Replies to post #57048 on M Line Holdings Inc (MLHC)

[msubulldog92]

Let the BS begin....

[tutankhamuns]

A stock buyback is not possible for MLHC (PROOF)

For Nevada corporations, except as otherwise provided in the corporation’s articles of incorporation, no distribution (including dividends on, or redemption or repurchases of, shares of capital stock) may be made if, after giving effect to such distribution, the corporation would not be able to pay its debts as they become due in the usual course of business, or the corporation’s total assets would be less than the sum of its total liabilities plus the amount that would be needed at the time of a liquidation to satisfy the preferential rights of preferred stockholders. Nev. Rev. Stat. § 78.288. viii, § 170.

https://incorporationsolutions.com/nevada-delaware-comparison/

MLHC has $2.23M in assets.
MLHC has $11.83M in liabilities.

Of that $11.83M in liabilities, +/- $2,159,185 are toxic convertible notes.
https://backend.otcmarkets.com/otcapi/company/financial-report/211618/content

Therefore, Anish claiming that a share buyback is coming soon is yet another PROVEN LIE.

$MLHC

[gemmerling]

That's great news. I look forward to the $MLHC OS remaining unchanged tomorrow when the TA updates the share structure.

[SkyTrader7]

AWESOME. This will leave trips any time

[Loudude117]

"NEWS COMING"...well every time it does it goes lower...0002 "No one is diluting".......yeah ok

[QServus]

The OS has not changed.

Since last 6 days.

But tomorrow it will change