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Kimi, I am with you on that assumption. To me it looked like Cris was ready to go. He got the website up and running, sent out a pr stating that we should all be patient, sent out an applebees pr, and finally started answering questions on the forum and gave us a Dec 31 deadline. To me it looked like he had everything set up to release news this week. Then all of a sudden it seemed like he put on the brakes. He stopped answering questions on the forum, specifically about the share structure. I think it was his intention to get this thing wrapped up but that there was a hold up. That hold up in my opinion was getting all the t's crossed and the i's dotted. Why submit yourself to such ridicule for nothing. He didnt have to answer any questions on that forum. For goodness sake he didnt even have to get the site up and running. I don't know about anyone else, but I was content with the idea that we were gonna get news when we go it. He put himself up to this ridicule because he knew he had a hammer to drop. It wouldnt surprise me if he released news in a few minutes, hours, or days. Now its to the point where he gonna release the news to get the longs off his back.
Q:Has BIHC accessed any portion of its credit line from Valley National Bank ? If so when and how much ?
A:Dear Labrian,
Valley National Bank is Baron's exclusive provider of financing for its clients, the company does not maintain a line of credit with them.
Regards,
Cris Galo
Q:Is the pending sale still for 100% of Baron ? If not what percent is it now ?
A:That is correct at this current time.
Regards,
Cris Galo
Q:Hi Mr. Galo
Will the deal close in 2008, when do you think the contract will be signed, and will the dividend be paid out before December 31, 2008. Thanks and reply back
A:Dear Ram,
That is the company's intent.
Regards,
Cris Galo
Dear Jeff,
There are several factors to be considered when the sale is completed: taxes, total net gain etc. this will be determined by the company and its accountants.
Regards,
Cris Galo
Previous poster pointed out that Cris was responding on the site. Seems like he answered quite a few questions. Most notably left unanswered was the share structure under the "share structure" category but I think he at least tried to address it in a question that was asked on the shareholder forum. Here are to the answers that intrigued me:
Dear Bob,
Remember Baron is a 26 year old profitable operating company and if the company can not receive the best terms and price then that would an example of not making sense, we do not believe this to be the case.
This is not a "pump and dump" company our authorized shares have been 180 Million since I took over and it remains the same today.
Our interest is for all concerned regarding this deal: shareholders and the company.
Regards,
Cris Galo
Dear Tom,
I appreciate your concerns regarding the time frame in getting this deal closed, I can assure you that the company is doing everything it can to close this deal as fast as we can during extraordinary economic times.
I can also assure you that the company is not "Perhaps this forum was created to merely distract the children and keep them playing in the sandbox a bit longer until it rains" we do not do business in that fashion.
I apologize for not answering your question within 48 hours as I am traveling for business.
Regards,
Cris Galo
Okay, but something tells me that if Cris came out today and said, "this is the share count, this is what we sold Barons for, this is what the divy will be, and this is when the divy will be paid out" you would still try to poke holes in each statement. As far as the share count goes, we still have Sunday. If the share count came out Monday, I am pretty sure you wouldnt have any complaining about Cris being a day late either.
Would you be open at all to the idea that maybe he plans on releasing that the share structure numbers with the divy news. Would the idea be to wild to comprehend? Now, I'll go with your idea that Galo is lying about the share structure. Is it possible that since he knows that numbers are a little bigger then he first thought, that maybe, just maybe he is waiting for the divy news to release those numbers. No reason to release share numbers that are bigger without a divy news. Why not wait until the deal is done to release those numbers. In either senario the share structure number wont matter when he releases the deal news.
Thermo, its hard to listen to anything you say because since day 1 you have had nothing but negative things to say. You are not open to the idea that this can be and more then likely is a legit company with great potential. Its my opinion that the reason we have not recieved a share count to this point is because Cris planned on releasing that news with the deal news. Its my opinion that for whatever reason the last i was not dotted when Cris thought it was going to be and therefore Cris is a little late getting back to us with that info. Or it could be that cris is trying to burn the shorts into the ground and letting them get comfortable again. And just when the shorts let down there quards again, bam here comes the divy news and we know what happens then.
Carp, I am with you 100 percent on that. But its Cris' own actions that have led to these questions. This isnt one of those instances where a basher comes on this site with baseless accusations. This time Cris told us what he was gonna do and didnt follow through. Now I am one of those people that took Cris' quote to mean that he would release the share count before the week was up. Meaning Sat and Sun so I'll be looking for something today and tomorrow. If nothing happens then you haveto question Cris a little. At the end of the day, your right all this small talk about nothing, really doesnt matter when the deal is announced. But it sets Cris up for this type of banter that he brought it upon himself. It makes you wonder if he lied about this, then what else. I for one, am behind BIHC 100 percent, I just wish Cris would do what he says so we can talk about what were all gonna do with our money and where the BIHC weekend getaway is going to be held.
