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That would make the purchase price over 7,500,000 bucks. Read it again.
The Purchase Price is $150,000. The payment is made in stock as follows:
??M Line adds the TORQUE® Energy Drink to its Line of Beverages
COSTA MESA, CA, Nov. 01, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – M Line Holdings, Inc. (OTC PINK: MLHC) ("M Line" or the “Company”), has acquired the TORQUE® Energy Drink, TORQUE® apparel and other related drinks and novelties to its line of products. www.drinktorque.com. The TORQUE® brand will be managed by the Caravel Management Team.
The Purchase Price is $150,000. The payment is made in stock as follows:
§ 2,500,000 Common shares of stock valued at 3 cents per share
§ 100 shares of J Series Preferred stock convertible to 2,500,000 shares of common stock after one year
This transaction gives M Line control of the brand, the current list of customers, as well as the opportunity to bring this fantastic energy drink through the Caravel Group’s retail and distribution channels.
Tony Anish, CEO of M Line, commented: “This is an extraordinary addition to our group. The sales potential of this drink is many millions of dollars. We expect to deliver our first orders late this year with drinks being available on the web site in December. We plan to bring new flavors and expand the whole line of TORQUE® drinks and apparel. We would again like to thank our shareholders for their support. We will repay this support with transparency, solid growth and profitability and we WILL increase shareholder value. Keep watching our Company. We have barely started.”
About M Line Holdings, Inc.
M Line is a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business and now has introduced its first acquisition in the Cannabis Industry with our C-Pod manufacturing business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution and Cannabis industries as well as other prospects that make sense to management.
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 is 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 more information contact Tony Anish
E Mail: info@mlineholdings.com
Follow us on Twitter: @mlinehc
Web site: www.mlinehc.com
Caravel Web site: www.drinkvea.com / @DrinkVea
TORQUE® site: www.drinktorque.com / @DrinkTorque
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Thats not true. That's why I'm scratching my head.
Read it yourself. 100 J shares converts to 2,500,000 shares.
https://globenewswire.com/news-release/2018/11/01/1641344/0/en/M-Line-Holdings-Inc-Closes-Acquisition-of-The-TORQUE-Beverage-and-Apparel-Brand.html
Than
THANK YOU.
My only point of bringing it up is. Anyone of us can get more stock than that deal currently for chump change.
That's All.
B13
100 J series is locked up for a year. It converts to 2,500,000 million common shares. IF I'm reading the PR correctly and by doing the math of 5,000,000 times .03 = 150,000. It's correct.
Believe me nobody wants this to hit that strike price as much as me. I'm buying the crap out of this myself.
A sustained price over .03 will make my retirement very comfortable.
Or. 1500 dollars @ .0003.
I'm just trying to see if that was the deal. Nothing more, Nothing less. I currently have way more invested and way more to gain than Diesel should this hit that strike price, and I'm pulling for it.
If I were them, I'd be buying the crap out of this to increase my profits. JUST MY OPINION.
$MLHC> The Purchase Price is $150,000. The payment is made in stock as follows:
§ 2,500,000 Common shares of stock valued at 3 cents per share
§ 100 shares of J Series Preferred stock convertible to 2,500,000 shares of common stock after one year
https://www.otcmarkets.com/stock/MLHC/news/M-Line-Holdings-Inc-Closes-Acquisition-of-The-TORQUE-Beverage-and-Apparel-Brand?id=208927
5,000,000 x.03 = 150,000. Did I miss something?
OK. So explain it to me old wise one.
I could be completely wrong, but Torque's purchase price was for 5 Million common shares. Current value. 1500 dollars.
What made them feel like it was going to go to .03 and be worth 150,000 dollars? And enough with the flipping crap. I'm currently and will for the very long conceived future hold more than what the Diesel Brothers sold their energy drink for.
Hit it
I'm just wondering what he showed to get Torque. It seems like an incredibly bad deal for the those guys, unless he's able to get this above .03. Currently it's almost impossible to get it to .001. I'm scratching my head on that one.
Maybe we just double up on bad pr's and see if it has the opposite effect that the good news has. LOL
I'm here and will continue to be. BUT I hear what you're saying. We need some good news that translate into positive forward momentum, or all of the other stuff is for naught. I'm prepared to wait and see what Q3 and 4 are looking like, but I sure would like to see this hit the teens again at the very least.
IMO. Distribution and Confirmed Revenue is what will move this. I feel they are working on both of those this spring. Watching and Waiting.
I just saw that. Lets see what that means. They normally stay on the ask @200. But this is new to me
When I woke up before the bell and saw they where on the ask I knew it wasn’t going to be the day most have hoped for. I’ll still be waiting patiently and if they destroy this and drop it to no bid then I’m gonna grab as many as I can and wait it out. But I still grabbed a couple.0003s in case distribution news hits this week.
