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Think the buy back has has been in progress on pull backs for the last month or two. There's more support here than just us.
Bought my first pair of leggings - ever. A gift to my wife and she loves them. It's a one size fits all so I just might try them on. Thanks for smiles Bravada!
That's funny
It is assumed that, if a decrease in the number of shares would be detrimental, to the value and benefit to shareholders, new management will not allow such action to be taken"
Thank you Pandora! I would also suggest that new investors listen to our CEO's interview from Mar 6, 2012:
My humble appreciation for your thorough dd along with many others. I've been following and buying for several months and you've already been a great help in my dd. I seek value and growth. I agree completely and have no open sell orders. Danny is a very rare find in this market and I'm here for the long term too.
I don't post often but this is a great board with a very informative information section on IHUB thanks to you and many others. You and the other contributors need to here this: I appreciate your thorough work!
Just accumulating. Adding now and then by increments on the bid and sometimes I get filled thanks to some relentless seller that's likely accumulating with me. There's virtually no doubt in my mind that it's almost all buying for the past few weeks. What's not to love under nickel after our last 10Q?
Just adding my .016 cents to the discussion.
I dunno Stiff, I have mixed feelings. Half of me said this PR was a "fess up" and clear some clouds as the fiduciary and ethical responsibility as CEO. The other half said we've got business plans and leadership. So I sold about half when I could have sold it all. Just lightened the risk in light of the OS and questionable assets. It occurred to me that with over 4B OS shares we might have a problem attracting lenders - but we're still in the dark about the float so I need to wait this out a little longer. If also occurs to me that there would no reason to diligently pursue audited financials if we are now an empty shell. I think this is more of an effort to tell it like it is now and provide another step toward transparency. I think current management is seeking to build Beneficial Holdings as a profitable and viable company. The message to me is this may take quite some time but we're here to stay, so I've lowered my near term expectations. I'm mostly hanging on Greg's capabilities. Even if it turns out that we are an empty shell many will invest in our leadership and potential.
After catching up on IHUB posts allow me to ramble a little. All indications are that BFHJ has distanced themselves from sportsbook.cr . I'm scratching my head wondering what was transacted. Did they sell? Did they divest? Did they default? Did they spin off a subsidiary?
An informed poster last week mentioned that "Grupo" and "Recreaciones" Beneficial are the registered owners of the website. (Nice dd.) Who owns these guys anyway? Ideas?
Now, I recall a little history (over a year ago). The $47 MM line of credit was provided by these same two entities and in the event of default they would benefit by ownership of shares. Sorry I can't readily put my hands on the source. Maybe I dreamed it.
Right from the "Contact" page of Sportsbook.cr: "Please note that we are no longer affiliated with Beneficial Holdings Inc. (OTC: BFHJ). We remain affiliated with Grupo Beneficial S.A. and Recreaciones Beneficial S.A." (Huh?)
So what was transacted? I'm still looking for this piece of the jigsaw puzzle.
Well said Beez. I appreciate your thoughts and diligence. Trading history supports your thoughts. No one is selling. Thanks for the "fun facts."
Thoughtful post Nik. Thanks. 10Q is timely. I'll digest it a little more but at first glance it appears to show strength and validates my thinking of being undervalued and oversold.
Since I've been nibbling away at recent levels I have a small stake and I am optimistic that I might add more at Friday's PPS. We'll see.
There's been a persistent seller for quite some time but there are always buyers at every attempt to sell down. Volume has been lame so I suspect he's accumulating. It will be interesting to see how the market reacts tomorrow.
Correction: My last add to TDA was Sept 14; last add to Fidelity was Nov 30 - just for a time reference. I've got a good excuse. I'm senile.
Thanks DD. I have similar thoughts remembering last April when we had a few of 600M +/- days before the A/S increase. This layman suspects there may have been more selling than the float at that time. From what I've read this can happen when a MM continues to sell more shares than they can get there hands on. I think this is one of those back room reasons for the DTCC to place a chill.
As I recall, TD Ameritrade shut off buying around that time so I opened a Fidelity Account. Funny! Well, now I just opened an E-trade account.
Very thoughtful posts DD. I agree, this is not necessarily negative and may ultimate bode well for patient shareholders - speculating.
