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Well, you know what they say...
Alls fair in love, war, and pinkeys.
I fell victem to this just like the rest of this crew. I only hope the over optimistic posts I warned about from Carp, Gooddoc and others didnt cost too many any extra funds...
I enjoyed reading the board and even though I didnt post on a daily basis, rest assured I feel that I know a good portion of you very well through this financial "dream"...
I will hold my position only because I cannot afford to sell...I will not be following this any longer though, as it has no potential in my eyes. This is a non-reporting company, so without a buyout they can announce anything in the world they want and nothing will be proven. Without financials, this stock is just as good as dead now. Peace my friends, and I do wish the best for those that took a hit larger than they deserved...
I have called multiple times this morning. No answer and no machine kicks in to leave a message....
Down 18Gs. Looking to buy down in the teens, will wait to see what happens before noon.
My input, I have no input on this shit....
Cant afford to sell, so that pretty much is out of the question
That may be true Kim, but his total and complete absence excluding the deleted posts is the main point here. Not what is legally answerable and what is not, there are plenty of appropriate questions listed on that site...
Wow....
My friend, maybe you should just read the boards from here on out...
Let me sum it up for you:
As far as we know, nothing has been signed yet. Negotiations are just that...
I must say, there sure is large amount of excitement running the boards today in anticipation. I would be lying if I didnt confess that it has gotten my wheels moving once again. But, as always, this is all (frustrated/anxious) stockholder speculation on these boards...
I have been absent these past few weeks, I know my loyal readers are as disappointed with my communication as some are with Galo's. *insert laughter*
My thoughts:
To be fair is to be honest. I am a skeptic of all pinks having been burned and learning from my mistakes. These past few months I have been neutral to this stock despite what others might say(what can I say, I micromanage...the world needs us). I refuse to highlight the positives and ignore the negatives, like so many have done on this board. With that being said, the situation has not changed one bit since the start of this somewhat slow and tedious ride. The only alteration to information at hand is that Galo mentioned this deal needing to be done by this year. What does this give us....well in the grand scheme of things, nothing. He said it pretty much almost has to be done, not that it had to be...
I am long, and will stay that way until I personally deem it is the right time for me to get out, good or bad.
But what I want to reiterate to all those reading, please do not let the hype adjust your own trading strategy! What some people dont understand is that your predictions cause a wave of emotion that obviiously moves the whole board. Use good judgement and be an intelligent skeptic. Please remember, ANYONE posts on these boards.
BTW, I have no idea when the news will come and will not assume considering I have no more information than any of you. What I will say though is that the increase in communication from the company is always a good thing. The update of the website is always a good thing. The announcement of new deals being struck is always a good thing.
My opinion, they sure are setting the table like they are getting ready for something...
Why would there be lawsuits? Deals fall through every day.
He has done nothing contrary to his previous statements. Galo said they were going to keep quite and their keeping quite. If deal falls through, lawsuits will not be realized unless someone was doing something illegal internally. He has no communication obligations to his shareholders being in the pinksheets. You might get angry/frustrated, but it doesnt make a lick of difference. No deal = angry shareholders, that will be the end of the road for us unless they release earnings.
HB
Carp, no offense, but you were the one that so adamantly and confidently advertised the closing date in July...
May I ask what your experience actually is since you throw that around quite a bit?
Article on Mets Citi Field for those who have not seen...
http://nymag.com/daily/food/2008/07/confirmed_danny_meyer_group_in_at_citi_field.html
Also, Here is an article written about Legends...mentions CitiField in there aswell, for those who have not seen...
http://www.nypost.com/seven/10212008/business/hey_hot_dog__goldman_joins_in_with_yanks_134597.htm
This was somewhat entertaining...but I am done with it.
One last thing:
Say the deal falls through, but this company still claims to be making millions and adding to it daily. You will lose your investment/profit so fast it will make your head spin. Why? because people will be pulling their money out quicker than you can gig a frog. But, say they announce the deal fell through but in turn, released financials at the same time. If this company is telling the truth, you should see a spike in PPS. Thus, you will keep/increase your investment and have a solid company to stand behind. Just because it is a pink doesnt mean they wont release financials, and I am surprised to find an investor that doesnt care about them wether this is the pinksheets or not. Either way, I enjoyed the entertainment and I will let you chew on the idea above for awhile. Have a good one
HB
Will you please rephrase the question?
Also, I would advise you to read over my last post again slowly as I think you might have missed the point.
And, you might want to start making your posts more towards BIHC as the mods will and are deleting your messages.
Ignorance...
Why are you invested in this pinksheet stock? is it because they are one of the few pinkys that claim to be pulling in revenue? Not just revenue but millions of dollars of revenue. Dont you want proof of that or are you going to base your decisions on the long standing reputable history of the pinksheets?
