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  • pigpoor2002 pigpoor2002 Aug 14, 2002 5:00 PM Flag

    net cap

    do you experts think the 5MM nasd award will cause a net capital violation.?

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    • in last 10Q mhmy alleged they had 15 mill in assets. based on losses of 500K per month in first quarter, and assumign they are still losing that much, and fact securities they were holding have undoubtedly declined with the rest of the market since that 10Q, i think their assets could have dropped a fair amount, and their net capital, and that they are getting close to a problem in this area. I heard from an ex MHMY guy months ago, before the big market dump, they wer worried about this. also-- that link posted will get you to the complaint I filed against MHMY on behalf of MHMY holders. think it speaks for itself. look for another link soon re a differnt case agaisnt mhmy. BTW, whenever this dog gets delisted, this board goes away, so post now, cause it shoudl be soon they are gone.