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I don't think they will file anything with OTC in the near term...
Fine for me as the y are now providing public information on their official website.
No plan of trading the stock. The only thing that matters is that the Company isn't an empty shell and has a business plan.
If successful, if able to be profitable, BFHJ will make us happy.. Long term and worth the risk at this stage.
should see the stop sign removal one of these days
https://www.otcmarkets.com/stock/BFHJ/overview
$BFHJ
pretty amazing what can be found on the internet these days
http://pvcalc.org/pvcalc
hard to determine the BFHJ-Korean JV variables, though
In India, here's what a 1MW solar plant may generate annually
Assuming 16lakh unit generation from 1MW project your revenue realization will be : Rs 10400000 and even if your expenses turn out to be 80lakhs including interest payment, Operation & maintenance and miscellaneous charges your investment is fruitful. (Source Shivani Jha who has consulted for more tha 200MW solar projects)
10,400,000 Indian Rupees = $141,381 USD
Multiply this by the recent $BFHJ August '21 pipeline number of 142MW being generated, and all of a sudden there appears to be BFHJ-Korean JV annual revs of $20,076,102 USD
wow
Thank you.
Nice to see these updates.
New developments from updated quarterly report...
In August of 2021, The BFHJ-Korean JV was notified that one of its Puerto Rican joint ventures was awarded the
right to negotiate a contract for a 48 MW solar pv project with 80 MWH of battery storage. During the past 90
days, the BFHJ Korean JV expanded its activities in Nevada adding, 2 additional phases to that project so that the
company’s Nevada project pipeline now totals 142 MW of solar pv projects and 250 MWH of battery storage.
http://beneficial-holdings.net/resources/BFHJ+QTRLY+OTC+MKTS+FILING+8-31-21.pdf
and financials...
http://beneficial-holdings.net/resources/Beneficial+Holding+FS+-+6-30-21.pdf
$BFHJ
Only viable explanation would be the float is locked, Share Structure as of 8-13-21 there are only 941,069 available to be in the float.
https://www.otcmarkets.com/stock/BFHJ/security
BFHJ SECURITY DETAILS
Share Structure
Market Cap 58,346 08/30/2021
Authorized Shares 200,000,000 08/13/2021
Outstanding Shares 941,069 08/13/2021
Restricted 39,225 08/13/2021
Unrestricted 901,844 08/13/2021
Been here way to Long! Appreciate the info. How this pos isn’t in the trips yet is astonishing! Maybe one day it will be resuscitated!
lol I know you've been here for as long as I have, and thought you might like to see some recent back-and-forth between Greg McAndrews and myself...
Me:
Hi Mr McAndrews!
Do you think that the recent BFHJ financials along with an attorney letter will be sufficient for the OTC Markets website to remove the stop sign?
OTC Markets | Official site of OTCQX, OTCQB and Pink Markets
OTC Markets | Official site of OTCQX, OTCQB and Pink Markets
Also, do you believe that would most likely have BFHJ removed from the TD Ameritrade restricted securities list?
https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf
More than likely, OTC Markets is experiencing a huge volume of last minute filings, and causing webesite update delays.
Greg:
reply -- they said 6-8 weeks after the filing date due to large volume. they said protected from SEC deadline by merely filing.
--GMc
second reply -- didn't see your second question below the box at first. no one can predict what any b-d's compliance department will do. no consistency. i read that TD W has set an Aug. 13 deadline to only SELL certain stocks, NO buying. who knows.
--GMc
reply -- BFHJ has never been a 12g SEC reporting company. it has always been an "alternative filer" with OTC Markets. it voluntarily files quarterlies with the SEC because it applied for a CIK code to better communicate. once current, it plans to continue to file quarterly and year-end results, as well as material events, on a timely basis.
--GMc
So, it seems like $BFHJ may be on its way
8/13 $BFHJ share structure update
https://www.otcmarkets.com/stock/BFHJ/security
Nice catch it should well be interesting to say the least
anticipating Q2 financials by Monday, and reasons why this subsequent event took place...
Subsequent to March 31, 2021, two members of Management notified the Company that they intend to exercise
their options and warrants to acquire up to 15,000,000 common shares of the Company. See also Notes 6 and 8
herein.
should be interesting
$BFHJ
updated share structure as of 07/16/21
https://www.otcmarkets.com/stock/BFHJ/security
$BFHJ
so, what if this $BFHJ-Korean JV is a 50%/50% deal and $BFHJ gets fully diluted out to a 33M OS...what could this do to the share price?