I've had similar thoughts but lean toward waiting for Greg announce a shareholders' meeting. There's a damn good chance that the majority of common shares are owned by us (e.g., folks on this board).
I'm open to discussion but I think my shares will vote for Greg anyway. So I'm patient.
Awe shucks.
Me too. No doubt I'm influenced by BFHJ's progress and the new information uncovered in the last week. I love the new logo. Thanks folks, this is a great board!
While skimming through the board and BFHJ history a few overwhelming points stand out.
The first is Greg Senkevitch's credibility and success. Despite efforts to show otherwise there is virtually no question that Greg is a knowledgeable, ethical, and a successful business leader. The DD by our board members demonstrates this pretty clearly. He would likely be approved as Secretary of Commerce if Barrack appointed him.
Secondly, the goals established in April and updated in August provide for auditing in order to become fully reporting. So it occurs to me, why would anyone be concerned about an audit if there was no intrinsic value. Therefore, there must be assets and substance to financials reported for 2011.
Third point is simply the consistent message of maintaining and growing shareholder value as clearly stated in April and driven home in August.
Finally, management is building on core competencies. The planets appear to be in alignment although I can't see through the clouds. (I know that sounds lame.) Greg apologized for the lack of frequent updates but was clear about avoiding premature statements.
Anyway, it won't make a rat's ass difference to my financials if the BFHJ were to be determined worthless as it was a week ago. But it will make a significant difference if we succeed.
It's been dark for a long time and many questions remain unanswered. Is Aquarius rising? "Cautiously optimistic" is a good way to say it.
Thanks gang for sharing your findings! There's a lot of talent here.
GLTA
Shush! Quietly stalking this beast so let's be quiet until earnings. Accumulating. I can't get much filled on the bid so I pay up a tick or two when the spirit moves me. For now the silence and lack of volume speaks loudly. My gut tells me I'm trying to buy with management. I expect BRAV will report a record quarter. I won't even think of a target price until I see the 10Q.
Oops, must be the wine talking. GLTA
It likely will. I'll revisit this later this year. Chavez chose Cuba for his surgery instead of Miami or Baltimore. What are we missing in the USA? We're way past the time to moderate our Cuban and Latin American policies. It's an embarrassment.
Hi Lorel, do you recall chatting a few years ago about Valcom? That was fun and profitable. I'm not heavily invested here but I am happy that my shares are on the house. I'm just waiting for restrictions to be lifted to visit Havana. I imagine it will feel like a travel back in time. I think the surprise R/S pretty much wiped out manipulation - good move by management. I don't see any dilution. I haven't set a price target yet - just waiting with no open sell order.
Thanks Di4 for sharing. I'm not surprised to see we both follow some other stocks with apparent value. I don't post on most of them.
I tend to look at this in pretty simple terms. Our history and leadership speaks for itself. Like you, I have no shares for sale in the trips.
Up 117% today without news. Any thoughts?
Good point di4. There's no indication that Sportbook.cr & Bet.cr have been sold. I would assume we're still ringing the register. There's no confirmation that BFHJ is out of gaming. Anything to contrary appears to speculative. Yet it does appear that the focus is now on real estate, clean energy, and financial services.
Considering the credentials and talents of our CEO I believe he's making informed decisions to lead our holding company.
I think our blinders will be removed soon.
I had no idea. Amazing history. Thanks for sharing.
"As of 2012 it was the world's second-largest mobile phone maker by unit sales (after Samsung), with a global market share of 22.5% in the first quarter of the year."
Holy cow! Thanks Di4! That's encouraging. If not gold it's at least platinum.
Sunday night and BFHJ is #7 on the IHUB break out board - for what that's worth. It is nice see a updated information on Linked In. Yet, there's nothing solid about results and performance. I suppose this is a prelude to announcing developments that have been in progress for many month. Thanks for all your DD gang and for sharing your findings! GLTA
Late night check and bet.cr and sportsbook.cr are working. May have been some down time earlier.
I was just checking to see if we had news. Tick, tock, ...
Crap shoot? Maybe. Either I'll eventually write this off as a tax loss in a year or two -or- enjoy a nice ride with Greg. Our all-in-one CEO, Pres, Sec, Treas, has a basic fiduciary responsibility to report to shareholders and he's let me down.
