Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hi imacman
What do you mean by weak wording of financing source?
Thanks in advance
Btw
My assumption is that the new revenue just from that one new product line/customer can easily pay the monthly installments for this first acquisition and perhaps the next
(250,000 a month was projected by end of September from that new product.that is on top of existing revenue streams... Though they have other debt to confront....)
I think if bkrt can be moved out of the way and his shares do prove to be old existing shares and not new conversions, we will do ok here
No chatter right now in trading groups. Word on MLHC progress has not been spread and company apparently isn't focused on investor relations or a PR blitz at moment either, but maybe that will change as more starts to happen this fall.
Small group of folks seem to have just been quietly loading. Some groups still wary of past dilution and wanting confirmation that is in the past.
Any other thoughts?
Well, if the head of Byran is working for MLHC for a $1 salary, perhaps you are on to something......
MLHC
MLHC Acquisition Complete. And Barren has been replaced as CEO. Starting to look brighter.
TUSTIN, CA / ACCESSWIRE / October 5, 2015 / M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line"), is pleased to announce that M Line has completed the acquisition of the Byran Company.
- Byran's current revenue exceeds $6 million per year and is generating over $600,000 net profit, (EBITDA $750,000). The liabilities of Byran are less than $60,000. The hidden benefits to this transaction are the wealth of programming data stored by Byran. With some 70 + CNC and screw machines, Byran has enormous growth potential. It is currently operating at approximately 40% of its capabilities.
- M Line is paying $4.7 million for Byran. M Line has arranged financing through the current owners of Byran for $3.6 million paid over seven year. Interest at 3.5% per annum does not start until January 1, 2017 and if the capital is paid off within any year of the note interest is waived for that year. Payments of $40,000 per month will be made commencing January 1, 2016 and payments of $48,105.40 including interest will continue from January 1, 2017. The down payment is $1.1 million. If the loan is paid off in any year of the loan all interest in that year and any future interest is waived.
- Many of Byran's staff have been with the Company for many years. This is a very experienced team of personnel. Byran's current President will stay with the Company for nine months on a salary of $1.00 for the period and is then available on a consulting basis if needed.
- Byran is known for its engineering capabilities, in both the aerospace and medical industries, assisting customers with design and development of difficult parts and assemblies.
- M Line will continue this aspect of the business, which sets Byran apart from its competitors, while adding additional customers and growing its business from its current customer base.
- Byran has two key customers bringing our core customer base to six reducing any reliance on any one customer. In 2013 M Line's precision manufacturing division had one core customer representing over 60% of our manufacturing business.
Tony Anish, COO of M Line stated, "This is a critical step in the growth plans of M Line. We are really excited about the addition of Byran as the first step in our growth plans. There are other planned acquisitions, some that have been discussed previously, and some new potential targets, which are planned for Fiscal 2016."
M Line is a leading provider of manufactured precision metal products, assemblies and services to the high tech segment of aerospace, defense, medical and other industries with key customers that include Panasonic Avionics, UTC Aerospace Systems, and other leading aerospace customers. In addition M Line has started to trade in its business services division providing business, financial and other services to its clients and the restart in the near future of its machinery sales division.
For more information on M Line see our website at http://www.mlineholdings.com/
Realize your trading passion with E*TRADE Pro. Visit E*TRADE.com/pro
Beautiful. Congrats to MLHC
He is not of the LinkedIn generation I would assume. Probably has little need to network digitally
It might help a little that he doesn't seem to be associated with other pinks like barren
His linkedin profile has some info. But not enough to be truly informed.
Good question. Worth asking Anish.
The Amish really aren't all that threatening.
Anish though has probably burned a couple bridges over the years, so your anger is understandable. We will see if it is now time for MLHC redemption. Maybe if the stars align more jobs will eventually be created than initially lost.
We shall see.
Just can't top your posts these days
You are on a creative streak
Has the storm finally passed for MLHC? Will relationships heal and flourish with a new CEO who plays well with others? Will we see that 10k tonight?
