Replies to post #52588 on M Line Holdings Inc (MLHC)

[1jk1]

$MLHC> https://globenewswire.com/news-release/2018/11/01/1641344/0/en/M-Line-Holdings-Inc-Closes-Acquisition-of-The-TORQUE-Beverage-and-Apparel-Brand.html



Stock Market Times
Yesterday at 6:04 AM ·
M Line Holdings Inc (MLHC)

M Line Holdings Inc (MLHC) is a Holding Company. It controls subsidiaries involved in the Beverage Branding and Distribution industry that includes our “better for you” VEA brand and our TORQUE energy branded beverages. In addition, M Line controls two subsidiaries in Florida in the Food and Beverage distribution business and M Line has now expanded into the Cannabis Industry with the acquisition of our C-pod manufacturing business. Furthermore, M Line will continue with its business financing activities while continuing to look for other opportunities in the Beverage, Distribution and Cannabis industries as well as other prospects that make sense to management.

MLHC is one to watch and also be sure to check out this stock that is currently flying under the radar and has a lot of room for growth in the coming months.

In recent news M Line is excited to announce that is has closed its acquisition of the 38 acres of land, the three restaurants and the event center in Arizona. This is the first step in the growth of our hospitality division. The company will be working on plans for the development of the land including a gas station and travel center, RV Park and hotel over the next few months. The purchase price includes preferred stock that converts to to 189,250,000 shares of common stock that cannot be converted for one year plus $600,000 cash paid over six months. Tony Anish, CEO of M Line, commented “This is a major step in our growth plans. This restaurants had revenues of approximately $ 1 million for 2018. We are forecasting over $3 million in revenue for the restaurants and event center in 2019. These locations are profitable and we plan to increase that profitability substantially. Furthermore, we are already negotiating another acquistion for the hospitality division which will add a further $15 million in revenue. We hope to finalize the terms this month. We plan to develop the land to include a gas station, travel center, RV park and hotel in the future.

Looking at there volume for the week shows they had a huge spike Thursday. After that their numbers hovered at a higher amount than before the spike happened. What do you guys think about MLHC? Leave a comment below and let us know your option.

[Blackthirteen]

100 J series is locked up for a year. It converts to 2,500,000 million common shares. IF I'm reading the PR correctly and by doing the math of 5,000,000 times .03 = 150,000. It's correct.

Believe me nobody wants this to hit that strike price as much as me. I'm buying the crap out of this myself.

A sustained price over .03 will make my retirement very comfortable.