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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.
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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
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