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Say what? Can you provide a source for BESE converting $30 million of debt to common shares? If I read it I'll admit that you are correct.
Typical pumper. Can't combat my posts with facts, so you attack me personally.
Don't you have anything constructive to say about why this would be a good investment, if even for speculation? C'mon, there have to be some good points that are defensible. Real money is at stake here, how about a little witty repartee from your side?
The personal attack just makes it more apparent that this is a pump and dump, and you and I both know it.
Certainly possible. It's called manipulation. Do you have a threshold when something is more than a pump and dump?
I prefer to do my due diligence. I see this company has no money, no prospects, hasn't put out a PR in over 2 years, has a person on staff who is a known pumper and who took the last company he was affiliated with into being delisted by the SEC.
I look at the fact that this same exact scenario has been attempted twice before with this stock since January 2009. Each time previously there was 'big news' on the horizon that oddly enough only a few people knew about and which could not be told to the general public. When nothing happened the stock tanked, taking everyone's investment with it.
$3,000, $300, or $30,000 means nothing-it's the due diligence around this company and the record of previous pumps and dumps that tell the tale.
Not angry, just happy to discuss the pump and dump here at BESE. I understand speculation, but there are far more solvent companies to speculate on.
Never said I didn't like BESE. Just don't like the pump and dump.
Since you asked the question, what stocks do you like, other than those that are set to 'explode'?
Didn't know I was required to post on multiple boards. I'll work on that. Meanwhile, what's your point?
Guessing that the company is making an acquisition based on the posts of people you don't know, who are saying stuff that cannot be verified anywhere? Now, that's just ridiculous. You should no more trust the people pumping this stock than you should trust me. Look at the Yahoo boad for this tock over the past 2 years. This is an exact duplicate of the pump and dump that has been tried before. If there was anything at all going on here, we would be hearing it from more that just a few pumpers on the BESE board.
Look at the most recent financials of this company, which they reported to the SEC. Ask yourself if this company, with no money from operations, no significant cash on hand, no reports from them of any activity at all is able to do anything beside stew in the land of the pump and dump.
Bese net income= ($381,000)
Net tangible assets= $12,000
Funds borrowed= $140,000
Total cash flow from operations= ($134,000)
Something stinks here. There has been absolutley no news from this company for years, yet people are posting once again about 'Big News' that just never seems to come. Look up the definition of pump and dump, and you' most likely see a picture of BESE. My guess is that pumpers who were caught with shares they could't sell last time are tying to pull in some new marks. Don't be fooled folks.
Probably not unless conditions change. This is a company with almost nothing going for it. They haven't even updated their website since 2008. Their financials are horrendous and they have done nothing in recent memory.
Over the last 2 years there have been a few attempts at a pump and dump of this stock. I've only been here for a short while but I have been following this company on the Yahoo board since January 2009.
The chief pumper was a guy by the name of John Perez who has promoted this and other stocks (USAU, GSPG, HIMR, TYRIA, XTMM, to name a few). Shortly after he was named president and CEO of USAU, the SEC notified the company that it faced delisting for not filing required reports. Although Perez strenuously stressed that all would be made right, the company was delisted in June and a lot of people lost money.
That same guy is the PR manager of BESE. Some people are saying that he is no long involved with the comapny, but his position was confirmed in the September SEC filing by BESE.
There is some talk that USAU and BESE will join forces, which gives USAU a route back into SEC compliance. However, USAU is another company that had nothing going for it but Perez's attempt at a pump and dump. The Yahoo board for USAU has been taken down, but the Investorshub board is still there. Read the old posts for BESE and USAU as part of your due diligence, then make your own decision. With Perez involved, it can't end well for the shareholders.
It's a pump and dump, nothing more, nothing less.
As for crawling back under a rock, ain't gonna happen. I like it here in the sunshine just fine.
You keep posting slurs and slander, I'll keep posting facts about this pump and dump.
BTW, I hear that your buddy John Perez may be under the SEC microscope-it's been posted on a few of the Yahoo Boards.
Dippy-of course you mean that you're just giddy that the pump and dump is working-for now. Of course, the pumpers have been caught with their pants down and stock in their portfolios over the last 2 cycles of this P&D. Actually, that's part of the reason for this cycle.
Dippy-you sound and act like a pump and dump wannabe. Why attack me? Why not just post facts to discount what I'm saying? It's OK, we all know, you can't discount what I'm saying. All you can do is name call and slander, which only makes you look more foolish.
The pump and dump is alive and well. PPS went down 10% yesterday on no news, it's up today also with no news. Somebody is manipulating this stock for their own gain, don't be fooled.
On absolutely no news. The schemers are really trying to push the pump and dump today. Guess it's already forgotten that the stock slid 10% yesterday, also on no news. Somebody is manipulating this stock for their own gain, don't be fooled.
The weapons of a pump and dump scammer-deflect the facts and criticize those who share the truth.
How about instead of taking personal shots at me you try to counter what I'm saying with some facts? I've tried to make this about BESE and if you really believed in this company you would be doing the same.
Your actions, all of them so far, scream pump and dump. Prove me wrong.
See, now that's what I thought, you really don't know much about this stock and the background of the pump and dump.
Educate yourself. Read the USAU and BESE board postings for the last 2 years on investorshub. Read the postings for BESE over the same period on the Yahoo board. This is standard due diligence that even a neophyte would perform, unless they were trying to mislead potential investors.
See the USAU scam developing as Perez is named president and quickly takes the company into getting de-listed by the SEC, all the while proclaiming that he would get the company back into compliance. Read the postings by all of the investors that got screwed and lost all of their investment in USAU.
Then ask yourself, is this a valid investment or will I get hosed if I buy this stock? How can it be that only one or 2 people know about 'big news' that they can't talk about.
