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I liked this part of todays filing also.
Our property acquisition strategy entails a much disciplined criteria that will provide anywhere from 11%-28%
annual rate of return per property to the company. Due to our relationships with multiple banks, government
agencies, asset managers, title companies, and real estate brokers we have unique access to investment grade
properties throughout the commercial and residential market. Our main acquisition is focused on income producing
properties such as apartment complexes with condo conversion options, commercial properties with major anchors,
and portfolios of single family residence homes that are currently generating income
New filing. The atty letter just signed off on us going "current". GAME ON
One thing is for sure, the shares are not in the float. Whoever is holding the 60 million shares must like the paper and not want to sell because the pps has been going up, up and up. Seems like every move in this play book has been the opposite of the pinky play book. Now if they continue to break all the pinky rules, we may actually see solid revenue in the future. Pinky stocks never make money. BDVI the not so pinky stock.
Looks like a lot of people are holding. Shares are hard to find below the ask.
Based on my dd for their line of work, there will be plenty of deals like that and they can cherry pick what they want to do. Two decades of experience on their part will make all the difference for them. Also, I have been looking online for another publicly traded company in the same line of work as Black Castle. I simply can not find another. Plenty of private companies that make great money investing in NPN's but this is the first publicly traded company that I can find. Even individuals can buy these notes in bulk if they have the right connections. That is the key. Looks like a game where experience pays. That is why I am betting on BDVI. They have got it.
They will be taking those units in bulk. Banks just want it off the books. Keep in mind that NPN's (non performing notes) does not just translate into late on payments. Someone can make all the payments on time but fail to meet any one of several other requirements and the bank will not renew their commercial loan. Kind of scary for commercial real estate owners that have loans. I personally know a few and they stress when it is time to renew the loan. I say "are you behind on the payment". They said "never have been late but the banks can just call the loan basically anytime they want for a number of reasons". I thought it was insane that banks would trash loans that people were making they payments on time. However, there is a ton of money to be made in dealing with NPN's. Banks are funny creatures and they have set the game up where they can jump ship on a comercial loan if they see a black cat on the property. Friday the 13th joke. Sorry.
Nice to know they are working on getting everything correct. Just need the lawyers to get the rest filings in order and get out status changed to "information current". Small steps and then maybe we can find out what kinds of deals they have in the oven. Just a few profitable deals on the table could be a major game changer for this company.
100k volume doubled the price. And it seems to be holding.
Did a little DD and got some general info from another stock market website about investing in bulk REO's and NPN. To be honest I did not know a lot about this stuff and just wanted to get a full understanding of what kind of options are available to BDVI in the line of work that they do. Learned a few things about this kind of business. BDVI talks about some of these things also on their website.
Bulk REO investing is BIG business these days and everyone is looking to get involved. This article is going to share with you the difference between an REO (real estate owned) and a Non Performing Note, and how you can profit from the two as an investor.
What is an REO?
An REO (Real Estate Owned) property has previously been foreclosed on and unsuccessfully sold at a real estate auction, and is presently owned by a bank. When a home is at this stage, it’s available to be sold for a large discount because banks are anxious to get rid of the “toxic asset”. Banks are not in the business of managing properties. With Bulk REO’s, groups of homes are packaged together and sold in bulk in order for banks to increase their cash flow.
How to Profit from Bulk REO’s?
The Representative Approach
With Bulk REO investing, you have a chance to step in as either a buyer or seller’s representative, and make significant profits. As a representative, it’s your job to broker packages either for the seller or buyer. Typically, you will make money by charging points. Each point represents 1%. Therefore if you make 3 points on a $1,000,000 deal your fees will be $30,000.
In addition to points, you can also use the “spread” strategies to increase your profits when brokering these deals. For example, let’s say a Bulk REO wholesaler is selling a package for $400,000, and you offer it to another client for $450,000. You have just worked the spread to make $50,000.
The Cash Buy Approach
If you have the right connections with banks, your second option is to become a Tier 1 buyer of Bulk REO’s. These are usually private equity funds, hedge funds, real estate investment trusts, or high net worth investors that play in the game who have the cash to buy packages of 100 plus homes. This is where you get the greatest discounts-when buying directly. Then you can re-sell these homes wholesale to secondary buyers for maximum profit.