Now, you say all you care about is the buyout correct? why would a company pay millions of dollars for something that is not profitable? they wouldnt unless they have a large amount of disposable/refinable/liquid/useable/etc....assets. So, if this company is truly pulling in real revenue, than you should very much care about financial proof of that. Most pinkys dont claim to be profitable, so if one does, I personally would like to see proof.
You are like so many others out there that do not analyze the situation at all. They hear "buyout" and that easy money is on the way. Let me tell you something, 95% of the time something like this happens, the thing never pans out. The only difference with BIHC is that they claim to be profitable, which in turn makes them marketable.
Financials released for this company would be HUGE, especially if the deal falls through. If they are making that much money, they should and will let people know eventually. I care about financials for this company, because it is the backbone of this deal. And, if this deal has any ligitmacy at all the company will release them.
Of course...
Billions of dollars were being pulled out of the market by individual investors. People are always looking for a diamond in the ruff and money was easily available to invest, and still is. A cash heavy company is always a positive, especially if their particular sector is more stable than most. If the company is truly solid, than there should be no reason to delay the PR. Also, this is pennyland dude. There MANY people in the pinksheets looking for something like this to hit. You seem to be narrow sighted and want to side with the company when you dont even know what the company is doing. Not even worth arguing about...
I am long in this stock, but my view isnt clouded by bad judgment.
P.S.
In regards to one of your earlier posts. YOU, as an investor should care very much about financials! Everyone invested in any stock should care about financials. Of course, that explains a lot to me about your views on investing.
And what exactly is the right timing to release the news?
Rhetorical question.
In my experience, a company does not hold news such as this for months to create "right timing". In a market as chaotic as this, nothing is predictable. If a company has become cash rich, they will advertise it...end of story.
I will hold until they PR that the deal has failed and they still refuse to put out any financials. No matter how profitable this company is without a buyout, the stock price will continue to suffer until they publicize their earnings. But, I suppose right now...no news is good news in regards to this still being in the process of being completed. JMHO
I dont consider that green with this stock...I consider that within this reoccuring spread which we have grown so familiar with.
If no news today...it seems our gooddoc was off target as well. It is unfortunate, there were hopes that with his previous prediction he might be correct about this. It is what it is, the day is not over, but I am not holding my breath.
I disagree. I will be the first to sell if there is a large short squeeze when this thing pops. I will not sacrifice .20 - .30 over the sale price to go long for a .09 - .11 divy. I dont know what my magic number is, but I will weigh my options depending on how high this thing goes...if it goes.
I apologize for beating a dead horse here, but three out of the last four were released in the AM. I think you might have been slightly confused. Either way, if it is going to happen today, obviously it will take place this afternoon...
BIH Corporation Updates Status of Pending Sale of Its Baron International Subsidiary
Tuesday August 19, 11:14 am ET
TAKK Systems, Inc. Announces That Baron International Will Install All the BeerMON Systems Nationally
Tuesday July 1, 12:04 pm ET
BIH Corporation Releases Estimated Baron International Acquisition Numbers
Thursday June 26, 8:58 am ET
BIH Corporation Agrees to Sale of Baron International Subsidiary
Wednesday June 25, 10:20 am ET
I am not being negative at all, I am providing real information. I have a position in this just as much if not more than most here, but you must look at the facts, not just what is appealing...
Everyone knows a larger sample provides better information. You take the average and you are provided with a company's usual trends. If that were not the case than I would just say the last one was released in the morning, so the next one will be too.
As an investor, you must look at all angels. Looking at the one that is most positive to you will lead you in potentially the wrong direction.
That being said, GO BIHC!!!
Slaz, below are the last 12 PRs released. Nine of which were released in the AM vs another three that were released in the PM. I dont consider that half...
It doesnt matter, just trying to provide real info. No reason to skew it to show something that it is not...
BIH Corporation Updates Status of Pending Sale of Its Baron International Subsidiary
Tuesday August 19, 11:14 am ET
TAKK Systems, Inc. Announces That Baron International Will Install All the BeerMON Systems Nationally
Tuesday July 1, 12:04 pm ET
BIH Corporation Releases Estimated Baron International Acquisition Numbers
Thursday June 26, 8:58 am ET
BIH Corporation Agrees to Sale of Baron International Subsidiary
Wednesday June 25, 10:20 am ET
BIH Corporation Board of Directors Holds a Strategy Meeting Over the Weekend and Determines a Course of Action
Monday June 23, 1:16 pm ET
BIH Corporation Board of Directors Will Meet This Weekend Regarding an Unsolicited Offer to Acquire All of Its Remaining Outstanding Shares
Friday June 20, 8:57 am ET
BIH Corporation Continues Its Buyback Program
Thursday June 19, 12:22 pm ET
BIH Corporation Reopens Negotiations to Acquire Interest in New York-Based Restaurant Equipment Manufacturing Firm
Tuesday June 3, 9:02 am ET
BIH Corporation Board of Directors Announces a Significant Buyback/Reduction of Authorized Shares
Monday June 2, 9:19 am ET
Baron International Chooses Valley National Bank as Its Exclusive Bank for Lease Financing
Wednesday May 14, 9:08 am ET
BIH Corporation Reiterates Its Share Structure
Wednesday April 30, 2:31 am ET
Baron International, a Subsidiary of BIH Corporation, Awarded Contract for the New Citi Field in New York
Tuesday April 29, 8:57 am ET
Almost every one of their previous PR's have been released in the morning...
