Thursday, October 25, 2018 3:32:48 PM
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144323240
Below is the PR released by MLHC where the CEO stated that their Outstanding Shares (OS) was in the area of 3.8 billion shares:
From the past month from Sep 18, 2018 to Oct 19, 2018, MLHC has traded over 10.9 Billion shares in volume as can be confirmed from the volume history link below:
https://ih.advfn.com/stock-market/USOTC/m-line-holdings-inc-pl-MLHC/historical
Some people were claiming that the company was diluting shares. I believe the volume was all from retail investors as per the explanations below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144199370
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144212193
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144212792
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144247684
The word ”diluting” is synonymous with the word ”dumping” in this situation. Within the PR above, the CEO mentioned that there would be some restricted shares added which is a form of dilution, but it’s not dumping. The thought was that the company was ”dumping” billions of shares because of the over 10.9 billion shares in volume traded over the past month. The thought was under consideration because of MLHC not having filed its financials and not having had their share structure confirmed from their Transfer Agent yet that caused some unsure thoughts. Now, all of that is done confirming no ”dumping” of shares.
Below shows that the Outstanding Shares (OS) for MLHC is 4,233,395,330 shares that is made up of the 3,835,840,654 shares that the CEO referred to in an earlier PR plus the added 397,554,676 shares that are restricted shares and are shares per the company tweet that are for salaries for Directors and preferred shares factored into the common shares:
More important to note is the ”official” confirmation from their Transfer Agent (TA), Transfer Online, Inc., that confirmed the MLHC share structure and that the company was not dumping shares as the numbers were consistent to what was stated by the CEO.
We can believe Transfer Online, Inc. as their new TA because Transfer Online files their TA-2 with the SEC on a regular basis. This is important to understand because this is legitimate proof of how their TA is very qualified in what they do and state. Transfer Online, Inc. would not ever allow MLHC to do anything illegal with their shares as they have far too much to lose as they are very qualified.
A Transfer Agent must initially first file a Form TA-1 to be approved by the appropriate regulatory agency. Then after approval, they will file a Form TA-2 with the SEC on an ongoing basis. Now read below as further legitimacy where the MLHC TA (Transfer Online, Inc.) has filed within the SEC their Form TA-2 under File Number 084-05808:
Below are the SEC filings for Transfer Online confirming that they are a legitimate source and qualified entity to confirm the share structure for MLHC:
https://www.sec.gov/cgi-bin/browse-edgar?company=+Transfer+OnLine&owner=exclude&action=getcompany
https://www.sec.gov/Archives/edgar/data/1083597/000149315218004074/0001493152-18-004074-index.htm
Below are the rules of the Transfer Agent in greater detail per the Securities and Exchange Commission (SEC) below:
https://www.sec.gov/divisions/marketreg/mrtransfer.shtml
Below is more information that might be helpful regarding the roles and responsibilities of the Transfer Agent (TA):
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
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