Morgan Group Holding Co (PK) (MGHL) Quote

They seem up to date with filings. Why still pink lmtd?

Asleep, wish it would wake up

Might be beginning to wake up from its slumber.

Might be beginning to wake up from its slumber.

Will anything ever happen?

Makes perfect sense, many thanks...

the 1 Share (why it's important)

When a fund already owns 1 share or more in a company/shell they means that it has been reviewed by their compliance officers and approved (share ownership) to be added into their portfolio.

When there is a major event, merger or other the Fund can simply buy more without further compliance review. Review can take weeks in some cases, and in that time prices would have already skyrocketed ...

That means this stock is on the radar of one or more Major Funds, waiting for an event, same as we are...

Industry Security And Commodity Brokers, Dealers, Exchanges, And Services

Institutional Owners 48

Shares Outstanding 600,090 shares

Institutional Shares 19,243 - 3.21% (ex 13D/G)

Institutional Value $ 124 USD ($1000)


The bulk of Institutional position entry into MGHL mainly began on December 17, 2020 when 10 tutes entered on the same day and then many after that thru February 2021. Granted the position sizes are very small, The only indication of anything occurring on or about that time was a filing of Form Type 8-K File Date: 2020-12-18 with respect to changes in its certifying accountant.

My curiosity is killing me. Why would BLACKROCK FUNDS - (iShares Total U.S. Stock Market Index Fund Investor A) open a position for 1 single share? Perhaps as a place holder in order have MGHL on their radar? I'm not sure how that works.

Will this be turned into a Semi- SPAC waiting ....

Waiting for the Big Event in 2021

Waiting for the Big Event in 2021

Finally a real bid... $30K

L2 looks interesting today! Finally time???

Pretty quiet in here recently. Wonder why?

Gabelli investments are selective involvement (they don’t serve well for commoners) no surprise, this is a pathetic purchase... nothing new.

I think we see an private placement at $10, then we roll.

Agreed. MGHL will be over $100 a share when Mario gets ready to turn on the lights. Nasdaq or NYSE?

Should see update here soon...

Wow! Looking a hell of a lot better :)

$MGHL: $250/sh price on this TODAY


Thats it


Make it HAPPEN !



GO $MGHL

$MGHL: Sitting on 5k of these



Something needs to give




Make it like $LICT at least



LICT at 17,8000



GO $MGHL

MGHL= Ticking time bomb!

MGHL: Getting close here for liftoff.

IMO

On Tues. 21 July the old SWIFT global financial system converted to a gold/asset-backed completely transparent CIPS System that included the fiat US dollar’s conversion to a gold/ asset-backed US Note (USN). #NESARA #GESARA #CIPS

Getting ready

Mghl must be getting close. Looking forward to after August 5...tick tick come on nasdaq

$MGHL: Tides should never had gone down like this


Whatever transpired after Gabelli took it over, this was never expected.

The goal was to increase shareholder value.

Instead they beat it down.

We know the value of the company and the assets and rev it was generating.

Why did they fuck it up like this so bad with the shareprice.

Anyways, back to $250 now.


Nothing less.

GO $MGHL

bids are showing tides have turned

$MGHL : THIS bitch better get back up to $250

What a stupid transition its gone thru ?


Or at least make it worth whatever his $LICT is trading at.... $18k



GO $MGHL

Feels like that is the plan... I think we see some sort of fundraising PR after distribution is done soon.

$MGHL: $15....... should just make this NASDAQ listed now



Its pointless being here on the OTC


Makes no sense at all.



$MGHL

Our time is coming.

MGHL: $10.00 So something must be coming here after August 4, 2020.

There is no way AC shareholders will get shares of MGHL if something big 2 isn't coming here.

Two words: Mario Gabelli. Net worth 1.7 billion USD
2020


https://www.google.com/search?sxsrf=ALeKk00A9AgpNMs5sIpqt3sS8Qn4Rj_W5g%3A1595371942623&ei=pnEXX5XMJcj8tAW66YyoDw&q=mario+gabelli+net+worth&oq=mario+gabelli++&gs_lcp=CgZwc3ktYWIQARgBMgQIIxAnMgIIADIFCAAQiwMyBQgAEIsDMgsILhCLAxCoAxCaAzIFCAAQiwMyBQgAEIsDMgUIABCLAzIFCAAQiwMyBQgAEIsDUPgaWPgaYOspaABwAHgAgAHxAYgB1AOSAQMyLTKYAQCgAQGqAQdnd3Mtd2l6uAEBwAEB&sclient=psy-ab





eom7 Member Level Monday, 07/20/20 11:14:41 PM
Re: makinezmoney post# 1122 0
Post #
1127
of 1127
Associated Capital Group Announces Record and Distribution Dates for Spin-Off of Morgan Group Holding Co.

