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What dilution? The Series C shares cannot be converted for 5 years from the date of issue. Read the filings carefully before you post or "alert"
We released the news when the markets were open.? In response to other questions, yes the company has the financial resources in place to close the 3 deals already announced.? We are working on 4 more deals for which the resources are also in place.? Hope to announce them within the next 2 to 3 weeks.? We believe the first 2 deals will close end of next week and?today's deal in 3 weeks.? The dates are not firm but very good estimates.? Futher in response as to who bid for 20 million shares - it came out of the blue - we have no clue.
PR ON OTC MARKETS
See PR just released on OTC Markets:
http://www.otcmarkets.com/stock/MIHL/news/MONTAGUE-INTERNATIONAL-HOLDING-LTD---MIHL--ANNOUNCES-NEW-ACQUISITION?id=53563&b=y
Thanks
RESPONSE TO REQUEST FOR INFORMATION
It was appropriate to utilize this forum to respond to question until our website and blog became operational. At this point Robert Ringold (VP, IR, and one of the Board Members) of MIHL is available to answer questions via the Company website and blog.
As you are aware I had become a member of this site on my own free time and I am no compensated in any way for responding in this forum. I feel that many of the questions put to me, had really not relevant to the progress being made at the company. Some of the comments were personally insulting and I resent some of the innuendos of the questions and post.
Therefore, in order to avoid personal frustration, purported TOS violations of my responses - I had decided to revert just to a regular member of this community (just like anyone else), who will comment on the actions of the company and its stock progress based on information available to all, This I believe is the most appropriate course of action especially since I am not being paid to put up with the comments and attitude on the Board.
Furthermore, I will limit my post significantly. I will no longer respond to any questions via this site as to company policy, management and business. I will not respond to any personal questions, I will not respond to any innuendos or leading questions. I leave that to Robert Ringold (who is paid to deal with these off topic and inappropriate questions). Robert is the IR and he is available for questions via the company website at www.montagueholding.com or via email at rringold@montagueholding.com.
Since my responsibility as the contract consultant to the company is business development, if you have any questions or concerns in that area, feel free to contact me via email at ehusid@montagueholding.com. If information is available for public consumption I will gladly share it with you.
All information that the company wishes to make public will be released either through nationwide PR Services or through OTC Markets News.
Thank you for your continued support.
Why are you comparing Nauru a member of the United Nations to Melchezedek a fictitious state?
At this point we have not yet submitted an application to their licensing authority. We are looking at alternative jurisdictions which allow for easier reciprocation with the United States and awaiting our attorney recommendation on how to proceed.
Unfortunately it requires that the shareholders register at the website since we do have that type of info for our shareholders.
WEBSITE
Our website is work in progress. The current website will be modified and improved as time goes on. We are looking at other website designs and models and will modify the site. In addition, any suggestions, comments and corrections are welcome. We will review all suggestions and modify the site to what we believe will be most responsive to our current and future investors.
Should anyone see a site format on the web that you believe would better reflect what our company is about please forward us a link so that we may give it to our IT specialist.
We look forward to working with our investors not fighting them.
Thank you.
Information Requests
Now that our website is operational please direct all requests for information through the website. You will receive a prompt response that you are welcome to post if you wish.
OFFICE PICTURES POSTED ON FACEBOOK
The deal was already being negotiated (it closed on 6/14/2012). These pictures were taken when we were looking for office space. I really see no reason to retake the pictures (just to have a different date on them) since the space looks the same. So what exactly is the problem? It's not like the space or the building were not there befpre we moved in.
The first LOI should close in the next 10 days
That is correct.
Funding
We are still working on $700 million of Brazilian Bonds, however it is a difficult legal process which we believe will finally come through. It involves significant negotiations and has huge legal ramifications both for us and the Brazilian side. The documents need to be prepared on both English and Portuguese. Government ratification is also necessary. We firmly believe it will get done but there are no deadlines to close the deal yet.
We will release updates via OTC Markets News Release Service on a weekly basis. In addition with major news we will utilize our national wire service provider. So far everything is on track. We hope that additional LOI will be signed this week
What is your problem with Robert? And yes he is with the company, and no we are not on any bodies watch list. Support your allegations with facts that can be verified
The location is on Castor Avenue in Philadelphia Northeast Section
I suggest you call the TA as well however holding the company responsible to make up your loses is just silly. Will you send a portion of your profits to us? You are in the trading business how can you blame the company that is doing everything to be a going concern?
First what is wrong in investing in Russia it is the fastest growing market awash in cash from oil proceeds, however in our case the investment is in Philadelphia PA.