Rent or Sell Approach
Third, you can buy Bulk REO’s to rehab them for rent or sale. With this option, after the home has been rehabbed, you can sell the house either with the borrower taking out a conventional mortgage with his/her bank, or if they are credit challenged, obtaining an FHA loan. If the borrower cannot qualify for either the two you may want to consider seller financing.
What is a Non Performing Note?
A Non Performing Note is a mortgage that has not been paid and is in danger of being foreclosed on by the bank or note holder.
How to Profit from Non Performing Notes
The Quick Flip Approach
The most desirable option when buying Non Performing Notes is to buy properties at favorable discounts, and sell them quickly for an admirable profit. With this method, you’ll have the luxury of avoiding delinquent homeowners. Let’s say you buy a $1 million property at 20% of the unpaid principal balance (UPB), and swiftly sell it at 30% of the UPB. You just made $100,000 profit.
The “Cash for Keys” Approach
A second possibility is “cash for keys”. With this method, you can buy out the former homeowner who still lives in the property. For example, you pay off the homeowner by giving them $10,000 cash; they will sign a Deed in Lieu, and shortly after, leave the home. As the owner of the NPN, you were able to avoid fees attached to foreclosing on the property, and help out the former owner by not placing a deficiency judgment on them, or reporting a foreclosure to their credit report. Now, you can quickly list the property for sale on the market, or rent the property to a tenant for a long term hold strategy.
Reduce the Mortgage Principle Balance Approach
Third is to negotiate a deal directly with the homeowner, and bring the property out of its non performing state. This option is the most challenging and will require a team to work out the non performing notes with the homeowners. For example, let’s say you purchased a non performing note for $40,000 but the unpaid principle balance is $200,000 with a 10% interest rate on the mortgage. As the NPN holder, you can opt to cut the UPB in half ($100,000) and decrease the interest rate to 6%. You have now written a new, and more affordable, mortgage to benefit the homeowner. After 6-12 months of timely payments from your homeowner, your once distressed asset is now a performing note ready to be resold to an investor.
Bulk REO’s and NPN’s are the way to go in this current real estate market because you’re buying distressed assets at rock bottom prices. Some investors focus on one niche, either REO’s or Non Performing Notes while others, like me, invest in both sectors. Choosing the right niche depends on several things; your short and long term investment goals, how long you can commit your money into an asset before you need to recover those funds (typically, it may take longer to get your money back if it is invested in an NPN); if you prefer to own the paper (mortgage note) as opposed to the tangible assets (deed); or what your exit strategy entails. Whichever niches you decide to invest in, just make sure you buy the note or the REO for a price that will allow you to make a handsome return on your investment.
Yes it does. Looking forward to seeing more positive developments that will help build a solid base for the pps. Nice to see green on speculation of things to come with this new company. Slow and steady wins the race. Accumulation line and buying way above the bid tells me that things are shaping up very nicely. Any chart guys on the board??? Not one of talents but I can see the direction this is going.
Straight and steady wins the race. Fast and furious crashes into the wall. I noticed they updated the website with a new phone number and fax number.
We have had some nice days of buying and we also had a few weeks with little to no volume. Personally, I do not think there are very many eyes on this stock due to the previous managements failure in the golf entertainment business. We should get news and verification that our new owner's business plan is tranforming this once empty shell into a reputable new real estate business. Once that happens we will have a new breed of investors move in. Solid numbers and transparency will be the key to huge profits for investors that are purchasing at these levels on "speculation". Best of luck to the early longs.
Healthy charts help. Hopefully, the filings will be out in the near future and we can see what the future holds for Black Castle Developments.
Nice accumulation line on the chart. Seems like a healthy move up.
I agree. Let's wait and see what Jeff brings to the table. His track record is nice and he has NEVER played shell games. He deserves a fair shot at this. If there was any connection to previous managament being involved, I would not be here. This is a new company with new owners that are executing their unique business plan that they have decades of experience in doing every day.
Lets just knock out the 3 mm's and get that ask up to .90c. Low floaters are fun.
Yes it has. My guess is it is taking a little longer than expected. No problem. Good things are worth the wait. At least they are not pumping, promoting and dumping. Solid news is worth the wait.
They have been making nice deals for decades. Time to put their skills and talents to work in their new company. It will get fun when they are reasy. I am sure they will update us as soon as they can.
