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Uhhh... excuse me but I said: "Anyone think this stock is being shorted?" I did not mention anything about any retail investors shorting the stock. I said "being shorted" which I know anyone who knows anything about penny stocks means being shorted by market makers. You brought up retail investors.
Once again I will ask the question: Does anyone think this stock is being shorted?
What are you talking about? The negotiations have a 5 business day Due Diligence period before both parties agree to accept the deal and that is just what it says it is. What do you want the guy to say? He can't say the deal is done before the 5 days are up and the contracts are signed. There is ALWAYS a chance this deal or ANY deal will not be completed. If it is not agreed upon, then he is going to continue to pursue what will be best for shareholders.
Anyone think this stock is being shorted?
I have a lot of quality control and theft prevention experience in both Restaurants and Bars - From 5 Star Hotel dining to Fast Food, and from local bars to high volume Night Clubs.
McDonalds have a inventory system in place that keeps track of everything in the store. They know how many buns, burgers, cups, cheese slices, french fries, apple pies etc etc etc are not only sold each day, but are missing because they are not accounted for as sold on the register tapes that are matched to the inventory taken. They use calibrated mustard and ketchup dispensers in the grill area so they can calculate the mustard yield. They even have a pickle yield!! So they know when product is missing that has not been sold or logged as waste (thrown away product that has expired its time for selling). They count both cooked and raw waste. If a cooks drops a burger on the floor, there is a special bucket it goes into, not the regular trash!
That doesn't stop the thieves however. Whole product is sometimes placed in trash cans behind the counter when Manager isn't looking, and when the trash is taken out to the dumpster that bag is set outside the dumpster, a third party then drives up and gets the box of hamburger meat and sleeves of cheese!
Bar and Restaurant owners use that rule to make sure their Bartenders and Servers are paying close attention to their patrons, and not goofing off or smoking in the breakroom. Sure, some walkouts are setups and hard to stop, but some walkouts are because the patron can't find their Server to get the check, and just leave. You would be surprised at how much more diligent a Waitress or Waiter will become at monitoring their tables once they get burned by a big $ walkout and have to pay.
Yeah, that is a common dishonest bartender tactic if they can get away with it. I knew a bartender who had a special winter overcoat that had pouches on the inside that would hold four bottles on each side. He did have a problem in the summer however! Wonder if it was the same guy!
In a restaurant, the server does not hold your credit card or ID. If you walkout on your check, the server has to pay. Same in a bar, however you are right, most Bartenders will ask for a credit card to run a tab on someone they don't know.
Walkouts are the responsibility of the Bartender/Cocktail waitress in a bar or nightclub or the Waiter/Waitress in a restaurant. When you walkout on a tab, your server has to pay the tab. You don't get fired if someone walks out on their check.
How many people are on the board of directors, and who are they?
Well, "oilstrike" posted here that he thought it might be Pepsi. Since Barons Int. and Pepsi have a close business relationship, that seems like a good guess.
Posted by: oilstrike Date: Saturday, June 28, 2008 1:00:33 PM
In reply to: tonysib who wrote msg# 13002 Post # of 13160
I think the buyer is Pepsi. Cash worries? LOL
Well Zack, aren't you going to tell us who you think the buyer is?
Lucky dog! I only have half a million shares. But the will buy a couple of cases of Grey Coupon and a more energy efficient vehicle!
BIHC could be the Monster Pinkie of all time!
BIH Corporation Releases Estimated Baron International Acquisition Numbers
Jun 26, 2008 8:58:00 AM
View Additional Profiles
WEST ORANGE, NJ -- (MARKET WIRE) -- 06/26/08 -- BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors as previously announced has agreed to a buyout of its subsidiary Baron International, Inc.
The Company believes that its shareholders are entitled to an estimate of the pending agreement. The pending agreement is subject to a contractual due diligence period with a sales price already negotiated; the sales price is between 0.19 and 0.23 cents per share. The acquiring party has a 5 day due diligence period of which to accept or to decline the agreed upon acquisition price contractually.