In December, 2019 the Company, through Clean Energy, entered into an agreement with a Korean electric utility company (the “Korean Utility”) to pursue the acquisition of operating solar projects and develop new solar and battery projects in the United States (the “BFHJ-Korean JV”). Presently the BFHJ-Korean JV is pursuing the acquisition of $280 million of operating solar projects and the development of $1 billion of new solar pv and battery projects. As part of these activities, through June, 2021 the BFHJ-Korean JV has entered into several joint ventures with local developers in Nevada and Puerto Rico to develop in excess of 50 MW of solar pv projects and 300 MWH of battery storage. The Korean ESS Company is providing engineering support for all battery storage applications.
(50% X $1.28B)/33M OS = $19.39/share
agree Gatsby...those new NV and Puerto Rico deals are a massive start
$BFHJ
The main news is that they are releasing the FS after months/years.
And it is nice to have a summary of the past years of activity.
Having said that.. no big nice surprise in terms of activity until 2021... Quite no revenue and expenses..
But 1st quarter shows less charges and they listed several projects which should bring revenues.
So yes...everythings point to BFHJ being back in business.
Let's see what happens next !!!
...and several new subsidiaries have been formed
BFHJ Energy Solutions
LLCBFHJ Project Solutions
LLCBFHJ Clean Energy Solutions
LLCGENCO International Technologies
LLCBeneficial Power
LLCBFHJ-KOEN Solar Partners
LLCAlicity-BFHJ Clean Energy Partners
LLCBasin Street Solar, LLC
$BFHJ
yes Gatsby...pretty big stuff going on behind the curtain
Presently the BFHJ-Korean JV is pursuing the acquisition of $280 million of operating solar projects and the development of $1 billion of new solar pv and battery projects. As part of these activities, through June, 2021 the BFHJ-Korean JV has entered into several joint ventures with local developers in Nevada and Puerto Rico to develop in excess of 50 MW of solar pv projects and 300MWH of battery storage. The Korean ESS Company is providing engineering support for all battery storage applications.
$BFHJ
So nice to see the end March quarterly report and catch up of previous years !!!
This is quite a NEWS !!!!
Not posted yet on OTCmarkets but it's a day off... tomorrow could be a big day for us !
http://www.beneficial-holdings.net/3.html
I believe that the original board of directors helped in cultivating these relationships
$PNNX
great question, and management seems to believe in what's happening now too...
BENEFICIAL HOLDINGS, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)12As described in Note 4 herein, an affiliate of a member of Management has provided substantial funding to the Company under the terms of a Credit Agreement which is secured by all the assets of the Company.As described in Notes6and 9 herein,two members of Management have notified the Company that they intend to exerciseoptions and warrants to acquire up to 15,000,000 common shares of the Company under the terms of those agreements and offsetting the exercise price of such options and warrants in the aggregate amount of $350,000 against amounts owed them by the Company.NOTE 9 –SUBSEQUENT EVENTSSubsequent to March 31, 2021, two members of Management notified the Company that they intend to exercise their options and warrants to acquire up to 15,000,000 common shares of the Company. See also Notes 6and 8herein.
$BFHJ
Good Observation. I wonder how they do it. How could a company this size get into all these game changing relationships with large investment grade companies and top notch service providers?
Happy Independence Day, All!
$BFHJ fireworks about to begin
quite the updates...thanks OTCDOG!
$BFHJ
senkevitch is running the show
http://beneficial-holdings.net/7.html
$BFHJ
take a look at subsequent events pages...there are so many deals with multinational companies
http://beneficial-holdings.net/resources/Beneficial+Holdings+Inc.+FS+3-31-21.pdf
currently $BFHJ has in excess of $1M in assets
$BFHJ has cut its operating loss by 80% in the 3 months between 12/31/20 and 3/31/21...so, revs are most likely really ramping up
approximate 33M shares will be converted as options/warrants, leaving a super low float relative to upcoming subsequent events
wow how nice!
check it out...ultra low share structure still intact, and updated verification of $BFHJ NOT being a shell company...
http://beneficial-holdings.net/resources/QUARTERLY+OTC+MARKETS+FILING+6-28-21.pdf
this all means that $BFHJ is abiding by the new SEC reporting rules, and that the curtain is beginning to open
how exciting!
this entire page is different...
