology to prevent credit card fraud. Besides various worldwide licenses in over a dozen markets in Europe, Asia and the Middle East, it also has a license to operate telecommunication switching facilities in China. Through mid-2009, Mr. Barren served as its Company’s Vice Chairman in addition to being Chairman of its Compensation Committees plus the Independent Director for its Nominating and Corporate Governance Committee along with its Audit Committee.
In 2009, Mr. Barren met with the Mayor of Shenyang, China. Mr. Li Yingjie named Mr. Barren the honorary financial and economic adviser to the City of Shenyang. As part of his appointment Mr. Barren will attend the City’s yearly economic forum and other key meetings with the Mayor of Shenyang. This was a great honor. Mr. Barren is the first foreigner to be appointed to be the City’s adviser. In 2011, Mr. Barren further received a Certificate of Recognition from Mr. Bingzhong Zhang, Director - Chinese & International Experts Organization of China (CIEO). He was also a keynote Speaker and Presenter at the Winalite's China 2011 For You Global Congress.Further in 2011, Mr. Barren was elected President, Vice Chairman of the Board and Chairman of the Executive Committee for an emerging internet search engine company (with annual revenues under $4 million), specializing in local search optimization. For this company, he arranged a firm commitment $50 million IPO financing plus a $5 million bridge loan and assisted in raising some $7.2 million from 75-100 private accredited investors. Mr. Barren served in this capacity from 2011 until mid-2012.
In 2013 Mr. Barren was one of the keynote speakers in Beijing addressing the All-China Private Enterprise Federation, which is composed of senior central government officials - department ministers and major Chinese private businesses. He was further appointed Chairman of an Australian based software company, which is in the process of being listed on the Bermuda Stock Exchange and who subsequently announced through its Hong Kong based DJ Central affiliate, a strategic partnership with a New York based on-line advertising technology company, for whom Mr. Barren acts as an advisor.
Also, in 2013, Mr. Barren was appointed Chief Executive Officer of M Line Holdings, Inc., a publicly-listed company (stock symbol: MLHC) that provides products and services to the precision high tech segment of both the aerospace and medical industries as well as selling high end pre-owned Japanese Computer Numerically Controlled ("CNC") Equipment. To listen to a MLHC radio interview about the Company, click here. Also in 2013, Mr. Barren was further honored by the Provincial Government of Laio Ning for his outstanding contributions in its economic development.
Mr. Barren has been listed in Marquis' Who's Who in the World since 1989 where also his academic credentials are presented. These include a Bachelor of Science degree from Babson College in 1962 in Accounting and Finance. In addition, he has a Master’s Degree from Bucknell University in 1963 in Finance and Economics plus in 1967 and 1968, two graduate certificates in International Marketing and Finance - with one, from the Harvard Business School and the other, from Cambridge University (Pembroke College) – England.
11 years ago...and supposedly according to some here his record was expunged....I believe that has been noted to you several times...
However does this mean that the CEO running the company is not good? Or that their customers like Panasonic or SAE are not real? Or their revenues and assets which are many many many times the market cap is not real? Or the mergers getting closed are not real?
Is this stock heavily manipulated....lol....obviously. Cap is about 500k and the revenue is about 10 million dollars and tripling shortly...
Well except for the data disclosed....lol....Funny stuff
True. Who believes in data? Has one independent incredulous expedicious explorer independently observed scientist confirmed these results in a a scientific journal...Now granted, the name of the journal would have to be called..."No Kidding - Journal of common sense everyday Pharma stuff" but not zany enough...LOL
Exactly. results printed on paper or screen as it were....And common sense dictated again...not zany..LOL
Again this was common sense....and not Zany.....
One persons common sense is anothers zany theory I suppose. But since I know what I am talking about and no one has given a reason otherwise, I will stick to my logical theories and zany can be had by others. LOL LOL
The reality is that it is not that complicated. Generic drugs with a Naltrexone kicker that doesnt get released as proven in trials. Even if they wanted additional trials, it wouldnt matter in the long run but there really is no reason to have them.
We already know the results....LOL LOL...
LOL. How do we know that? That is common knowledge and common sense....
The truth is that we all know what the data will say. Elites Oxy is BE to Purdue's. And that Naltrexone is not released. And since we know what Opioids do and since this is really just a generic drug, what else do you need to test? If you don't need further tests to test a generic drug anyway....and you already have all the results.
Watching L2 and the trade action; I agree it could be much higher
I agree with John here. I wish I had that many shares of Elite too.
LOL...Any proof of any of that because I have heard this claim so many times and since the company is basically profitable outside of R&D, they would have to have 100m in cash by now if the claims were correct..
Or it is just folks buying after forcing the price down the last couple days.
