Mortgage Bankers Holding Corp (MBHC) Message Board

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Microcap & Penny Stocks : Mortgage Bankers Holding Corp (MBHC)

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To: CIMA who wrote (1124)	8/6/1999 3:58:00 PM
From: Terry Lyon	Read Replies (2) of 1241

What is happening to MBHC? We have a lot of good news recently and it appears new management is putting "the house" back into shape. MBHC holds 667,000 units of the U.S. Growth Fund valued at $1.43 per MBHC share by court records (also an audit of the nearly $4 billion Growth Fund Partnership has been reported but I can't find the reference, Chairman Jack Birnholz, 305-931-2427). New management at MBHC, Royce Flippin, Jr., Chairman, and Kevin Maloney, President, carry impressive credentials (see reply #1055 and press release on 26 Mar 99) and appear to be righting the wrongs of previous management. Questions still remain: How will the planned merger between Growth Fund Partnership and CHES benefit MBHC and shareholders? Why have the audited financial data been delayed beyond July? Why haven't shareholders been given an exact location for the meeting so we may plan our attendance? Shareholders need to work together to answer the many troubling questions that remain concerning MBHC.

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