BFHJ I actually think it's good news out at 1:00 a.m., read carefully: Beneficial Holdings, Inc. Withdraws Offer for Thunderbird Resorts Based on Violations of the Offer Terms

MANAGUA, NICARAGUA--(Marketwire - October 5, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, announces pursuant to Section 7.1(b) of the Dutch Takeover Decree that it will not submit an offering to the Netherlands Authority for the Financial Markets for approval.

Specifically, Beneficial was willing to pay $2.12 per share of Thunderbird Resorts Inc. ("TBIRD") and one BFHJ share for every ten TBIRD shares. The offer stated that it would be withdrawn if TBIRD engaged in any share dilution in excess of 20%.

At the time of the offer, TBIRD maintained less than 20,000,000 ordinary shares trading at a price around $1.00. At $2.12 per share, Beneficial's offer valued TBIRD under $50,000,000.

However, TBIRD recently filed an offering to sell 75,000,000 shares at approximately $1.00 each. This would leave TBIRD with nearly 95,000,000 shares. While an investment of $75,000,000 would provide 80% control, it is far above the price we offered.

There are three reasons why Beneficial will not participate in the offering or increase its offer at this time. First, Beneficial does not believe that TBIRD can justify a $75,000,000 price for 80% control. Second, Beneficial believes that the offering unfairly dilutes current TBIRD investors and may create investor dissatisfaction. Under our offer, TBIRD's shareholders would have received $2.12. If we participated in TBIRD's counter-offering, the current shareholders would receive nothing and the market value of their stock could plummet due to dilution. Third, we would require additional funding sources to invest over $50,000,000 in TBIRD.

As Beneficial believes that TBIRD's dilution may cause a diminished market price, we will continue to monitor the market. If TBIRD's market capitalization falls under $50,000,000, we may reevaluate the situation.

Beneficial will now focus its financial resources on other acquisitions already targeted while pursuing additional gaming locations in Central America.

This press 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 the date hereof, and the company undertakes no obligation to update any statement to reflect occurrences after the date of this release.

Contact:
Investor Relations
Beneficial Holdings
www.beneficialholdings.info
(702) 522-1527

BFHJ NEWS OUT read between the lines! Remember they are lowering their authorized and no shares issued for 6 months.

Beneficial Holdings, Inc. Withdraws Offer for Thunderbird Resorts Based on Violations of the Offer Terms

MANAGUA, NICARAGUA--(Marketwire - October 5, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, announces pursuant to Section 7.1(b) of the Dutch Takeover Decree that it will not submit an offering to the Netherlands Authority for the Financial Markets for approval.

Specifically, Beneficial was willing to pay $2.12 per share of Thunderbird Resorts Inc. ("TBIRD") and one BFHJ share for every ten TBIRD shares. The offer stated that it would be withdrawn if TBIRD engaged in any share dilution in excess of 20%.

At the time of the offer, TBIRD maintained less than 20,000,000 ordinary shares trading at a price around $1.00. At $2.12 per share, Beneficial's offer valued TBIRD under $50,000,000.

However, TBIRD recently filed an offering to sell 75,000,000 shares at approximately $1.00 each. This would leave TBIRD with nearly 95,000,000 shares. While an investment of $75,000,000 would provide 80% control, it is far above the price we offered.

There are three reasons why Beneficial will not participate in the offering or increase its offer at this time. First, Beneficial does not believe that TBIRD can justify a $75,000,000 price for 80% control. Second, Beneficial believes that the offering unfairly dilutes current TBIRD investors and may create investor dissatisfaction. Under our offer, TBIRD's shareholders would have received $2.12. If we participated in TBIRD's counter-offering, the current shareholders would receive nothing and the market value of their stock could plummet due to dilution. Third, we would require additional funding sources to invest over $50,000,000 in TBIRD.

As Beneficial believes that TBIRD's dilution may cause a diminished market price, we will continue to monitor the market. If TBIRD's market capitalization falls under $50,000,000, we may reevaluate the situation.

Beneficial will now focus its financial resources on other acquisitions already targeted while pursuing additional gaming locations in Central America.

This press 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 the date hereof, and the company undertakes no obligation to update any statement to reflect occurrences after the date of this release.

Contact:
Investor Relations
Beneficial Holdings
www.beneficialholdings.info
(702) 522-1527

THanks mookies for that, I just notices it on my RSS alerts.

bfhj news

SOURCE: Beneficial Holdings, Inc.
Sep 30, 2009 01:39 ETBeneficial Holdings, Inc. Reduces Authorized SharesMANAGUA, NICARAGUA--(Marketwire - September 30, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today approved a resolution modifying its authorized share structure that also includes a lock up provision.