Big volume and a rise in PPS would tell you the opposite. Now if someone was shorting the stock they might want you to believe that or forcing the price down to accumulate more shares....
Most of what you posted is not fact. Actually pretty much the entire post from where you siad they have no revenues to everything else....Thanks but I am going to hold my shares. I am good...but thanks really....May buy another 5-10 million based on the incorrect information you just posted actually. Thought I was done but what the heck
Easily verifiable facts? Lol...OK please go ahead and verify....LOL LOL
Here is Bruce Barrens resume
Bruce W.D. Barren is Group Chairman of The EMCO/Hanover Group, which, since its inception in 1971, has concluded more than $3+ billion in financial transactions worldwide as international merchant bankers, representing more than 1,000 separate corporate transactions. Mr. Barren specializes in matters attendant to the senior management decision process, including those relating to executive and employee compensation, wrongful terminations, board representation, operating management, planning, financial administration, short and long-term debt and capital involvement, including capital sourcing, encompassing all types of investment requirements - business turnarounds, capital restructuring and merger/acquisition, plus foreign licensing along with corporate valuations for cash/ collateral purposes under the U. S. Bankruptcy Act and separately, for estate planning - including tangible and intangible assets. Mr. Barren has personally been involved in more than 200 business turnarounds and emerging businesses, worldwide representing more than $1 billion in annualized payroll.
Mr. Barren has been honored on more than 60 separate occasions by: the Governors of the Commonwealth of Pennsylvania plus New York and New Jersey (in addition to their respective U.S. Senators) along with the Governors of Kentucky and Tennessee. In California, he has received commendations from various municipal and county governments as well as its State Assembly, Senate, Offices of the State Treasurer, Controller and several Governors plus by Washington, the Peoples Republic of China and the Central American Parliament..
A Cross-section of Selective Awards Images.
As part of these accolades, Mr. Barren has also received more than a dozen individual U.S. Congressional Tributes, both from the U.S. Senate and House of Representatives, including one in 1990 from then Congressman Christopher Cox - subsequently the 28th Chairman of the Securities and Exchange Commission. In 1989, Mr. Barren was honored with a commemorative from President Ronald Reagan. Further, between 2000 to 2005 he received letters of commendation from then President Clinton and Vice President Al Gore plus President George W. Bush and Vice President Richard Cheney along with then U.S. Senator Hilary Rodham Clinton (subsequently appointed in 2009 as the U.S. Secretary of State under President Obama) for his then 35+ years of service to the country, various states and their respective community.
Under EMCO/Hanover's Executive Loan Program, Mr. Barren has assumed a number of senior on-line managerial positions, ranging from small- and medium-sized companies to those in the multi-national marketplace. Under this program, Mr. Barren has acted as: a Chief Executive Officer on a motorcycle manufacturer and a President of a satellite microwave equipment manufacturing company – both for separate venture capital firms then located in New York City; a Chief Executive Officer of a California bank under FDIC approval; President of a HMO medical provider, with 23 offices in Southern California, under the State of California, Department of Insurance's approval; Chairman of a printing/graphic design business and as a Chief Executive and Administrative Officer for various companies in the construction/ real estate industry, both commercial and residential.
From 1959 to 1962, Mr. Barren was an Executive Vice President and Board Member of a multi-national industrial processing and chemical company, which he was forced to assume while he was in college, following the death of his father. Other prior experiences included an association with Price Waterhouse (1963-1967) where his responsibilities were directed primarily to client marketing-related problems at the chief executive officer level, involving such companies as Paramount Pictures, Saab Motors (Sweden) and Electrolux.
Between 1968 and 1971 Mr. Barren was a member of several Securities and Exchange Commission (SEC) regulated investment banking firms, first as a Vice President at Walston & Co., Inc. and then as a Director/ Senior Vice President of Delafield Childs, Inc. Both were then located in New York City. Since then, he has been advisor to a number of other SEC regulated firms (Bregman Securities, Jesup & Lamont plus Birr Wilson); Hill Samuel & Co. Limited US operations, then headquartered in New York City, which in 1987 was acquired by TSB Group PLC.; and in the late 1980’s to Transatlantic Capital Bio-Sciences Fund (London, England) - a “first-stage”, medical bio-sciences venture fund, whose investors included Johnson & Johnson International and Fison Pharmaceutical.
In 1971, Mr. Barren became a Senior Vice President for an AMEX publicly-traded printing services company which also controlled a related company, listed in the Over-the-Counter Marketplace. Currently, Mr. Barren continues to act as an advisor to a variety of companies, engaged in a diversity of business – worldwide, including having served as the designated Chairman of the Executive Committee in 2005-6 for a U.S. publicly held company, with two mandates from the Peoples Republic of China (PRC): to upgrade its Level II hospitals and to introduce the concept of Assisted Care Living.