Carp,
Sorry to jump into the middle of your response to another poster. In my opinion, when it comes to the share structure, aren't there really only 2 reasons why the share structure hasnt been posted. Its either that the share count is greater then Cris thought it was, or was leading us to believe it was, or reason number 2 being that Cris wants to release the news of the deal and share structure at the same time. If its reason number two, then either Cris is still planning to release it sometime this weekend, or there was another snag in the deal preventing Cris from releasing the news and in return making Cris look like he missed his promised deadline for the share structure numbers release.
I have been on the bid at 18 for 10 minutes. They never showed my bid until now. I was lookin for 30k and after 10 minutes I got a fill of 5k. I guess the shares are tight.
rdailey, let me say that I enjoyed reading your posts on the yahoo board. Your posts are smart and insightful and welcomed especially when that board can get a little crazy at times. I find it funny that there are people out there that question the validity of BIHC. If a basher wants to say that the deal wont happen, then fine. But to have people attack Bihc based on then company being a scam is pretty funny. I have a hard time believing that Pepsi, Applebees, the Mets, etc, would have anything to do with the company if there was even a hint of shady business going on. In todays world, where every news outlet is looking for the next "gotcha" moment, why would any legit, huge company put themselves out there with a company that is precieved to be a scam. Makes no sense to me, but I guess time will tell. I for one, look forward to this company releasing the mother of all press releases because not only will I have a few more bucks in my pocket, but I bet that you wont find one post by any basher for a long time, if ever.
I havent been here as long as a lot of you guys but its been awhile. I think I bought my first shares back in June-July. At this point there is not reason for me to sell until we hear something one way or another. I wont even try to flip for the fear that the day I decide to flip, is the day the news hits and im caught chasing. So patience is something that I have and will continue to use until the day. I have money that is going to hits its 3 day waiting period tomorrow and I will add but my feeling's wont be hurt if news was to somehow happen tomorrow morning , premarket and I missed out on the cheap shares. I just want something, anything regarding this deal to come out. I, like many others, think that Cris is going to release news to get the biggest bang for our buck. Whether he releases the float numbers and divy news on the same day, or he splits up those pr's, either way this run is gonna be fun and wild. Rabbi, would it be possible that Cris could release a pr that had the divy news, but also contained something saying that they were in the working on buyout of another company that was based on the Barron deal doing through. Would future deal that was based on another deal happening or not, be material. Cris strikes me as someone that wants to make a big splash right away. He seems like someone that doesnt want to sit around, but rather someone who wants to keep the momo.
Rabbi, I was wondering what you and others might do on the day the deal goes through and the divy is announced. If this thing turns into what we are thinking, then are you going to be buying on the day the news is released. If this thing blows up and in 5 secs the bid and ask are slighty above the divy, then even that would be a cheap price to get in. Or are you going to let your shares ride out, maybe sell enough to get your cost back, and then jump back in later on the swings. TIA
Johnny
I agree with you Mattchew 100 percent. I hope my last post didnt come off as some type of bash, because it was the furthest thing from that. I am behind this company 100 percent, no if's, and's, or buts about it. What I am saying is, that there are things that Cris could release right now if he wanted to. He could have a press release today that said, "this is what the current share count is, this is how much our applebee's contract is worth, this is a deal we are working on right now" etc. But he doesnt, not because he doesnt know, but because he is a smart business man. He could release that news tomorrow morning and we would get a 100 percent bump in price. Or he could hold on to this info and build the anticipation and release 1 thing at a time. In that senario you get a healthy bump in share price after each bit of news, instead of blowing your load on one big presser. I think most would agree that ever since the shareholder forum went up and Cris started posting that there has been a buzz about this company again. Doesn't anyone else think that was done on purpose. It makes the current shareholders start thinking that something is up, that some news is going to be released. Then guys like me start seeing some activity and add a few more shares because of the anticipation. I get the impression that Cris wants us to do very well financially and make sure that the shorts go down in a heap. Just my opinion, but Cris is doing all this for a reason. Whats the reason? I think we are going to find out soon.
