That is interesting. There has got to be a large naked short here or the share structure is far from what we believe it to be. Guess we find out soon.

No, haven't seen share structure. Hope it's out today(Friday) or latest by Monday.

BIHC should not be compared to SPNG. BIHC has only 180 million shares authorized. SPNG has more than three times that outstanding. Their pps would not move in the same way.

Edit: More than four times not three.

Shareholder has right to know that the authorized shares has not changed it is still 180 million. This can be checked by any shareholder by going to the Nevada Secretary of State's website.

Okay, thank you.

I have both ETMM and ETRD, but at different prices.

Thanks

My L2 on BIHC is messed up. I have AUTO on bid at .023 and ETRD on ask at .022

Anyone else have correct numbers?

All we need now is a reason for buyers to come in(press release) and boom!

Sorry, but I am really glad they won't sell to you at .021
Means people will have to raise pps to get shares if they want them. That sounds good to me.

Got a reply from investor relations today to an e-mail I had sent last week. It was about website. No informatioon about sale.

Looks like we continue to move up. If ever so slowly. Maybe we end green again today.

Was out all day yesterday. Doesn't look like much new here. Nothing new on company website. Still waiting for press release. Glad to see the pps remained at .02 with small trading spread.

I'm still thinking we don't get share structure til we get deal closed announcement.

Well December is only two trading days away. Today and half a day on Friday. Monday is the first.

Rabbi, i have a couple high gtc orders in. Just in case it runs really high. Think it will take days to get to the high numbers though.

I would take my laptop, but I'm attending a funeral. But that's okay I would rather get a press release tomorrow than have to wait.

Yes rabbi and I am just sick because I will not be able to be at the computer tomorrow morning. Have been hoping to watch all the excitement on L2 when we get the next press release.

Same here. Can't afford to buy more, but willing to take the chance with what I have.

The share structure will be addressed. Galo did put up a thread for this. He deleted posts from website that he didn't want to answer. He did not delete any of the questions about the share structure. For some reason he wants us to wait. We trusted him enough to buy into this company we will just have to trust his judgement here. Anyone who doesn't want to wait is free to sell their shares.

The share buyback was announced before the Baron sale. Would think that he could PR where the buyback stands. Don't know if he could legally just post share numbers on the forum, because only those reading the forum would have access to the numbers. Once the buyback was announced he probably has to tell everyone at once if numbers changed.

We can do that! You can search all the posts by date.

Saw that 100 share trade for .021 and thought it had to be you! Others will swear the mm's are sending a code.LOL

Yes, but that was the only shares sold so far today. Looks like shareholders are holding tight and rest are sitting waiting for a press release.

GM Did you catch up on the weekend posts? Galo cleaned up the BIHC Company website. He also answered some questions. Probably the ones he could without giving away insider information.

They have been talking about other acquisitions for quite some time. Would have the money after Baron International is sold. It would be great to have one press release after another for a couple of days each giving an update.

I have thought all along that the share structure would be put in a press release not just posted on the website. That is something that the public should all be informed about at the same time. Not everyone checks the website.

I have an account with Ameritrade and have seen that figure. Would be awesome if that is the true float.

That would be really great. We have to get news soon if dividend will be paid in this year.

Think that if there were no float available they would have to report that. The company would essentially be privately held by restricted shareholders.

IMO There is a float and I am hoping it is very low.

I see that he removed some post and answered some. He did not answer the posts about the share structure. He also did not remove it!
IMO He could have easily removed it but chose to leave it to be answered later.

It sounds like they are really trying to get this deal done. Of course he can't legally come out and tell us the day it will be completed even if he wanted to.

Kimi,

I am also glad he cleaned up the "President's Blog". Had written several times asking him to do so.

Also believe he is doing the best he can under the circumstances and within the limits of the law. Happy that they are trying to find a better format for the forum. It was a great idea and would hate to see it taken down.

Some wonder why there is a place for "preferred shares" on the BIHC website. I have wondered that myself and thought that maybe some of the restricted were exchanged for preferred.
Galo always talks about giving to the shareholders. With two classes of shares he could give different dividends to each class. This appeared to be a problem last year when he wanted to give a dividend just to the public float shares. Lawyers may have told him this was a way to solve that problem.

"The 3 for 1 common share dividend will not apply to management's restricted shares and will only be payable to the public common shareholders."

Then it became a 4 for 1 dividend BUT it applied to all shares just like you say. Good job. You caught Galo in a major lie.

No, IMO Galo had very good intentions but got caught in a major mistake.

FT. MYERS, FL--(Marketwire - September 11, 2007)......The company also ran into some legal issues regarding the dividend payment as per the company's legal counsel all shareholders including Mr. Galo by law had to receive the dividend. Though the company announced that Mr. Galo would not be receiving any dividend, he has to per the company's counsel and will receive 69,902,364 restricted for 2 years of common stock.

I am glad you appreciate all the BIHC talk. This board is usually dead if there is nothing new to talk about.

I told posters before that checking the whereabouts of an IPO was not always accurate. My Sprint aircard often shows a New York IPO when I am on the east coast, but not necessarily in New York.

Oh I can't believe you are going to make me do the math but:

From:
August 9, 2007
"The current share structure of the company is 30,200,000 outstanding of which 24,236,802 are restricted for two years and in management's control, leaving 5,963,198 in the public float."

dividend 3 more for each 1 you owned so:
restricted 24,236,802 times 4 equals 96,947,208
restricted for aquisition transaction 59,000,000
public float 5,963,198 times 4 equals 23,852,792


96,947,208 + 59,000,000 = 155,947,208restricted
+ 23,852,792common = 179,800,000total

is close enough to:
To this in Jan 08

Authorized Common Shares: 180,000,000
Restricted Common Shares: 155,733,240
Common Shares in the Public Float: 24,266,760

The current restricted shares are restricted until 2009. Some in April, the others probably not until the end of the year.

Options would not matter unless they were exercised and then the most important thing would be if they caused the authorized to have to be raised.

Remember:FT. MYERS, FL--(Marketwire - June 2, 2008) - BIH Corporation (PINKSHEETS: BIHC) today announced that the Board of Directors has approved a major plan to reduce its Authorized Shares from 180M to 80M through a combination of retiring a significant amount of existing outstanding restricted shares along with a buyback of additional outstanding shares on the open market.

IMO The buyback has continued at a slow pace over several months so as not to raise the pps and cost the company more or this was put on hold during the Baron deal negotiations. But the intention is to lower the authorized!

We are not talking about a company with a billion shares here! We are talking about 180 million!

Think about this: 180,000,000(Every authorized share) times .02(current pps) equals $3,600,000.

So the market cap of this company is about the same as one of its contracts. The market has not valued this company correctly. I want to be here when that secret gets out!