From 1985-87, Mr. Barren acted as Chief Executive Officer and Vice Chairman of a $200 million multi-national transportation services company operating in some 40 different countries involving Europe along with North, Central and South America, plus Africa and the Middle East in addition to the Far East prior to its acquisition by a foreign corporation, In 1990-91, he was appointed Chief Executive office for a $900 million revenue-based company operating throughout North America, Korea and England. From 1993 to 1996, Mr. Barren initially acted as an advisor and then became the Chief Executive Officer for an aerospace company in order to effect its capital formation program. In so doing, he was further appointed a co-conservator of this company by The Superior Court of Los Angeles, California.
Prior to becoming Chairman of a technical asset management and product disposal company located in England, Mr. Barren was Chief Executive Officer for a multi-national direct sales company, headquartered in Nanjing (PRC), and serving the Far East. Through 2004, Mr. Barren acted as the Lead Consultant for a medical services company whose primary activities focused on Mainland China.
Because of his vast experience, Mr. Barren has been featured in more than 150 articles by various newspapers and internet media in the Far East (China and Japan), Europe and the United States, as "turnaround" specialist and business expert. Included therein were also for one of the "Big 4" accounting firms' KMPG’s Banking Insider, and separately, KMPG's Commissions Markets Insider plus the California CPA Magazine, The Outlook.
In 2005, Mr. Barren became an audio conferencing instructor for Progressive Business Publications (PBP) – representing an audience of some 70,000 people, including Chief Financial Officers for both publicly- and privately-held companies. In 2007, he continued as a CPE- accredited instructor but this time the topic was: “Cash Management: Building and fortifying a strong cash flow strategy.”
In litigation support as an expert witness, Mr.Barren has been accepted as a multi-industry expert in some 50 cases, including against such industry leaders like The Chase Manhattan Bank, Merrill Lynch, Wells Fargo Bank and The Ford Motor Company - representing a variety of capital transactions involving all types of capital, plus minority shareholder interest, management and their fiduciary responsibilities, executive and employee compensation, wrongful employment terminations, corporate valuations plus a diversity of corporate transactions, including mergers and acquisitions. As such, he has given testimony in both District and State Courts plus the U.S. Tax Court and before the IRS plus acted as an expert on behalf of the Securities and Exchange Commission. During his 40 year career, he has written more than 500 valuation and fairness opinions.
Mr. Barren, who has been on various television and radio stations throughout the U.S. as part of his distinguished career, has appeared before numerous professional societies, including the American Management Association, where he wrote articles, conducted lectures and seminars on executive management, strategic planning, corporate finance, merger/acquisition and other business-related matters. From 1978 through 1995, Mr. Barren authored and conducted advanced courses in CRISIS MANAGEMENT, CORPORATE VALUATION TECHNIQUES, MERGER AND ACQUISITIONS, LITIGATION SUPPORT plus CAPITAL SOURCING under the Continuing Professional Education (CPE) program of the then 32,000-member California Certified Public Accountants Foundation for Education and Research, the 35,000-member State of New York, and the 30,000-member Texas Society of Certified Public Accountants.
During the 1980's and 1990's, Mr. Barren appeared on various radio and television shows as an expert in business and the U. S. economy. Between 1991-1993, he was a frequent guest speaker to a number of Price Waterhouse (now PriceWaterhouseCoopers) CFO Forums in Southern California plus acted as a panel judge for Ernst & Young’s Annual Entrepreneurial Awards. For 2001, Mr. Barren was appointed to the Editorial Advisory Board of Prentice-Hall.
From 1990 to 2002, Mr. Barren taught courses as a part-time visiting lecturer for the Anderson Graduate School of Business-UCLA, The University of Southern California; Pepperdine University's Executive MBA Program plus Whittier College of Law and Chapman University's School of Law. In 1995-1996, Mr. Barren co-instructed various "workshop" courses in loan documentation and valuation procedures for Sanwa Bank, then one of the top five international banks.
Since 2005, Mr. Barren has received a number of accolades from various Latin American Countries for his many years of service to them. First, he was honored by the Central American Parliament and then by the President of CENTROAMERICANA DE INVERSIONES S. DE R. L. for his 40-years of service to its member countries in aiding their trade, both imports and exports – worldwide. This was then followed by honoring Mr. Barren for his countless efforts in helping Latin Americans in North America which has resulted in the creation or saving of employment of its people. Subsequently, Mr. Barren was also given another commendation. This was from FUNHDICOL (Fundacion Hondurena Para El Desarrollo Intelectual Colectivo) for his many years of services in which he has assisted in many of this institution’s financial transactions which has helped in this country’s development.