Looking forward to watching the developments of BDVI. I would say add on the dips but looks like .09c is the going price for now. Nice thing is when they start making large deals and profits, the pps will change fast.
I agree. We are going to have fun soon. Look for this stock to do well when all it starts rolling. Very exciting business due to the number of loans in default. Black Castle is going to be in the right place at the right time.
Nice to see some volume today. We have some buying on the ask. Looking forward to things heating up soon for Black Castle Developments.
According to the court doc, Sam had the preffered shares after the APA. He had posession of the thing he is now fussing at Paul about. Sam claims that Paul "dilluted" his holdings but Sam had posession of these preffered shares in the past. How can he say it was fraud on PL's part when he changed the ss to pay Sam his shares. Now, if Paul would have never given them to Sam in the past, then I could see where it would be a little "dark". But based on the court docs it looks like Paul was willing to make this deal happen and Sam just wanted to get out of the APA and it did not work. Sam folded in mediation to only come back with more legal mumbo jumbo to challenge Paul with a few months later. These boys are not going to be able to work together. Time for them to find a resoution. Once again, we did not invest our money based on our loyalty to Sam, Paul, or Ben's word. We invested because of the legal contract in place for the purchase of the Bio Harp technology. There never are any angels in the corporate world.
Every single indicator that I have seen on the moves made by BDVI would suggest to me that we will be leaving the pinks. Yes, waiting on the lawyers has been a drag but the pps has held and we have not seen dillution. My vote is simple - This is going to be a serious company I think the only reason why the stock is a .pk is becuase it is the cheapest way to go public. Time will tell.
You are 100% correct. The shareholders have a vested interest in Xtend Medical marketing the Bio Harp. We can speculate all day on how his will play out but the one thing we do NOT have is legal force in place to show these boys that we also need to be taken into consideration. Any attempt by current or future owners of Xtend Medical to place the shareholders in harm way should be dealed with by a swift and strong shareholder lawsuit for fraud, breach of trust and a bunch of other word that I do not know. We invested our hard earned money into the technology in this video and we demand that the company we invested in not leave us broke and pissed off about our stock. We need a lawyer. Period.
I was hoping some one would break into Chemco and snag some video from the clinical trials they did on the Bio Harp. That would make for some cool You Tube video. However, such dd would land one in a korean prison for a long time. I know they would never release it because that facility is top notch. There could be more videos from the trade shows and I also thought they would pop up back when this all started. I guess some people have the video and do not even know that it is Xtend Medical that now owns the patents. Kind of exciting. Potential You Tube videos of the Bio Harp just sitting in someones closet.
And they tried to tell us that the Bio Harp was not real. LOL.
One more victory for the dedicated shareholders. Not much of one to help our stock price but it goes to show that we are here for a reason. That reason is the Bio Harp. We did not invest our money just in Paul or Sam. We invested becuase we believed in the technology. Now these boys need to figure out away to get our investment to market. I think all the shareholders are at a point that they do not care who is driving the boat. But the captain has got to set this ship to sail or we will sink at the harbor. That simple. If they can not come to an agreement then they should use a third party or whatever it takes to get this to market. Xtend Medical owns the patents to some of the most exciting technology that I have ever seen. It is time to move forward and in the darkest hour we simply do not care how they work it out. We have seen 9 seconds of the Bio Harp and now the shareholders like it, love it and want some more of it.
I think what you posted is the key. They have done the "exact opposite" of a typical pink company. My bet is we are leaving pink land in the not so distant future. I know that is a bold statement for me to make considering we have not seen much yet. But when I first started my dd on Jeff and Black Castle, I just suspected that this was a serious play. It does NOT look like some stock scam or pink sheets company that sells shares to pay the bills. Look for game changing moves in the first year. The key thing for them to do at this point is to become fully reporting. That will say it all.
At least the r/s was not done by a previous pinky ceo. That alone would keep me away. To my knowledge, this is Jeff's first publicly traded company. He has always done well before in the real estate market. I am looking for Blackcastle to make a profit because that is his track record. A profit in pink land is a rare gem. That is why I am here. But as you said, time will tell.
Start up companies take time. Somre more than others. We did get the other filing in Florida and it looks like the lawyers are working on getting things shaped up for a "current" status on otcmarkets. I would expect news soon after they finish the house cleaning stuff. Surely, they have plans and hopefully all is well. I think it will be worth the wait.
