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BFHJ..(STILL TIME)!!!.7-1 divy should have approval this week from finra!!!!
Beneficial Holdings Inc. Updates Shareholders as to Dividend
LAS VEGAS, NV -- (Marketwire)
03/09/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) today updated shareholders as to the progress of the Company's dividend submission.
On March 3, 2010, FINRA requested that the Company provide it with a certificate of good standing from the State of Nevada. In addition, FINRA asked for a letter of clarification that no name would be changed. This request came at 6:00 p.m., so the Company could not respond until the next day. On March 4, 2010, the Company complied with the request.
In previous press releases, the Company erroneously referred to March 5, 2010, as the "ex date." The proper terminology was "record date." The Company listed the "record date" as March 5, 2010. The Company listed the "payable date" as March 10, 2010.
The transfer agent notified FINRA that the new inventory will be available March 10, 2010.
This does not necessarily mean that the shares will be paid on March 10, 2010. They will actually be received by retail customers when FINRA sets a date for brokers to distribute the shares.
In response to several emails from shareholders, the Company refers shareholders to publicly available information about share dividends to determine who may receive shares and who may not. The following website by the Securities and Exchange Commission regarding share dividends:
http://www.sec.gov/answers/dividen.htm
The discussion states, inter alia, that, "Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date). If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."
The Company urges caution in this regard. Our enterprise maintains its experience in the Central American gaming markets. As such, it suggests that shareholders consult their stock broker and their financial advisor to determine who will receive the dividend.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
This 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 today and the company undertakes no obligation to update any statement to reflect future occurrences.
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Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
very well, we hit 8mil volume the other day up 60%, its come back down around .016-.0219 since waiting on FINRA APPROVAL dividend. THEN BOOM!!!!!
BFHJ.....STILL TIME..7-1 divy should have approval this week from finra!!!!
Beneficial Holdings Inc. Updates Shareholders as to Dividend
LAS VEGAS, NV -- (Marketwire)
03/09/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) today updated shareholders as to the progress of the Company's dividend submission.
On March 3, 2010, FINRA requested that the Company provide it with a certificate of good standing from the State of Nevada. In addition, FINRA asked for a letter of clarification that no name would be changed. This request came at 6:00 p.m., so the Company could not respond until the next day. On March 4, 2010, the Company complied with the request.
In previous press releases, the Company erroneously referred to March 5, 2010, as the "ex date." The proper terminology was "record date." The Company listed the "record date" as March 5, 2010. The Company listed the "payable date" as March 10, 2010.
The transfer agent notified FINRA that the new inventory will be available March 10, 2010.
This does not necessarily mean that the shares will be paid on March 10, 2010. They will actually be received by retail customers when FINRA sets a date for brokers to distribute the shares.
In response to several emails from shareholders, the Company refers shareholders to publicly available information about share dividends to determine who may receive shares and who may not. The following website by the Securities and Exchange Commission regarding share dividends:
http://www.sec.gov/answers/dividen.htm
The discussion states, inter alia, that, "Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date). If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."
The Company urges caution in this regard. Our enterprise maintains its experience in the Central American gaming markets. As such, it suggests that shareholders consult their stock broker and their financial advisor to determine who will receive the dividend.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
This 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 today and the company undertakes no obligation to update any statement to reflect future occurrences.
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Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
BFHJ...7-1 divy should have approval this week from finra!!!!
Beneficial Holdings Inc. Updates Shareholders as to Dividend
LAS VEGAS, NV -- (Marketwire)
03/09/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) today updated shareholders as to the progress of the Company's dividend submission.
On March 3, 2010, FINRA requested that the Company provide it with a certificate of good standing from the State of Nevada. In addition, FINRA asked for a letter of clarification that no name would be changed. This request came at 6:00 p.m., so the Company could not respond until the next day. On March 4, 2010, the Company complied with the request.
In previous press releases, the Company erroneously referred to March 5, 2010, as the "ex date." The proper terminology was "record date." The Company listed the "record date" as March 5, 2010. The Company listed the "payable date" as March 10, 2010.
The transfer agent notified FINRA that the new inventory will be available March 10, 2010.
This does not necessarily mean that the shares will be paid on March 10, 2010. They will actually be received by retail customers when FINRA sets a date for brokers to distribute the shares.
