Updated MLHC DD
MLHC Share Structure according to OTCmarkets.com
Market Value$ $282,731 a/o Oct 30, 2014
Shares Outstanding 942,437,503 a/o Oct 30, 2014
(Proxy shows OS as 942,437,603 a/o Oct 21, 2014)
Float 824,496,563 a/o Oct 30, 2014
Authorized Shares 1,000,000,000 a/o Oct 30, 2014
So, the company shut the dilution down on, or prior to, October 9, 2014.
The company cannot dilute until early December! This is in the most recent proxy filing so there is breathing room for the next month or so.
Market value is only $282,731 for a company generating over $10M in revenue. This is just ridiculous!
With the 2 reported acquisitions forecasted revenue moves to $25M+ and EBITDA of over $5M. Looking way undervalued at these levels and there are 2 more acquisitions in the works. The company is looking to increase revenue inorganically to over $50M with these bolt on acquisitions. Furthermore, the company has established a financing subsidiary - "ML Machinery Funding, Inc., to manage and fund all equipment sales for transactions involving customer financing." A lot going for this company right now, imo.
MLHC
M Line Holdings, Inc. Signs Letter of Intent With The Byran Company, Inc.
This Acquisition Plus the Prior Announced Blue Star Machinery Will Bring M Line's Revenue to In Excess of $25M, With an EBITDA Expected to Be $5M+
M Line Holdings, Inc. Issues Preliminary Results for Fiscal 2014 Reflecting an EBITDA Improvement of $5,317,352
Key Customer Supports M Line Through Transitionary Period Supplying Raw Materials
ANAHEIM, CA, Sep 30, 2014 (Marketwired via COMTEX) -- M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company") is a leading provider of Products, assemblies and services to the precision high tech segment of both the aerospace and medical industries as well as selling high end pre-owned Japanese Computer Numerically Controlled ("CNC") Machine Tool Equipment with key customers that include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and a strategic alliance with Structural Integrity Engineering.
M Line today announced its preliminary results for the year ended June 30, 2014. The preliminary results show revenues of $10,800,122 for Fiscal 2014 compared to $9,324,685 for Fiscal 2013 an improvement of almost 16%. The results reflect EBITDA of $1,706,243 compared to EBITDA of ($3,611,109) in Fiscal 2013 a massive improvement of $5,317,352. The final profit shows results of ($750,157) after taking into account non cash derivatives, non recurring costs and also reflecting additional costs that occurred since the year end relating to the settlement with TCA. These unusual and extraordinary costs total almost $2,000,000 and were not reflected in our original forecast nor were the costs associated with the move to our new facility. Further a capital commitment was not effected during this period which would have absorbed the added costs. Without these costs and the loss of the capital commitment we would have achieved our forecast.
M Line is also pleased to announce support from one of its key customers that is assisting M Line's cash flow by supplying some expensive raw materials. This shows the continuing commitment from M Line's customers.
Over the last few months some of the financing of the Company has been achieved using time convertible debt. This debt has unfortunately resulted in many more shares being issued than expected but is close to being complete. However, in order to satisfy the just concluded settlement agreement with TCA, M Line must refinance using time and price deferred convertible debt, on which it is currently working with several sources indicating positive interest. Although this strategy is necessary at this time, we expect a lesser effect on dilution and thus less pressure on the market capitalization value.
Because of the time involved in completing a settlement agreement with our current primary Lender, our acquisition strategy is taking a little longer than expected with the first closing imminent and negotiations on the next three acquisitions very close to completion. M Line will be a totally different Company during Fiscal 2015 with much greater revenues and EBITDA.
MLHC forecasts $20M in revenue for 2015 due to expansion plans!
Tony Anish, COO of M Line, further stated that "With this first acquisition, we anticipate over $20 million revenues for fiscal 2015 and EBITDA of over $4 Million. This is just the first step in our expansion plans. More acquisitions are on our agenda."
