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Galo didn't make up the 180 million A/S it is the same number Nevada Secretary of State has on their website.
That is a low number for a pinksheet stock. And 20 million float is an even smaller number.
Yes, there certainly are alot of maybes. But the end is near. Galo has kept quite for a reason and maybe we should be really glad he did. More time for us to accumulate shares.
Turbo, The website does not say the shares are actually owned by someone. "In managements control" could mean alot of things. Some could be in treasury. Some could be set aside for purchase of a new subsidiary. Galo has not disclosed that yet. One step at a time. IMO He knows what he is doing!
I do know that management is in control of 160 million shares. I don't know if they are all held by management or just sitting in treasury waiting to be used for a new aquisition or to be returned to treasury. The website says they are "in managements control", does not say if they are owned by management.
If you have facts about who owns these shares please feel free to elaborate.
I wonder what the "In managements control" means.
Some of the shares may not have been put to use yet. I remember last year they set aside shares for the purchase of Baron. Some of those 160 million may be set aside for the next aquisition they have been working on. Some of the shares may also be ones bought back that are in treasury and not returned to transfer agent.
Doesn't really matter. A/S is 180 million and Public float is about 20 million.
You have been claiming the company was diluting the market with the 180 million shares. Now we all know. The public float is less than twenty million.
We were waiting for two things. Share structure and press release. We got one, the other can't be far behind.
It is nice to know the A/S is only 180 million. It is not likely that the O/S has been raised that high. This stock was subpenny before June. It would not have stayed above a penny if they were diluting.
I don't think it would be possible to get 800,000 shares at .025 (For $20,000)
IMO After a couple hundred thousand the ask would move up. They would be chasing it.
Raising the bid/ask? That sounds like a great idea. Hope they do it soon. Love to see it run.
Three mm's at .02 on the bid. Four mm's at .025 on the ask.
No trades in an hour. Beginning to look like a standoff.
Therm,
Many of the investors here would love to know the O/S, since we have not yet been given that information we must use the information we have to decide whether to invest in the company or not.
We do know that the Nevada Secretary of State says BIH Corporation has 180 million shares authorized. That has been enough share information for many of us to to put our money here.
If you are not happy with that then you should invest your money elsewhere.
Trader
Welcome back. The pps of BIHC goes up and many of our friends show up. Missed you!
.02 X .025 WOW nice spread.
IMO It's got to be real soon in order to get the dividend paid this year.
Great! Hope we get closure soon.
They're green. That's trades listed as buys.
Sorry should have referred to them as trades not sales.
There were two sales so far:
24,000 @ .023
15,000 @ .024
Same here. No extra cash in the brokerage account. But may have to look for some. Wonder if there's time?
Gold plated? Buy a few more shares at these low prices and maybe solid gold clubs could be in your future.
Always tomorrow. What's wrong with today? Come on Galo get that press release out!
Rabbi, Galo continues to say it is the companies "intent". Wish he could come right out and say "Yes it's done!" But of course that would insider information. Patiently waiting.(Yeah right - patiently(LOL).
Will dividend be paid in 2008?
Question:
Author: CBS (209.86.73.---)
Date: 11/25/2008 14:33 h
[Answer]
Mr. Galo:
Could you please verify: Is your response "That is the company's intent." in answer to the question "Will the dividend be paid out by December 31, 2008?"
Thank you.
Katie
Answer:
Author: Cris Galo President, BIH Corporation (64.34.197.---)
Date: 12/01/2008 22:56 h
[Answer]
Dear Ms/Sir,
Yes that is correct.
Regards,
Cris Galo
Share structure. Mr Galo answered some questions in the shareholder forum on the BIHC website, but he totally avoided the entire page with the share structure thread on it. Looks as if we will have to wait for a press release to get this information.
He did post this in another thread:
Author: Cris Galo President, BIH Corporation (82.103.128.---)
Date: 12/01/2008 22:35 h
[Answer]
Dear Michael,
The company has been very stingy with the number of shares put into the market, as you can see the authorized shares have remained the same 180M it is in managements and my best interest to have the lowest public float after all we are shareholders also and control 51% of the stock.
Regards,
Cris Galo
Mr Galo are you saying the Buyer, accountants, and lawyers have only 29 days to get their act together?
Author: Cris Galo President, BIH Corporation (94.100.19.---)
Date: 12/01/2008 22:44 h
[Answer]
Dear Ram,
Our intent has and still is to close by the end of this year.
Regards,
Cris Galo
Slaz, Galo has stated many times on the company website that he intends to close this deal in 2008. This was recently posted by him:
Author: Cris Galo President, BIH Corporation (94.100.19.---)
Date: 12/01/2008 22:42 h
[Answer]
Dear Ram,
I can only say at this point the deal is coming to fruition and it is our company's requirements that it has to close this year.
Regards,
Cris Galo
Sil, Don't think Galo is trying to cause doubt. We really don't know if the company has continued to buy back shares since the last press release about the share buyback was in June.
Slaz, Galo did finally answer some questions tonight on the shareholder forum. Don't know why this takes him so long. Hope it is because he was busy working on contracts.
Trader
http://www.bihcorporation.com/12701.html
Galo posted on 12/1/08. Updating many of the threads in the shareholder forum.
Actually since the summer I have sold every other stock I owned. BIHC is currently the only stock I will hold overnight. Too much volatility. Have held BIHC high and low, waiting for news. Flip everything else and get out before the end of the day.
Yes, I have had those dreams. A dollar a share is two million bucks. Even just a ten cent dividend is two hundred thousand dollars and I would still own the stock. Must be crazy right?
Wish I had gotten in that low. Heard about this, but spent too long checking it out. Didn't get in until .011 and have bought more at higher prices. Sold about 100,000 because I wanted the cash to flip something else. Still holding almost 2 million shares.
Know what you mean. Could have sold some myself in the summer for a profit. Just don't know when the news will come and am not willing to chase it later. Of course the news is much closer now.
Have read everthing I could find on BIHC and PRSU(previous ticker for this stock). Galo does not seem to be like any other CEO in pinksheets. Not really many bashers of this stock. Have found that some shareholders are not good at waiting.
Agreed. Many companies have more than 180 million outstanding shares and they produce runs. This one just needs a reason to produce some big volume.
Monday morning now and nothing new from Galo on the website over the four day holiday. Patiently waiting. News today or tomorrow would be great.
I think Galo is really trying for 2008. There may be things beyond his control, but IMO this closes in 2008 if he gets what he wants.
Haven't raised the A/S here in over a year. And that to me is a very good sign in the pinksheets.
It's officially December 1st. 2:30am on east coast. Weeks ago Galo said on the BIHC website that the companies intention was to get this deal done by the end of the year. That would mean this month.
No press release on the holiday. Maybe Friday? Only half a day of trading on stock exchange. Markets close at 1:00
Don't see any changes on the BIHC company website in the last few days either.
Some people just can't wait. Seems we have no choice here. Been waiting several months myself. Hope we are near the end. Galo has posted on company stockholder forum that company intends deal to be done in December. Hold on tight!