FONX and MEHO are my favorite BBs. MEHO's float is about 300,000 shares !! Buy 10,000 shares and you own 3% of the float... They plan a forward split, to be approved within 30 days. They have a good credit line and been recommended by an analyst. Not bad for a relatively unknown stock! They issue stock dividends and rumor says that ICCO will be IPO-ed first or secon week of May.
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Wednesday April 26, 8:02 am Eastern Time
Meridian Holdings mulls stock split, other options
LOS ANGELES, April 26 (Reuters) - Meridian Holdings Inc.'s (OTC BB:MEHO.OB - news) board is considering several options including a stock split after shareholder concerns about the stock's liquidity, the company said on Wednesday.
Meridian, which focuses on acquiring companies involved in business-to-business electronic commerce, currently has about 31 million shares of outstanding common stock and has about 307,000 shares in the public float.
The board is expected to evaluate the various alternatives and make its determination within the next 30 days, it said.
Shares of Meridian, which started trading on Aug. 30, 1999 at 1/8 and hit a high of eight per share on Dec 30, 1999, have traded at around one in recent weeks and closed at 1-1/8 on Tuesday.
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Monday April 24, 5:16 pm Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Analyst Releases Report on Meridian Holdings, Inc.
LOS ANGELES, April 24 /PRNewswire/ -- Meridian Holdings, Inc. announced today that National Capital Securities Research (NCSR; Irvine, Calif.) has initiated research coverage of the company with a BUY recommendation. NCSR based its projections and investment conclusions upon significant company fundamentals, including:
-- Meridian's ability to generate revenue in the development stage (nearly
$1.4 million in 1999), with expectations of a significant revenue
increase in 2000.
-- The company's focus on revenue-generating e-business opportunities that
yield impressive profit margins.
-- The ability to identify acquisition candidates and complete
acquisitions relatively rapidly toward building a portfolio of
complementary e-commerce, communications, business-to-business
enterprises.
-- Meridian's recent formation of international strategic alliances for
co-development and worldwide deployment of high-tech, interactive
health care delivery systems.
-- The company's potential to become a leading network in the field of
high-tech telemedicine, e-business, e-communications and e-commerce,
given the true globalization of Internet use over the next several
years.
As the report noted, Meridian's portfolio of revenue-generating assets includes Bidfair.com (online auction); Bolingo.com (computer accessories, hardware, software); Capnet.com (information/management services, especially in analyses and clinical reports in healthcare); the ``Electronic Drug Store'' (medication management; electronic prescription services) high-technology products; CGI Communications Services, Inc. (broadband communications solutions, high-speed Internet access); Pricepickers.com, Pricepickers.net (Internet-based general mall for excess inventory at rock-bottom prices); Intercare.com (telemedicine, biofeedback). Intercare.com currently has over five software titles in the market, including electronic patient profiling, pain management, and biofeedback tools.
Founded in 1992, National Capital Securities Research is a wholly owned subsidiary of the National Capital Companies. The National Capital companies engage in full-service investment banking, brokerage, trading, and financing services primarily focusing on new and rapidly growing small capitalization companies. In addition, the group provides market making, merchant banking and lending as required, as well as access to the institutional and brokerage community.
About Meridian Holdings, Inc. -- Meridian Holdings, Inc. is an acquisition-oriented holding company focused on building, operating and managing a portfolio of business-to-business companies. Meridian seeks to acquire majority or controlling interests in companies engaged in e-commerce, e-communication, and e-business services, which will allow the holding company to actively participate in management, operations and finances. Meridian's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise and synergistic business opportunity. Meridian is committed to building shareholder value by positioning affiliated companies as independent business entities in which Meridian shareholders enjoy equity participation. Visit Meridian's web site at www.meho.com
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Tuesday February 22, 6:01 am Eastern Time
Company Press Release
SOURCE: Meridian Holdings, Inc.
Meridian Holdings, Inc. to Obtain $10 Million Credit Facility
LOS ANGELES, Feb. 22 /PRNewswire/ -- Anthony Dike, MD, chairman and chief executive officer of Meridian Holdings, Inc. (``Meridian''; OTC Bulletin Board: MEHO), a development-stage company, announced today that the company has executed a term sheet with Heller Healthcare Finance, a division of Heller Financial, Inc. (Heller) (NYSE: HF - news), for the establishment of a line of credit up to $10 million for up to 80% of Meridian's net collectable accounts receivable. The revolving line of credit will be available to Meridian for use by the Meridian group of companies to provide ongoing working capital requirements for two years from the date of closing. Meridian anticipates closing within the next 30 days, subject to customary due diligence, credit approval and documentation.
``This credit facility, which we expect will greatly enhance our ability to identify and capitalize on major new business opportunities, is becoming available at a critical time in the company's development. We see this as a major positive step and as a catalyst that will enable us to capture market share and add significant revenue over its term,'' said Dike. |
