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Wow just went even, cant believe that especially after today's news
BFHJ NEWS!!
MASAYA, NICARAGUA--(Marketwire - 10/21/10) - Beneficial Holdings, Inc. (Pinksheets:BFHJ - News), announced that, through its subsidiaries in Nicaragua, it has agreed to purchase a second location for gaming in Masaya, Nicaragua. The location is on a main commercial street and will contain a slot parlor with approximately 25 gaming machines. The building will be purchased free and clear without any mortgage. The transaction is expected to close within fourteen business days as all details have been agreed upon.
"The business district in Masaya, Nicaragua, is rapidly expanding with tourism as the city is becoming a hot spot for visitors. We feel that having multiple locations in the city will be lucrative in the coming years," said Carolina Navarro, President of Beneficial Holdings, Inc.
The Company's subsidiaries will manage the slot parlor and will distribute gaming disks for its bet.cr casino from the location. Management believes the operation will be fully functional within sixty (60) days. It will carry the bet.cr by Beneficial name.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is a casino investment holding company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a restaurant, bar, and casino also in Managua, and a slot parlor in Masaya, Nicaragua. The Company has agreements in place to build another hotel in El Crucero, Nicaragua, and is negotiating several Central American gaming projects.
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 statements to reflect future occurrences.
Down .73 on 822 shares WOW great stock!!!
Took the picture, how do I upload it to the board?
I will try
The one I got was for the casino
CD BEING MAILED OUT!!! GOT MINE YESTERDAY!!
There is a lot of market manipulation today!!
There is a lot of market manipulation today!!
Shares just showed up in my account today.
Check out this news!!!
Falken Industries Ltd (OTCBB: FLKI) Confirms Receipt of Letter of Intent to Pursue Its Potential Acquisition at $ 1.50 Per Share
Date : 10/19/2010 @ 4:00PM
Source : MarketWire
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Falken Industries Ltd (OTCBB: FLKI) Confirms Receipt of Letter of Intent to Pursue Its Potential Acquisition at $ 1.50 Per Share
Falken Industries Ltd (OTCBB: FLKI), a leading global manufacturer whose product conceptions are best known under the brand Clean Plus®, today acknowledged receipt of an unsolicited Letter of Intent from Norex International indicating its interest in acquiring a controlling interest in Falken Industries Ltd. at a price of $ 1.50 per share. Norex claims to have reached a formal assessment of FLKI and a final decision on proceeding with the acquisition yesterday. Norex is a major global supplier to the Distribution Network of Falken product conceptions. Norex claims in its missive to anticipate the due diligence process to be completed such that the acquisition would be finalized by the end of 1Q 2011. Falken management by Manuel Garcia, Communications Officer stated that a more thorough statement will be made regarding the complete scope of this unexpected offer. Management was not prepared to opine at this time on whether such a transaction would in its collective opinion be in the long term best interest of shareholders. "While the company is on the acquisition trail, it is not a willing partner to being acquired" added Garcia.
Garcia continued: "We began our journey to access potential diversification efforts two years ago with the announcement that we had created a new strategic planning unit recruiting Director Myron Young, an experienced retired executive in mergers and acquisitions to counsel Falken Management tasked with investigating potential diversification strategies, notably acquisitions of small manufacturers."
While Falken has often been the subject of rumors in the professional press that it was or would be targeted by behemoths owning Clean Plus® competitors, the company has always indicated its unwillingness to accept the consequences of acquisition which it viewed as a certain loss of independence, creativity, risk taking, and flexibility. Acquirers would manifestly enhance their distribution presence, manufacturing and innovative faculties at a price of a fiercely creative and dogmatic independent management.
The economic realities of the day however, coupled to the Falken's continued success, innovative reputation and huge pipeline have highlighted the company's attractiveness to would be acquirers.
"This unsolicited offer to potentially acquire the company marks an unexpected first on this front." said Garcia.
About Norex International (France) Inc.:
Norex is a leading manufacturer of consumer, industrial and professional chemical and wipe products. It is a significant global producer of the Falken Clean Plus® product conceptions. The Company is a privately held concern.
About Falken Industries Ltd:
Falken Industries Ltd (OTCBB: FLKI) is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" made pursuant to the safe harbor provisions of the 1995 Private Securities
Litigation Reform Act. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." Such statements are subject to risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contacts:
Falken Industries Ltd
Manuel Garcia
Communications Officer
+1609 357 0316
mgarciafaure@falkenltd.co
According to this NHPR article it will be toward the end of the year.
http://nhpr.org/200-jobs-north-country-maybe
Though so but it has today date
2nd one
Link http://nhpr.org/200-jobs-north-country-maybe
State officials are continuing their evaluation of the proposed 70 megawatt biomass plant in Berlin.
Laidlaw, the company that wants to build the plant, offers many reasons it would benefit the North Country.
And one of them is the prospect of 200 local jobs in the logging industry to supply the plant with fuel.