The resolution was adopted to accommodate a prospective major acquisition that has not yet been announced. The Company approved the resolution directing that the authorized number of shares of common stock be reduced to 129,000,000 from 200,000,000.

Additionally, the Company executed a resolution that prohibits it from issuing any additional shares beyond the newly reduced authorized shares of 129,000,000 for a period of six months regardless of any circumstances that may arise.

These resolutions were approved and executed in anticipation of the prospective major acquisition and will assist the company from a financial perspective as the process moves forward.

This press release does not constitute an offer of any securities for sale. It contains certain 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 actual results to differ. Statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

Contact:
Investor Relations
Beneficial Holdings
Email Contact
(702) 522-1527 Digg thisBookmark with del.icio.usAdd to Newsvine
Technorati: casino bfhj beneficial holdings tbird thunderbird stock share reduction
Click here to see all recent news from this company
Privacy Statement | Sitemap |© 2009 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

bfhj newz out
SOURCE: Beneficial Holdings, Inc.
Sep 30, 2009 01:39 ETBeneficial Holdings, Inc. Reduces Authorized SharesMANAGUA, NICARAGUA--(Marketwire - September 30, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today approved a resolution modifying its authorized share structure that also includes a lock up provision.

The resolution was adopted to accommodate a prospective major acquisition that has not yet been announced. The Company approved the resolution directing that the authorized number of shares of common stock be reduced to 129,000,000 from 200,000,000.

Additionally, the Company executed a resolution that prohibits it from issuing any additional shares beyond the newly reduced authorized shares of 129,000,000 for a period of six months regardless of any circumstances that may arise.

These resolutions were approved and executed in anticipation of the prospective major acquisition and will assist the company from a financial perspective as the process moves forward.

This press release does not constitute an offer of any securities for sale. It contains certain 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 actual results to differ. Statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

Contact:
Investor Relations
Beneficial Holdings
Email Contact
(702) 522-1527 Digg thisBookmark with del.icio.usAdd to Newsvine
Technorati: casino bfhj beneficial holdings tbird thunderbird stock share reduction
Click here to see all recent news from this company
Privacy Statement | Sitemap |© 2009 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

bfhj SOURCE: Beneficial Holdings, Inc.
Sep 30, 2009 01:39 ETBeneficial Holdings, Inc. Reduces Authorized SharesMANAGUA, NICARAGUA--(Marketwire - September 30, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today approved a resolution modifying its authorized share structure that also includes a lock up provision.

The resolution was adopted to accommodate a prospective major acquisition that has not yet been announced. The Company approved the resolution directing that the authorized number of shares of common stock be reduced to 129,000,000 from 200,000,000.

Additionally, the Company executed a resolution that prohibits it from issuing any additional shares beyond the newly reduced authorized shares of 129,000,000 for a period of six months regardless of any circumstances that may arise.

These resolutions were approved and executed in anticipation of the prospective major acquisition and will assist the company from a financial perspective as the process moves forward.

This press release does not constitute an offer of any securities for sale. It contains certain 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 actual results to differ. Statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

Contact:
Investor Relations
Beneficial Holdings
Email Contact
(702) 522-1527 Digg thisBookmark with del.icio.usAdd to Newsvine
Technorati: casino bfhj beneficial holdings tbird thunderbird stock share reduction
Click here to see all recent news from this company
Privacy Statement | Sitemap |© 2009 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

good something for me to talk about tonight!

looking for the newzz

cant wait

did u get the cheepiezzz today joe?

bfhj would like 2 c it higher but long for tomorrow. i saw mr wdco takinhg a break

holding long and strong.

Wow! Excellent news.

the 100+k block at .035 was me. if it falls more i buy even more.

We're on our way boys, one way or another, with or without TBIRD, this company will have acquisitions and it will grow.

bfhj The Netherlands Regulatory Authority for the Financial Markets Contacted Beneficial Holdings Regarding Its Offer for Thunderbird ResortsLAS VEGAS, NV--(Marketwire - September 11, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today received a notification from the Netherlands Authority for the Financial Markets, which maintains jurisdiction over the NYSE Euronext Stock Exchange where Thunderbird Resorts trades.

The Authority has reviewed the circumstances and considered the press release issued on September 8, 2009, to constitute an announcement under the Dutch Takeover Decree that Beneficial would make a public offer for Thunderbird Resorts.