GREENWICH, Conn.--(BUSINESS WIRE)-- Associated Capital Group, Inc. (NYSE: AC) (“Associated Capital” or “AC”), today announced the timing and details regarding its previously announced spin off distribution of its entire controlling ownership position in its substantially owned and controlled subsidiary, Morgan Group Holding Co. (OTC: MGHL) (“Morgan Group” or “MGHL”).

The AC board of directors (the “Board”) has established the record date of July 30, 2020, and the distribution date of August 5, 2020. The distribution is subject to the satisfaction or waiver of certain conditions as set forth in Morgan Group’s Registration Statement on Form S-1 (the “Prospectus”).

Based on the expected distribution ratio, on the distribution date, AC stockholders of record as of 5:00 p.m., New York City time, on the record date will be eligible to receive, approximately 0.022317 shares of MGHL common stock for each share of AC common stock they hold on the record date.

No action or payment is required by AC stockholders to receive the shares of MGHL common stock. Stockholders who hold AC common stock on the record date will receive a book-entry account statement reflecting their ownership of MGHL common stock or their brokerage account will be credited with shares of MGHL common stock. No fractional shares will be distributed. Instead, in lieu thereof, fractional shares will be aggregated into whole shares and sold in the open market and a pro rata amount of the net cash proceeds will be distributed to AC stockholders otherwise entitled to fractional shares. The Prospectus, which contains details regarding the distribution of the MGHL common stock and MGHL’s business and management, will be mailed to AC stockholders.

For U.S. federal income tax purposes, Associated Capital’s U.S. stockholders (other than those subject to special rules) generally will not recognize gain or loss as a result of the distribution of MGHL shares, except with respect to any cash received by AC stockholders in lieu of fractional shares. AC stockholders are urged to consult with their tax advisors with respect to the U.S. federal, state and local or foreign tax consequences, as applicable, of the spin-off.

Shares of AC common stock will continue to trade “regular way” on the New York Stock Exchange under the existing symbol “AC” with an entitlement for the purchaser to receive shares of MGHL common stock subject to the distribution if purchased prior to the ex-dividend date, which is expected to be July 29, 2020, one business day prior to the record date. Investors are encouraged to consult with their financial advisors regarding the specific implications of buying or selling AC common stock by the close of business prior to the ex-dividend date.

A registration statement relating to the shares subject to the distribution has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Associated Capital Group, Inc.

Associated Capital, based in Greenwich Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along three core pillars: Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor; the SPAC business (Gabelli special purpose acquisition vehicles), launched in April 2018; and Gabelli Principal Strategies Group, LLC (“GPS”) created to pursue strategic operating initiatives.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

Our disclosure and analysis in this press release contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that could cause our actual results to differ from our expectations or beliefs include the timing of “regular way” trading, conditions of the distribution, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, and a general downturn in the economy that negatively impacts our operations. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Form 10-K and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20200720005770r1&sid=acqr8&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20200720005770/en/

Douglas R. Jamieson
President & CEO
(203) 629-2726

Associated Capital Group Announces Record and Distribution Dates for Spin-Off of Morgan Group Holding Co.

GREENWICH, Conn.--(BUSINESS WIRE)-- Associated Capital Group, Inc. (NYSE: AC) (“Associated Capital” or “AC”), today announced the timing and details regarding its previously announced spin off distribution of its entire controlling ownership position in its substantially owned and controlled subsidiary, Morgan Group Holding Co. (OTC: MGHL) (“Morgan Group” or “MGHL”).

The AC board of directors (the “Board”) has established the record date of July 30, 2020, and the distribution date of August 5, 2020. The distribution is subject to the satisfaction or waiver of certain conditions as set forth in Morgan Group’s Registration Statement on Form S-1 (the “Prospectus”).

Based on the expected distribution ratio, on the distribution date, AC stockholders of record as of 5:00 p.m., New York City time, on the record date will be eligible to receive, approximately 0.022317 shares of MGHL common stock for each share of AC common stock they hold on the record date.

No action or payment is required by AC stockholders to receive the shares of MGHL common stock. Stockholders who hold AC common stock on the record date will receive a book-entry account statement reflecting their ownership of MGHL common stock or their brokerage account will be credited with shares of MGHL common stock. No fractional shares will be distributed. Instead, in lieu thereof, fractional shares will be aggregated into whole shares and sold in the open market and a pro rata amount of the net cash proceeds will be distributed to AC stockholders otherwise entitled to fractional shares. The Prospectus, which contains details regarding the distribution of the MGHL common stock and MGHL’s business and management, will be mailed to AC stockholders.

For U.S. federal income tax purposes, Associated Capital’s U.S. stockholders (other than those subject to special rules) generally will not recognize gain or loss as a result of the distribution of MGHL shares, except with respect to any cash received by AC stockholders in lieu of fractional shares. AC stockholders are urged to consult with their tax advisors with respect to the U.S. federal, state and local or foreign tax consequences, as applicable, of the spin-off.

