Mortgage Bankers Holding Corp (MBHC) Message Board

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

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To: Terry Lyon who wrote (1130)	11/18/1999 1:35:00 AM
From: CIMA	of 1241

Interesting post from the Raging Bull thread: By: bruceski Reply To: None Wednesday, 17 Nov 1999 at 11:59 PM EST Post # of 1648 I'm starting to question MBHC management. 1)Rushovich is new CEO back this spring and has never been mentioned again. Does he really work there? 2)Board of Directors has a ton of big names and according to PR just need approval. Have they not been approved? Why? It appears we have no board. 3)Maloney said financials would be out in July. He then says they'll be out by Shareholders meeting. Then there he says end of October. Now I'm hearing another 45-60 days. Then what? Next summer? 4)Maloney makes a bunch of announcements at the shareholders meeting and now you hear nothing about any of them. Were they real? Are the afraid to put it in writing? 5)Maloney tells us there are 19 million shares in float and 34 million is max they can go up to at meeting. Now number is 28 million and 50 million. Are they printing shares or what? Which number is correct? Are both correct and MBHC is dumping shares on the market? 6)Boomers letter of Intent was signed prior to meeting and they were to meet with Boomers in Oct. Did the deal fall through? Do we own Boomers? Graham Douglas says Boomers need financing. So we own or are buying a company that is need of millions? 7) Debt was reduced to 500K but how? Looking more and more like by issuing shares. I could reduce my car payment too if I roll part of loan to credit cards and say "look my car is now worth more than I owe" 8) Book value of $1.43 was reported over and over in PR's. Was that based on 19 million? 28 million? 50 million? Is our book value going down as I type? 9) Does Maloney know when we can be delisted? He said January was the date and it would change to February when they changed the name. Sorry my friend those ain't the rules. Was the information at the shareholders meeting put out to "keep peace" in the meeting? Tell me what I want to hear and I'll keep quiet. I doubt that all these people would be involved in something that will not be huge. What would be the point for them? As shareholders, I believe we deserve answers. Before all we got was we are not commenting at this time. Now we have a PR firm and two PR's that have done nothing for the stock. Maybe its time to go all out and attempt to get to management and find these answers. Bombard them with phone calls until they give us the information we rightfully deserve. It may take away from their daily activities but since they don't tell us what they are does it really affect us? Don't get me wrong people because I am long on MBHC. Management can not be stupid enough to ruin their careers by giving out false information. I have been here for a long time and have never questioned what is going on. I have seen my portfolio drop by over $100K and think I deserve answers. I want to know if now is the time to buy cheap shares as I have been all month or what? Opinions appreciated.

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