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I already have spoken with them. Picked up more at .0141 today.
Give up!!! Did we give up when the Germans bombed Pearl Harbor..?? NOOOOOOO. If Cris Galo would just come out with a PR stating that the SEC is going to find nothing improper with himl, his company or his PR's and that BIHC was going to give all shareholders a cash dividend of 55 cents per share and a bright shiny Obama quarter, when SEC is done.....then that would help the PPS maybe to move to .03 and we could sell if we do not believe Cris and his new dividend PR and new investors could take over??? Who's with me....yeeeeeaaaaaaaa
"Honestly, did anyone really think we were going to make money with BIHC?"
Yes. It was a gamble with poor odds, but yes. Many of us did.
Already have started the paper work. I still use my old college electric typewriter, so may take a couple weeks.
Spot on.
Ameritrade just confirmed suspended until the 21st Feb. 2009. Happy trails to all.
I am on the phone with Ameritrade, she is checking with their MM if suspended.
Yes, I do. I do not expect to sell any of my shares for anything, temp. or not
Anyone holding long is toast. SEC halted.
Then the PPS drops by the same amount of the dividend and they are left with the shares???? Do you know these "people on the sidelines?"
Why do you say that?
Where? When... If and when I said. You look at things in quite an odd pollyannish way. Can you show me where I "admit" a cash dividend will happen? Just want to know if you are a liar or if I miss-posted. Thanks for sharing information.
OH no slaz. That would mean they would miss the cash dividend. :)
You really the one who has the few buys at the ask? There has only been half a dozen at ask. If you believe there is going to be a cash dividend, then I would be buying if I had the funds. Remember, the PPS will be adjusted down by the cash dividend amount if and when paid. My guess is the ex-dividend date is going to be already passed if and when cash dividend is announced. That will take new money for stock out of play if that is what happens. Then PPS will also be adjusted down by the amount of the dividend. The only possible run up after that is that may show new investors BIHC is real.
Of course it is.
Yeah, if we are still talking about today. 5 million traded today. Almost all on bid, except one big buy. So yeah, if price goes up much today from where we are now, I will be very surprised.
I guess I was right. Many just happy to get their free shares and bail out now. Going on the bid all morning, decent volume. I believe many shareholders are tired of PR's that do not follow thru on the dates they put out and do not trust galo and do not believe cash divi is coming. Taking their money and running.
Not my point. I am saying galo and group only have to come up with 900K to pay dividend. Not much money. Barons may be able to supply that from profits. We do not know and we will probably not see any financials to prove it one way or another. However, now that galo opened his mouth about cash divi, 900K is not much to have to come up with.
I sometimes wonder if galo is real also. I cannot find a single thing on the guy besides his PR's. Who is he? Is he real?
SWHC is not a penny stock. They are a full reporting entity to the SEC, BIHC is not a full reporting entity to the SEC under penny stock rules.
I second those thoughts.
They only have to come up with 900K to pay galo his dividend and the rest of the outstanding to us. (around 180 million shares) The air shares will have to be dealt with by MM's and Brokers.
I think we will see some dumping today with new shares all delivered. imo
When I spoke with them yesterday, they said accounts will not be updated with new shares until the actually get the securities delivered to them. He said they are expecting them to be delivered the 4th. (today) He said if they do not receive them, Ameritrade will not give shares to shareholders. He said Ameritrade had been caught in the middle too many times. He said they use to update accounts with new shares before actual securities delivery and then never received them. So lets hope they get delivery today and we see our accounts updated.
Most days, you don't have the volume to daytrade, unless your looking to go out for dinner....maybe.
I do not see how a personal use software to create a household database can benefit a countrywide medical record keeping system for health care professionals. I see the PPS going back down relatively soon. IMO
We ran to .06 because of the possible buyout. There is no evidence for any other reason for run. We have no Financials.
Slaz, do you really think Galo will add to the capital equal to the stock dividend value? I do not believe it. He has to do this for this to be an actual Stock Dividend. We will never know if he does add to capital or not. NO one watching or able to verify....why would he. This is a stock split imo.
But what if the company decides to give its shareholders one free share for every share held? A company is then said to have made a one-for-one stock dividend. This essentially means that if you have 100 shares of Rs 10 each, you will receive another 100 shares of Rs 10 each free.
The face value of the share remains the same after the stock dividend. Companies issue stock dividend by transferring funds from reserves. There is no such transfer in a stock-split.
Suppose a company has a paid-up capital of Rs 10 crore divided into one crore shares of Rs 10 each. Assume that it has Rs 25 crore as reserves. For a one-for-one stock dividend, the company will transfer Rs 10 crore from reserves to the paid-up capital. So, the capital account will now have two crore shares of Rs 10 each, while the reserves will be only Rs 15 crore.
Research studies have concluded that the price moves up after a company announces a stock-split and/or stock dividend. Stock dividend is a stronger signal, though.
When the company issues stock dividend, it has to henceforth pay cash dividend on a higher equity base. So, it has to generate more cash in the future. The signal is, therefore, stronger.
If Galo transfers money from reserves to capital, then it will be a stock dividend. My guess is he will not. However, we will never know because we have no financials. So this will be a stock split in my opinion. May not be bad in the long run but they should call it what it is.
Galo is going to come out with a PR stating because of hard times there will be no cash dividend or they will give a .0001 dividend or some morsel. By not paying the dividend, the company will be in a better position to weather the coming year even though we see strong sales in the pipeline. imo
L2 is always a non-read before and after bell. It can tell you nothing about opening tomorrow.
"and the cash divi is being prepared as we speak." You know this as a fact Kimi?
My opinion too. The 25 Percent rule says that 25 Percent of zero is zero. Nasdaq has to approve this. I believe they can do that only during leap years on Feb. 4th.
THERE IS NO PAY DATE. SHEESH.
We have no pay date. Do you have a pay date in mind? Please share where you are getting it from.
"aware of the proposed dividend" from what? A PR like the rest of us? From all the calls they have be getting concerning the PR of a stock dividend? We have no idea. My guess is from the PR and all the inquiries from stockholders. They told me they have not been notified by the company of a stock dividend or a stock split.
I suggest we all flood the answering service today and call Galo every name in the book. I know he does not care and will laugh. However, time for him to be flooded with what we really think about him. Maybe he will stop playing golf for a few minutes to listen to a couple of our insults. I am sure he can take some of his "busy time" away from his "business ventures" to hear from some of us bagholders.
I called yesterday. They said they have no knowledge of any stock dividend or split.
Good Read for PPS and dividends:
http://www.fool.com/investing/dividends-income/2006/02/27/dividend-myths-foolishly-debunked-part-1.aspx
Touche
I would guess Galo will come out from behind the door with a PR in the next couple of days.