Have you seen what they have become? Their recent merger puts them over $20 million a year in revs. Their current market cap is like $4.2 million. (16m o/s current pps .26)
When this first started like 3 years ago, Hertz (NYSE: HTZ) placed members on their board to assure they are successful. Years in the making all coming together now.
MNHD owns the exclusive franchise rights to Hertz Equipment Rental in all of Mongolia and their gov just signed off on like a $4 billion infusion into the country's mining operations and MNHD has close ties to the gov.
Part of the acquisition deal is for the stock to be at $2 a share. Its all in their news and 8-K's. The float is only 6.7 million shares.
This merger puts the company worth roughly $168 million using a 10 year valuation with a 15% discount rate and a 5% growth rate. Or as she sits, $9 - $11 pps.
They have a history of filing late but they always file. They haven't filed for the last three quarters but from what I hear, its because they are anticipating to add the merger into the filings but it kept being held up. But now that it's done, we should expect to see them catch up the filings soon.
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