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This is not a R/S. If the ticker remained BEHL after exchanging our shares 10-1 then yes it would be. However the new company "BioCentric Global Solutions, Incorporated" is essentially buying out BEHL and they are giving us the same stake in the company that we had before. However the new company only has 1/10 of the shares structure that BEHL does and therefore after the REVERSE MERGER we will have 1/10th the shares but the total value of your shares will remain unchanged.
Great Explanation.
Hope all who are still confused read this post because it really is that simple.
I sure hope so.
It has been pretty entertaining reading all the posts today and hearing everyones take on it though. Just hope all realize this is unbelievable new and Fish will do what best for the shareholders (remember he is one too!).
Can't believe that 'next week' is finally here and we got the news we have all been waiting for!
The board hasn't really shown the kind of reaction that I expected and hope that the PPS shows more excitement over the news than the board has.
From what the PR states it sounds like the new BioCentric Global Solutions company will posses all of the Preferred and Common shares.
Per the PR ...
"BioCentric Global Solutions, Incorporated"
1) Will acquire all of the assets of BioCentric Energy Holdings, Inc. (BEHL) For a combination of Preferred and Common Shares.
It's going to be a huge loss for all of them but I sure hope we can cycle through them quickly.
I'm guessing a lot of it were from GTC triggers of people who bought in this range that are just trying to get out and break even.
Looks like MM's are trying to put a hitch in our giddyup right now.
Their time is running out!!!
Will Behl keep its current share structure after the merger or take on that of the shell they are taking over?
Alright I am in with a small position at the ask. Wish I was able to buy a little more today but have some funds clearing next week and may look to add more then.
Hate to see that MM's are controling this one today but hopefully they let it loose next week with some volume.
How is this setting up so far for next week? Are the charts looking poised for a continued run?
Just cleared some funds and trying to decide where to put it.
TIA!
From the 5/29 PR ...
"Dennis Fisher, CEO and Board Member for BioCentric Energy Holdings, Inc., today announced the first California location for the full size closed loop Algae Pro Photobioreactor. 32952 Valle Rd, San Juan Capistrano CA, 92675 is the new location for BioCentric Energy Corporate Headquarters, and first location for the Algae Pro Photobioreactor. The owners of this property have also signed a term sheet agreement to provide additional funding of 1.2 million dollars to 5 million dollars for expansion of BioCentric Energy Algae, LLC. In the event they are successful in providing funding for BioCentric Energy Algae, LLC they would obtain an equity position in the subsidiary LLC."
It looks like the owners of the property are willing to help BEHL out in purchasing the property. Not sure why they are having trouble in closing a deal for the property if the property owner is an investor/partner in BEHL.
I just did my part and sent Pink Sheets an email.
Too far of a drive from Oregon to pop down there to check it out. Will try calling a little later, but appreciate any info I can get as I am new to this stock as of yesterday.
Looks good so far.
Has anyone on the board actually spoken with the company and/or confirmed an address for their office?
Buy significantly outnumbering sales right now. Lets keep this trend going.
Is STEW still hanging around and is he now on the ask side? I know he was hanging out around .044 for quite a while.
One thing that I would really like an update on and have not heard anything about since it was origonally PR'd is the status of their application for govt. grants. They mentioned that they would be seeking out grants in a PR quite a while back and I think this is something that would help our company out greatly fundementally as well as the PPS.
Thanks for the link!
I am new to this one and hadn't gone back far enough in the posts to see this yet. Looking good here!
Would be nice to see an annotated chart if we have any chartists on the board as I think this thing is shaping up nicely. Might be worthwhile to reach out to ClayTrader to see if he will do a video chart. I don't have PM so I can't do so ... Just a thought for those who do.
This thing will move quickly and easily being a low floater with little volume. Should be good things to come.
It is rather high but I wouldn't put it out of the relm of possibilities. If the charts are enticing enough I think it might be possible.
Just speculation at the moment but I think the big block buys might be technical traders betting on the bounce off of the 200ma. This stock seemed to react pretty well when it hit it in the past, so I don't think its unlikely to see a good bounce here.
Still holding 100% of mine from .0028. I just may be crazy but it's just too hard to let any of them go as I know they are going to be worth a lot more in the near future. I am also holding out for the long - term gains tax as I believe I can spend my money better than the govt.
I think you just may be on to something here. I usually like to see ";)" as opposed to ":)" as a good sign that we will get a pr and that is exactly what we saw in reply to a question of if we would get a pr today.
It's all speculation but I think there is a good chance that we do see one today.
Gotta love all the news!!! Looks like it has even made it out to all the broker site yet either. Hopefully there will be alot of people absorbing the news over the long weekend and rushing to get in on the action Tuesday morning.
As far as kicking ass goes I am a UO alumn and might be able to hook up BEHL with some lessons from LeGarrette Blount on how to give a knock out blow.
Thanks for the info and I will have to give them a try.
As you can tell im not the most technology inclined even though I work for a technology company ... go figure.
Hopefully the slow rise in PPS will be due to MM's selling shares that they actually have and not cause another shorting situation that we saw the last run.
I am unaware of what Comander ... is it the mobile app?
I have both sets of news showing up on TD Apex.
Have their been any recent calls to the TA or SEC reports to confirm the share structure in the iBox?
I just recently found out about this company through a friend who work for them and it sounds a worthwhile company to check out. Just starting to do some more DD on the company though.
I feel your pain haha.
Good to hear that there are some other crazy/smart ones out there.
Still here holding all my origonal shares averaged at .0028. I have maintained pretty strong nerves through this past month but have to admit that I came extremely close to selling off a block of shares today. Just glad Dennis release a PR to walk me off the ledge. I know its not smart investing to stay all in after these types of gains, but its so difficult to sell such potential.
Glad to see the board looking closer to what it did in the 'old days'.
Any one with L2 access care to post an update?
Have any new MM's joined the party with a higher volume day?
Thanks for the clarification Dale!!!
I think we all knew and hoped that the company was better than this.
As I recall, I believe PSC is still handling their PR's?? So it could possibly be their mistake, but that just my speculation at this point.
I have no doubt this was mistakenly released as nobody with even the slightest sense of business knowledge would think its a good idea to re-release old news. Now as for how it reflects that they mistakenly release old news is something different.
I think we can expect some new news to be released today though and hope it has some good info.
Not sure I understand the jump in PPS as soon as the news was released when it clearly was from an old PR. Does someone know something about this that we don't?
I noticed that there wasn't any volume in the last few minutes too.
I would imagine that the after hours T trades at the ask will provide a little gap up at open. Would be awesome to get some news before the market opened tomorrow to help try and sustain any upward movement we might see.
They are pretty good and timely with responding to emails. Might be the best way to get a hold of them if nobody has a phone #.