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Brilliant post.
Yes, minute 1:15 shows DSGT product.
These levels are a gift.
The float at this pps is unreal.
Excellent DD here. I will definitely be adding at this level.
My thoughts on this exactly.
Some factual source for this will go a long way in addressing your claim.
Seen. I hold similar expectations.
We'll know soon enough.
Agreed. Had to give this a second look.
Do you have a link on the new revs?
From who? For what?
Seen this.
Does this mean they are getting their act together?
In.
Still valued as empty shell after RM and name change completed.
Potential catalysts/reason for poor valuation:
1. O/S, float (currently about 3B).
2. Stop sign.
3. Financials.
CEO has indicated that he will bring ticker current before Christmas. So far, he has delivered on his claims. I expect some news in the following days/week(s).
What bid?
What screen are you looking at?
Ask is stacked. Bid is at zero.
Not bashing but can you post a screen shot. Maybe my feed is out.
Any updates after this tweet?
What's the deal here? Something something reverse merger?
Agreed.
CEO has also hinted he is working to bring ticker current before EOY.
If you haven't opened a position and are waiting for a 'lower' entry, this is probably not the best play for you.
Agreed.
CEO has reiterated no reverse split. I don't see this happening in the near future IMHO.
Thanks. What is the CEO's strategy? Has he given any information on how he is planning to avoid it?
I've been watching this recently and want to do some DD prior to opening a position. As with all things, the timing of entry is important.
I hope my post is not seen as a bash. I just want to know whats up.
Nice quote BTW. Sounds like a very insightful individual ;p
Come again?
How long has dilution been going on? Any idea of current SS?
This just got on my radar. Is bankruptcy still on the table with these guys?
Patience will be rewarded here.
Lower prices are an opportunity to average down or add to your position.
Speculation. The operative word which is it conveniently ignored in gossip about the personal finances of others. If there is credible information, it should come from the mouth of the CEO.
If I am to choose between his statements during official meetings and baseless speculation, I will choose the former. Always!
I don't deal in gossip. Which is what reading other people's personal financial matters amounts to, gossip.
When argumentation takes the form "something to be said", this is the very definition of speculation.
The smart investor deals in facts. All that is being provided is one speculative assertion built upon another.
Nothing of this talks about the $5.5M revenue generating juggernaut that is only beginning to gain momentum.
Irrelevant nonsense.
A personal bankruptcy has zero information to make any conclusions about to the finances of a public entity?
I repeat whatever is magically infered here is complete nonsense and wishful thinking.
I will get facts from corporate filings.
LoL. It is amusing. Have you read the lottery winnings of MHHC's secretary? That offers as much investment information as the personal bankruptcy nonsense that is being peddled here.
The last time I checked there is a difference between the personal financial affairs of an employee (board member or not, shareholder or not) and the finances of a public entity.
Again, these fabrications are unsupported claims. No matter how it is spun, a public entity remains distinct from a private individual. Period!
The information you share is incredibly illogical. One would simply pull out any Tom, dick, or harry, with the last name Emerson or Ford and try to make arguments about the correlation between their personal financial situation and that of the corporate entities bearing the same name.
Simple logic.
Can you explain what the personal bankruptcy filing of an individual has to do with a publicly traded company? Can you explain what link you are trying to establish here?
This links to an ihub user's personal individual finances.
Outstandings:
- Completed and pending mergers
- Board status (who is the new board member)
- Financials update
- Share structure
- Bringing $MHHC current.
Feel free to add more if I missed anything.
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!
Removal of stop sign should set pps to an even higher base.
Christmas seems like an ample amount of time to accomplish this goal.
Exciting month ahead for $MHHC IMHO.
There seems to be a consistent base at 0.0003/0.0004. Update on share structure and financials should put the trips in the history books.
Next stop will be to update financials and remove stop sign.
We expect Frank to also provide information on completed and ongoing merger talks.
Burden of proof is on the claimant.
Agreed.
There is zero evidence to support these claims. Just blind assertions.
Opinions and wishes. Nothing more.
Anyone with a lick of due diligence can verify that your assertions are simply false.
The rest of us are focused on a future of growth with $MHHC!
He is also an employee.
For the millionth time, you keep insisting that being a board member implies ownership interest. These are not true no matter how hard you wish it to be. You can provide actual evidence or continue repeating it without evidence.