posted
MBAH .033x.034 great bounce play, dips at the end of the week to .032-.033 and the company releases news on monday or tuesday useally and it runs to low .04s, ive made a little over a grand on it in the last two weeks on two trades, plenty of support at .03, 20 MMs on the bid at .03 or higher. been a great play for me recently, im back in today.
Posts: 824 | Registered: Oct 2004
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posted
hope some of you got in today, im up $800 on my 115,000 share buy i placed this morning. think ill hold to see kind of news MBAH puts out next week rumor is there will be a buyback completed soon.
here is the part in the PR from last week stating a buyback-
"MBAH Chairman Gaylen Brotherson continued, "I am working on a proposal to present to the MBAH Board of Directors on a share repurchase plan of the Company's common stock. In the proposal, the Company, from time to time and as funds become available, will purchase through the open market and in privately negotiated transactions, portions of common stock of MBAH as the proposal allows. We believe that based on current market prices, our stock is undervalued and that it is in the best interest of our Shareholders for us to acquire shares in the open market."
since last week there have been several 250,000 share buys at the ask. several million, i would have to say its most likely the buyback by MBAH on the open market. i havent seen this many large block trades go thru since ive been trading this stock.
Posts: 824 | Registered: Oct 2004
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MBAH Announces Stock Restructure 8/4/2005 9:23:23 AM SCOTTSDALE, AZ, Aug 04, 2005 (MARKET WIRE via COMTEX) -- MBA Holdings, Inc. ( MBAH ) announces the restructure of earned common stock.
Gaylen Brotherson, CEO of Cactus Family Investments, and Wayne (Lumpy) Ordakowski, Founder of Blue Sky Motorcycle Rentals, Inc., have placed their cumulative 48.5 million common shares of MBAH stock into an escrow account. Under the terms and conditions of the agreement, Mr. Brotherson and Mr. Ordakowski can only receive their previously earned shares at qualified triggering events.
Share release events are based on sustaining a 15-day average of the daily closing price of MBAH stock. Increments for release of the earned shares are 10% at .10, 10% at .20, 20% at .30, 20% at .40, 20% at .50 and 20% at .60.
Brotherson and Ordakowski have retained their rights to immediately receive their shares, without restriction, in the event of a verified/certified takeover, buyout or merger bid of the majority of the outstanding shares of MBAH stock.
Wayne (Lumpy) Ordakowski commented on the restructure, "We have listened to our Shareholders and believe not only is this the right thing to do, but hopefully we'll increase investor confidence by setting aside our shares. I'm here for the long run and I'll do whatever it takes to help build this company."
Gaylen Brotherson, CEO of MBAH, stated, "We are all here for the long run, and I believe MBAH stock is severely undervalued at our present share price. With actions like these, I'm anticipating the market will react favorably. One of our missions is to increase sales and the other is to build Shareholder value that will in turn build company value. We effectively removed 48.5 million of the outstanding shares of the company today by locking them up in this restructure. It is another incentive for us to build this company into the powerhouse I believe it can be."
Brotherson continued, "We completed the Blue Sky Las Vegas and Phoenix store acquisitions and also shored up a few deals we've been working on for months. We'll announce those in the near future."
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to business conditions and the amount of growth in the insurance or associated automotive industries and general economy, competitive factors, and other risks detailed from time to time in the company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q. The company does not undertake any obligation to update forward-looking statements.
For additional information contact: MBA Holdings http://www.mbadirect.com Investor Relations: Equitilink Ron Garner (877) 788-1940
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