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TOPIC: MGHL - Morgan Group Holding Co.

10Q indicates they are actively looking… 3 years 1 month ago #1753

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Latest 10Q has the following blurb about their activity in looking for a reverse merger company...

For the six months ended June 30, 2014, the Company incurred $74,415 of administrative expenses an increase of $36,038 from the $38,377 of expenses in the six months ended June 30, 2013, primarily due (1) activity associated with a possible acquisition evaluation and (2) the cost of the Company’s Annual Meeting of Shareholders in May 2014. Specifically during the first quarter of 2014, the Company incurred $22,500 related to a specific acquisition that it did not proceed with.

www.sec.gov/Archives/edgar/data/1162283/...02360/morgan_10q.htm

I OWN SHARES IN MGHL PURCHASED IN THE OPEN MARKET.
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Website... 4 years 1 month ago #1690

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Morgan Group Holding Company is a publicly traded fully reporting holding company with no operating businesses. We are actively pursuing business opportunities primarily in, but not limited to, the US manufacturing sector with EBITDA of $5-$20 million. We are happy to elaborate on our criteria in greater detail with interested parties.

morgangroupholdingco.com/



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Last Edit: 4 years 1 month ago by Editor.
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MGHL - Morgan Group Holding Co. 4 years 10 months ago #1640

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The new CEO, Jonathan P. Evans, has been employed the past six years by Crane Merchandising Systems, a division of Crane Co.

Gabelli's funds own about 9.87% of Crane Co. per Yahoo Finance.

From Crane’s Co. 2011 10K: The Merchandising Systems segment employed approximately 1,680 people, had assets of $409 million, sales of $374 million, and operating profit of $30 million.

Also, Jonathan P. Evans father is R.S. Evans, the Chairman of Crane Co. and prior CEO.

Crane Co holdings on Yahoo Finance:
finance.yahoo.com/q/mh?s=CR+Major+Holders


I OWN SHARES OF MGHL PURHASED IN THE OPEN MARKET.
Last Edit: 4 years 10 months ago by Editor.
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MGHL - Morgan Group Holding Co. 4 years 10 months ago #1639

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New CEO to replace Mario J. Gabelli...

MGHL issued an 8K and Press release announcing their new CEO.

Also note the focus of the shell: "Areas of opportunity include, but are not limited to, US based manufacturing businesses that produce EBITDA of $5-$20 million."

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Press Release
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Jonathan P. Evans Joins as Chief Executive Officer

RYE, New York, October 22, 2012 - (OTC: MGHL) Morgan Group Holding Co. is today announcing that Jonathan P. Evans has been appointed as the Company’s Chief Executive Officer, effective November 1, 2012. In the position he replaces Mario J. Gabelli, who remains non-executive Chairman after more than ten years of service in the role, for which he received no salary or fees. Mr. Evans also has been elected to the Board of Directors.

Mr. Gabelli said “I believe that Jonathan will provide the leadership needed to guide the Company as it identifies and implements its growth strategy.”

Mr. Evans served in several positions for Crane Merchandising Systems, a division of Crane Co., most recently as Director – Strategic Initiatives. In 2006, Mr. Evans received an MBA from the Columbia University Graduate School of Business.

MGHL is a holding company whose primary assets, at June 30, 2012, consist of $321,832 in cash and marketable securities and a capital loss carry forward of approximately $4.5 million which it expects will substantially expire in 2013.

Areas of opportunity include, but are not limited to, US based manufacturing businesses that produce EBITDA of $5-$20 million.

This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It should be recognized that such information may be based upon assumptions, projections and forecasts, and must be read in light of the cautionary statements set forth in documents filed by Morgan Group Holding Co. As a result, there can be no assurance that any possible transactions will be accomplished or be successful or that financial targets will be met, and such information is subject to uncertainties, risks and inaccuracies, which could be material.

Morgan Group Holding Co.’s web address is: www.morgangroupholdingco.com.
Contact: Robert E. Dolan
Chief Financial Officer
914-921-1877
12-1
140 Greenwich Avenue * Greenwich, CT 06830 * (203) 629-0258

morgangroupholdingco.com/pdf/12-1.pdf

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MGHL - Morgan Group Holding Co. 5 years 10 months ago #1593

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Interesting info in the DEF14 filing from MGHL…

They filed their first DEF14 since incorporation (2001) announcing their Annual Meeting of Stockholders, which is the first such meeting since 2002 (see below). The Proxy includes nominees for Directors (Mario J. Gabelli and Robert E. Dolan) and to ratify the appointment of their auditor.

Also interesting, is information about how Mr. Gabelli lost 276,250 shares to the State of Connecticut in September 2010 due to escheatment law requirements. This probably explains the mysterious 700k shares that traded on 9/20/2010 (see previous entry for this). Maybe the 276k shares were double counted. If the shares were sold into the market, and Mr. Gabelli is trying to take back the shares (as stated), maybe they will have to go into the market to buy them back. For more information on Escheatment, see: www.sec.gov/answers/escheat.htm

From the DEF14 Filing:
Represents 340,000 shares owned by a limited partnership for which Mr. Gabelli serves as a general partner (Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest), and 235,294 shares owned by LICT Corporation (Mr. Gabelli is a “control person” of LICT Corporation and therefore shares owned by LICT Corporation are set forth in the table as also beneficially owned by Mr. Gabelli). In September 2010, American Stock Transfer & Trust Company, LLC (“AST”), the Company’s transfer agent, transferred 276,250 shares of the Company’s common stock owned directly by Mr. Gabelli to State of Connecticut. AST claims that the transfer was pursuant to escheatment law requirements in the State of Connecticut. Mr. Gabelli disputes this claim and AST is taking remedial steps to reinstate Mr. Gabelli’s direct ownership of 276,250 shares of the Company’s common stock. Mr. Gabelli disclaims beneficial ownership of the shares owned by the partnership and LICT Corporation, except for his interest therein.
www.sec.gov/Archives/edgar/data/1162283/...82/morgan_def14a.htm

From the 12/31/2002 10K:
NOTICE IS HEREBY GIVEN that the 2002 Annual Meeting of Stockholders (the "Meeting") of MORGAN GROUP HOLDING CO., a Delaware corporation (the "Company"), will be held at 4:30 p.m., local time, on Friday, August 9, 2002, at the Bruce Museum, One Museum Drive, Greenwich, Connecticut,
www.sec.gov/Archives/edgar/data/1162283/.../form10kmghl2002.txt

The Morgan Group Holding website:
www.morgangroupholdingco.com/index.html

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MGHL - Morgan Group Holding Co. 7 years 7 hours ago #1529

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[Re: MGHL - Morgan Group Holding Co.]
MGHL very active today, it has traded 733,082 shares. There are a total of 3,055,345 shares outstanding ... so about 24% of the total outstanding has traded today. Very unusual for this thinly traded stock.

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