Just taking some time to get things cooking. PPS has found a bottom and it will be up from here. Blus skies ahead for bdvi.
The Bio Harp is 100% Real. I liked the video.
Just hoping they can turn a profit with these deals. I was reading a little about this business. Does anyone know of any other publicly traded companies in this line of work????? Most of what I could find on the internet involved individuals and privat companies taking these bulk deals on real estate and it can be profitable if they have the experience and execute the proper dd. I would love to find another stock that does the same thing Jeff is gearing up for. It is always nice to look at other stocks in the same business.
Jeff already had 4.7 million class a preffered shares. The last filings on pinksheets were very similar. One became inactive and it showed 10,000,000 pref. shares autorized. The current one showed 5 mil. I think there was a boo boo somewhere between the lawyers, Florida, or pinksheets filings. Now, it looks like Jeff is just getting it cleaned up in Florida and I would look for a new pink sheets filing soon. Probably just legal mumbo jumbo over voting power and future funding. As far as converting the preffereds to commons what difference would 5,6, or 10 million make anyway. LOL. Looking for some good developments soon. Lets just hope those preffered shares stay in a safety deposit box and all will be well for us. I am very curious about the convertible shares. I smell big deals on the way. Looks like our "empty shell" value should be changing soon when these boys finish the house cleaning with the slow lawyers. Always takes lomger than planned. At least they are working on it.
I am also glad to see that there are not fluff pr's and stock promoters all over this one. Should be worth the wait to see what kind of key developments will come. If all is well with this stock, Jeff is going to be knocking out some money making deals and we can see a profitable company. Considering the low float, this could get fun really fast with the right filings and news. I will give him the time he needs. Kind of figured it would take a little time. The volume does tell us that there are not many eyes on it and dillution is not a factor yet. I say yet because one can not rule it out on any stock with a pk behind it. Just hoping the .pk was Jeff's play for a cheap shell to roll a solid money making company into. He has been in real estate business for a long time and he knows how to do his part. If there was only a way to speed up the lawyers that move slower than drunk turtles.
Sam was obligated to Xtend Medical and it's shareholders to do the right thing. People invested a lot of money because the Bio Harp was to be a part of Xtend Medical. Sam created this obligation when he signed the APA and also in the mediation. If these boys can not work together, then they need to find a workable solution that can fix this problem. Even the judge commented on this. We have lost so much time and now the deal is soaked in bad blood. Time for a solution. I suggest they have a few cold ones and just talk. Communication is the first step in finding a solution.
Yes, I think he did try and place new board members last October. It does not appear that Sam or Paul was trying to work together at that point. Lots of blanks to fill in. Paul claimed in the documents last year that he was only trying to protect the company when Sam failed to deliver all the assets so that the work could begin. Sam claimed fraud by Paul dilluting his holdings.
But here is something to think about. Now, Sam claims to be the major shareholder and wants the bk stopped. If that is true, then he is claiming to own or be granted the majority of shares. That is like saying "hey the apa was legit". He is now on record claiming to be the majority shareholder. Makes no sense to me if he never took possesion of the shares. But from a legal standpoint, that is claiming to be the man that is suppose to be in charge.
Symbol-Security Name Venue Reg SHO Threshold Flag Rule 4320 Flag
MXXH MATRIXX RESOURCE HOLDINGS INC OTC Link Yes No
Looks like we have been on the reg sho list since march 23rd.
Very interesting. This can be caused by naked short selling. Kind of strange to be on the list every day since the 23rd and the volume has been down. No reason for shares to fail to deliver on low volume is there??? Not saying I buy into the "big bully mm naked short selling conspiracy." But something is going on. Wait for a high volume day and the pps will explode.
Regulation SHO defines threshold securities as any equity security of an issuer that is registered under Section 12, or that is required to file reports pursuant to Section 15(d) and where, for five consecutive settlement days:
there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; AND
the level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding
Yes and will be looking better very soon.
Little volume today. Looking forwrd to seeing some postive developments soon.
Yes, it looks like someone wanted to sell a few. I suspect the pps could dip while we wait. BDVI has a very low float. It will shoot up fast when we get filings and news. Just a waiting game until then. I will continue to add shares as we wait. Let him start knocking out some MAJOR deals and this will get fun. Our "empty shell" value will be a joke when things start moving.