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A hijacked shell which finra vetted and approved to be named MHHC.
Are they in collusion with FINRA?
$MHHC is a publicly traded company as of yesterday.
Many will get left behind here.
There is no ORRV/MHHC.
That is false information.
There WAS ORRV. Which has been inactive forever. No one cares about ORRV.
$MHHC became a public company starting yesterday. PERIOD.
If you actually read the PR, there is a bullet list of exactly this as news to come.
What shell?
$ORRV no longer exists. It is dead. Which means it no longer exists.
What hijacked shell?
I know right. Funny stuff.
Given MHHC has only existed for all of one day, i'm not sure there's much to address here.
It actually may well be. Confirmed 4 of the brokerages are not fully trading MHHC today.
Agreed.
Confident CEO will deliver.
It has come to my attention that the following platforms have disallowed $MHHC trading for 'share availability' reasons:
TD Ameritrade
Scott trade
Etrade
That's what legit companies do. Make plans and project growth in the future.
Nothing to see here.
Agreed.
UPDATE from MHHC official announcement of name change should be stickied and placed on landing page:
https://globenewswire.com/news-release/2017/11/14/1186075/0/en/McCUSKER-HOLDINGS-CORP-FINRA-Approves-McCusker-s-Corporate-Action-MHHC-Sets-Sights-on-100-million-revenues-Fully-Reporting-and-Up-List-NASDAQ-Exchange.html
$5.5 Millions in projected revenues this year. According to previous disclosures during last shareholder meeting.
IMHO: anything at these levels is bargain price.
can this be worth 10 cents ? at .1025
why? why not ?
this is on track for 5.5 MILLION IN REVENUES in 2017
in subbyland, revenues are nonexistent
if a company comes out with a cool PR that this is what they are going to do, then the subby runs and sometimes it runs to a penny or multiple pennys
look at MME* for example,
they have ZERO REVENUES, but it ran to 5 cents because they said they are going to open a refinery in 2018
again - proving the point that subbys DONT HAVE REVENUES
this has 5.5 MILLION IN REVENUES in 2017 (on track for)
with a calculated float of : 1,341,937,761 ( look at this link to see how that float number was calculated : https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132514229 … )
that would put this at .0041
insurance/warranty sector trades 25x, that is the typical multiplier
25 x .0041 would put this at .1025
is it possible that this is valued at 10 cents when the ticker change solidifies that this is now traded as $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!
$MHHC became a public company yesterday.
Reference to fillings or failed failings of a defunct shell $ORRV has no relevance to $MHHC which just went public yesterday.
"He" is not a company. There is no such information anywhere that ties these claims to $MHHC.
Agreed.
Many are of the opinion that this is significantly undervalued at these levels. The comps should be evidence for anyone with doubts about where this stock is headed.
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!
Relevant and important information provided by this post needs to be stickied IMHO
Can you please be more specific. Can you explain what you mean by producing the 'rest' of the package?
I can entertain valid criticism. But can you justify demanding that everything be done in one day, on the day the company announces FINRA approval.
And how is FINRA approval
I agree with you and MANY on this website.
$MHHC is worth way more than the current price (which is the ticker price of a dead shell).
MHHC has only been in existence for all of one day.
There has never been a YIELD sign on MHHC.
There has never been a "Willie" associated as CEO of MHHC.
There has never been a disappearance of anything relating to MHHC.
MHHC has been in existence for all of one day. A growing company can't name change, file, SEC comply and all that nonsense in one day, AND run their business successfully.
Please read previous posts addressing this non-issue.
The process was completed through a reverse merger. The stop sign is an artifact of the previous shell and will be addressed in a matter of days/weeks.
The first and most important hurdle was name change!
Warning this is not a valid or credible opinion
Which encompasses everything.
Perhaps you want to be more specific.
And explain what is more challenging and takes precedence over actually taking the company public?
ORRV (Oceanic Research & Recovery, inc) is no longer in existence.
Come Monday, November 11th, 2017, a new entity will be trading under the ticker symbol $MHHC. That company is McCusker Holdings Corp.
A note to everyone. FINRA has investigated and scrutinized this name change for MONTHS. This means that financials, revenues, share structure, operations, legitimacy and all of the things required for an entity to be traded publicly have been vetted by the top financial authority in our nation.
I will take the approval of FINRA over ANY alternative opinions anywhere in the world.
GO $MHHC!! We are looking at baggers in the range of .10 to .25c.
Don't miss this epic run!
$MHHC CEO has confirmed repeatedly on numerous occasions that there will be NO reverse split.
Everything Frank has promised has been backed up by actions and delivered.
GO $MHHC!
Agreed.
CEO indicated formal launch/announcement today. Should see news soon.
GLTA
I believe with the official announcement, it should break clean past the teens for good.
Once the formal process of removing the stop sign happens, I believe we may retest 52 week high if not more.
Let's everyone please preview all the tickers listed here and form an informed opinion for themselves:
Note the ticker price tags and compare them to current trading price
Good info Janice.
It is a new company.
CEO already addressed this.
I'll take a 5.5M and growing revenue generating junk any day of the week.
It seems that based on this logic my personal debt free finance should pass as mhhc being debt free too, if I worked for them as an employee.
Again provide proof that MHHC, the company, is bankrupt. Otherwise saying the company is bankrupt is just fake news.
Yes. Most companies prioritize. The first and most important steps is answering to FINRA's requests until the formal regulatory body overseeing their going public approves.
That was number one priority. Asking, demanding additional information on the day the company actually goes public, IMHO, is unnecessarily exacting. They have disclosed everything necessary to this point. And more to come.