The notification was in response to Beneficial Holdings' announcement that it "believed a fair and adequate offer for the shares of Thunderbird Resorts would be $2.12 per share along with one BFHJ share for every ten TBIRD shares."

The offer is contingent upon Beneficial being able to acquire 80-100% of the ordinary shares of Thunderbird Resorts based on an ultimate proxy if endorsed by the Board of Directors of Thunderbird Resorts.

As a result of the notification, Beneficial recognizes its capacity and will comply with all of the Dutch Authorities' guidance regarding its acquisition objectives.

This press release does not constitute an offer of any securities for sale. It contains certain 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 actual results to differ. All statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

The Netherlands Regulatory Authority for the Financial Markets Contacted Beneficial Holdings Regarding Its Offer for Thunderbird ResortsLAS VEGAS, NV--(Marketwire - September 11, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today received a notification from the Netherlands Authority for the Financial Markets, which maintains jurisdiction over the NYSE Euronext Stock Exchange where Thunderbird Resorts trades.

The Authority has reviewed the circumstances and considered the press release issued on September 8, 2009, to constitute an announcement under the Dutch Takeover Decree that Beneficial would make a public offer for Thunderbird Resorts.

The notification was in response to Beneficial Holdings' announcement that it "believed a fair and adequate offer for the shares of Thunderbird Resorts would be $2.12 per share along with one BFHJ share for every ten TBIRD shares."

The offer is contingent upon Beneficial being able to acquire 80-100% of the ordinary shares of Thunderbird Resorts based on an ultimate proxy if endorsed by the Board of Directors of Thunderbird Resorts.

As a result of the notification, Beneficial recognizes its capacity and will comply with all of the Dutch Authorities' guidance regarding its acquisition objectives.

This press release does not constitute an offer of any securities for sale. It contains certain 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 actual results to differ. All statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

If it falls fast enough, it might not be eligible for nasdaq after the reverse. What then? I hope that doesn't happen to y'all but I think they should have just done it and issued the 8-K when it happened and concurrently filed the reduction. This way people wouldn't be running away.

where's our pr explaining we are buying circus circus?

insiders would have to have their shares restricted as they can't legally benefit from nonpublic info. so you can't buy all the stock knowing it's going to be 50 pizza huts. and then sell it for $1 a share.

probably because a company with no published financials made an unsolicited offer to them like they say. what did they expect would be in the letter, an audited detailed list of where the money came from. i think step one is does tbird think the price is right. if yes, then of course, time to show the cards. if not, then time to find out what price tbird wants.

tbird stock was trading at .50 just last month, now its 1.30, I would say anything over $1 can be attributed to bfhj. they should be happy with the attention drawn to themselves.

Which part of it? i would have expected nothing less than what has occurred. i personally think tbird values themselves a lot higher than what was offered and its unlikely they want to even entertain someone coming into their program.

agreed but i dont think we hear more until the insiders load up.

i think $2.12 was an opening offer, tbird appears to have taken great pains to get onto euronext and all their stock did was fall since that time. i dont think they appreciate $2.12 as an offer.

level 2 anyone?

normally companies that are subject to a bid for their assets aren't going to take kindly to it. you wouldn't expect them to jump for joy.

peeps want new leadership at tbird they run good operation but cat get the stock moving

732 is jersey right?

waiting anticipating the day when peter van dyke makes this plane fly.

ibox should contain text only, links, and maybe one pic

but i thought that ihub used opb (other peoples bandwidth) for the pix by embedding them

who joined us today at the ask?

ya i wonder if they got something secret wit that. u know bodog had lotsa operations in cr.

thx for the chart clay u the man

i sure thats the case, but i think first step is for thunderbird to give some guidance if the price is right.

bodogs?

too many pips 4 me! i likey a futures better.

bfhj up 180% trying to takeover euronext tbird

Beneficial Holdings Responds Regarding Thunderbird Resorts Rebuttal to Acquisition OfferLAS VEGAS, NV--(Marketwire - September 9, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today provided its shareholders with its response to Thunderbird Resorts' press release.

On the evening of September 8, 2009, without attempting to contact BFHJ's management, TBIRD issued a statement that they did not plan to respond to our letter addressed to their directors requesting concurrence with our offer to purchase the entire outstanding ordinary shares, but no fewer than 80%, of the company for $2.12 along with one Beneficial Holdings share in exchange for every ten TBIRD shares.