Thats what i'm thinking. I really believe that Galo has a plan when it comes to releasing whatever news we are going to get. We as shareholders put the pressure on him when it comes to asking him about the sharecount, acquistions, etc, and they are valid questions, but it makes Galo look like a liar when he doesnt answer questions that we have for him. But I think the reason he doesnt tell us everything we want to hear, when we want to hear it, is because he wants to release news one thing at a time in order to get the most out of the share price. We all haveto remember, that Cris and his buddies are all shareholders as well, so whats good for them, is good for us. At the end of the day, whatever is going to happen is going to happen, but I feel pretty good about this company and I will continue to accumulate at these incredible levels.
I think the share question gets answered first. That will give us a pretty nice spike in share price. Then a few days will go buy and Cris will release the news about Baron being sold and that we will get a divy. At that point we will know the day that you have to be a shareholder in order to get a divy. That obviously will get us a huge share price. Once the divy is released, Cris will release another press release saying that they are looking to pursue another company in order to uplist since they now are a cash rich shell company.
I really think Cris wants to release these things in stages in order to get the most bang for the buck instead of relasing eveything at once. Why get a 10,000% return from .018 when you can get a 1000 here, 10000 there, 5000 there, etc. Of course this is all in my opinion, but I really think he is going for something like what I am saying. By the way, you guys might want to go to the yahoo board and read a post by someone called gettinformed, (I think thats the name). I guess she called the last press release but also did some work for a bank that dealt with BIHC. She isnt saying she knows anything more then any of us, but she says that her work with the bank proves that at least bihc is not a scam. Interesting Read.
Good point Slaz.
I'll admit it, I think im reading way to much into the word but I find it funny what some of the definition's for conveyance turn out to be. Just maybeeeeeeeeee, Cris figured that we would all assume that he meant convienence when he wrote conveyance, but at the end of the day, he was sending us a clue. Look at the definition at the bottom of this post. Its kind of suspicious. Okay, enough with the conspiracy theories for me, im going to bed.
Cris Galo's quote today:
"You are both correct and the mail box is a matter of conveyance for me, as I spend a lot of time in Florida because of other business interests besides BIH Corporation"
Regards,
Cris Galo
Conveyance definition:
noun 1. the act of conveying; transmission; communication.
2. a means of transporting, esp. a vehicle, as a bus, airplane, or automobile.
3. Law. a. the transfer of property from one person to another.
b. the instrument or document by which this is effected.
Turbo,
Okay, but what if bih still paid out a divi. Since Cris has a bunch of shares himself, would he still pay himself a divi? I really believe the deal will happen. I added what I could today. For me, that was another 20k. I guess, im just trying to see if there is a postive, if the deal doesnt happen but a divi gets paid.
?'s for some of the longs.
I know some of you are fans of the doc and some could care less what he has to say, but I think he raised an interesting point today that I would like to get some opinions on. He brought up the idea of bihc holding on to Barrons and not selling out. He also brought up the idea of bih still paying out a divi this year with the money that bih is getting from the contracts that are signed now or that are currently being worked on. I guess my question is, if bih came out tomorrow and said the the deal that we are waiting for will not happen but instead they will hold onto the company but also pay out a divi, what do you think would happen to the share price. Would shareholders think that they were lied to about the buyout and sell and in return the share price drops or could the share price actually go higher in that senario then in the selling out senario. If there are any opinions on this, I would love to hear them because im not sure that this was brought up on this site.
Anyone out there getting the impression that Cris is going to be dropping news a lot in the next month in order to build the share price before he drops the bomb with the buyout and divi news. I think he cares about the shareholders. Obviously as a shareholder himself, he cares about his pocket. I think he is going to build the shareprice quickly before the news because he would rather have a 1000-20000 percent return from 3,4,5,6 cents rather then from 1, 2, cents. Im sure im not the only one that gets the volcano eruption picture running through the head. This thing just seems like its ready to explode.
Who in their right mind would sell 50k in the premarket for .017 with this kind of news. Looks like we have a 50k buy at 2 and a 50k sell at .017. The good news is that the bid is at .019 with an ask of .02
BIHC NEWSSSSSS.
Baron International Signs Multi-Outlet Renovation Deal With Applebee's
Nov 13, 2008 9:06:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesFT. MYERS, FL -- (MARKET WIRE) -- 11/13/08 -- Baron International, Inc, a wholly owned subsidiary of BIH Corporation (PINKSHEETS: BIHC) announced today that they have signed a multi-million dollar renovation deal to supply and provide labor and materials for 20 Applebee's outlets in the tri-state (NY, NJ and CT) area.
Baron per agreement will be the sub-contractor on this job to the general contractor, and will provide all labor and materials pertaining to refrigeration, soda systems and beer systems.