We will be filing next week as well though Edgar
A PR is being planned for next week currently working on choosing an appropriate PR service
The FINRA filing has been made available on the OTC Markets website check for yourself
RIGHTS OFFERING ONLY FOR OUTSIDE INVESTORS OF RECORD
It is my understanding that the company is preparing a rights offering that will allow each existing investor of record as of December 1, 2012 to purchase shares in an amount currently held by that Investor as of December 1, 2012 of record the same amount of 144 restricted shares (i.e. cannot be sold for 1 year) as a discount from the market of 10% on the date of closing of the shares when the right is exercised. Insiders will be forbidden from purchasing these right offerings and they will be available only to the investor community. The Rights will have an period of 12 months from the date of issue.
For Example if you own 1 million shares you will have a right during a 12 month period to buy directly from the Company 1 million shares at a discount of market of 10% from the trading value of the shares.
The company had taken this step to show our serious attitude toward our company's retail investors.
IMPORTANT ANOUNCEMENT - REDUCTION OF AUTHORIZED SHARES
Today Montague International Holding Ltd had filed for approval with FINRA for the following:
"The Board of Directors of Montague International Holding Ltd.
had approved the following: Reduction of Authorized Common
Shares Series A: From 20 billion shares to 5 billion shares and
increase in capitalization of Montague International Holding
Ltd., to provide capital necessary for acquisitions and
expansion via acquisition of businesses by amending the
Certificate of Incorporation to reflect and permit 500 million
new authorized Series C: Special Preferred Convertible nonvoting
Shares."
The Board of Directors Resolution approving these changes and the actual copy of the FINRA filing had been posted on the OTC Markets Filings Page and will also be available for downloading from our Information Website: https://sites.google.com/site/mihlinfo/
I am sorry I was not able to give you a heads up on this until the filings were completed. We did not want to release this on IHUB until it was approved by FINRA but since it appears that panic had set in we are releasing it now. FINRA normally takes 10 days to approve Corporate Actions but the latest for this to take affect is October 22, 2012
We do not consider this site as marketing. In addition we really are not interested in speculative pink sheet investors as stated we are in for long term growth and we know our stock will go up and stabilize once we finish with the necessary organization of the company. In the interim these swings do not affect our company policy.
But we did not market ourselves. We purchased what was available I believe that what you had seen was the last large sale by whoever was selling. Plus the share prices went up on the name change. We have yet to market ourselves and will do so when we are fully organized.
We know that our shares will be worth at least $0.03 in 3 months why would we take those steps we are not selling our shares. The company is not selling shares there is no dilution taking place so take this drastic steps.
Would you be willing to return your shares? This is no communism! We are not willing to fund further acquisitions with our out of pocket money to help raise the price of stock for speculators that purchased stock on rumor. Why are you asking us to give up our equity to fund increase in stock value while you hold on to your stock that you did not even buy from us? Your stock purchases did not bring even one penny to the company this is plain silly. We have a plan for the company and it's is long term growth and we ask the existing shareholders (who bought stock on secondary market and not from us) to bunker down and let this growth take place. However if anyone wants to help we can file for a 144 stock offering and let every stock holder of record purchase an equal number of shares to what they hold at market value this would raise funds the company needs for operations increase the overall stock value.
I appreciate that but the shares were in the trips when we took over July 20, 2012. No new money was invested into the company but the people who purchased those shares. If the funds were invested into us you would have a point but all the volume is between existing
shareholders left over from prior management. We are not selling stock - you are trading on rumor and wildly fluctuating the stock value before giving us a chance to develop the company. You are also asking is to either personally fund acquisitions or dilute our ownership stake to raise the value of you speculative portfolios? This makes no sense from the long term perspective of running the company. This is a long term growth opportunity not a short term pump and dump.
So you are asking for a reverse split to increase the number IFAD both authorized and outstanding shares of say 20 to 1? We are not prepared for a reverse split we do not feel its fair to the shareholders.
But the shares we own are held privately they do not belong to MIHL. What you are suggesting is that we use our personal funds to buy assets for the company and at the same time own a reducing percentage of the company. Basically it's like buying a house with us paying $100 for it and then giving it as a gift to the company of which before we bought the house we owned say 70% but after we gave it the house we will only own 50%. So we would pay $100 for a house only to own $50 worth of the house. Does that make sense to you? It does not to us, we are not Robin Hood to rob from ourselves and give to everyone else.
