Finally, after supplying and responding to all inquiries and action items requested by FINRA the ticker change to MHHC has been approved. The company, McCusker Holdings Corp will begin trading with their new ticker MHHC Monday, November 13, 2017.
A recent shareholder meeting expressed big plans for the company:
- Name & Symbol Change
- New Sales & Marketing Effort
- New Board Member
- New Share Structure
- Other Improvements
As of close Thursday, the share price was only $0.0004 and has bounced between being up 25-50% today as investors finally get to see progress based on CEO Frank Hawley’s statement that his number-one priority is and always will be creation of shareholder value. He also stated that the ball has been in FINRA’s court and today ORRV got their wish. Mr. Hawley also commented he has a goal to get the company uplisted and has a vision of adding other businesses to their portfolio that will complement and enhance their value while staying focused their core warranty and service businesses.
Their Sales Pipeline Is Bulging!
MHC is re-organizing the sales and marketing team to be more customer-focused and more results oriented. There are already some very positive signs, not the least of which are the addition of several new high-growth categories to our portfolioamong them are: Airborne Drones, Commercial Oil Filters, Solar Panels, Electric and, when they begin to hit the market, Self-Navigating Vehicles, Commercial LED Products, and a whole new line of wearables. Our Prospects are bright, and were laser focused on fast, profitable growth! Our Sales and Marketing team led hands-on by CMO, Will McCusker, is energized and working daily to close new business. Our new prospects include contracts providing warranty service to OEMs of Consumer Electronics, LED and Commercial Equipment Resellers. The future is bright.
New Board Member To Be Announced
At the time of the meeting, they were unable to announce their new Board member. We checked the company’s filing and looked for an 8K to see if the new member was announced with no luck. His identity will be revealed shortly. CEO Hawley assured shareholders the announcement will be well worth the wait. MHHC wanted to clarify that their new Board member is currently a CEO, and has previously served on Boards of Directors of public companies, has been a C-Level executive of four companies, and has a vast amount of business and operational knowledge particularly around mergers and acquisitions. He is excited about the company’s prospects and looks forward to working to add significant value for their shareholders. As soon as the appropriate transitions are complete, they will send out complete and detailed bio.
Authorized Shares Raised To 7 Billion
Iincreased Authorized Shares to 7-billion was strictly for completing mergers and acquisitions, and to support MHHC operational needs. They also announced that approximately 2.6 plus billion shares are restricted with the larger number of restricted shares being in the hands of CEO Frank Hawley. Additionally, it was mentioned that there are approximately 5.2 billion shares outstanding at the time of the call.
Organizational Improvements
MHC announced that it will change the current wholly-owned business units model and create one Warranty Service Division, creating a much leaner and flatter organizational structure, eliminating duplication and increasing effectiveness. This means eliminating unnecessarily facilities expense and implementing virtual office when and where appropriate. We will look to outsource operational activities to other US companies where we can gain additional efficiencies, and eliminate legacy manual processes where appropriate. As a Holdings Company, our structural model will have multiple business units that support their unique products and services and centralize commonalities wherever possible for more efficiency.
About The Company
McCusker Holidings Corp is a leading national provider of help desk and warranty insurance administration services for a wide variety of industries. It also has created specialized service programs for the consumer electronics, furniture, auto and the heating, ventilating and air conditioning (HVAC) industries.
Investor Summary
Based on the excitement from the last shareholder meeting which caused the share price to teeter at .001 (which is a double from 0.0005), it may just find its way back there with the NEW Ticker excitement and addition of their “seasoned” board member. We will continue to follow this sub-penny next week. Due to the share restructuring and name/ticker change, Market Makers may have to adjust their positions Monday. Keyword is “may”…but this action (changing the ticker) has caused share prices to rise in the past. Please read our full disclaimer. WARNING: The iHub board may seem quite negative, but the company seems optimistic and attempting to turn things around… if you invest and fall in love with a trip zero company expecting a nasdaq quality company, then I suggest you rethink your penny stock investing strategies.