Maxm is actually showing 1,000,000 vs his early 10,000.
Either way. If I’m gonna be holding bags, they’re going to be full.
Not expecting much until solid retailers are onboard. I feel the ones who have done some dd but don’t have a position are probably gonna grab something this week. I’m not sure what it will take for this to move, but I’m optimistic that step by step it’s moving forward.
49 thousand viewers on twitter Grammy feed
Something with a taste and effect of @drinkchillo on Twitter is what I’m thinking. I don’t know what happened to it, but it tasted better than most energy drinks and had enough hemp(cbd) to take the edge off. It was ahead of its time.
B13
Without
All the endorsements in the world don’t mean anything with a place that sells it
I’m hoping for a list of retailers that will carry Vea.
I’ll be here for it.
Picture 13. Awesomeness. That looks like Vea to me. Now let’s follow this up with distribution news and keep pushing forward.
B13
So 5,000,000 shares total correct. Which as Friday afternoon anyone could have bought for $2,000. Am I wrong?
What's your opinion of this quarterly? If you don't mind sharing
So correct me if I'm wrong. Torque was bought for 2.5 million common shares and another 2.5 million that can be converted from J series in a year. I'm no genius but that is 5 Million common shares all together. Point being. Anyone of us could purchase 5 million shares currently for $2000 bucks. I guess the reason that I bring this up is. Lets say it's true that Tony gets this to the strike price of .03. Wouldn't it make sense if you were the Diesel Brothers to buy 25,000,000 shares @.0004 and just wait... You'd be making 5 times the expected purchase price for your company. Is that a crazy thought? To me, IF you believe that your gonna see that price of .03 and you sold your company for $150,000. Wouldn't you want to make as much money as you possibly could? Just spitballing since I have nothing but time.
B13
Torque won't be the only one getting paid if this hits that .03 strike price within the year. Lets hope they get it to happen. Patiently waiting most of the time. LOL.
B13
I’m willing to give this time. I know it’s not even a year old. Hell 6 months. I see good things on the horizon, I’m just fighting the Veruca Salt voices screaming I want it right now. By the time my core holds are actually long then hopefully we’re far outta this channel. Good night everyone.
B13
I’m excited about the overall picture. Just bummed with the channel we’re in. I’m not going anywhere. Just venting on what I’m calling a missed opportunity for upward movement. I just have to imagine that it’s all for a good cause. My hope is that we get distribution of Vea news. Also get closer to Rise completion. I know there’s tons of stuff in the works. Just trying to remain calm and wait.
And I’m sure they get to that after a year of doing business. Until then I’ll wait.
I’m only frustrated because if you don’t gap up on news of a 4000% increase. What makes it move? I’ll wait and see.
IF.
this lives up to its potential by the filed 4th quarterly. I’ll be truly long and hopefully very green.
Until then I will remind myself that progress is slow and steady. Eventually they will dilute everything and then maybe we move.
I’m not sure who or what is diluting this. My hope is if they bought something that it’s going to increase my net worth. If it’s from previous purchases then hopefully it’s over soon. Just my opinion and frustration. Carry on.
I’m far from excited about today’s actions. Once they get everything sold. Hopefully sometime in the next couple months they stop the bs and let this move. Until then. Waiting.
Under 5 million @.0002. Millions and millions at .0003.
It’s quarterly 2 for essentially an August reboot. Less than 6 months of coming back to life. IMO the future looks bright.
B13
Execution of the plan can show great rewards.
For me it’s the accomplishment of keeping his word. I’m encouraged by any positive movement in the quarterly. I look forward to 3-4 for a more accurate picture of the future. Patiently waiting and watching.
B13
Not a big fan of it, but then again I didn't figure it was going to be spectacular since they just got started again in August. I did however like this part.
14.
1. 2.
Subsequent Events
In January 2019, the Company increased its authorized Common Stock of the Company to Eleven Billion shares
In February 2019, the Company closed its acquisition of 38.5 acres of land and three restaurants in Arizona. The purchase price was $3,625,000 les mortgages of $891,000 paid in cash and stock
Good night. Lets see what tomorrow brings.
B13
Not on the BB yet, but climbing up the most read board.
There isn't a single thing we can do one way or the other to get this moving. Good Financials, and executed business plans will move this. I personally think they are finally showing actual progress so I'm more relaxed than I have been. It's pure wait and see. IF the filed Q is awesome then this better show a share price increase or it's more of the same until there is just too much good news to keep this down. Just my 2 cents.
B13
In my mind. Correct. IMO Filed implies acceptance before being available to review. I could and am often wrong, but that is how I read it. I'd expect they will be available by Friday for us all to see. Just a guess.
there is nothing saying that Tony or someone won't reveal what has been Filed, once it's done.
B13