We could you are right but let me ask you a question: who would buy these shares? They would have no pps what do ever. And if we use the shares for acquisition the the assets of the company increase and the pps increase do to increased assets. We look at the AS as a bank only to be used for asset purchases. However we are considering a decrease to between 5-10 billion with a creation of a new stock series of non voting stock to be used only for acquisitions. But at this time the plan iOS to acquire assets through provision of services as described in my previous post.
Additionally I just received a call from an investor with Atlanta Georgia area code. He did not identify himself but asked many questions about the company and where it is headed. Draw your own conclusions.
"Investor Confidence"
I am somewhat puzzled by the panic I reading in the posts on this site. In fact, what is the difference if someone is selling in panic - a run like this can happen to any company. If someone is selling just to sell regardless of price then the price falls until he/she runs out of stock. No PR or websites will stop this. However people on this site know the positives of the company: the CE is removed and the company is moving forward and is in the process of closing several deals such as: Urgent Care Center (25% ownership to the company for consulting and development work) and a alternative market software trading program (50% for consulting and development ). The deals are planned to close next week. The company had joined National Futures Association as Commodities Pool Operator (application filed yesterday) and the new Hedge Fund was formed with appropriate fillings and schedule D to be filed next week. We expect to close at lest $5 million of business next week. We are acquiring most of our assets though provision of consulting and development services - no stock dilution. So if someone has panicked and wants to sell let them we are looking at the company as a long term growth opportunity.
Not at this time why?
Is thur brokerage firm listed? If yes it might be under them internally. I suggest you call your broker and the transfer agent just to make sure.
There are technical issues with the website that we are trying to work out - we wanted a website with bells and whistles but unfortunately it is not working as we would have wished so we are back to the drawing board designing a simple information site without all the toys and leaving the Cadillac site for more development. We are currently selecting which PR service to use and getting pricing. Our OTC Markets service comes with PR option and we are trying to find out where it is distributed. Although we appreciate our shareholders wanting to maximize their share value our goal is not to pump up the stock but to see it rise on actual business expansion not on PR releases. We did not sell stock but we can't stop other holders of the stock from selling. In fact, we are looking for stockholders who are in for the long haul and not just to make a couple hundred dollars in a quick pump and dump. The time frames were all estimated and should be taken as such. To us working on bringing in acquisitions is more important then website development and PR releases. We are few and the work load is huge required to build a real company. Having said all that, we believe that we will much positive news to report within one week.
If you go to the OTC Markets Filed Document Page you will see the entire Shareholder list and will be able to determine the exact number of shares outstanding and who owned them as of August 2012
In response to your NADA comment. Below please find the confirmation email of registration with EDGAR. You are searching for filings for the SEC since we have not filed anything yet, your search shows nothing.
THE FOLLOWING SUBMISSION HAS BEEN ACCEPTED BY THE U.S. SECURITIES AND EXCHANGE
COMMISSION.
COMPANY: Montague International Holding Ltd
FORM TYPE: ID-NEWCIK NUMBER OF DOCUMENTS: 2
RECEIVED DATE: 26-Jul-2012 18:25 ACCEPTED DATE: 27-Jul-2012 11:47
TEST FILING: NO CONFIRMING COPY: NO
ACCESSION NUMBER: 9999999996-12-021685
PLEASE REFER TO THE ACCESSION NUMBER LISTED ABOVE FOR FUTURE INQUIRIES.
REGISTRANT(S):
1. CIK: 0001555087
COMPANY: Montague International Holding Ltd
FORM TYPE: ID-NEWCIK
SUMMARY OF CHANGES:
Your application for access to EDGAR has been accepted. Your CIK is
0001555087. Please connect to the EDGAR Filer Management URL
https://www.filermanagement.edgarfiling.sec.gov
to generate EDGAR access codes using your CIK and passphrase.
------------------------------- NOTICE ---------------------------------
URGENT: Verify that all of your addresses on the EDGAR database are
correct. An incorrect address in the EDGAR Accounting Contact Name
and Address information may result in your fee Account Activity
Statement being returned to the SEC as undeliverable. Please correct
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Yes we are. We have a plan and we are following it exactly
As we had stated earlier we will issue PR when we have something important to announce. We are in thes process of finalizing 2 deals to acquire important assets. We believe that one deal will close by Friday and the other next week - this is a long term stock and not a short term pump and dump deal. I know in penny land patience is in short supply but this is a company undergoing restructuring and as any new born there is teething pains. At this small float pricing fluctuations such as being experienced here are not representative of the company as a whole. We still firmly believe in our business plan, company and it's bright future.
We are registered with Edgar already and a CIK number as far as SEC filings after the 3rd qt when we have audited financials