Last question to ask yourself. If you caught onto a stock that really was going to pop, would you actually go around shouting from the rooftops, or would you keep quiet about it, slowing gathering as much of the stock as you could buy?
Sorry, but you are acting like a pumper whose only goal is to line his pockets at the expense of everyone else, as is your alter-ego 'Tony'.
Name calling and insults, two of the prime tools of a pump and dump wannabe or a used car salesman. Deflect the reality by calling someone names and posting general nonsense. No news, thinly traded stock, horrible financials. A web site that has not been updated in 2 years. It's a pump and dump, nothing more.
So what do you really think about the fact that John Perez is still associated with BESE? You can continue to ignore the situation, but it's still there. Is this just the latest scam by Perez and company in a continuing list of scams? Inquiring minds really want to know.
Actually, it trades like the pump and dump you're attempting to jump start. BTW, it's real easy to see that you and Tony are the same person. Work on that a little please.
Have you given up that easily on the 'big news' hype?
What about the fact that John Perez, a known scammer, is still a part of this company? You can ignore it, but it's still there.
Look at the history of this stock. Thinly traded, easy to manipulate. Yesterday trades of $5k, today $3k. The pump and dump has been tried on this stock multiple times in the last 2 years. The pumpers are still sitting on stock they have been unable to unload. Watch your back on this one.
Only the pumpers have heard of 'big news'. Think about it-if you heard of 'big news' would you be telling everyone, or would you be quietly accumulating, hoping nobody else found out about your possible bonanza? C'mon now, look at the financials for this company. Anybody that wants the assets of this company can scoop them up in bankruptcy court.
Best of all, John Perez is still involved here as the PR manager. Go to the USAU board for his sordid history and read up on just how many people he helped fleece on that stock. Please don't take my word for it-go read for yourselves. Then go to XTMM and see just what he has acomplished there. Realize that there is a pattern, and stay away.
Make up your own mind and don't be swept up by anyone, not me, not the pumpers.
Getting awfully exited over only $5000 of stock trades. A 'breakout' with no news is a pump and dump.
Point is, Tony said that Perez is no longer involved with BESE. The August 23rd 10Q says otherwise, and that is a fact. I do not question that Perez has stock options. If you read thoroughly enough you will realize that the stock options are intended as payment for his role as BESE's spin doctor. That is also contained within BESE's SEC filings. The very fact that he has those stock options proves that he is still involved with this company, and BESE acknowledges that fact in an SEC filing that is only 2 weeks old. I've read all of the BESE SEC filings as part of my due diligence, have you?
Once again, please let me know which parts of my posts you think I'm making up.
Settle down, Skippy.
One other note. Read BESE's 10Q released on August 23. It says that John Perez is still employed by the company.
Specifically, which parts of my post are you calling "angry nonsense"? Please let me know so I can provide my sources to back up my info. I would be happy to do so.
Can you provide any sources for your claims of "news on the horizon"?
If I had a nickel for every pumper that said "news on the horizon", I'd be a millionaire without ever owning a single share of stock. Gotta love how posters come from nowhere and suddenly pronounce themselves as the keeper of all of a company's secrets, although no information can be found anywhere to substantiate the claims.
As far as I can see by BESE's SEC filings, John Perez is still the spin doctor of record. BESE has released no information that says anything different. Anyone with any knowledge of John Perez knows that the safest bet to is to run quickly from anything he has touched, and never look back. Go to the USAU board or even look back on the BESE board on Investorshub for backup on this.
Look back at 2 years worth of BESE postings on the yahoo board. See the pumpers spout about "news on the horizon" time after time. Look at the share price in correlation to the hype. Nothing happened. A lot of hype, a lot of vitriol spewed at anybody trying to poke a hole in the hype, but no discernible, sustained, increase in the PPS. Also, not a single release from BESE during that time indicating anything would ever be on the horizon.
How about this from Bloomberg regarding BESE's finacials:
"Beeston Enterprises Ltd. may have more financial risk than other companies in the Metals and Mining industry as it is one of the most highly leveraged. Its Debt to Total Capital ratio stands at 96.36%. Beeston Enterprises Ltd. may have more financial risk than other companies in the Metals and Mining industry. It remains one of the most highly leveraged, despite its Debt to Total Capital ratio shrinking to 96.36% over the last fiscal year. Additionally, an examination of near-term assets and liabilities shows that there are not enough liquid assets to satisfy current obligations." ONCE AGAIN, "THERE ARE NOT ENOUGH LIQUID ASSETS TO SATISFY CURRENT OBLIGATIONS".
Look at the SEC filings over the past 2 years. The direction of BESE is a death spiral. Anybody providing financing to the company at this point will only increase the dilution of shares and the percent of leverage. There will be no White Knight for this company.
As for insider trading, no insiders have purchased stock in the last 5 years. That pretty much blows a hole in the whole "news on the horizon" thing. In fact, only Brian Smith is listed as an insider. And of course he is not selling any of his shares because BESE is at just about the lowest PPS it has ever seen.
In other words, BESE does not have enough money to get out of its own way. And the truth shall set you free.
So let's talk. Instead of nebulous rumors, how about if you post something that people can actually verify?
It's a pump and dump scam that pops up with this stock once in a while. Someone has been running the share price up in the hope of pulling in some marks. Over the past 2 months it's gone up 35% only to drop right back down a few days later, then repeat the spin cycle a week or two later.
Look at the Yahoo message board over the past 2 years for this stock in order to gain some enlightenment. Posters were screaming from the rooftops that this was the next hot stock, but it has gone nowhere. John Perez is in charge of investor relations, but he just rode USAU into being de-listed by the SEC. The fundamentals tell the story.
Buyer beware.