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Re: Dusty2 post# 935

Friday, 09/04/2009 3:10:17 PM

Friday, September 04, 2009 3:10:17 PM

Post# of 1866
Share structure has not changed since 2007. They posted gross profits in 2007 and their AS share structure has not changed since September of 2007. That is 2 years! This tells me they have not had the need for additional capital! Here is my contact with Delaware this morning.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41196107

info: Routing your chat request to a Corporations Information Center Representative . You are person 1 of 1 waiting to be served. Important: Please do not provide sensitive information (such as social security numbers, etc.) while chatting.
info: You are now chatting with 'Pearlina' with the Delaware Division of Corporations Information Center.

Pearlina: Hi Ryan,

Ryan: Hi Pearlina

Pearlina: Hello, Please hold as I review your question.

Pearlina: 1,000,000,000 shares of common stock at .00005 par value and also 10,000,000 shares of preferred at .001.

Ryan: Thank you

Pearlina: You are welcome.

Pearlina: Thank you for contacting us online.




MHGI posted a gross profit during 2007 and you would only think that they would have made more money during the worst era for new car sales in like 40 decades.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41200233

Gross Profit:



During the nine months ended September 30, 2007, gross profit increased by $870,500 to $871,800 compared to the nine months in the prior year. The increase in gross profit can be attributed to increased sales of product to our joint venture operations which does not require any labor or shop costs and to the greater reliance on our corporate purchasing and in turn, the selling of the products to the joint venture operations.



During the quarter ended September 30, 2007, gross profit increased by $244,000 to $287,700 compared to the gross profit for the quarter ended September 30, 2006. The increase in gross profit can be attributed to increased sales of product to our joint venture operations which does not require any labor or shop costs and to the greater reliance on our corporate purchasing and in turn, the selling of the products to the joint venture operations