Replies to post #7255 on MHHC Enterprises Inc (MHHC)

[jrf30]

Let me make one adjustment to your post.

<<Seriously all i know is I have shares in orrv which says they have a 5% stake in the value of the emeralds>>

I don't think they have a 5% stake in the emeralds. Or even a 5% stake in the value of the emeralds. I think that is too narrowly focused, and just not accurate.

I think they have a 5% stake in the company that Jay set up that owns the emeralds. Man,. what a difference that makes!!

So, they own 5% of the company which will show the emeralds as gross income, and the debts of about $10 million that was disclosed as expenses, plus whatever else is there on their books, and THEN the company will come up with a NET profit for the company overall.

ORRV owns 5% of THAT number. I'm being realistic. they own 5% of Jay's company, in exchange for whatever Scott contributed to the deal. To take a value on the emeralds and think they own 5% of that number is totally inaccurate. They own 5% of the company. the company that has over $10MM in debts. And then Jay will take a salary for his work, plus reimbursement for his past costs. those are not debts as he calls them, but he WILL get that back before any "net profit" is taken into consideration. After all those things, and after all that money goes out thee door, THEN the company has a final net number, and ORRV owns 5% of that number.

And that's a HUGE difference than owning 5% of the value of emeralds. Personally I think that makes the income coming to ORRV very small when this is said and done. And THAT is why the stock touched on its all time low yesterday again. And is down so much since the rise that occurred on Monday morning.

Hope is great, but they are NOT getting 5% of "the value of the emeralds". Don't shoot the messenger ...