[patience_in_waiting]

Thank you, Brook. Good find.

[brooklyn137]

there is a pretty good discussion of S4 in the link below starting at paragraph four. Apparently, if the S4 is prepared correctly, it can be approved quickly.

https://www.nelsonmullins.com/idea_exchange/alerts/securities_alert/all/minimizing-sec-comments-and-managing-the-review-process-for-form-s-4-registration-statements#:~:text=A%20Form%20S%2D4%20registration,mergers%2C%20consolidations%20and%20exchange%20offers.

[patience_in_waiting]

And how much of a nightmare bureaucratic process is that?

[anthazar]

I also believe that this type of merger would require S-4 registration of all stock.

[anthazar]

A lot of speculation, I would bet that when the time comes the definitive agreement will spell out the entire process.

[liftruck]

Thanks. There was talk years ago about doing it all at once. Then some posts here referenced it.

[brooklyn137]

Unless they can work out a deal with the exchange to do it all at once. Not sure how that works, but if it is profitable enough for the exchange I suspect they will find a way.

[liftruck]

Ok. So no uplift with merger.

[brooklyn137]

Without the ELGL shares in the company, BFNH doesn't even come close to meeting the uplisting requirements for the NYSE.

400 round lot owners, no.
Market value of publicly held shares, defined as excluding shares held by officers directors or 10% holders or their families, at least 100 million, no.
Minimum share price 4 dollars, no.
Average monthly volume 100k. I doubt it.

[liftruck]

I was thinking of just getting the merger done. But sounds like some are thinking merger and uplift announcing together. Is this so?

[Bigboy36]

Noted !

https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf

[patience_in_waiting]

Maybe, but don’t forget the NYSE has their own list of requirements.

[Bigboy36]

Regarding point 1…..

Would this be relevant ?

https://listingcenter.nasdaq.com/assets/initialguide.pdf

[DJS1]

When will Predictive start trading again?
Will it be under the same symbol or a different one?

[brooklyn137]

I stand corrected, and even more so at two million.

[anthazar]

Exactly!!!!!

[anthazar]

Spot on....

[patience_in_waiting]

I'm under the impression the float of BFNH is closer to 2 million shares.

https://www.otcmarkets.com/stock/BFNH/security

[brooklyn137]

I think you may be right, PIW. If what you or someone else said that the ELGL shares will not be immediately converted to BFNH shares is true, and the float of BFNH is only 5.18 million and possibly fewer in the DTCC, news could be very disruptive to the market for the stock.

However, as a stockholder, I would like to know what's holding up this train.

[patience_in_waiting]

A couple thoughts:

1) I would agree the price was brought to near $3 for a reason, and that we are likely on the cusp of meaningful development(s).

2) I would not necessarily agree an announcement is imminent. Based on the relatively small size of the float, I don't get the sense those in power need us, the small investors, to make this company/stock successful. If I'm right, an announcement only brings potentially unwanted attention. Sure it would be nice for us investors to read what has been going on behind the scenes, but probably unnecessary for the continued development/success of the company.

[liftruck]

Seems to me they have to announce something soon as they try to keep the stock around 3.00. They can't do this forever.

Or it will drop again and back to square one as happened in the past.

What say u patient_n_waiting?

[needsomestock]

For what it's worth - OLD POSTS below.

ELGL - There is a lot of information on their website. No current filings to validate operations. https://elementglobal.com/

BFNH is an empty pubco with no assets, no operations. (but it was announced as a merger candidate for ELGL last year - one can assume due diligence has taken longer than expected) The company is current and up to date with filings.

=============================================
The below is old posts from 2021
=============================================
Friday, August 27, 2021
Re: None

My understanding is that Merle Ferguson has stated in the past that he does not intend to dilute ELGL shareholders. I would question, how could he?

ALL THE VALUE IS IN ELGL. There is perceived value in BFNH because of ELGL and the fact that "people" wanted the price of BFNH higher.

There are also Finra and OTC Complaint filings that can be made on behalf of shareholders.......do these guys really want people sniffing around.

Just look at the information below!!! (If any or all of it is accurate?) Combine the below information with the private literature that "the company" has circulated to potential investors and friends.....

...there was a reason the stock ran to 60 cents a couple years ago. A special PDF document was circulated by people at the company.

------------------------------------------------------------------
ValueInvestorOTC Sunday, 08/22/21 09:45:47 AM
Re: Infoscouts post# 24257 0
Post #
24258
of 24275

(Excerpt from old post)

Let's review the situation:

1. The people associated with ELGL, would they do improper things with ELGL? Why would anyone jeopardize a lifetime of success and not represent the value of Element:

- John LaViolette
- Sasha Shapiro
- Steve Gagnon
- Gary Lewis
- Merle Ferguson

2. BFNH is a current reporting OTC Shell - Net value $500k. (that's a "K") It has no current operations and no assets, except the shell itself. The share price is arbitrary and possibly higher because of the potential ELGL deal.

