Monarch Services Inc (MAHI): Float for MAHI 1: AS I recall from th...

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LouisDesyjr

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Wednesday, 01/15/2020 7:36:26 AM

Wednesday, January 15, 2020 7:36:26 AM

Float for MAHI

1: AS I recall from the past years, and I have followed MAHI since the 1980s, is the company had 1.6 million shares outstanding with 30% held by the founder and his son. The father, Eric Dott, passed away in 2016 so I am going to guess that all of the 30% shares with officers are held by the son now.

2: While it does look like the company filed for reinstatement, I do not think anything else will be going on. I also notice that the company stopped filing annual reports and then did an administrative dissolve around the same time as Eric Dott passed away (at age 89) so I am going to guess there was some 'disruption' with filing the annual report while the estate was being settled.

3: While the company charter does appear to be properly filed now and annual reports being brought current, I do not think there are any assets or operations anymore and am not even sure why the stock still trades.

Louis J. Desy Jr.