"The company continues to receive and appreciate lucrative contracts with major hospitality corporations and expects next year to be one of its best years ever regarding pending proposals," said Mr. Cris Galo President & CEO of BIH Corporation.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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 forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
BIH Corporation
Investor Relations
Tel: 1-866-532-5908
newwwwwwwwws.
Baron International Signs Multi-Outlet Renovation Deal With Applebee's
Nov 13, 2008 9:06:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesFT. MYERS, FL -- (MARKET WIRE) -- 11/13/08 -- Baron International, Inc, a wholly owned subsidiary of BIH Corporation (PINKSHEETS: BIHC) announced today that they have signed a multi-million dollar renovation deal to supply and provide labor and materials for 20 Applebee's outlets in the tri-state (NY, NJ and CT) area.
Baron per agreement will be the sub-contractor on this job to the general contractor, and will provide all labor and materials pertaining to refrigeration, soda systems and beer systems.
"The company continues to receive and appreciate lucrative contracts with major hospitality corporations and expects next year to be one of its best years ever regarding pending proposals," said Mr. Cris Galo President & CEO of BIH Corporation.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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 forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
BIH Corporation
Investor Relations
Tel: 1-866-532-5908
.........
Sorry about the delay Rabbi, I was grabbin some breakfast. I got the news through my alphatrade l2 service. It popped up under the news section for penny stocks.
Newsssss
BIH Corporation Responds to Shareholders' Inquiries
Nov 11, 2008 9:04:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesFT. MYERS, FL -- (MARKET WIRE) -- 11/11/08 -- BIH Corporation (PINKSHEETS: BIHC) today will address shareholder inquiries.
BIH Corporation continues renegotiations of its contract for the sale of its Baron International subsidiary; the negotiations pertain to an adjustment in the acquisition price due to Baron's addition of several lucrative new major accounts and increased revenue.
BIH Corporation's management has exercised its rights from the prospective buyer for an increase in the sales price (per clauses in the contract that state any major monetary changes up or down that either party may then initiate renegotiations) due to several lucrative new contracts being added between the time the contract was originally executed and now. Now that BIH Corporation has exercised that right, we realize that these are some very trying economic times but management is not willing to accept anything other then fair market value for Baron International.
With that being said BIH Corporation believes that an agreeable price can be reached and agreed to by both parties by the deadline for this transaction of December 31st of this year.
"The company realizes the shareholders' frustrations over the lengthy quiet period during these negotiations, however it has been reported to me by Mr. Ingala President of Baron, that his staff is being inundated with phone calls from shareholders and it is consuming his staff's time and interrupting their ability to perform their daily duties and conduct business. I would respectfully request that any shareholder with questions or concerns contact myself or my assistant via our phone number 1-866-532-5908, e-mail: info@bihcorporation.com or our new shareholder forum: http://bihcorporation.com/12701.html and I can assure you that your questions (if legally possible) will be addressed within a 48 hour period. I thank you for your consideration and look forward to a prosperous outcome for both the company and its shareholders," said Mr. Cris Galo, President & CEO BIH Corporation.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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 forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
BIH Corporation
Investor Relations
Tel: 1-866-532-5908
I am sure that i'm not telling anyone anything they already don't know, but just in case, I came across some things that peaked my interest. The whole idea of the address on the bihc site being a fake, or whatever, made me do a search of my own in regards to an address for bihc corporation. The address that I came up was:
13401 Summerlin RoadSuite 13
Fort Myers Fl United States
I find it interesting thats its on the same road as the address on the bihc website.
The other thing I found was a list of BIHC's pending deal and news. The thing that peaked my interest was the Thomson M&A report that is titled Undisclosed Acquiror aquires Baron International from BIH Corp (Pending)
I think I remember the Thomson report being brough up before. Like I said im sure its not ground breaking but if its new to anyone, then see what you can get out of any of this, if its not new, then I tried to contribute.
Heres the link to the site.
http://www.alacrastore.com/company-snapshot/BIH_Corporation-2550739
I checked out the site today as well and I haveto say that they are making some nice adjustments. It seems like its a daily thing now. I am also getting the warm and fuzzy feeling. First Cris starts replying on the shareholder forum on the site and drops the news that he going to tell us about the share count on Monday. He also made it a point to let us know that he wanted to have the site looking professional by the weekend. Either he has a lot of extra time on his hands now, or he is dotting the i's and crossing the t's before we get some kind of news.
