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Big Casino 1518

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Big Casino 1518

Re: Big Casino 1518 post# 11

Friday, 09/14/2018 4:36:17 PM

Friday, September 14, 2018 4:36:17 PM

Post# of 151
Midwest Holding is based in Lincoln, NE. I live here also. Been invested since the beginning.

They seemed to do well at the start, then they couldn't write anymore insurance because they didn't have enough reserves. The letters from Mark Oliver, CEO, are funny. In 2017 report he stated in the letter "...a goal of writing $1,000,000 in new life insurance..." Yet, he knew they didn't statutory surplus to do that.

I'm pretty upset with management that they haven't really done anything in the last 3-4 years except collect a paycheck and watch assets dwindle.

Hopefully this loan agreement will get them going, but it will dilute the shareholders something fierce.

Rule #1 is never lose money.

Rule #2 is never forget Rule #1.

My posts are my opinions only. Do you your own due diligence.

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