3. ELGL has told shareholders they have Billions (that's a "B") of Dollars in Mining assets. A bond with face value $600 million and a website with suggested operations in many areas, sports, media, etc. The share price is manipulated because of trading status presently and lack of buying allowed in the United States.

I for one think us ELGL shareholders should get something like 10 BFNH shares for every 1 share of ELGL, but that likely will not happen.

-------------------------------------------------------------
(Old Post - follow the links and read it for yourself.....it is plain to see and plain for regulators to see......why would any jeopardize their credibility of the company to screw a few shareholders)

What's new? People, mining, money, studios, website

ELGL People
https://finance.yahoo.com/news/bravo-multinational-inc-appoints-four-133000430.html

ELGL People added to Board of Directors
https://finance.yahoo.com/news/bravo-multinational-inc-elects-three-133000857.html

The People
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156983990

Mining
https://www.globenewswire.com/news-release/2019/08/22/1905593/0/en/Element-Global-Inc-s-ELGL-Subsidiary-Element-Global-Mining-Enterprises-Announces-Strategic-Plan.html

The Money
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152952185

This video is so good, media.
https://vimeo.com/444720424/5a4bcd908b

New Website
www.element-mediagroup.com/index.html

Original Website
www.elementglobal.com

[needsomestock]

For what it's worth - OLD POSTS below.

ELGL - There is a lot of information on their website. No current filings to validate operations. https://elementglobal.com/

BFNH is an empty pubco with no assets, no operations. (but it was announced as a merger candidate for ELGL last year - one can assume due diligence has taken longer than expected) The company is current and up to date with filings.

=============================================
The below is old posts from 2021
=============================================
Friday, August 27, 2021
Re: None

My understanding is that Merle Ferguson has stated in the past that he does not intend to dilute ELGL shareholders. I would question, how could he?

ALL THE VALUE IS IN ELGL. There is perceived value in BFNH because of ELGL and the fact that "people" wanted the price of BFNH higher.

There are also Finra and OTC Complaint filings that can be made on behalf of shareholders.......do these guys really want people sniffing around.

Just look at the information below!!! (If any or all of it is accurate?) Combine the below information with the private literature that "the company" has circulated to potential investors and friends.....

...there was a reason the stock ran to 60 cents a couple years ago. A special PDF document was circulated by people at the company.

------------------------------------------------------------------
ValueInvestorOTC Sunday, 08/22/21 09:45:47 AM
Re: Infoscouts post# 24257 0
Post #
24258
of 24275

(Excerpt from old post)

Let's review the situation:

1. The people associated with ELGL, would they do improper things with ELGL? Why would anyone jeopardize a lifetime of success and not represent the value of Element:

- John LaViolette
- Sasha Shapiro
- Steve Gagnon
- Gary Lewis
- Merle Ferguson

2. BFNH is a current reporting OTC Shell - Net value $500k. (that's a "K") It has no current operations and no assets, except the shell itself. The share price is arbitrary and possibly higher because of the potential ELGL deal.

3. ELGL has told shareholders they have Billions (that's a "B") of Dollars in Mining assets. A bond with face value $600 million and a website with suggested operations in many areas, sports, media, etc. The share price is manipulated because of trading status presently and lack of buying allowed in the United States.

I for one think us ELGL shareholders should get something like 10 BFNH shares for every 1 share of ELGL, but that likely will not happen.

-------------------------------------------------------------
(Old Post - follow the links and read it for yourself.....it is plain to see and plain for regulators to see......why would any jeopardize their credibility of the company to screw a few shareholders)

What's new? People, mining, money, studios, website

ELGL People
https://finance.yahoo.com/news/bravo-multinational-inc-appoints-four-133000430.html

ELGL People added to Board of Directors
https://finance.yahoo.com/news/bravo-multinational-inc-elects-three-133000857.html

The People
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156983990

Mining
https://www.globenewswire.com/news-release/2019/08/22/1905593/0/en/Element-Global-Inc-s-ELGL-Subsidiary-Element-Global-Mining-Enterprises-Announces-Strategic-Plan.html

The Money
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152952185

This video is so good, media.
https://vimeo.com/444720424/5a4bcd908b

New Website
www.element-mediagroup.com/index.html

Original Website
www.elementglobal.com

[Bigboy36]

Agree ! I wish you the very best as ever :)

[patience_in_waiting]

The low volume is exactly why I’m not too excited yet, and why I wrote we should keep watching what develops in one of my recent posts.

But I could start selling small amounts here and there if I wanted. And if I thought nothing substantial was coming, I would do that very thing.

But I’m going to wait. And after what transpired w/PRED after initial profits that were subsequently lost (all on paper), I have to be very confident in my position.

[Bigboy36]

I’ve been tracking daily, but it’s been moving up on very low volume.