Slazenger, I have to totally agree with your opinion on Cris having lots of extra time because the deal is just about done. I dont post to often but I check out the site everyday and was intrigued by a few people saying that Cris was posting on the bihc site. I checked it out yesterday only to find that a poster was saying they were apart of management and that something was happening soon, only to find out it was a lie. Then today people were saying that Cris was posting. I dont know if its really him or not, but it seems legit. If it really is him posting then I haveto say that this post gave me lots of hope and motivation to buy more tomorrow.
Dear Ram,
I would like to answer that question for you but, as you know I am bound by certain securities law and can not. All I can say is that the deal is still ongoing and "we the company" expect positive results.
Regards,
Cris Galo
I hate to be captain obvious, but I dont know how else to interpret that post but to say that the deal has to be done. I dont know what else he could say without just coming out and saying the deal is done.
Hey Matt, can i get a free 2wk sub of the level 2 program that ihub offers.
Hey Matt, I got your pm about the l2 service that ihub is offering. I currently use alphatrade but I would definetly be interested in ihubs l2 for the simple fact that its pretty close to half the price of my alphatrade l2. Any chance of hooking me up with a free trial to see if I like it. Thanks in advance.
valley, you have dropped a few posts already that seem to point to something good happening. Care to share.
Question about selling. Right now I am a shareholder. I use tda. If somehow tda was to let me sell my shares on the market, what would be the worst thing that could happen. If they say that the certs havent converted over, couldnt I just play dumb.
I would like to see these posts. If they help me make a better decision in regards to bihc, then I cant see what the problem would be. If you want to pm with them, go ahead. The worst I could do is read and disregard what comes out of them. The best I could do, is read them and become enlightened.
Lurker, I haveto admit that I thought you were a basher this whole time, and really didnt want to listen to you in the past. I must admit that you were probably right this whole time. Now, to address your last post to me, assuming that you are correct again, that this is a ploy for them to sell more, do you see a time in the next few days that this thing raises to a point where some of us could get out with some money or is there a shot that this thing starts to sink even lower. How do you see the next few days working out. Assuming that you are correct and this is a headfake, I would imagine that they need some prs to keep people in. Do you see those pr's coming out.
Breharb, does the mean that only buys can go through for the next few days. Is it conceivable to say that this could really go through the roof for the next few days until we are able to sell, which at that point the price would plummet as everyone sells. If that is the case, then wouldnt the only thing that could save that process from happening would be a great pr about the rm being done.
Right, what im trying to say is if my cost average was .006 over the course of the last few months, then my cost would be 6000 gs for these shares. If it opens up tomorrow at .056 after the split then its worth 1400 dollars.
I am shocked, Im sorry. I have followed this company for awhile now and everything looked good. Then they drop a rs, and then dont even announce it. Someone had to find it through the pink sheets website. Why not keep us updated. I guess at the end of the day, assuming that they did this for the rm purpose, will my shares in a rs ratio, be worth more then they currently are.
I have now read the news release from last week a few times and I have a hard time understanding how this will be good for us current shareholders. How can a rs be good for us. If I have a million shares divided by 40 is only 25,000 shares. Lets say that I paid an average of .006 for those million shares, it equals 6000 bucks. If this thing opens up tomorrow at .056 my shares will be worth 1400. Someone please explain to me how this is good for me as a shareholder. Someone explain to me please how this can turn out good, to where my shares will be worth something.
BIRMINGHAM, Mich.--(BUSINESS WIRE)--CruiseCam International, Inc. (Pink Sheets:CCMJ - News) is pleased to announce that the final negotiations that have been taking place for several months is finally nearing a close. Details of the final resolution will be announced very shortly. “I believe the shareholders will be extremely happy with the direction that the company is headed and look forward to this exciting new chapter in the company’s development,” said Scott Watkins, CEO of CruiseCam International Inc.
Soldier, Mason, Alex, whats your take on all this.
Wow, Wow, Wow, is all I can say. I really cant believe we are doing a rs. I bought shares at different prices the last few months to average out at .006. I really hope I can get my money back out of this. I really thought this was a good investment. I realize that it is a penny stock, but it all looked so legit. At this point I really dont know what to expect. I hope there is some type of news blitz with real hard news and not more fluff. If what I am reading is correct, we wont be able to trade for at least 3 days. Can you add anymore insight into what we can expect in the next few days. Can you give me a best case senario. I can figure the worst case. Is there an actual way of getting out of this alive.
Hey Soldier, still Fri Nite here in the good ol CA. Just got in from a bday party and had a chance to check out some of todays posts and the related news. Whats your take. Are you still confident in this company and the rm taking place. Does the news today give ccmj another month to put something together before releasing another presser. Kinda like keeping the lions (investors) at bay for awhile.
I got the exact same message. Good Morning all.