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To: Janice Shell who wrote (11256)11/10/1998 3:46:00 PM
From: Taki  Read Replies (1) | Respond to of 26163
 
Janice this tells you what kind of a Market Maker MHMY is.

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Related QuotesMHMY
15/16
-1/8
delayed 20 mins - disclaimerTuesday November 10, 2:44 pm Eastern Time

Company Press Release

SOURCE: M.H. Meyerson & Co., Inc.

MHMY Announces Third Quarter Financial Results

JERSEY CITY, N.J., Nov. 10 /PRNewswire/ -- The following is being issued by M.H. Meyerson & Co., Inc., a member of the National Association of Securities Dealers, CRD number 540:

M. H. Meyerson & Co., Inc. (Nasdaq: MHMY - news; approximate price: $1.00) announced today an unaudited net loss, after full provisions for state and federal taxes, for the third quarter (ended October 31) of the fiscal year ending January 31, 1999 was $(2,164,039), or $(0.43) per share. The Company reported third quarter revenue of $2,791,988. This corresponds to a gain of $395,748, or $0.07 per share and $10,956,900 revenue reported for the same period last year.

Average diluted shares outstanding for the quarters ended October 31, 1998 and 1997 were 5,055,335 and 6,718,008 respectively.

Three months ended Nine months ended
October 31, October 31,
1998 1997 1998 1997

Revenue $2,791,988 $10,956,900 $19,707,211 $22,397,473

Net Income (Loss) $(2,164,039) $395,748 $(1,713,128) $(840,831)

Per Share $(0.43) $0.07 $(0.34) $(0.17)

Average Shares 5,055,335 *6,718,008 5,054,648 5,028,297

* Fully diluted average shares is computed giving effect to the potential exercise of the Company's exercisable outstanding options and warrants, using the modified treasury stock method, except where such calculation would be anti-dilutive.

M. H. Meyerson & Co., Inc. is a full service international financial services firm, with seven separate divisions: Wholesale Trading, Correspondent Services, Fixed Income Services, Institutional Sales, Syndicate, Retail Services, and Investment Banking.

SOURCE: M.H. Meyerson & Co., Inc.

He is losing money like crazy.