Unlike many posting here I'm not going to pretend I know whats happening or make blind accusations about fraud, or "house of cards" or pumping. Here is what I will say. In my previous life I worked for a holding company and worked on many (over 50) acquisitions. Not all went smooth and many got delayed for various reasons. Of course we were a $4B fortune 500 and NYSE traded company but we were buying companies as small as $5 Mil in revenue to $150 Mil. #MLHC has at least admitted why the delay - that they are a mess with their filings and need to get those done as well as repair their financing to get better terms and improve cash flow. So I don't see it as some pie-in-the-sky bull crap. It may fall through completely or it may not. If it falls through I don't think it'll be because it was false to begin with (more on this below). The important thing is that it, and others planned / hoped for, will improve the revenue and profits if / when they close. My guess, based on experience, is that the companies targeted are small mom and pop type shops that are willing to sell to M-Line for the potential upside, legal, operational and eventual accounting support. Stuff they'd rather not deal with. M-Line is just a holding company so the businesses will still function as they did before but should free up some time for the current owners to manage the actual business. They've likely been sold on the potential for the stock going up and the company growing if they join M-Line. When I joined the company I did acquisitions, one of our businesses was about $150 million. We grew to over $2 billion withing 5 years through acquisitions.
As for "pumping" - I've looked at several pump tracking sites and have yet to see any promotions or pumps for MLHC. "Pumping" with false press releases about target acquisitions or business plans makes no sense. That would be blatant fraud and these guys aren't that stupid. Why perform a scam if you know you'll lose it all because of such an obvious and provable offense? Also, Bluestar and the other companies mentioned as acquisition targets are real companies. If the announcements were inaccurate or false don't you think those companies would speak up?
As for the new business they announced with respect to Vape pipes note that they stated they did so as they already had the capabilities and a customer came to them. So if your company has the capabilities already so there is minimal investment and now has a ready made customer then why not expand, especially if you need to grow profits and the new line would be profitable to start.
