Joe's Natural Path To Profit

[joenatural]

BHWF - I tracked down Marc Indeglia this afternoon (Indeglia & Carney) .....

http://www.indegliacarney.com/

He's an attorney whose firm represents "The Blackhawk Fund." He gave me about 10 minutes on the phone and I cut right to the chase with regards to the rocket ship on the company's website .....

http://www.blackhawkfund.com/

As hard as I attempted to get as much information as possible, Marc understands SEC regs and wasn't about to talk about material information.

When I implied there was a R/M taking place, he was quick to let me know that a picture of a rocket ship doesn't necessarily mean that there's a R/M of any kind, stating that the website has been down a while and it could simply mean that Terminus (they took control last year) might simply be launching a website to provide shareholders with updated information about "The Blackhawk Fund."

We did talk about the share structure and the fact that the O/S count has remained unchanged for quite a long time. Indeglia said that the A/S count was high and the way he said it gives me the impression a reduction might be at hand. Marc stated that Terminus got rid of the unprofitable media division and has focused on the real estate business on top of cleaning up the shell, commenting that it's a buyers market right now.

My overall assessment ? .....

At .0016, the current market cap is $899K and with $187K in total debt (according to the latest 10-Q), I find the stock to be somewhat attractive, especially since the company is fully reporting and undoubtedly something is scheduled to take place on July 20th. The cleaning up of the shell shows sincerity towards the confidence in their business or the beginning of another business.

Without knowing what's to take place on July 20th, I would place a fair "speculative" value on the stock of .0027 or a market cap of $1.5 million, at least until we know more.

We might soon become aware of an exciting new business or we might learn that "The Blackhawk Fund" has new developments in the works surrounding present management. Personally, I don't think we'll see a new company emerge, but with Indeglia much more apt to be excited about Blackhawk's real estate business, I have a hunch we'll see a new company website emerge that talks of ongoing projects as well as new opportunities.

In selling 1/2 of my .0008's today at .0016 and 200K at .0017, I've made the decision to own shares going into the July 20th launch, as long as the price remains below .0027. If .0028 hits, I'll cash out and then wait for more details, but I will own shares below .0027 going into the July 20th launch.