NHPR correspondent Chris Jensen has been doing a little searching, and he’s found the prospect of those jobs is far from a promise.
With the collapse of the paper industry, the North Country needs jobs.
That makes the huge biomass plant proposed for Berlin very attractive to some people.
The developer, Laidlaw Berlin Biopower, promises 40 jobs at its plant near downtown.
It also says gathering and delivering wood will create another 200 jobs.
And many North Country officials, including Coos County Commissioners, State Senator John Gallus and Executive Councilor Ray Burton, repeat those claims.
But after hearings conducted by the state’s Site Evaluation Committee in August and September, it’s clear those North Country jobs are not guaranteed.
“I wouldn’t say that there is any certainty that 200 jobs are going to be created in the North Country.”
That’s Allen Brooks. He’s a senior assistant attorney general. His job has been to watch out for the public’s interest.
“Well, I think it very difficult to accurately predict where those jobs are going to be created.”
Company officials have promised they would give preference to north-country suppliers, quote, “to the extent feasible and economically reasonable” endquote.
They’ve also said it would make financial sense to buy wood as close to Berlin as possible.
But there were no guarantees.
At one point Laidlaw vice president Louis Bravakis said “some wood can come as close as 10 to 20 miles from a facility.
Then, he added, some wood could come from “as far as 200 miles from a facility.”
He also acknowledged that Laidlaw feels a nearby rail line could open up other options.
Public Counsel Allen Brooks: “The statement was made in the hearing that it is economically beneficial to get wood from close rather than far because of the transportation costs.”
But there’s a caveat.
“There’s also discussion of possible efficiencies from back-hauling from Massachusetts. If that is the case then you might have a situation where some of the transportation people or the loggers wind up working farther away.”
Back-hauling is basically moving left over wood left over from one project to another.
In fact, the company’s estimate of 200 jobs created did not come from a study done of the North Country.
Laidlaw said it used a study done in Massachusetts.
It estimated the number of jobs created for every megawatt of power.
When asked about that estimate during the hearing Laidlaw CEO Michael Bartoszek, said it was harder to estimate “secondary benefits” such as the forestry jobs.
Bartoszek was not available for this story.
It is those forestry jobs that would provide the best, long-term benefits.
But there would be other jobs created in the short-term and they seem likely to benefit the north country.
In its filings Laidlaw says the $110 million construction project will put about $70 million into the local economy.
Construction would last between 26 and 32 months and it would put hundreds of people to work.
That’s not all.
“There are a lot of ancillary benefits to the city other than direct payroll that will be spent in the town.”
That is Berlin mayor Paul Grenier.
One is a scenic walkway along the Androscoggin River, right near the plant.
“They are going to pick up the cost of doing it and they are also going to pick up the cost of maintaining it for the first five years.”
Berlinalso expects to get some tax money.
“Berlin is going to get anywhere from a million and a million and a half a year in new tax revenue for the city of Berlin, which is desperately needed.”
Grenier admits that is an estimate. The details have yet to be worked out.
The Laidlaw project has been approved by the state’s site evaluation committee.
But the committee has yet to make it official by releasing a final document that would include any conditions.
That filing is expected no later than October 22nd.
It’s not clear whether those conditions might somehow address murky issues like logging jobs.
One condition that the document will address, however, involves the state’s public utilities commission.
The site evaluation committee has made its approval contingent on PUC approving Laidlaw selling its power to Public Service of New Hampshire.
The PUC is expected to hold a hearing towards the end of the year.
Found 2 new articles on LLEG
Link http://tv3dshow.com/fans/90i1940732o/
Laidlaw Energy Group, Inc. (Ticker Symbol: LLEG") announced today that it has completed several key milestones in connection with its Buffalo area renewable energy project. The project involves the conversion of a natural gas fueled cogeneration plant into one that will solely utilize a renewable fuel source - clean wood chips.
The Project has a long-term power purchase agreement with Niagara Mohawk Power Corporation, a National Grid Company, with approximately 16 years remaining. In addition to providing approximately 7 megawatts of electricity to New York homes and businesses, the plant will also generate enough heat and power to operate an on-site hardwood lumber dry kiln operation.
The New York State Energy Research and Development Authority (NYSERDA) has provided LLEG with $1 million in grant funding for the project to help move the project forward as part of New York State's overall strategy to increase the use of clean energy generation as directed by Governor George Pataki.
LLEG has completed the design and engineering for the project, procured the requisite equipment and entered into an agreement that provides for the fixed price construction of the project. LLEG has also submitted an application to the New York State Department of Environmental Conservation to modify the facilitys existing air permit in order to allow it to utilize wood fuel rather than natural gas. LLEG expects the proposed revision of the permit to be issued within the next few weeks. LLEG currently expects the facility to resume commercial operations during the summer of 2006.