Congrats on owning a lot, but I’m certain you could collapse the price very quickly if you start selling now.

Only reason I’m not getting too excited about this is the low volume and it’s movement on no news…

[anthazar]

I’m sure he wakes up every morning thinking of ways to mess with you and Bromberg and Price, that’s just his nature.

[DJS1]

Anthazar- please give some insight on Predictive. I would like to know if and when they are going to right the ship. I have a ton of money tied up and I am not happy whatsoever, along with other people I’m sure. It has been atrocious, to say the least. No BS please. Just facts.

[brooklyn137]

I was kidding about the jinxing, sort of. I did think of posting something about it, and stopped, sort of an unconscious fear of jinxing. LOL. It dies hard in us.
I agree, the powers that be are learning. And that's good.

[patience_in_waiting]

Look, I'm no investing expert, but I'm pretty confident that's not how these things work. You usually appear to be savvy enough to know that as well.

Perhaps I've underestimated how frayed everyone's nerves are at this point. I know mine are pretty shot.

That's like saying PRED failed because of what any of us clowns were posting on that board. PRED failed because they promoted the snot out of the company with PRs, the pharmaceutical companies caught wind of what was going on, and they stomped the hell out of them.

Notice companies like ELGL and BFNH are not making that same mistake. Imagine that. The powers that be are learning.

[anthazar]

With regard to Predictive, the goodie two shoes Mormons got rid of him because he wasn’t Mormon and swore too much. He put it together and they f—ked it up. That won’t happen again.

[anthazar]

With regard to Predictive, the goodie two shoes Mormons got rid of him because he wasn’t Mormon and swore too much. He put it together and they f—ked it up. That won’t happen again.

[brooklyn137]

I didn't want to jinx it. But there you go.

[patience_in_waiting]

I’m literally astonished nobody’s mentioning what’s happening with the price of BFNH. I would suggest we continue to watch what happens there.

I can tell you I own a lot. I could turn a large profit selling near three dollars. I haven’t sold one share.

Nobody wants all of this sped up more than me. But things need to be done in order.

I’ve been more than frustrated with the wait, and some of you have been in some of these stocks longer than me.

One step at a time.

[Bigboy36]

Assume the new vehicle and realization of value are also some way off.

[brooklyn137]

Which regulatory institutions? US or foreign? Couldn't be anti-trust, that wouldn't apply.

[liftruck]

Hey Sandman

Been here almost as long as you. Tired of the waiting too. From past experience with this stock and his other tickers, the wait usually means he has nothing to report. Just like PRED. But was hoping to have at least a run like PRED did.


May have to put this pos in my Will.

[anthazar]

It’s not about BIoforce, it’s all about Element.

[anthazar]

I’m assuming almost all the preliminary work has been done, the slowdown will be the regulatory institutions.

[Bigboy36]

Correct me if I’m wrong, but BFNH isn’t a massive organization so merging processes, policies etc won’t take long, nor l assume with a shareholder vote if this if needed.

Can you fill in the blanks on the long poles from a merger perspective ? The majority would assume most of the work has been done.

[Infoscouts]

RE: Anthazar
Post# 24442

This post is both true but misleading. Yes - it may take longer re: large mergers can take that long due to number and complexity of various business's and subsidiaries. BUT in the case of BFNH and ELGL merger no shareholder vote needs to be accomplished due to that insiders control over 50% of the stock both companies. In these cases
NO shareholder vote is required and the stock can be transferred to BFNH at the transfer company as well as stock brokers within usually 30 days. Then the filings with the SEC of all the businesses and subsidiaries take place but AFTER the stock reorgagization and share consolidation.
Really Anthazar is it necessary to scare us shareholders that have been so for over 5-6-7 + years? Have a heart.

[sandman70000]

6 mths to a year???? and DON'T GET INTO A HURRY! hell, I've been here 15 years waiting already. Always some stupiid excuse year after year. SM

[sandman70000]

6 mths to a year???? and DON'T GET INTO A HURRY! hell, I've been here 15 years waiting already. Always some stupiid excuse year after year. SM

[brooklyn137]

It is usually much shorter. I suspect most of the preparatory work has already been done in the last 13 months. This article says 38 days.

https://www.gartner.com/en/newsroom/press-releases/2018-10-15-gartner-says-the-average-time-to-close-an-manda-deal-has-risen-more-than-30-percent-in-the-last-decade

[anthazar]

It is my understanding that once a Definitive agreement is reached and becomes active it takes at least 6 months to a year to be completed. Don’t get in a hurry people.

[patience_in_waiting]

Yes, but that likely won’t manifest this month regarding the price of ELGL.

[Bigboy36]

Think July is the month the tide turns ?

[liftruck]

I hope you are right. Been in this way too long to get screwed again.

[brooklyn137]

Thanks.

[patience_in_waiting]

I’m glad I own both stocks.