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Monday, June 01, 2015 7:53:21 PM
1) we know there was a closing scheduled.....
2) we know there was a strong mention of ABL
$$$$$$ closing to tie in with new financing
3) ......concentration has been to finish the audit of the 10k.....perhaps it took longer and needed to finish to MOVE FORWARD...ie...OTC FILINGS....(GETTING CURRENT!)
4) READ....THE BOTTOM PARAGRAPH!
I'm happy they are updating their status!
QED
Closing Date Set to tie in with New Financing
ANAHEIM, CA / ACCESSWIRE / May 19, 2015 / M Line Holdings, Inc. (MLHC) ("M Line" or the "Company"), has extended its close date for the first acquisition. The date will tie in with the closing date of the Company's new financing.
The Company's concentration has been to finish the audit of the 10-K and complete the final round of financing. This has resulted in a slight delay in closing the BlueStar acquisition. Our focus is to complete the various SEC filings with the intent to restore our OTC QB listing.
Bruce Barren, CEO of M Line, commented: "We are pushing forward as fast as possible but with limited resources we were unable to complete everything in a timely manner, but we are still on track to close BlueStar and complete our SEC reporting requirements."
Tony Anish, COO of M Line, further stated: "We are very close to completing the audit of our June 2014 10-K and the three remaining outstanding 10-Q's will follow very quickly. We have had to place our emphasis on becoming current in our filings and fully reporting again in order to regain Shareholder Value. Furthermore, we are negotiating the restructure of our asset based financing on a non dilutive basis."
About M Line Holdings, Inc.:
AIMO GLTA
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