I woke up a month ago to see a half penny and over 2000% gain on another triple zero stock that I held for over a year after it went dark. It happens. And it happens too quickly for me to buy or add to a position.
As for BFHJ, my patience is long gone and now I am indifferent. I mostly ignor it. Either we eventually profit or go bust. There's no reason to sell at .0001. I've seen no bad news, just no recent news. We might be surprised one morning in the not to distant future.
But who knows? We're in the dark and waiting. So now, I just forget about it but I look in now and then. I have no reason to sell and likely couldn't sell if I tried.
Thanks Shirley, the whole Azteca Tequila thing is a mystery to me. It appears to have been a PR from Azteca but never confirmed by BFHJ. It's good to know they actually exist.
"Echo the sound of silence."
Thanks DD. I didn't anticipate my post being highlighted. I was just sharing thoughts and glad to recap the obvious. I am disappointed with lacking information. I am patient and still convinced our day will arrive. Eventually we'll know if we succeed.
From time to time one finds low hanging fruit and seizes the opportunity. The way I see it there's not much downside risk but enormous potential. It's feeling more like a leap of faith now with a strong base of some pretty solid history and evidence.
GLTA
Recap: It was clear to me that BFHJ was a rare value play based on exponential earnings growth in 2011 and a strong balance sheet. That's why I'm still here and looking in now and then.
BFHJ may have gone dark but this not necessarily negative - just a void of updated information.
Recapping 2012:
04/16/2012: BFHJ names Gregory Senkevitch President " … create a rock solid company that will be poised for growth, in terms of future assets and earnings with significant benefits to investors. " http://ih.advfn.com/p.php?pid=nmona&article=52024135
04/19/2012: Initial Determinations (potential acquisitions of clean energy, no r/s, etc.) http://ih.advfn.com/p.php?pid=nmona&article=52073185
04/25/2012: Completed reporting of 2011 Financials (unaudited):
Net Income (Sales less expenses):
Qtr - Sales - Net Income
3/31/2011 - 489,656 - 52,812
6/30/2011 - 623,589 - 76,353
9/30/2011 - 717,127 - 116,449
12/31/2011 - 913,420 - 215,027
2011 Total - 2,743,792 - 460,641
Reported net assets > 1.5 MM.
http://www.otcmarkets.com/stock/BFHJ/filings
4/25/2012: BFHJ Casino and Gaming MOU and Advisor: http://ih.advfn.com/p.php?pid=nmona&article=52142253
05/30/2012: Azteca Spirit Corp. Announces Agreement with BFHJ http://ih.advfn.com/p.php?pid=nmona&article=52600673
08/14/2012: Goal to be Fully Reporting:
http://www.otcmarkets.com/stock/BFHJ/news
11/15/2012: I expected an update.
I think we're still ringing the register on www.bet.cr and www.sportsbook.cr in about 19 countries although Nevada online gaming is questionable. (Interesting ZNGA action in this arena today.) Also the 04/25 PR confirmed our gaming commitment. So I think we're still into gaming but welcome your thoughts.
Di4 recently pointed out that our market cap, if we were to assume that all 4.6B shares have been issued an outstanding would be only $460,000 which is roughly equal to total net income in 2011 and less than one-third of the last reported net assets. (I'm holding ... and actually added some this week after a little profit taking elsewhere.)
So many unanswered questions - just revisiting the easy stuff - thanks for your indulgence.
Thoughtful post Di4, thanks! Your $460k number sounded familiar and coincidentally is about equal to reported Net Profit for 2011.
with 4.6 bil as the cap of the AS (at this time), that is only $460k total possible at .0001.
Profits on current year 460,640.61
Fun day! Thanks guys. Nice to be back from the abyss greaseball. I was convinced this day would arrive. And yes, MVP, I sold in increments - a little profit taking. Sorry if I freaked out new shareholders. Still long. Thank you guys for the enlightenment.
Been holding DIAAF for a long time with an average of .0006. And yes, I lightened up today but holding my core position which I based on the last filing in Oct. 2011. At the time I thought it was an awesome value play that should be trading north of 10c. T&R International http://www.trinternationals.com/ appeared to be the turn around to profitability. Yet the company has been dark for over a year and public information is still almost non-existent. Then there was the DTCC chill with no reasonable explanation. So, what's different now? Any solid public news? Links?