In response to several emails from shareholders, the Company refers shareholders to publicly available information about share dividends to determine who may receive shares and who may not. The following website by the Securities and Exchange Commission regarding share dividends:
http://www.sec.gov/answers/dividen.htm
The discussion states, inter alia, that, "Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date). If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."
The Company urges caution in this regard. Our enterprise maintains its experience in the Central American gaming markets. As such, it suggests that shareholders consult their stock broker and their financial advisor to determine who will receive the dividend.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
This 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 today and the company undertakes no obligation to update any statement to reflect future occurrences.
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Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
BFHJ... potential 5-10 bagger 7-1 dividend split should have finra approval this week.
Beneficial Holdings Inc. Updates Shareholders as to Dividend
LAS VEGAS, NV -- (Marketwire)
03/09/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) today updated shareholders as to the progress of the Company's dividend submission.
On March 3, 2010, FINRA requested that the Company provide it with a certificate of good standing from the State of Nevada. In addition, FINRA asked for a letter of clarification that no name would be changed. This request came at 6:00 p.m., so the Company could not respond until the next day. On March 4, 2010, the Company complied with the request.
In previous press releases, the Company erroneously referred to March 5, 2010, as the "ex date." The proper terminology was "record date." The Company listed the "record date" as March 5, 2010. The Company listed the "payable date" as March 10, 2010.
The transfer agent notified FINRA that the new inventory will be available March 10, 2010.
This does not necessarily mean that the shares will be paid on March 10, 2010. They will actually be received by retail customers when FINRA sets a date for brokers to distribute the shares.
In response to several emails from shareholders, the Company refers shareholders to publicly available information about share dividends to determine who may receive shares and who may not. The following website by the Securities and Exchange Commission regarding share dividends:
http://www.sec.gov/answers/dividen.htm
The discussion states, inter alia, that, "Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date). If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."
The Company urges caution in this regard. Our enterprise maintains its experience in the Central American gaming markets. As such, it suggests that shareholders consult their stock broker and their financial advisor to determine who will receive the dividend.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
This 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 today and the company undertakes no obligation to update any statement to reflect future occurrences.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
lets spread the word on todays news, lucyinthe sky
ALL ABOARD round two buying panic coming soon, along with website and acquisitions, im back in for 1/3 of my previous position i made 1k on that during our 8million share day. 30k this time.
GLTA
Ps... announce finra approval soon! imo
sold 84k @ .032 yesterday nice 1k profit. still have 6k and im not taking .027 thats for sure. this will still be a nice play for everyone, hoping ex delay and buy back in cheap we will see.
You think they will cancel it? That could be good for us with the right pr.
L2 ANYBODY?
lets hope they get squeezed on a higher pps ,today!
yes , i see that and i agree
Beneficial Holdings, Inc. Clarifies Tentative Dividend Ex-Date for Six Share Dividend
19 minutes ago - Marketwire
Related Companies
Symbol Last %Chg
BFHJ 0.0195 -7.14%
As of 12:46 PM ET 3/1/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.
The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010.
This means that shares must be settled by March 5, 2010 to receive the dividend. There is a three day settlement period that may affect the ability to receive the dividend.
However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date may not be delayed. For instance, FINRA may direct the distribution to occur later, but that shareholders from March 5, 2010, receive the dividend. (This does not mean FINRA will approve the ex-date, but the Company reviewed examples of nunc pro tunc ex-dates and believes the ex-date may be honored despite their review process and a potential later distribution of shares).
The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.
The purpose of the dividend is to provide liquidity to our stock. Presently, our stock is being manipulated by verified short sale tactics. On some days, over 70% of our trading is from short selling. We believe that added liquidity may alter the program of the broker-dealers involved.
In the interim, the Company is moving forward with its acquisition strategy. It's hotel will be open shortly and additional gaming locations acquired.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. Clarifies Tentative Dividend Ex-Date for Six Share Dividend
19 minutes ago - Marketwire
Related Companies
Symbol Last %Chg
BFHJ 0.0195 -7.14%
As of 12:46 PM ET 3/1/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.
The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010.
This means that shares must be settled by March 5, 2010 to receive the dividend. There is a three day settlement period that may affect the ability to receive the dividend.
However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date may not be delayed. For instance, FINRA may direct the distribution to occur later, but that shareholders from March 5, 2010, receive the dividend. (This does not mean FINRA will approve the ex-date, but the Company reviewed examples of nunc pro tunc ex-dates and believes the ex-date may be honored despite their review process and a potential later distribution of shares).
