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Economics son. 36.36% above 1/7th the close for the first trade.
Anybody with BFHJ in a Scottrade account has to be feeling nice about right now.
DD22 That is 100% spot on what happens. It seems like a lot of folks here haven't been in these type of plays which is neither good nor bad.
The bar is set pre-market so that the market cap is maintained and pressure one way or another pushes it from there.
I've been in plays like these that opened up or down +/- 20% from where it was fractionally dictated to open due to gapping.
That being said. If it's 9:31 and no trades have been made the bid x ask will be right around the .0033 range (1/7 of our close).
Price doesn't go down by 1/7th but its a supply and demand thing. With more shares we'll see the price drop quite a bit from here tomorrow. By how much? Your guess is as good as mine.
Good thing is we can offset it so long as it doesn't go down by 1/8 with the extra shares we receive.
The increased liquidity should allow for some nice profit to be made on those shares as well.
Let's calm down in here a little folks.
BFHJ .0255 last 30 mins for divi
BFHJ .0231 x .025 30 minutes to get free shares
I think BFHJ could start to blow up any minute now.
They'll regret selling those. BFHJ going much higher.
BFHJ Chart divi play final day
Chart looks primed.
http://stockcharts.com/c-sc/sc?s=BFHJ&p=D&yr=0&mn=6&dy=0&i=p35211366330&r=5713
This is humorous. About 25k more shares traded at the ask then the bid, and 12 "buys" vs. 9 "sells" and we're down 43%.
Pretty frustrating. It would be nice if we could prop this up from the shorting. I'm out of powder or I'd be hitting that ask hard. Love to see some buys today before the MM's get this down too much farther.
BFHJ - Low float divi play, last day to get in. PR Below
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), today updated shareholders as to the progress of the Company's dividend submission.
On March 17, 2010, the Financial Industry Regulatory Authority (FINRA) advised the Company of the following:
"The 7-1 stock dividend of Beneficial Holdings, Inc (BFHJ) will be announced today on our Daily List as follows:
Rate: 7 stock dividends will be mailed directly to shareholders without any further action on their part.
Declaration Date: 02/22/2010
Record Date: 03/05/2010
Payment Date: 03/18/2010
Ex Date: 03/19/2010
Due Bill Date: 03/23/2010
The Company notes that shareholders with shares
at their brokerage will receive the shares via the DTCC and their clearing house (so they should appear in the brokerage account).
BFHJ - Low float divi play, last day to get in. PR Below
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), today updated shareholders as to the progress of the Company's dividend submission.
On March 17, 2010, the Financial Industry Regulatory Authority (FINRA) advised the Company of the following:
"The 7-1 stock dividend of Beneficial Holdings, Inc (BFHJ) will be announced today on our Daily List as follows:
Rate: 7 stock dividends will be mailed directly to shareholders without any further action on their part.
Declaration Date: 02/22/2010
Record Date: 03/05/2010
Payment Date: 03/18/2010
Ex Date: 03/19/2010
Due Bill Date: 03/23/2010
The Company notes that shareholders with shares
at their brokerage will receive the shares via the DTCC and their clearing house (so they should appear in the brokerage account).
I hit that .03 ask and it didn't register my buy. No change in the price despite me being a few shares deeper at a price above the current pps... Anybody else have the same issue?
Let's take it out!
Frustrating to get taken down on 5k sell orders.
We need another sustained "ask" attack to push this back up beyond the .03's.
I believe they have to cover them or they owe them when they are paid out.
Excellent dip opportunity. We need to make the MM's cover higher.
I'm researching it right now. That due bill is and an ex-date after the pay date is throwing me off a bit right now.
BFHJ .03 x .033!!! 39 million O/S and tomorrow is pay date on 6 for 1 divi. If volume picks up here MM's could be caught with their pants down big time.
BFHJ looks good. Shorts have to cover today. At 2 million in volume this may just be the start.
Shorty better cover BFHJ today. This may just be getting started.
BFHJ is +200% on dividend news! Volume just starting to come in.
BFHJ +200% on dividend news! Volume just starting to come in.
.03's about to go away.
BFHJ +200%. Low float with Divi news out.
BFHJ up 200% on dividend news. Super thin, low floater.
Finally get those shares tomorrow. Hope they go on an aggressive PR campaign to help bolster there PPS.
BFHJ News
LAS VEGAS, NV--(Marketwire - 03/17/10) - Beneficial Holdings, Inc. (Pinksheets:BFHJ - News), today updated shareholders as to the progress of the Company's dividend submission.
On March 17, 2010, the Financial Industry Regulatory Authority (FINRA) advised the Company of the following:
"The 7-1 stock dividend of Beneficial Holdings, Inc (BFHJ) will be announced today on our Daily List as follows:
Rate: 7 stock dividends will be mailed directly to shareholders without any further action on their part.
Declaration Date: 02/22/2010
Record Date: 03/05/2010
Payment Date: 03/18/2010
Ex Date: 03/19/2010
Due Bill Date: 03/23/2010"
The Company notes that shareholders with shares at their brokerage will receive the shares via the DTCC and their clearing house (so they should appear in the brokerage account).
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
This release does not constitute an offer of securities for sale. It contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences.
ARTS bounce opportunity. Added some more on the dip.
I added half a mil more. I think this sees a penny leading up to the dividend.