The Company has already determined that if the above-mentioned occurs, it will pay a one time cash dividend of between 0.07 and 0.09 cents per share as recommended by its attorneys and accountants (for tax purposes) to each and every shareholder on the record date, to be determined upon the acceptance and executed acquisition agreement.
Good luck to you 1millionfl! BIHC should fly.
BIHC Most Active Forum on IHUB tonight!
If it was Pepsi, and that news was released, the entire pinky world would explode!!! ( :
So would that mean that shareholders will have a choice to either hold their shares and receive the .07 to .09 cents dividend per share plus retain the shares, or sell their shares to the Private Investor at .19 to .23 cents per share?
BIHC should breakout Monday 1millionfl - Read This:
BIH Corporation Releases Estimated Baron International Acquisition Numbers
Jun 26, 2008 8:58:00 AM
View Additional Profiles
WEST ORANGE, NJ -- (MARKET WIRE) -- 06/26/08 -- BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors as previously announced has agreed to a buyout of its subsidiary Baron International, Inc.
The Company believes that its shareholders are entitled to an estimate of the pending agreement. The pending agreement is subject to a contractual due diligence period with a sales price already negotiated; the sales price is between 0.19 and 0.23 cents per share. The acquiring party has a 5 day due diligence period of which to accept or to decline the agreed upon acquisition price contractually.
The Company has already determined that if the above-mentioned occurs, it will pay a one time cash dividend of between 0.07 and 0.09 cents per share as recommended by its attorneys and accountants (for tax purposes) to each and every shareholder on the record date, to be determined upon the acceptance and executed acquisition agreement.
Anyone have any ideas or speculation about who the buyer is?
I would agree. Potential will eventually be realized here.
The dam just burst!
.025 coming up fast!
RMCI just moved to .024!!!
.023's getting banged!
Looks like the .023 Dam may burst the last 10 minutes of trading!
.023 is the current Wailing Wall of BIHC!
Did PTSC have the same vicious bashing posters that BIHC has, who have been attacking every press release as phony, and everything the CEO says as a lie?
It means exactly what it says - As fast as possible.
PR on Thurs said a 5 day due diligence period :
BIH Corporation Releases Estimated Baron International Acquisition Numbers
Jun 26, 2008 8:58:00 AM
View Additional Profiles
WEST ORANGE, NJ -- (MARKET WIRE) -- 06/26/08 -- BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors as previously announced has agreed to a buyout of its subsidiary Baron International, Inc.
The Company believes that its shareholders are entitled to an estimate of the pending agreement. The pending agreement is subject to a contractual due diligence period with a sales price already negotiated; the sales price is between 0.19 and 0.23 cents per share. The acquiring party has a 5 day due diligence period of which to accept or to decline the agreed upon acquisition price contractually.
PR on Wednesday said "five business days":
BIH Corporation Agrees to Sale of Baron International Subsidiary
Jun 25, 2008 10:20:00 AM
View Additional Profiles
WEST ORANGE, NJ -- (MARKET WIRE) -- 06/25/08 -- BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors, through the advice of its attorneys, has agreed to sell its subsidiary Baron International.
The acquirers and BIH Corporation have agreed on a purchase price subject to a five business day period to allow the acquirer to perform due diligence. Upon the completed due diligence, the parties will move to a closing as fast as possible.
And guess who won't budge from .023 - RMCI, who has been right in the middle of this thing since the big announcement.
Lets just try to get through .023 before we worry about .03 .04! This train is stalled on the tracks with a huge .023 log blocking the way.
Would like to see close at or above .025, but getting through .023's is not easy.
.022 x .023
Not pretty today. Someone selling low.
.023's finally up!!
.022's continue to get hit
bid creeping up - .021 x.022
.022's back up and getting hammered!