During this period of extremely high oil and natural gas prices, LLEG believes that its fuel conversion project can serve as a role model for other projects throughout the region, where renewable fuel sources used for electric generation can be coupled with the thermal needs of manufacturing businesses to result in high rates of efficiency and favorable economics. Such projects have the potential to serve as a driving force behind lower energy costs, reduced dependence on foreign oil and a cleaner environment, as well as the retention and creation of manufacturing jobs. Indeed, in a letter of support for the project to the NYSERDA, Senator Hillary Rodham Clinton referred to this project as: smart for the environment, smart for our natural security, and smart for the local economy."
About Laidlaw Energy Group
Laidlaw Energy Group (LLEG) is a developer of clean energy facilities that produce electricity for sale to local utilities from renewable and other environmentally superior fuel sources. LLEGs mission is to build and manage a profitable portfolio of renewable and clean energy generation facilities through development, acquisition, conversion of existing facilities and through partnering with manufactures that have significant electric and thermal needs. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our website at LaidlawEnergy.com or NYENRG.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Corporate Contact:
Michael B. Bartoszek
Tel. 212-480-9884
Ameritrade shows the ask at .0028
Going to stick with LLEG
So you are saying that there is no RS
Ameritrade told me there was a RS, but they don't have the stock certificates yet
Ameritrade told me on Monday that they were working with the companies attorney to have them sent electronically but still not in my account as of yet
Back even for the day
Just a thought. With the new short law in effect as of today maybe they are selling to cover??
Loosing all of our gains for the week. Shorts having to cover with the new law?
www.pennystockpaycheck.com http://twitter.com/TopBullish listed LLEG on their Friday alert!
YOU HAVE TO BE KIDDING ME. SOMEONE JUST SOLD A BLOCK AT .0028
LLEG #10 on Breakout Board
It is dated today. Look at the bottom
MUST READ!
I think this is the reason for the movement today.
Here is the link
http://printdayly.com/load/in862815046712ca/id21c8e25341412
Laidlaw Energy Group Announces Update Concerning New York Renewable Energy Project
- Laidlaw Energy Group, Inc. (Ticker Symbol: “LLEG”) announced today that it has closed on a significant round of growth financing that will be used to fully fund the development of its Western, New York Biomass Energy Project. The Project involves the conversion of an existing natural gas fired power plant to exclusively use clean wood biomass fuel. In addition to nearly 7 megawatts of gross capacity that will be sold pursuant to a long-term power purchase agreement, the Project will also supply electricity and process heat to a hardwood lumber drying business under common ownership. The New York State Energy Research and Development Authority (NYSERDA) has also provided LLEG with $1 million of grant funding for the Project.
The investors in the financing are comprised of a group of experienced energy developers and investors, with significant generation holdings in Latin America and the Caribbean. In addition to the financing transaction, LLEG has entered into a strategic relationship with the investors, whereby they receive a right of first offer to invest in other biomass energy projects developed by LLEG. Chatsworth Securities of Greenwich, Connecticut has also taken an equity position in the Project and acted as investment banker to LLEG in connection with the financing transaction.
Commenting on the financing, LLEG President and CEO Michael Bartoszek stated: “This is a good deal for both parties. In addition to obtaining the financing we require to complete our Western New York Project, the relationship we have established has laid the groundwork for the financing of other projects that we have under development. The relationship provides these investors with the opportunity to make equity investments in certain projects that we have in pipeline, which in turn will allow them to expand their holdings in the U.S. renewable energy marketplace. Having access to a non-commercial source of significant capital such as this will also allow us to move expeditiously on future opportunities that require financing.”
Separately, LLEG announced today that it has entered into a memorandum of understanding, along with its joint venture partner, EcoPower, LLC, to acquire a 16 megawatt biomass energy facility located in New Hampshire. LLEG and EcoPower are currently engaged in due diligence on the acquisition and expect to make further announcements in the future as the project develops.
About Laidlaw Energy Group
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG’s mission is to build and manage a profitable portfolio of renewable energy facilities through development, acquisition, conversion of existing facilities and through partnering with manufactures that have significant electric and thermal needs. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our website at NYENRG.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Corporate Contact:
Michael B. Bartoszek
President & CEO
Tel. 212-480-9884
www.nyenrg.com
Author Information
Michael Bartoszek
Laidlaw Energy Group, Inc.
October 12th, 2010
Think we can get a rally on the close?
No S**T down 83% on 150 shares and I don't even have mine in my account yet to get rid of!!
Looking good today Volume and price up!!
Where is the volume today?
Is the Casino web site up and running?
For me Bio Energy co. LLEG, BFHJ getting ready to launch an online casino. Made that play already for BFHJ and made a little over 3k, but got back in yesterday waiting on the release and also looking at FLTT
Good pick. Watched it yesterday and tried to but but Ameritrade would not let me buy online. Had to go through a broker. I think it will take off next week. Still holding a large position in LLEG waiting on news.
You to. Sunny and cool today. Too cold for the river, but would be nice
TraderLady, what part of Texas? New Braunfels here.
My pick it BFHJ