MBH Holdings Inc (OTCMKTS:MBGH) Pulls Back After Recent Gains

Yesterday MBH Holdings Inc (OTCMKTS:MBGH), which is the parent company of AMR Resources LLC and Onepath Systems LLC, was in the news after it announced the appointment of a key executive. The company announced that it appointed a new Chief Operating Officer in the form of Samantha Sondrup.

Trading Data

On Monday, MBGH stock lost 11.54% to $1.1500 with more than 600 shares, compared to its average volume of 2.26K shares. The stock moved within a range of $0.5600 – 1.1500 after opening trade at $0.5600.

MBG Holdings Appoints Samantha Sondrup as Chief Operating Officer

She would hold that role at both MBH Holdings and also at AMR Resources. The appointment went into effect immediately. In her role as the Chief Operating Officer Sondrup is going to be in charge of driving and also maintaining the operational results at MBH Holdings. In this situation, it could be a good idea for investor to take a closer look into her credentials in order to make up their minds.

Prior to taking up this position Sondrup had been the Chief of Staff and Senior Vice President at MBH Holdings. The Chairman and Chief Executive Officer of the company James Frinzi spoke about the appointment as well. He noted that Sondrup had proven to be an effective leader and a highly skilled communicator and had already been the reason for bring about growth at the company. It wuld be interesting to see how the market reacts to the news.