The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.
The purpose of the dividend is to provide liquidity to our stock. Presently, our stock is being manipulated by verified short sale tactics. On some days, over 70% of our trading is from short selling. We believe that added liquidity may alter the program of the broker-dealers involved.
In the interim, the Company is moving forward with its acquisition strategy. It's hotel will be open shortly and additional gaming locations acquired.
ABOUT BENEFICIAL HOLDINGS, INC.
This is a dividend not a split, so the price does not necessarily have to be divided by 7, post dividend. A dividend is generally a payout.
AGREED!!! PR ...finra approval
bfhj 7-1 share dividend ex date march 5th
BFHJ 7-1 share dividend ex date march 5th (friday)
we will get approval this week hold tight.
L2 could verify that anyone? Check this out on the BFHJ website!
Ticker Symbol: BFHJ
Delayed Quotes: http://finance.yahoo.com/q?s=BFHJ.PK
Share Structure:
Authorized Shares: 129,000,000 (to be 903,000,000 post-dividend)
Restricted Shares: 89,587,907 (to be 627,115,349 post-dividend)
Maximum free trading: 39,412,093 (to be 275,884,651 post-dividend
bit of a selloff this morn.
Check this out about naked short selling!!!!!!!!!!!!!This could be HUGE for us!
Bederra Corporation Re-Emerges On Newly Implemented Uptick Light Rule
TORONTO, ONTARIO, Feb 26, 2010 (Marketwire via COMTEX) -- Bederra Corporation (PINK SHEETS:BEDA)
TheMarketFinancial.com, the news portal which covers the latest Wall Street developments while delivering financial and investment intelligence to a community of highly informed investors, has issued a special independent research coverage on Bederra Corporation (PINK SHEETS:BEDA).
After being the subject of naked short selling by individual investors, institutions and market makers the last couple of months, Boderra Corporation looks to re-surface from current levels, as technical chart analysts place the stock on major focus for the next couple of days. On the brink of one of the most significant decisions the financial industry has seen in well over a decade, the newly implemented "uptick light" brings many newly founded opportunities to the investment community. "The days of naked short sellers borrowing shares from each other in order to pocket handsome profits by artificially decreasing prices are now becoming a thing of the past." noted Michael Vlaicu, President and CEO of MIV Investments Inc.
Extensive research was conducted, thus MIV Investments Inc. has initiated a strong Buy Rating with a short-term price target of $0.0026 for the company's stock, paired with the highest level of confidence. "Strategic location, profitable growth, high-growth market, and diversifying revenue streams all play key roles in making this one of the best plays of 2010." added Michael Vlaicu. "The company has been heavily shorted the last couple of months, making it very susceptible to a short squeeze once the buying pressure initiates."
gm all, i think this is are week!
They do own 2 physical gaming properties already. been in ihub jail. I just wanted to let everyone know that.
bfhj last few days to get in for the dividend share split 7-1
BFHJ HUGE PLAY DIVY SPLIT >...(FLOAT 39 million shares )definately potential for 10 bagger!!!!!!!!!!!
heres the release
Beneficial Holdings Inc. Announces Tentative Dividend Ex-Date and Addresses Verified Short Selling Problem
Monday 02/22/2010 12:05 AM ET - Marketwire
Related Companies
Symbol Last %Chg
BFHJ 0.026 30.00%
As of 10:31 AM ET 2/22/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.
The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010. However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date probably will not be delayed. The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.
In addition, the Company received information that a large portion of the daily sales of its common stock is due to short sellers and not retail investors trying to sell their shares. This short selling action is precisely why the Company needed to issue a dividend to make our common stock more liquid. Our shareholders cannot benefit from liquidity when short sellers are manipulating the price of the securities by creating a wall.
The following information was received from FINRA's published reports.
February 19, 2010: 220600 short shares of 306612 volume (72%). February 18, 2010: 157000 short shares of 619360 volume (25%). February 17, 2010: 660383 short shares of 1419469 volume (47%). February 16, 2010: 255864 short shares of 324864 volume (79%). February 12, 2010: 6000 short shares of 34500 volume (17%). February 11, 2010: 75000 short shares of 213000 volume (35%). February 10, 2010: 135000 short shares of 170700 volume (79%). February 09, 2010: 729786 short shares of 853186 volume (86%). February 08, 2010: 105000 short shares of 132895 volume (79%). February 04, 2010: 125000 short shares of 155400 volume (80%).
