Midnight Holdings Group (MHGI)

[urquhart]

#2169547 uruqhart less than a minute ago 1 2 3 4 5
It is a shame that the SEC / FINRA has not investigated Death Spiral Financing (DSF) more and held people accountable for this nuisance financing scam which only benefits the lender and the insiders AND not the business itself. Anyone in their right mind would not go into business or solve cash flow problems using such a funding source especially when it alienates the shareholders and dilutes their own stock holdings, "unless" they were planning on cashing out or liquidating at the shareholders expense. In executing such a plan for cashing out or liquidating would require fraudulent activities to keep the current shareholder base from liquidating, keeping a floor in the stock price.

MHGI had a round DSF and it destroyed the business, at least so they say. Nick Cocco moved on to consulting and only the shareholders got hurt. RICHARD J. KOHL I am not sure where he went, still looking.

However I stumbled over the URL below and they seem to have enough money to run this operation and market the web site.

http://www.allnightautorepair.com/

Can anyone share some insight on what happened?

Nick Cocco who promised so much and put out several PRs does not even disclose his time with ANA / MHGI on his LINKEDIN.

http://riverstarpro.com/nicholas-cocco/

Something smells rotten in ANA / MHGI
How could Nick make all his claims and then it blows up overnight. I would like to see if he and Kohl and others got enriched on the Death Spiral.