UPDATE on MGHI...
Mirage Holdings (OTCBB: MGHI)
Mirage Holdings(OTC BB: MGHI)is the only company we have profiled in 1999 that is not trading at a premium to the price on the date we released the original profile.
When we releasedthe profile in January the stock was trading in the $3.50 range. We know that many of our members actually invested in this stock closer to the $4 range. Since January, the stock has traded as high as $4.375, and as low as $2.625. You could have traded this stock over the last 4 months, and made or lost a small amount of money. During this same time period, the Company has been providing us with a stream of news releasesdemonstrating a very positive fundamental trend.
It is simplya matter of time until stocks like Mirage Holdings, that are making
tremendous fundamental progress, but haven't been recognized by Wall Street, become targets for substantial accumulation by investors. Withthe improving trend in the Russell 2000, money managers and individual investors will inevitably start seeking growth and value in these smaller,unrecognized companies. Although we cannot predict exactlywhen Mirage Holdings will pop up on the radar screens of Wall Streetprofessionals, we do know that eventually sales and earnings growth willbe recognized and reflected in the share price.
One of thereasons we originally agreed to represent this company was our belief thattheir relationship with Daimler-Benz Leasing Companies world widereduced the risk in the stock. Working off a solid foundation ofconsistent business with Daimler-Benz Leasing, the Company couldthen go out and expand. The last several press releases demonstratethat Mirage Holdings is well on its way to significant growth infiscal Year 2,000. Here are some recent corporate events:<ul><li>On Thursday, April8th, Mirage Holdings announced a major new partnership with ICOMInformatique of France. ICOM is a major player in E-CommerceInternet Solutions in Europe. Discussions with senior managementat the company lead us to believe that this relationship could generate a minimum of $1 million in revenue in year 2,000, a 20% increase over 1999total sales. ClickHere to read the press release.</li><li>On Friday, April16th, Mirage announced that the company strengthened its managementteam considerably by adding Mr. Naeem U. Ghauri as a Managing Director of Netsol UK, Ltd. Mr. Naeem Ghauri, was a Project Director with Mercedes-Benz Finance Ltd., UK a subsidiary of Daimler-Chrysler, Germany. He managed a substantial project valued over $70 million, which also involved managing a team of 200 project managers, users, programmers and systems analysts. Mr. Ghauri was employed at Mercedes for over four years and recentlyleft to join Netsol UK. ClickHere to read the press release.</li><li>On Tuesday, April20th, Mirage announced the completion of the acquisition of theremaining balance of Netsol PK and NetSol UK, as we originally believedthey would. Click Hereto read the press release.</li><li>On Thursday, April22nd, Mirage announced preliminary sales results through the first 3 quartersof fiscal 1999. As expected, sales growth was 300%,and earnings were also up over 1400% over the previous year. ClickHere to read the press release.</li>
</ul>In conclusion,Mirage Holdings has not disappointed us in terms of Corporate Performance. The fundamentals continue to improve daily. We believe it is only a matter of time until these events are reflected in the price of the shares.
Investors needto exercise some patience with this stock, and should look at current levels as a potential opportunity. If you did not read the original profile,now would be a good time to do so. ClickHere to link directly to it. If you have an interest in thisCompany, please sign their mailing list for automatic updates on Corporatedevelopments. Click Herefor the mailing list.
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Disclaimer
The Stellarstocks.com Newsletteris an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. All statements and expressions are the sole opinions of the editors and are subject to change without notice. This profile is neither an offer nor solicitation to buy or sell any securities mentioned. This newsletter is owned by SSP Management, Inc, a wholly owned subsidiary of 1st Net Technologies, Inc ("1st Net"). While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which they are affiliated, may own stock in and have other financial dealings with the companies who appear in the publication. To thatdegree, this newsletter should not be regarded to be an independent publication. SSP Management, the parent company of the Stellarstocks Newsletter, has been paid a fee of $50,000 in cash, and 50,000 shares of restricted stock as compensation for representing Mirage Holdings for a period ofone year. The Stellarstocks.comcritiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.
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We encourage our readers to invest carefully and read the investor information available at the web sitesof the Securities and Exchange Commission ("SEC") at sec.govand the National Association of Securities Dealers ("NASD") at nasd.com. We also strongly recommend that you read the SEC advisory to investorsconcerning Internet Stock Fraud, which can be found at sec.gov can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its website.
T A P has received 30K shares of MGHI from Clearweather Investments Ltd. for services provided for a period of 6 months For a complete write-up on other Turn Around Picks go to T A P profile for url. |