Hmmmmm
His walls are gone now. Ask is thin
Would help if the goofball at .0006 and .0012 would break up their order.
Well how about that..... It has been a very long time since MLHC was on the breakout boards.
Will be good to have others catch up on the recovery efforts
It is a good thing.
Their 2015 10k is due today or with an extension, on the 15th of October. I would think you would gain better insight after reading that. I am more interested in seeing how well this first quarter looks with new revenue streams on the books but that Q is not due to be filed for another 45 days, but should be more telling.
Would be good to read an update on Bluestar to understand when we can expect that to be part of MLHC
That is the hope. Good to see the change at MLHC
all good
Prior to Encompass Alan worked in the medical services industry as CEO and then Managing Director of two Companies and he spent ten years as President and Chairman of the Board of Pioneer Systems, Inc. Pioneer is an acknowledged name in the fields of Aerospace and Defense contracting as an innovator and leader in spacecraft and cargo recovery, special operations support, military logistics, airborne weapons and cargo delivery systems, antisubmarine warfare and rapid deployment.
He spent ten years as president and chairman of the board at Pioneer Systems Inc it says. Did you miss that sentence?
My best guess is that we are watching TCA get rid of the rest of the shares they were holding now that the note is being paid with other means than future conversions. First monthly payment was this month.
The folks who grabbed those shares I am guessing are expecting to see progress in 10k tomorrow or by October 15th.
Oops. Sorry.
Incorrect
Most of that was sold at bid when bid was at .0004 and ask was .0005 this morning.
MLHC: other item to note for month of September:
We have added a new product line to our manufacturing facility and are now producing a "Vape Pipe" for a new customer. We anticipate that revenues for this product will exceed $250,000 per month by the end of September. We, together with our customer's support, designed the "Pipe" and are now manufacturing our first order of 1000 units. We believe there is a very large market for these "Pipes" and we are already planning the next two generations of the product. We anticipate our ability to produce a high quality product with our technological manufacturing capabilities can put us at the forefront of this growth industry.
Bizarre, but at least there are no idle hands between other manufacturing orders with a new product line like that.
MLHC Audited 2015 10k or extension tomorrow.
Wake up sleepy board, MLHC 22million bought at Ask this morning. Bkrt moved up. 1.5m left at .0004.
it isn't bad news
Fwiw there were buys at Ask right before that sell to bring it down. If bmak is done I really don't think that seller can inspire bkrt to dump what he has left at .0002, but I guess you can't blame whomever has that big bid for trying.
Maybe we get numbers this week or on 15th that will bring some much needed interest.
Or maybe we die from old age before anything changes with this stock.
Odd day. Somethings brewing.
MLHC audited 10k due Wednesday, September 30th (one week from today)
Or with extension, we will see it no later than Thursday, October 15th.
MLHC is current by the way.
I would guess that would change if MLHC would communicate to the public that there is no dilution any longer and then show progress with their audited 10k (next week?) and follow up with acquisition closing and some numbers on the new product line's success, Precision's progress, and explain terms of new, hopefully nondilutive, financing.
That's not too much to ask? Is it? I'd be happy to support that with volume and spread the word.
It should all come to pass if they keep to their word in that letter they sent out
Your talent is so wasted here
that would be a kick if it then got a lil paint at close to the next Ask at .0011.
That would attract some interest.
Oh well.....
On we wait
It won't if BKRT isn't showing his true size.....
Anyway, I threw a couple pennies at it yesterday. But not comfortable with any greater support until they close their acquisitions and have a lot worthy of a PR effort that attracts new interest and liquidity.
still think they have the bones with which to build something great. just hoping they have competent, financially savvy builders
MLHC 2015 10k due in 12 days for year ending June 30th
Thanks for your insight Axel
Except we are still waiting on these line items from the shareholder letter:
Arguably the most important to us MLHC shareholders:
Step#9. Close the first 2 acquisition candidates. We did get delayed but we are working on closing these transactions now. We are also looking for additional targets.
Step #12. Translate the efforts from the past 18-months into true Shareholder Value!
WRONG: they are actually vape pipes, not bongs.