BFHJ Energy Solutions, LLC is an integrator of value added energy conservation technologies and services for the Built Environment (Infrastructure, Buildings, Public Sector and Institutional Facilities). Energy Solutions provides comprehensive turn-key solutions including, evaluation, design, installation, finance, operations, monitoring, maintenance and analytics.
Energy Solutions is concentrating on three major technology platforms – LED relamping installations, solar and on-grid LED streetlights and comprehensive building management systems.
Energy Solutions has developed solar street light applications as well as environmental monitoring systems and protocols for the Built Environment. These technologies were developed in conjunction with established technology companies and we retain all US marketing rights.
We have established the Virtual Property ManagerSM
branding for our system and retain rights to the service mark.
$BFHJ
this page has taken down the backlog of business...
http://beneficial-holdings.net/8.html
so, it looks like $BFHJ is catching up with demand
yep...this is new
In October, 2018 Project Solutions, entered into a joint venture with a landowner to develop a 250 unit multifamily rental property in northern New Jersey (the “Bergen JV”). The Bergen JV has entered into various agreements to acquire the land and development rights necessary to develop the project. Project Solutions is currently completing the land assemblage in order to commence the development.
$BFHJ
Hey Team, Looks Like the website was revamped..... Real Estate Page and Corporate communications page......Digging in now!!!!!!
6/4/21 $BFHJ share structure update
https://www.otcmarkets.com/stock/BFHJ/security
here's a look at Michael S Davies on linkedin, as chief technology officer of $BFHJ, a few years ago
currently running our green econometrics subsidiary
https://www.linkedin.com/in/greenecon/
just received this email from Etrade
E*TRADE
View in Browser
Updated SEC rules for over-the-counter securities
New rules will affect your ability to buy and sell “Pink No Information” securities, including at E*TRADE
On September 28, 2021, new requirements take effect that will impact the market for—and value of—certain “over-the-counter (OTC) securities” you currently hold or have held in the past. The new rules apply to “Pink No Information” OTC securities of companies that fail to publicly report and keep current financial and other company information and will restrict the ability of U.S. brokers, like E*TRADE from making these products generally available.
Some background on the new requirements
The Securities and Exchange Commission (SEC) recently adopted amendments to SEC Rule 15c2-11 governing the submission and publication of OTC quotations. These amendments will prohibit broker-dealers from submitting or publicly disseminating bid/ask quotations for OTC securities of issuers that do not meet enhanced information filing requirements.
more greenecon.net updates yesterday
https://greenecon.net/2021/05
$BFHJ
as it applies here
UPDATES ON SEC RULE 15C2-11 AMENDMENTS
The upcoming implementation of amended SEC Rule 15c2-11 will require that all companies quoted on our markets must disclose current information on a continuous basis, effective September 28, 2021.
Pink companies will need to update their disclosure to ensure they comply with the new requirements.
Alternative Reporting Companies: OTC Markets has updated the Disclosure Guidelines for Alternative Reporting Companies to include all the information required under amended Rule 15c2-11. Companies must follow the Guidelines to be designated “Current Information” or “Limited Information” and remain publicly quoted.
Bank Reporting Companies: OTC Markets has created new Disclosure Guidelines for Bank Reporting Companies to include all the information required under amended Rule 15c2-11. Banks and bank holding companies must follow these Guidelines to be designated “Current Information” or “Limited Information” and remain publicly quoted.
International Reporting Companies: Companies that are current in their periodic disclosure and are listed on a Qualified Foreign Exchange that requires disclosure in English will remain in compliance and may continue to be publicly quoted. Other international companies seeking to ensure their ongoing compliance may publish their disclosure directly to OTC Markets for review.
Impacted Pink companies should provide the required disclosure to OTC Markets by June 30th. This will ensure that our Issuer Compliance Team has sufficient time to review and update market status for companies prior to the rule’s compliance date on September 28th. Securities that do not meet the Rule’s disclosure standard will have their public quotes removed from Pink as of the September deadline.
Contact issuers@otcmarkets.com for more information.
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
yet another share structure update, going into the final innings, before the 6/30 deadline
https://www.otcmarkets.com/stock/BFHJ/security
let's do this, $BFHJ
yes, very nice, there is $BFHJ life
Some
Volume today!
Impacted Pink companies should provide the required disclosure to OTC Markets by June 30th. This will ensure that our Issuer Compliance Team has sufficient time to review and update market status for companies prior to the rule’s compliance date on September 28th. Securities that do not meet the Rule’s disclosure standard will have their public quotes removed from Pink as of the September deadline.