In 2006, Mr. Barren was the Presenter for "Businessman of the Year" Award at the Trumpet Awards Ceremony in Atlanta, Georgia - the “Oscars” for African American Community Service. In 2006, Mr. Barren was presented with a Certificate of Honor from China's State-owned Supervision and Administration Commission of the People's Government of Hunan Province for his "great contribution" for establishing the first Sino-American Joint Ventured Hospital. Subsequently, he was also the keynote speaker at the 20th Annual China Industry Development Forum in Dongguan held by the China Tourist Hotels Association and received a plaque for his being an advisor to the Association. Mr. Barren, under EMCO/Hanover, has further been given an exclusive right to acquire majority control in the privatization of the multiple water treatment facility(s) in China.
In 2007, Mr. Barren, who has appeared on Chinese television on a number of occasions, was presented with a second Certificate of Honor. This time, it was in recognition of his efforts in the award of the first ever granted license to build an assisted-care living community in China which will consist of some 12,000 senior citizen, housing units. Separately, he also received a Letter of Appointment as a senior consultant for the Prosperity of Baotou business and investment from the Baotou Disabled People Welfare Fund Association of The Red Cross of Baotou City, Inner Mongolia from its Chairman – Zheng Jinduo. Concurrent with that, Mr. Barren was further appointed a senior consultant for The Association of Entrepreneur’s Friend, Baotou CPPCC by its President – Li yu ran.
In 2008, Mr. Barren joined the Board of Directors of a publicly-traded U.S. Company, which is an international telecom operator and enabler plus systems integrator to the multi-media industry by facilitating the distribution of all forms of content and telecom services to global consumers. The company also has certain patented technology to prevent credit card fraud. Besides various worldwide licenses in over a dozen markets in Europe, Asia and the Middle East, it also has a license to operate telecommunication switching facilities in China. Through mid-2009, Mr. Barren served as its Company’s Vice Chairman in addition to being Chairman of its Compensation Committees plus the Independent Director for its Nominating and Corporate Governance Committee along with its Audit Committee.
In 2009, Mr. Barren met with the Mayor of Shenyang, China. Mr. Li Yingjie named Mr. Barren the honorary financial and economic adviser to the City of Shenyang. As part of his appointment Mr. Barren will attend the City’s yearly economic forum and other key meetings with the Mayor of Shenyang. This was a great honor. Mr. Barren is the first foreigner to be appointed to be the City’s adviser. In 2011, Mr. Barren further received a Certificate of Recognition from Mr. Bingzhong Zhang, Director - Chinese & International Experts Organization of China (CIEO). He was also a keynote Speaker and Presenter at the Winalite's China 2011 For You Global Congress.Further in 2011, Mr. Barren was elected President, Vice Chairman of the Board and Chairman of the Executive Committee for an emerging internet search engine company (with annual revenues under $4 million), specializing in local search optimization. For this company, he arranged a firm commitment $50 million IPO financing plus a $5 million bridge loan and assisted in raising some $7.2 million from 75-100 private accredited investors. Mr. Barren served in this capacity from 2011 until mid-2012.
In 2013 Mr. Barren was one of the keynote speakers in Beijing addressing the All-China Private Enterprise Federation, which is composed of senior central government officials - department ministers and major Chinese private businesses. He was further appointed Chairman of an Australian based software company, which is in the process of being listed on the Bermuda Stock Exchange and who subsequently announced through its Hong Kong based DJ Central affiliate, a strategic partnership with a New York based on-line advertising technology company, for whom Mr. Barren acts as an advisor.
Also, in 2013, Mr. Barren was appointed Chief Executive Officer of M Line Holdings, Inc., a publicly-listed company (stock symbol: MLHC) that provides products and services to the precision high tech segment of both the aerospace and medical industries as well as selling high end pre-owned Japanese Computer Numerically Controlled ("CNC") Equipment. To listen to a MLHC radio interview about the Company, click here. Also in 2013, Mr. Barren was further honored by the Provincial Government of Laio Ning for his outstanding contributions in its economic development.
Mr. Barren has been listed in Marquis' Who's Who in the World since 1989 where also his academic credentials are presented. These include a Bachelor of Science degree from Babson College in 1962 in Accounting and Finance. In addition, he has a Master’s Degree from Bucknell University in 1963 in Finance and Economics plus in 1967 and 1968, two graduate certificates in International Marketing and Finance - with one, from the Harvard Business School and the other, from Cambridge University (Pembroke College) – England.
Do you have any data to substantiate that the COO is running the company and the CEO is not? Because if you google the CEO that is actually running the company and creating this much larger aerospace company which will be very profitable, the guy is a friggin rock star compared to almost any OTC CEO. Bruce Barren Look him up. He is actually running the show and his resume is ridiculous.
Good post. If they can get cash flow moving in and based on the size of the revenues, then they turn it around for retail too.