M Line Holdings, Inc., through its subsidiaries, engages in the beverage branding and distribution industry through Better for You VEA and TORQUE branded energy drinks in the United States. It also distributes food and beverages; and engages in the cannabis industry. The company was formerly known as Gateway International Holdings, Inc. and changed its name to M Line Holdings, Inc. in March 2009. M Line Holdings, Inc. is based in Costa Mesa, California. https://ca.wallmine.com/otc/mlhc/officer/1158629/anthony-anish
This is an excerpt from the Order linked below providing legal proof that the SEC believes that the securities associated with this stock are not worthy of an investment. Contrary to the 15-12g filed in 2017, the SEC forcibly revoked the company’s stock registration in 2006 (filed in 2013). https://www.sec.gov/Archives/edgar/data/1072248/999999999712012877/filename1.pdf
Signed, sealed & delivered by Chief Administrative Law Judge, Brenda P. Murray.
No audits coming. IMO
It has already been PROVEN that CEO Anish is a CONVICTED LIAR who has pleaded GUILTY to numerous crimes.
Here’s the proof:
Local News in Brief : 2 Men Sentenced to Prison in $257,000 Fraud Scheme
Another man, Anthony Anish, 39, of Laguna Niguel, who helped supply the credit references, pleaded guilty to aiding and abetting mail fraud and was put on three years probation, Lincenberg said. A fourth defendant, Byron Foster, 28, of Los Angeles, was acquitted. http://articles.latimes.com/1988-08-30/local/me-1426_1_credit-references
Do you really believe in a criminal who says there are no plans for a R/S? He will have no choice but to R/S when he can no longer get enough funding to run all of his scams.
No amount of volume here will bring in any real interest. Anish is either going to increase the A/S again or just R/S. IMO
Massive dilution is on the way...
At $.0004, the $2,159,185 in convertible debt would be equivalent to 9,814,477,273 shares of dilutive stock.
At $.0003, it’s equivalent to 13,085,969,697 shares of dilutive stock.
At $.0002, it’s equivalent to 19,628,954,545 shares of dilutive stock.
At $.0001, it’s equivalent to 39,257,909,091 shares of dilutive stock.
There is MASSIVE DILUTION from Anish here at MLHC. Multiple gray volume bars and the flat MACD on the chart proves that.
Anish is shamelessly crying for money to fund his shell companies, all of which were created in 2018 and 2019.
This is a certified scam. 11 BILLION A/S. 7.3+ BILLION O/S.
Let’s not forget how he stole money from kids...
AYSO Official Charged in $100,000 Theft
A regional commissioner with the American Youth Soccer Organization has been charged with stealing more than $100,000 from the nonprofit's Newport Beach office, authorities said.
Anthony Leon Anish, 55, surrendered to Newport Beach police about 1 p.m. Wednesday, department spokesman Sgt. Steve Shulman said. Bail was set at $50,000.
"The detectives are very satisfied that they were able to get [an arrest] warrant," Shulman said. "But from a community standpoint, we are certainly disappointed that money that was to benefit these kids was lost."
Anish, a Costa Mesa resident, oversaw the finances of AYSO Region 97, which serves more than 1,500 children in Newport Beach and Costa Mesa and had a reserve fund of $120,000, from February 2001 until May.
According to a civil lawsuit filed in June, he squandered most of the money on personal investments, house payments and four Los Angeles Galaxy season tickets with preferred parking, leaving the organization with less than $20,000 in the bank.
"We haven't recovered the money," Shulman said. "I don't know where it went."
Other AYSO officials said they became suspicious about a year ago, when Anish refused to provide financial information or show monthly reports.
Local AYSO officials were in "disbelief because it was something for the kids and the community," Chris Sarris, a coach and board member who took over Anish's position, said when the civil suit was filed. "We had to start from zero again." http://articles.latimes.com/2003/oct/02/local/me-ayso2
They had to start from zero again. Sounds like what’s going to happen when Anish wipes out his shareholder base with the inevitable R/S after diluting the stock to no bid.
But this is the best part...
Just like the $1,022,696 in other expenses that Anish conveniently failed to discuss in the filings. WHERE DID ALL OF THAT MONEY GO????
Here are several cases involving CEO Anish in which he failed to carry out responsible fiduciary duties:
Based on the foregoing findings, the California Corporations Commissioner is of the opinion that Money Line Capital, Inc., M Line Capital, Inc., Anthony L. Anish and George M. Colin have engaged in the business of a finance lender and/or broker without having first obtained a license from the Commissioner in violation of California Financial Code section 22100. http://www.dbo.ca.gov/ENF/pdf/2010/MoneyLineCapital_dr.pdf
In light of some unsubstantiated comparisons, let’s compare APRU’s liabilities to that of MLHC:
APRU has $0 convertible notes payable and $0 notes payable. They are at no risk of a toxic death spiral response from unwarranted selling pressure in the open market.
Therefore, it makes absolutely no sense to compare these two companies.
BUYER BEWARE!!!
The acquisition of the new public entity is worthy of an SEC investigation...
From the PR announcing the initial LOI:
The new entity we plan to acquire currently generates over $12 million in revenue and is expected to grow to over $17 million revenue this year.
And from the PR announcing the closing of the acquisition:
Newport Beach, CA, March 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”) announces that it has sold its real estate assets and its interest in the Caravel Group to Square Chain Corp. (OTC Pink Stock Symbol “SQCC”) for stock in Square Chain Corporation (“SQCC”), a significant portion of which will be issued to M Line shareholders as a dividend.
As of the most recent filing for SQCC: - $0 in revenues - $979 in cash - $233,318 in liabilities - $10,381,179 in Accumulated Deficits - -$631,361 negative cash flows from operations
It is essentially an empty shell that Anish is using to move MLHC’s assets into, which raises further concerns about possible money laundering throughout his shady organizations. IMO