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BIHC -SEC Rules re: Announcement of Material Events:
Once deal is either closed or rejected, we get the News:
The U.S. Securities and Exchange Commission's (SEC's) Regulation Fair Disclosure, also commonly referred to as Regulation FD or Reg FD was an SEC ruling implemented in October 2000 ([1]). It mandated that all publicly traded companies must disclose material information to all investors at the same time.
The regulation sought to stamp out selective disclosure, in which some investors (often large institutional investors) received market moving information before others (often smaller, individual investors).
Regulation FD changed fundamentally how companies communicate with investors, by bringing better transparency and more frequent and timely communications, perhaps more than any other regulation in the history of the SEC.
Check this out - Another Barons client!
Select New Jersey under Authorized Service Center Locator:
http://www.delfield.com/?xhtml=xhtml/del/us/en/servicelocator/index.html&xsl=delfieldservicelocator.xsl
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Keep in mind that after this deal is completed, BIHC becomes a cash rich empty shell that will be an absolutely prime candidate for a reverse merger with any number of companies out there that want to go public and are looking for an empty shell with no debt.
Same thing happened to me in my Ameritrade account except they doubled a buy order that was already confirmed in two different stocks I bought of Thursday. They sent me duplicate courtesy fill notifications for the stock purchased. When I looked at my account last night, I had 200,000 extra shared in my account for ASFX and BIHC! Today they corrected the mistake.
Only problem is that If you ask for your certificates, they will start the process of obtaining them and you will not be able to sell your shares until process is completed, which takes several weeks. You would have to tell your brokerage firm to cancel your request for your certificates if you wanted to sell, and that request may take a day or two to clear and stop the process. I asked that question about another stock I had and Ameritrade emailed me back that response. Of course If you do get your certificates, you can't trade the stock until you deposit them back into your account.
Thanks for the storyline.
I am on the phone right now with the answering service. She said they are NOT secretaries for the company, they are an ANSWERING SERVICE for the company. I pressed her for any information about the current negotiations and she said the ANSWERING SERVICE DOES NOT, and WOULD NOT give out any information about the current negotiations, and that she could only try to connect me to the CEO and if he is not available she would take a message.
866-532-5908
The "woman on the phone" is just the answering service, she would never say anything like that. She just takes messages or rings CEO's mobile phone.
Nice close! Everyone have a great weekend. See you on Monday morning!
You are absolutely correct!
We got your number and your game doc. You majored in Pessimistic Attitude 101.
If there are buyers who definitely want in before Monday morning, this could run up fast the last few minutes before close.
Maybe, but MM.s are trying hard not to let .04's up.
Wow, spread just widened to .035 x .039!
Actually, I hope buying is coming from somewhere else besides this board.
.038x .039 with (5) .04 lining up. Last chance for shares below .04
.039 up
Right, 1:00
Gradual but steady buying pressure today.
Lets see how long the .038's last.
Could be! .037 x .038
Someone is trying to get in at .0035 or .0036. but looks like no one is selling.
Looks like someone besides you is buying at .037 as well!
.037's getting picked off. Tight spread 036 x .037 - It appears MM's are not selling at the bid anymore.
.037 up now .036 x .037 .036's bought out with only 116k shares.
Looks like .035 is finished, .036 up
Yes it is. Buys slowly coming in at the .035 ask which is getting ready to move up.
.04's are lining up, (1) at .035, (5) at .04
Man, that sound exciting! Best of luck!
Sorry, but Charts are absolutely meaningless when Huge News like we have looming is involved.
You got to give both BIHC and the buyers credit. Nothing has been leaked out about the proceedings. Both sides are being very tight lipped about what is happening behind closed doors.
Yes, a lot of impatient shareholders who want everything to happen NOW! Talk about tension, wait until Monday comes. If the news isn't released on Monday, people will be jumping out of their skins!
I agree.
thistraderknowsall - We would all like to promote the other stocks we own here, but then that would really clog up the board wouldn't it.
Yes. If you wait until the actual closing is finished, you might be able to buy back in at .05 or .06 after the gap up in price the morning the pre market news is released.
I read the paragraph. I stated yesterday that I would not expect a PR until after the fourth of July weekend. However, there is nothing in that paragraph that states anything about specific dates. To say the deal would be "delayed for a week" is pure conjecture.
Somebody just cleaned out the .006's with an 150k buy/
They get a chance to try and keep the price lower until they get the funds to buy more shares!