The Company believes that these short sell orders are stealing value and liquidity from our shareholders. "The Company will do whatever it takes to eliminate these trades and to make the sellers of these short positions cover their trades. It is clear from the percentages of volume that these short sellers could not logically be covering their sell orders," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
BFHJ HUGE PLAY DIVY SPLIT >...(FLOAT 39 million shares )definately potential for 10 bagger!!!!!!!!!!!
heres the release
Beneficial Holdings Inc. Announces Tentative Dividend Ex-Date and Addresses Verified Short Selling Problem
Monday 02/22/2010 12:05 AM ET - Marketwire
Related Companies
Symbol Last %Chg
BFHJ 0.026 30.00%
As of 10:31 AM ET 2/22/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.
The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010. However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date probably will not be delayed. The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.
In addition, the Company received information that a large portion of the daily sales of its common stock is due to short sellers and not retail investors trying to sell their shares. This short selling action is precisely why the Company needed to issue a dividend to make our common stock more liquid. Our shareholders cannot benefit from liquidity when short sellers are manipulating the price of the securities by creating a wall.
The following information was received from FINRA's published reports.
February 19, 2010: 220600 short shares of 306612 volume (72%). February 18, 2010: 157000 short shares of 619360 volume (25%). February 17, 2010: 660383 short shares of 1419469 volume (47%). February 16, 2010: 255864 short shares of 324864 volume (79%). February 12, 2010: 6000 short shares of 34500 volume (17%). February 11, 2010: 75000 short shares of 213000 volume (35%). February 10, 2010: 135000 short shares of 170700 volume (79%). February 09, 2010: 729786 short shares of 853186 volume (86%). February 08, 2010: 105000 short shares of 132895 volume (79%). February 04, 2010: 125000 short shares of 155400 volume (80%).
The Company believes that these short sell orders are stealing value and liquidity from our shareholders. "The Company will do whatever it takes to eliminate these trades and to make the sellers of these short positions cover their trades. It is clear from the percentages of volume that these short sellers could not logically be covering their sell orders," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
EOD @.028
best chart ive seen in awhile!!!!!!!!!
HUGE FOLLOWING ON IHUB >>BFHJ HUGE PLAY DIVY SPLIT >...(FLOAT 39 million shares )definately potential for 10 bagger!!!!!!!!!!!
heres the release
Beneficial Holdings Inc. Announces Tentative Dividend Ex-Date and Addresses Verified Short Selling Problem
Monday 02/22/2010 12:05 AM ET - Marketwire
Related Companies
Symbol Last %Chg
BFHJ 0.026 30.00%
As of 10:31 AM ET 2/22/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.
The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010. However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date probably will not be delayed. The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.
In addition, the Company received information that a large portion of the daily sales of its common stock is due to short sellers and not retail investors trying to sell their shares. This short selling action is precisely why the Company needed to issue a dividend to make our common stock more liquid. Our shareholders cannot benefit from liquidity when short sellers are manipulating the price of the securities by creating a wall.
The following information was received from FINRA's published reports.
February 19, 2010: 220600 short shares of 306612 volume (72%). February 18, 2010: 157000 short shares of 619360 volume (25%). February 17, 2010: 660383 short shares of 1419469 volume (47%). February 16, 2010: 255864 short shares of 324864 volume (79%). February 12, 2010: 6000 short shares of 34500 volume (17%). February 11, 2010: 75000 short shares of 213000 volume (35%). February 10, 2010: 135000 short shares of 170700 volume (79%). February 09, 2010: 729786 short shares of 853186 volume (86%). February 08, 2010: 105000 short shares of 132895 volume (79%). February 04, 2010: 125000 short shares of 155400 volume (80%).
The Company believes that these short sell orders are stealing value and liquidity from our shareholders. "The Company will do whatever it takes to eliminate these trades and to make the sellers of these short positions cover their trades. It is clear from the percentages of volume that these short sellers could not logically be covering their sell orders," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
BFHJ HUGE PLAY DIVY SPLIT >...(FLOAT 39 million shares )definately potential for 10 bagger!!!!!!!!!!!
heres the release
Beneficial Holdings Inc. Announces Tentative Dividend Ex-Date and Addresses Verified Short Selling Problem
Monday 02/22/2010 12:05 AM ET - Marketwire
Related Companies
Symbol Last %Chg
BFHJ 0.026 30.00%
As of 10:31 AM ET 2/22/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.
