Updating IBOX ~
Speculation is the fuel for many 1000%+ runs in the pinky market. The most lucrative being the Reverse Merger play. Most R/M plays are discovered via Secretary of State changes, or 8k filings...ect. Great post by Rainmaker on WHY R/M plays run so much on speculation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57896386&txt2find=box
I have rarely come across a Shell that pretty much spells out something is coming, like we have here with BGTH. I had this stock on radar in Sept, and noticed it's 10Q filing, where it showed 3 candidates it was in merger discussions with. Its latest 10Q out a week ago, shows only 2 candidates. Hmmmm.
I have spent a few hours diggin on this one and will have a DD post out sometime today. Based on everything i have found, i think BGTH can go .20 to.75 going forward IMO.
Here is the wording from the filing:
Our management is currently in discussions with three potential merger candidates with companies in the following categories:
Electro coagulation is an electrochemical method of treating polluted water whereby sacrificial anodes corrode to release active coagulant precursors (usually aluminum or iron cations) into solution. Accompanying electrolytic reactions evolve gas (usually as hydrogen bubbles) at the cathode.
Electro coagulation has a long history as a water treatment technology having been employed to remove a wide range of pollutants. However electro coagulation has never become accepted as a mainstream water treatment technology.
The lack of a systematic approach to electro coagulation reactor design/operation and the issue of electrode reliability (particularly passivation of the electrodes over time) have limited its implementation. However recent technical improvements combined with a growing need for small-scale decentralized water treatment facilities have led to a reevaluation of electro coagulation.
On Line Distribution of Unique/Differentiable Dietary Supplements
An online media and marketing company engaged in the promotion of alternative health remedies and other health living solutions. Their marketing activities primarily target the demographic segment comprising persons in the United States between the ages of 18 and 50 although they also reach consumers outside of this group.
The business model for this entity entails its primary revenue through the sales of products through our opt-in email offers, various websites, affiliate marketing, and advertising. Their management contends that the quality of their products and effectiveness of our marketing network will be the primary reasons for the success of their entity.
Their company's principal core philosophy is to create, or partner with, products backed by science and catering to market segments that provide a net positive benefit with a long-term customer lifecycle.
Now the bigger piece to this puzzle is our CEO Scott Landow. He was Founder/CEO/President of BNLB, a company on pace for $12 million in revenues this year. He founded the company! Not only that, he stepped into a director role. Is he now trying to do something with BGTH???
Now a couple Key things that will really add some kick to the trading today:
Authorized shares is 100 million , 70,852,030 outstanding, and CEO Scott Landow owns 54% of the OS. Tight Share structure!
Tradeable float today since we woke up the shell appears to be in the 3 to 5million share range. Check the chart and you can see how we can move up 200% to 300% very fast on low volume with buying pressure..
I did the Math, and only 19 million shares traded on BGTH since 2003. And guess where the stock was at in 2003?? $4!!!!! Wont take much to get to .50 plusif we get some volume IMHO ~
Here is some screenies i took of the possible merger candidate :