A little DD on Mati Baumel leads me to believe he's in Switzerland focusing on New Health Era: http://www.linkedin.com/profile/view?id=3817853&authType=NAME_SEARCH&authToken=9py2&locale=en_US&srchid=52e837ea-be2b-400f-ba34-0005c5b8bb87-0&srchindex=1&srchtotal=2&goback=%2Efps_PBCK_*1_Mati_Baumel_*1_*1_*1_*1_*2_*1_Y_*1_*1_*1_false_1_R_*1_*51_*1_*51_true_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2&pvs=ps&trk=pp_profile_name_link
So, we have a Canadian company with operations in Holland and an Isreali CEO in Switzerland. Interesting. I'd like to find some hard facts and financials. Anybody? Please enlighten me.
If you want to look at DIAAF on the Berlin exchange: http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=HGHN:GR
Nice day for DIAAF. GLTA.
So Stiff, I suggest you give it another week or so. My gut tells me that management will be compelled to get something out around mid November. My simple rationale is that financials are normally due around the 15th and a simple update should be forthcoming if management wishes to maintain credibility. I don't expect audited financials but a progress report should be provided soon.
I'm holding a bunch (for me) but I also reduced a few last week. So, I get it. Your call, you've been here much longer than me.
One would normally expect an earnings report around mid-November so it makes sense to me that we should receive an update within the next two weeks. I anticipate that Greg will be consistent and at least provide us with a status update by Nov. 15 to acknowledge the timing of normal reporting requirements - even if it's a sketchy PR.
The last financial report for previously existing business (pre-Greg) was the amended annual report in April. That was followed by the August "Fully Reporting" objective PR on Aug. 14. It just makes sense that management will be compelled to provide some information to shareholders by Nov. 15. Anything less is irresponsible and will indicate to me that BFHJ has gone dark. Still, I think we are in good hands based on Greg's reputation and accomplishments.
This timing is paramount for shareholders. I assume we're still earning on assets even though auditing is in progress, . Mark Nov 15 on your calendar. As owners of this company and are entitled to information.
NOK HOD @ $2.92 - earnings today. Nov 3 Calls ?
A Christmas gift. I think inventory is now understated from the last 10Q just by the increase in gold and silver. Accumulateing low .003s when I can.
Stiff, you are right on target. Simple courtesy to our CEO and family. Glad you are a moderator.
Interesting day with no sellers and no buyers. No one wants .0001s and no one selling .0001s. I just might test this in the morning.
Just chillin' to Jeff Buckley's "Halleluja," now
Thanks Litch. I share your sentiment and appreciate your efforts to bring some balance to this board.
Stiff: thanks for taking the lead to bring us back to a productive discussion.
Here4Beer: just submit a buy order for .0002 and you'll get filled.
Nosfelle: thanks for your "level headedness"
Doubledown22: thank you for reposting the August PR.
ACC: I want to be you sitting in Nica with a parrot on my shoulder.
Do you think Greg reads these posts? I'd be surprised if he didn't look in here on occasion. (Hi Greg.)
Some of you guys are a bit over the edge and beyond reasonable due diligence. Why would anyone think of tracking down family members? Ever! We need to respect privacy. I even question the purpose of massive emails and phone calls. The lack of news doesn't mean bad news.
This is not directed to any specific individuals. Moderators, please ask contributors to keep this board on topic and not let it run wild as a "Find Greg" agenda. Let's keep to productive sharing of ideas.
That said, I appreciate most of the contributors here. As much as most I am anxious for details but I also think the August PR provided a reasonable explanation for the time being. I'm not looking for anything until around mid-November (when 3Q results would normally be expected).
Yes. It's a "zero sum" game. Most options expire worthless. But as long as there is "bid" then there is a buyer and you can sell your options to someone else.
If you're long an option then time works against you and erodes value which is especially rapid in the last few weeks before expiration. High risk - high reward. Unless you hedge you can easily lose it all. (By hedging I'm referring to positions like a Bull-Call spread, Bear-Put spread, etc.)
If you're "in the money" at expiration your options can be exercised and you'll own the underlying stock at the strike price - you just need to be sure your account can afford to buy them at your strike price.