Midnight Holdings Group (MHGI)

[jholl13]

I wonder what the chances are of MHGI ever becoming an operating company again or merging with another company? I tried to dig up some useful information and came across investing.businessweek.com which showed up-to-date information that Nicholas Cocco is still the CEO, President and Chairman of MHGI and has been since 2005. He is also involved in several other companies, such as Halberd Corp, which is a reporting, current company that is trading at .05 right now.

Is it possible for a stock to continue trading, even after a company has ceased to exist and everyone involved has moved on to other ventures? If it's not possible, then there must be a reason for allowing a stock to continue trading at such a low value, all the while owing over $100,000 in taxes.

Sorry for the long post, just thinking out loud...