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What are thoughts on MBAH? I've been watching the MM's try and take it lower today, but it looks like it's ready for a bounce. Would love some feedback.
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been a great play for me the past few weeks, ive been buying at .034-.035 and selling at .039-.045, been making good money so far. im up almost $2000 in 2 weeks on MBAH alone. im almost doing as well on MBAH as i did with trading MSEP. some advice, if you have the opportunity to get in at mid .03s go for, been working for me. it useally touches .032 or .033 before it takes off. but its very hard to get 100,000 shares at the low though.
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this wont see .02s with the stock buyback coming, after the buyback is completed MBAH will hit .05s, lots of big blocks being bought since the ceo stated a stock buyback on the open market two weeks ago.
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the divident was only 1% and that only added 1 million or so shares. the dividend and the NMDA was the main reason this hit the .40 last year, MMs had to cover. while your waitng for this to go 2 or 3 ticks lower you might miss out on the run to .05
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MBA Holdings Prepares to Shift Into Higher Gear
By Market Wire Last Update: 8/3/2005 12:57:00 PM Data provided by
SCOTTSDALE, AZ, Aug 03, 2005 (MARKET WIRE via COMTEX) -- MBA Holdings, Inc. (MBAH), today confirmed that in addition to previously announced acquisitions, the company has identified and is in talks with several potential venture partners. The current wave of negotiations is part of a planned series of early steps geared toward helping create a national network of motorcycle rental dealers while simultaneously helping improve the corporate balance sheet.
Described as the Hertz (Rent-A-Car) of the motorcycle world, MBA Holdings has recently begun adding new products and services to its offerings. The company admits similarities in the business models and also notes exciting potential parallels: Hertz has travel partnerships, loyalty programs and auto sales.
MBA Holdings' CEO, Gaylen Brotherson, stated, "Like our predecessors in the car rental business, we are finding interest in areas that we had not considered in our original business plan such as sales of related vehicle equipment as well as vehicle sales. In our case, we are reviewing an intriguing offer (from a manufacturer) to go into motorcycle production."
The company is pursuing those ventures that work to the benefit of both the corporation and its shareholders. Discussions range from preliminary to advanced stages but no new agreements have been signed since mid-July. Terms of the alliances are being withheld pending definitive agreements between parties.
"There can be no assurance that any particular agreement will be signed," stated Mr. Brotherson, "but judging by our previous successful negotiations, we are confident in our outlook on today's current situations, particularly in the Southeastern United States."
To date, management has focused on smaller deals first before attempting unwieldy growth. It is sensible to properly handle infrastructure first, as a necessary stepping-stone that allows the company to prudently work up to multi-million dollar deals. Smaller deals are significant in that they may also help increase the asset base without over-leveraging the company or unreasonably diluting the stock.
Mr. Brotherson concluded, "Based on our marketing plan, the business climate and other factors, we expect to partner with several profitable enterprises over the next several quarters. We have a number of venture partnerships in the works, mostly by design, partly by circumstance. The more opportunities we explore, the more opportunities are finding us."
"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.
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MBA Holdings, Inc. and HMO4CARS Announce Vehicle Service Programs Tuesday August 16, 3:27 pm ET
SCOTTSDALE, AZ--(MARKET WIRE)--Aug 16, 2005 -- After many months of negotiations, MBA Holdings, Inc. (OTC BB:MBAH.OB - News) and HMO4CARS have entered into a letter of intent to manage several new nationwide prepaid service programs -- HMO4CARS, HMO 4 RV'S and HMO 4 MOTORCYCLES. MBA is in business of marketing and administering automobile, RV and Motorcycle warranty programs as well scheduled maintenance programs, such as prepaid oil changes, coolant and vehicle service inspections and additional services. HMO4CARS is an Automobile Fleet Management Program for Consumers. ADVERTISEMENT
The HMO4CARS network includes thousands of nationally recognized service centers throughout the U.S. The program helps ease the burden of maintaining your car by helping you understand the services that should be performed and when they need to be completed.
MBA Holdings will market the HMO4CARS program directly through Auto Dealers, Credit Unions, Banks and via the web to Consumers and through agents that represent Dealers, Credit Unions and Banks.
The parties expect to formalize the five-year contract within 10 days of this announcement.
"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.
quote:Originally posted by roadrunnerv8383: the divident was only 1% and that only added 1 million or so shares. the dividend and the NMDA was the main reason this hit the .40 last year, MMs had to cover. while your waitng for this to go 2 or 3 ticks lower you might miss out on the run to .05
quote:Originally posted by roadrunnerv8383: the divident was only 1% and that only added 1 million or so shares. the dividend and the NMDA was the main reason this hit the .40 last year, MMs had to cover. while your waitng for this to go 2 or 3 ticks lower you might miss out on the run to .05
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things change in 3 weeks you know and i said "might" there are no guarantees in the OTC market. accumulation has been taking place the past few weeks, just wait and see what happens. the company is underavauled.
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