In response to TBIRD's communication that suggested Beneficial Holdings may not have complied with securities laws, the company states that it did not issue a tender offer to purchase shares. Instead, Beneficial submitted its proposal to the directors in an attempt to formulate a mutually acceptable proxy plan. The letter specifically stated that upon the recommendation of the directors that the offer be accepted, Beneficial would formulate a proxy to shareholders. "What we did is no different than the initial letter Kraft Foods recently propounded upon Cadbury suggesting terms of an acquisition. Only after the companies try to work out an agreement do you submit a formal tender to shareholders for approval. Of course, Beneficial does not rule out a formal hostile tender offer if discussions are fruitless," said Alex Papic, Vice President of Beneficial Holdings.

Beneficial Holdings believes it offered a fair price for TBIRD and has followed all corporate protocol by advising TBIRD's directors in advance by indicating our objectives. Beneficial intends to fully pursue this proposed acquisition, and it located no legislation requiring a formal filing solely for making an initial proposal to the directors requesting that they recommend supporting a proxy.

Beneficial Holdings believes it is irresponsible of TBIRD to infer that the company may not have the ability to fulfill its offer, while refusing to respond as to whether it believed the offer was adequate. Beneficial does not believe this course of action is in the best interest of TBIRD's shareholders. Indeed, the letter to TBIRD clearly stated that upon the directors indicating that they would support the price offered, Beneficial would immediately establish an escrow. Beneficial is fully prepared to deposit in escrow any reasonable amount of funds necessary to move forward with the proposed acquisition if TBIRD agreed on the fairness of the offered price.

Beneficial Holdings realizes that our notification of interest took TBIRD's management by surprise, and the company intends to begin a dialogue as soon as possible. Through discussions, it will be determined whether TBIRD would be amenable to what we believe is a fair valuation and Beneficial will then move forward.

This press release does not constitute an offer of any securities for sale. It contains certain 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 actual results to differ. All statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

Contact:
Investor Relations
Beneficial Holdings
Email Contact
(702) 522-1527

i wish the markets were open now so i dont miss the action everyday. it should be 24 hours so we can loaq up.

bfhj not getting along with thunderbird resorts? Beneficial Holdings Responds Regarding Thunderbird Resorts Rebuttal to Acquisition OfferLAS VEGAS, NV--(Marketwire - September 9, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today provided its shareholders with its response to Thunderbird Resorts' press release.

On the evening of September 8, 2009, without attempting to contact BFHJ's management, TBIRD issued a statement that they did not plan to respond to our letter addressed to their directors requesting concurrence with our offer to purchase the entire outstanding ordinary shares, but no fewer than 80%, of the company for $2.12 along with one Beneficial Holdings share in exchange for every ten TBIRD shares.

In response to TBIRD's communication that suggested Beneficial Holdings may not have complied with securities laws, the company states that it did not issue a tender offer to purchase shares. Instead, Beneficial submitted its proposal to the directors in an attempt to formulate a mutually acceptable proxy plan. The letter specifically stated that upon the recommendation of the directors that the offer be accepted, Beneficial would formulate a proxy to shareholders. "What we did is no different than the initial letter Kraft Foods recently propounded upon Cadbury suggesting terms of an acquisition. Only after the companies try to work out an agreement do you submit a formal tender to shareholders for approval. Of course, Beneficial does not rule out a formal hostile tender offer if discussions are fruitless," said Alex Papic, Vice President of Beneficial Holdings.

Beneficial Holdings believes it offered a fair price for TBIRD and has followed all corporate protocol by advising TBIRD's directors in advance by indicating our objectives. Beneficial intends to fully pursue this proposed acquisition, and it located no legislation requiring a formal filing solely for making an initial proposal to the directors requesting that they recommend supporting a proxy.

Beneficial Holdings believes it is irresponsible of TBIRD to infer that the company may not have the ability to fulfill its offer, while refusing to respond as to whether it believed the offer was adequate. Beneficial does not believe this course of action is in the best interest of TBIRD's shareholders. Indeed, the letter to TBIRD clearly stated that upon the directors indicating that they would support the price offered, Beneficial would immediately establish an escrow. Beneficial is fully prepared to deposit in escrow any reasonable amount of funds necessary to move forward with the proposed acquisition if TBIRD agreed on the fairness of the offered price.

Beneficial Holdings realizes that our notification of interest took TBIRD's management by surprise, and the company intends to begin a dialogue as soon as possible. Through discussions, it will be determined whether TBIRD would be amenable to what we believe is a fair valuation and Beneficial will then move forward.

This press release does not constitute an offer of any securities for sale. It contains certain 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 actual results to differ. All statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

Contact:
Investor Relations
Beneficial Holdings
Email Contact
(702) 522-1527