The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010. However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date probably will not be delayed. The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.
In addition, the Company received information that a large portion of the daily sales of its common stock is due to short sellers and not retail investors trying to sell their shares. This short selling action is precisely why the Company needed to issue a dividend to make our common stock more liquid. Our shareholders cannot benefit from liquidity when short sellers are manipulating the price of the securities by creating a wall.
The following information was received from FINRA's published reports.
February 19, 2010: 220600 short shares of 306612 volume (72%). February 18, 2010: 157000 short shares of 619360 volume (25%). February 17, 2010: 660383 short shares of 1419469 volume (47%). February 16, 2010: 255864 short shares of 324864 volume (79%). February 12, 2010: 6000 short shares of 34500 volume (17%). February 11, 2010: 75000 short shares of 213000 volume (35%). February 10, 2010: 135000 short shares of 170700 volume (79%). February 09, 2010: 729786 short shares of 853186 volume (86%). February 08, 2010: 105000 short shares of 132895 volume (79%). February 04, 2010: 125000 short shares of 155400 volume (80%).
The Company believes that these short sell orders are stealing value and liquidity from our shareholders. "The Company will do whatever it takes to eliminate these trades and to make the sellers of these short positions cover their trades. It is clear from the percentages of volume that these short sellers could not logically be covering their sell orders," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
BFHJ HUGE PLAY 6-1 dividend share split, LOW FLOAT , company issued press release on shares being shorted definately potential for 10 bagger!!!!!!!!!!!
heres the release
Beneficial Holdings Inc. Announces Tentative Dividend Ex-Date and Addresses Verified Short Selling Problem
Monday 02/22/2010 12:05 AM ET - Marketwire
Related Companies
Symbol Last %Chg
BFHJ 0.026 30.00%
As of 10:31 AM ET 2/22/10
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.
The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010. However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date probably will not be delayed. The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.
In addition, the Company received information that a large portion of the daily sales of its common stock is due to short sellers and not retail investors trying to sell their shares. This short selling action is precisely why the Company needed to issue a dividend to make our common stock more liquid. Our shareholders cannot benefit from liquidity when short sellers are manipulating the price of the securities by creating a wall.
The following information was received from FINRA's published reports.
February 19, 2010: 220600 short shares of 306612 volume (72%). February 18, 2010: 157000 short shares of 619360 volume (25%). February 17, 2010: 660383 short shares of 1419469 volume (47%). February 16, 2010: 255864 short shares of 324864 volume (79%). February 12, 2010: 6000 short shares of 34500 volume (17%). February 11, 2010: 75000 short shares of 213000 volume (35%). February 10, 2010: 135000 short shares of 170700 volume (79%). February 09, 2010: 729786 short shares of 853186 volume (86%). February 08, 2010: 105000 short shares of 132895 volume (79%). February 04, 2010: 125000 short shares of 155400 volume (80%).
The Company believes that these short sell orders are stealing value and liquidity from our shareholders. "The Company will do whatever it takes to eliminate these trades and to make the sellers of these short positions cover their trades. It is clear from the percentages of volume that these short sellers could not logically be covering their sell orders," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
ABOUT BENEFICIAL HOLDINGS INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
This 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 today and the company undertakes no obligation to update any statement to reflect future occurrences.
Media Relations
Yes good job guys & gals, this is going to be a huge gainer low float. hold your shares and enter a sell order with a huge ask , so mm's arent playing w/those shares. GLTA
have a good weekend DG.
It will happen guys , ive never been in a divy or split that didnt. I ve made money on 5 out of 5, hang tight. $$$$$$$$$$$$$$$$
goodmorning all, lets get some divy $$$$$$$$$
hey dg, whats goin on?
just picked up 19k more @2 ,i now have 90k
lats get a share count on the board going everybody hold for the divy!!!!!!!
Good job!!! we should see pr very soon!!! this is a defenite catylist for PPS its an actual dividend not a split.
there is news out , check news on pinksheets.com