Shares of AC common stock will continue to trade “regular way” on the New York Stock Exchange under the existing symbol “AC” with an entitlement for the purchaser to receive shares of MGHL common stock subject to the distribution if purchased prior to the ex-dividend date, which is expected to be July 29, 2020, one business day prior to the record date. Investors are encouraged to consult with their financial advisors regarding the specific implications of buying or selling AC common stock by the close of business prior to the ex-dividend date.

A registration statement relating to the shares subject to the distribution has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Associated Capital Group, Inc.

Associated Capital, based in Greenwich Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along three core pillars: Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor; the SPAC business (Gabelli special purpose acquisition vehicles), launched in April 2018; and Gabelli Principal Strategies Group, LLC (“GPS”) created to pursue strategic operating initiatives.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

Our disclosure and analysis in this press release contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that could cause our actual results to differ from our expectations or beliefs include the timing of “regular way” trading, conditions of the distribution, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, and a general downturn in the economy that negatively impacts our operations. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Form 10-K and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20200720005770r1&sid=acqr8&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20200720005770/en/

Douglas R. Jamieson
President & CEO
(203) 629-2726

Today’s news seems like the final piece of the puzzle. I think we start to see some real movement early next month.

tik tik tik...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156868695

D off soon?

Buying at $10 is buying at the same price the CEO did his private placement.

$MGHLD: Showing as 600k OS............





GO $MGHLD

MGHL one for 100 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Morgan Group Holding Co. Announces 1-for-100 Reverse Stock Split

https://www.otcmarkets.com/stock/MGHL/news/story?e&id=1622172

Closed today @ .15

https://otce.finra.org/otce/dailyList

1:100 Reverse Split

Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
06/10/2020 13:03:42 Reverse Split/CUSIP Change 06/11/2020 00:00:00 MGHL Morgan Group Holding Company Common Stock Other OTC
Comments
In lieu of fractional shares, shareholders shall receive cash in a pro rata amount of the aggregate cash proceeds from the sales of all fractional shares aggregated into whole shares and sold in the open market at the prevailing market price by an agent designated by the corporation.
Details
Previous Value Current Value
Symbol MGHL MGHLD
Issue Name Morgan Group Holding Company Common Stock Morgan Group Holding Company Common Stock
Class
Maturity Date
Market Category Other OTC Other OTC
Unit of Trade 100 100
Regulatory Transaction Fee Flag Yes Yes
Financial Status Indicator
Current Value
Daily List Date/Time 06/10/2020 13:03:42
Event Type Reverse Split/CUSIP Change
Effective/Ex Date/Time 06/11/2020 00:00:00
Subject to Corporate Action CD
Offering Type No Restrictions
Daily List Comment In lieu of fractional shares, shareholders shall receive cash in a pro rata amount of the aggregate cash proceeds from the sales of all fractional shares aggregated into whole shares and sold in the open market at the prevailing market price by an agent designated by the corporation.
Daily List Event Code DA
Forward Split Ratio
Reverse Split Ratio 1:100
Dividend Type Reverse Split
Percentage 0
Cash Amount 0
Declaration Date
Record Date
Payment Date
Payment Method PUS
Qualified Dividend Code
Record ID 40122623

Does anybody know what’s going on here? I’m still invested but was just wondering

Control by Mario J. Gabelli of a majority of the combined voting power of our Common Stock following the acquisition may give rise to conflicts of interests.
Mario J. Gabelli and his affiliates, and our president, Vincent M. Amabile, Jr., beneficially own approximately 87.3% and 8.35%, respectively, of the outstanding shares our Common Stock. Upon completion of the Spin-Off, Mario J. Gabelli and his affiliates, and our president, Vincent M. Amabile, Jr., are expected to beneficially own approximately 87.3% and 8.35%, respectively, of the outstanding shares our Common Stock.

Looks they're giving AC our shares.

$MGHL : Just give us our AC shares then.


I mean............ keep it simple.


AC at $38.02/sh


Why this has gone down since the RM doesn't make any sense at all ?


What purpose does it serve if they let this dwindle to where it started ?


Its like you just got yourself an amazing floater, you have AC & LICH at sky high prices.


Whatever....... i'm buying here at $0.20


Never thought we would be here.



GO $MGHL

Looks like they don't want to dividend a pink sheet penny stock... question is what price do they want this at?

$MGHL: It really should be over $1

Cash value is nothing.


The way its been beaten down is just sooooooooooo stupid.


Can't believe how badly it was taken down.


I'm adding more............ can't help it.



GO $MGHL

Trading at cash value...

got more today...

ya, I missed in the 10q about the split vote, apparently on the 4th of May... must be happening and someone jumped? who knows, I'm holdings enough for the split to occur, it hasn't yet though. These etf type tickers, played in the secondary markets, keep it under tight constraints. Haven't become a gabelli fan, out of this endeavor... I'll admit lol