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Microcap & Penny Stocks : Mortgage Bankers Holding Corp (MBHC) -- Ignore unavailable to you. Want to Upgrade?

To: ozzi who wrote (589)	9/14/1998 8:47:00 PM
From: Terry Lyon	Read Replies (2) \| Respond to of 1241

Checking my notes I see MBHC announced that they were appointed Escrow Agent of a $2.6 billion development project reported on Dec 8, 1997. The CEO referred to this again during the recent conference call as MBHC was still waiting. No news lately and apparently no payment either. A lot of investors were tantalized by this account and hopefully for them it materializes otherwise it could take a lot longer for MBHC to get off the ground. Other noteworthy announcements follow: Dec 18 MBHC announced its mortgage division had been approved as a Fannie May lender to sell first mortgages. Mar 1 MBHC forms internet presence. Apr 2 letter of intent to merge FMI into current MBHC operations. May 1 MBHC acquired 100% of stock of NSI. May 18 MBHC announced rollout of auto finance division. June 16 MBHC participated in Discovery Expo in NYC. July 1 MBHC CEO was available to discuss the long-term strategic outlook with shareholders. July 17 audited financial data published on their website. Aug 24 MBHC announced it will be followed by an analyst. This sounds like a real company with long-term growth prospects. I like the direction the CEO has taken. I am still waiting for quarterly results but expect them soon. I hope for announced earnings from the escrow account, but they may never materialize. What else am I missing? I am long MBHC!!!