MBA Holdings Inc. Signs Agreement with Old Republic Insurance Co.
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Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--MBAH-- MBA Holdings Inc. (OTCBB: MBAH) markets mechanical breakdown insurance (MBI) and vehicle service contracts (VSC) nationwide. MBA Holdings Inc. recently signed a nationwide contract with Old Republic Insurance Co. (A+ Rated) to market mechanical breakdown insurance policies and vehicle service contracts (extended auto warranties) for the repair of autos and trucks nationwide for Old Republic Insurance Co. in auto dealerships, credit unions, other financial institutions, direct marketing and electronic marketing over the World Wide Web (www.mbadirect.com). Old Republic International Corp. is among the nation's 50 largest publicly held insurance organizations, with a substantial interest in major segments of the industry. The company is primarily a commercial lines underwriter, serving many of America's leading industrial and financial services companies as valued customers. Since 1923, Old Republic has grown as a specialty insurance business, though it oldest subsidiary has insured lives since 1887. This relationship has allowed MBA Holdings Inc. to sign more than 100 credit unions to sell the Old Republic warranty program and sign many other new warranty accounts, at a very important stage in MBA's growth as a company. KEYWORD: ARIZONA INDUSTRY KEYWORD: INSURANCE MARKETING AGREEMENTS SOURCE: MBA Holdings Inc. CONTACT INFORMATION: MBA Holdings Inc., Scottsdale Gaylen Brotherson, 480-860-2288, ext. 317 gaylenb@mbadirect.com
------------------ Due Da Due......But Be Quick About It!!!!!
quote:Originally posted by StockMinister: Amazing is right. This is the second time in a row I cancelled an order before it ran. I cancelled at .015 today. I'm feeling a little sick right now.
posted
Yea, damnit! I saw that, and didn't pull the trigger at .0078, dumbass, I am.
quote:Originally posted by dardadog: 2004-06-02 14:33:12
MBA Holdings Inc. Signs Agreement with Old Republic Insurance Co.
***
Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--MBAH-- MBA Holdings Inc. (OTCBB: MBAH) markets mechanical breakdown insurance (MBI) and vehicle service contracts (VSC) nationwide. MBA Holdings Inc. recently signed a nationwide contract with Old Republic Insurance Co. (A+ Rated) to market mechanical breakdown insurance policies and vehicle service contracts (extended auto warranties) for the repair of autos and trucks nationwide for Old Republic Insurance Co. in auto dealerships, credit unions, other financial institutions, direct marketing and electronic marketing over the World Wide Web (www.mbadirect.com). Old Republic International Corp. is among the nation's 50 largest publicly held insurance organizations, with a substantial interest in major segments of the industry. The company is primarily a commercial lines underwriter, serving many of America's leading industrial and financial services companies as valued customers. Since 1923, Old Republic has grown as a specialty insurance business, though it oldest subsidiary has insured lives since 1887. This relationship has allowed MBA Holdings Inc. to sign more than 100 credit unions to sell the Old Republic warranty program and sign many other new warranty accounts, at a very important stage in MBA's growth as a company. KEYWORD: ARIZONA INDUSTRY KEYWORD: INSURANCE MARKETING AGREEMENTS SOURCE: MBA Holdings Inc. CONTACT INFORMATION: MBA Holdings Inc., Scottsdale Gaylen Brotherson, 480-860-2288, ext. 317 gaylenb@mbadirect.com
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
I've kept my eyes on this today and noticed that most of the buys/sells going through are for only a couple hundred dollars at a time, 5000 shares etc. Could this be one person manipulating this stock to get one of us to come in for a huge buy so he/she can unload? Not bashing here, just interested
Posts: 7 | Registered: Jun 2004
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posted
The comnment on the small buys going through is completely inaccurate. I have continued to buy in 100K+ share blocks from the opening bell and I personally know several people who have bought 500k to 1M shares today. Sorry, there were big buys, not small ones. I don't know what you are seeing or if the MMs have you snookered, but the buying pressure on this is coming from all angles and other places I'm not even aware of.
quote:Originally posted by richforlife: I mean the recent buy/sells, not this morning
I often wonder about those small shares that go through on many stocks. Sometimes they are only worth $10 or 20$. Some people feel that small buys like that are signals that MMs are using to communicate with each other, but I do not really know.
posted
P.S. Even beyond this morning, what you saw was MM shakeout tactics. They'd test to see if it would go lower. When I would block them with a large bid, they'd immediately turn tail and raise the Ask. Standard game playing on their part. Yes, they use small buys to drop it quickly on miniscule volume, but as long as buying pressure continues, they only do that to shake out sellers to fill orders. The circulating float will remain tight and this can move up with very little effort by interested retail buyers with a little money to spare.
posted
Something very important that many are overlooking... the reason this stock has such a large spread and prices move easily is that the float is very small. The main reason I invested in this company is their extremely low market cap!
They are pulling in over $1.3M a quarter, yet their market cap is $1.18M (OTCBB.com)!
Talk about undervalued! This company does not seem to have had a concern about its stock until recently. So right now it is not easy to buy this stock on the bid, but the MMs are accumulating and I think there will only be a short time that you can get in at these prices.
Currently this company is making more than GZFX but is at 1/90th of the value!
Do some DD on their website as well, there is a lot of good information and they have a very nice setup: http://www.mbadirect.com/
[This message has been edited by RedBullish (edited June 09, 2004).]
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