Sedona.....BMSPF was originally VideoMovieHouse, which was a subsidiary of First American Scientific Corporation.
As it grew on its own, a new CEO was brought in to run it. It was then decided that VMH would be a good candidate for a spin off from FASC.
This happened as a 1 for 10 spin off, meaning for those holding 10 shares of FASC, they would receive 1 share of VMH as a stock dividend.
VMH then became a separate company of its own, and began trading publicly on the OTC.
There were no longer any ties to FASC afterwards. It later changed its business plan, and morphed into BMSPF......ironically in the same field as FASC.....biomass.
P.S. My hunch is that FASC gets something big done before BMSPF. Just my hunch. Could be wrong; have been so before.
Wishing good luck to both companies.
