Replies to post #42837 on Mesa Home Resources Inc (MHRE)

[exlud]

I have to second Wally on that. If you look at the last quarterly report, you see this:
2008 authorized: 1,000,000,000 issued: 22,423,692
2009 authorized: 200,000,000 issued: 69,535,704
Significantly more shares outstanding, but quite a reduction in authorized shares.
2010 (June): authorized: 200,000,000 issued:86,942,566
Pretty reasonable increases for a new company. I checked the Delaware SOS site, and it says they are "not in good standing" which concerns me a bit (they probably are just late on some filings/fees), but why that is I don't know. Delaware charges fees for more information: "Additional Information is available for a fee. You can retrieve Status for a fee of $10.00 or more detailed information including current franchise tax assessment, current filing history and more for a fee of $20.00.".
I believe an increase in authorized shares would require a filing with them. If I'm wrong someone can correct me on that.
It seems to me that when they generate revenue and build a customer base that they could issue the entire 200,000,000 and still be trading higher than they are now.
Essentially I'd like to see more press releases (like we've gotten lately) just so we know what is happening day to day, along with some revenue growth. That and a return to regular filings with the SEC. The quarterly reports on pinksheets are fine, but I really believe a fully reporting company would help bring in more investors.

[SlimPickun]

Most of the shares that the company has issued in the past two quarters have been priced at $.01 or less. Those shares were given to individuals or businesses that provided funding or services for the company. I believe that these individuals or entitys are the ones who are selling stock. They are selling at a profit of 100% or more because they recieved them when they were worth $.01 or less. These individuals did not pay for the stock but recieved them based on a valuation of the shares at that specific time. Most likely the individuals or businesses that recieved the shares do not care as much about the company as those of us who bought our stock on the open market. Therefore they are selling their shares because they want cash not a portfolio full of shares in a company. These individuals are not trying to keep the price down. They just prefer cash!

So, YES! I believe the company is the culprit. They need to start promoting the company and marketing themselves to investors or hire someone to do it for them. There is no need for the company to give away stock at a penny a share when it could be trading and valued at $.10 or higher.