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
Companies that are designated as “Pink No Information” or otherwise fail to provide current information as required by the Rule will no longer be eligible for public quoting, subject to certain limited exceptions (for example, certain quotations submitted on an “unsolicited” basis). If these companies do not take proactive steps to make disclosure available before the September 2021 compliance date, they will move to the Expert or Grey market.
https://blog.otcmarkets.com/2021/01/26/transforming-the-otc-markets/#:~:text=Rule%2015c2%2D11%20serves%20as,biotech%20startups%20to%20multinational%20corporations.
***The SEC's Amended Rule 15c2-11 will come into effect in September where all Alternate Reporting (not registered with the SEC) will be required to have accurate and adequate disclosures at OTC Markets, and I suspect even delinquent SEC registered stocks will also lose compliance to Rule 15c2-11 and consequently lose Market Maker quotations.
Every investor's FIRST due diligence is to check EDGAR to see the reporting status of any stock being considered for stock trading.
https://www.sec.gov/edgar/searchedgar/companysearch.html
spoke to IR guy, Greg McAndrews, about it and he said that the filing was simply "corporate recording keeping required by state of nev. the document speaks for itself. not a material event. additional comment from management."
so, apparently no big deal, but leads me to believe that $BFHJ management has every intention to abide by the new SEC transparency regulations beginning their effect on 6/30/21.
At this stage anything is good
Any speculation about this ?
something's happening here with a recent internal amended certification of stock designation on NV SOS...probably issuance of new control block before news release
03/10/2021 03/10/2021 20211322078 Amended Certification of Stock Designati... Internal
$BFHJ interesting
https://www.nvsos.gov/sos/home/showdocument?id=1087
anybody noticed recent company coverage from green econometrics?
scroll down to around AT&T or Ciena or Verizon or T-Mobile or Tesla or Salesforce or Qualcomm
https://greenecon.net/mega-trends-thematic-research-and-analysis/energy_economics.html#more-566
rules for OTC disclosure and transparency change on 6/30/21
hope all y'all are still around
$BFHJ
seeing continual updates here
https://greenecon.net/
$BFHJ
4/9/21 $BFHJ share structure update
https://www.otcmarkets.com/stock/BFHJ/security
So true, miner
$BFHJ
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| Value From Market Knowledge ABOUT BENEFICIAL HOLDINGS, INC. Please contact us at: |
CLEAN ENERGY GROUP
BFHJ Clean Energy Solutions, LLC
Solar - Combined Heat and Power - Waste to Energy
Our Clean Energy Group concentrates on Commercial Solar Projects, Combined Heat and Power Projects and Waste to Energy Projects.
Value From Market Knowledge
LIGHTING & CONTROLS GROUP
BFHJ Energy Solutions, LLC
Comprehensive Turn-key Energy Management Solutions
BFHJ Energy Solutions, LLC is an integrator of value added energy conservation technologies and services for the Built Environment (Infrastructure, Buildings, Public Sector and Institutional Facilities). Energy Solutions provides comprehensive turn-key solutions including, evaluation, design, installation, finance, operations, monitoring, maintenance and analytics.
Energy Solutions is concentrating on three major technology platforms – LED relamping installations, solar and on-grid LED streetlights and comprehensive building management systems.
Energy Solutions has developed solar street light applications as well as environmental monitoring systems and protocols for the Built Environment. These technologies were developed in conjunction with established technology companies and we retain all US marketing rights.
We have established the Virtual Property ManagerSM branding for our system and retain rights to the service mark.
Currently, BES is operating in 12 states, and has successfully completed more than 250 projects
https://www.energysage.com/supplier/6393/beneficial-energy-solutions-llc/
DATE | TYPE | LINK | ||||||||||||
| ||||||||||||||
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3/31/22 | 12/31/21 Unaudited Financial Statements | 12/31/21 Unaudited Financial Statements |
3/31/22 | Quarterly Report | Quarterly Report Q1 2022 |
| ||||||||
Independent Public Accountants | GBH CPAs, PC |
CORPORATE COUNSEL: | SHULMAN HODGES & BASTIAN, LLP |
Stock Transfer Agent: | Action Stock Transfer Corp. |
Corporate Communications and Investor Relations: | Greg McAndrews & Associates |
09/09/22 Share Structure: Authorized Shares: 200,000,000 Outstanding Shares: 10,941,069 Held at DTC/Float: 728,990 http://beneficial-holdings.net/resources/QUARTERLY+OTC+MARKETS+FILING+6-28-21.pdf | |
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