Just throwing that out there.
The only clowns are those that base monetary decisions off of advice from unknown individuals on a free forum...
Dont get me wrong, I want this to hit just as much as the next guy. But, I am not going to add to my position or take away from it based on anything I "hear" on these boards. If literature is provided, that is a different situation.
It isnt these closure date "guesses" that bother me, it is the effect it has to the stock price after the guess was proven to be wrong. So, I GUESS it is the inexperienced that cause my frustration being those are the ones that pull out after the "reliable tip" doesnt pull through.
As for BIHC, I really do hope this thing hits tomorrow. But, I will neither be surprised nor dissappointed if it does not as I have made no changes in my own trading on this stock based on what I have heard here.
GLTA tomorrow, and I hope for some of the traders here that have altered their position (or perception) that this thing hits.
It will drop on Wed.
Pulled directly off of the SEC site.
"Pink OTC Markets Inc. is not registered with the SEC in any way and it is not the Financial Industry Regulatory Authority (FINRA) Broker-Dealer. Pink OTC Markets Inc. does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in Pink Quote tend to be closely held, extremely small and/or thinly traded."
IMO, if the SEC does not recognize any relationship with the pinks at all, then any rules ammended or currently withstanding will not apply. In short(no pun intended), the new rule does not apply to BIHC.
This is just my take, if I am wrong please point out where and explain your position. BTW, I am long with BIHC, just trying to clear any confusion.
The Doc was right before, gives him leverage on these boards compared to those that have proven nothing thus far. As with all predictions, it is down a grapevine so everything should be heeded with caution. Whether the Doctor believes he is truely right, it is possible that he is not even with his track record. I for one hope he is, and may even increase my position beforhand. But, I wouldnt do that if I didnt alredy have confidence in BIHC.
BIHC reunion after this is all said and done? I say FIJI....
=)
Present
Also know of 6 other holders not on boards equaling over 15 million shares total.
Another 5000 share sell to a new low. I have been watching these and they are very obvious, I highly doubt these are real investors. For that matter, they may not be sells at all from what I have been seeing in the past. This is where I start loading up, GL.
LOL, Slaz that doctor is awesome. All mine told me was to bring my blood pressure down and cut out the red meat...=(
What are your personal opinions on the potential buyers listed earlier. At first glance i thought they had just as much of a chance as anyone else, but now.....whoa, very well could be.
Couldnt agree more...
I dont believe by any means that that was just dumb luck. Even though he wasnt spot on about the PR topic, he was correct about a multitude of other things. He gave almost a week in advance as to when the PR was released...and it was. He mentioned the higher prices and that is very very probable now being confirmed by the company itself.
My gut feeling says a week or two after the holidays, possibly next Tuesday...and I never like to guess closing dates. But, if it isnt, that doesnt make a lick of difference to me...just more waiting which I am fine with. IMO
Note: Installing AND maintaining those units.
These MM's are a piece of work...
This is insane, i can only hope my diligence will be rewarded.
I will speak for wallstreet on this....yes you are...LOL
Wall...LOL
I agree with you on that, but he did not specify. After labor day could be any time, i am just saying you are jumping to conclusions rather than looking at what he said. He could very well mean next week but he did not say that so you can not assume. Also, I am wondering why you messsage got deleted...It was BIHC related and nothing else...
Let me correct you on that Carp. he said after Labor Day was the next phase...not necessarily next week...Just point it out.
I must say...That is pretty encouraging to read over and over again.
I have read that dang thing 20 times trying to pull out anything that might be hidden that would give a little more info. I think that statement is the best in the whole PR. Pretty much assures us this thing is a done deal soon...IMHO
They never stated they were not going to release another PR. The way I see it, the little info they did give two months ago is what they were updating. They gave us a prospected divy and buyout price. Since that has changed they were simply updating the already public info. IMO
The Lawyer issue seems very reasonable to me. My father sold his private business about 5 years ago and I remember it taking forever to iron out all the legal stuff. I can only imagine how much more complex it is to sell a public company...
I feel confident about this, I just hope there are no major disagreements between now and closing which I dont think there will be. But, who the hell knows...
Actually, I consider last weeks PR very important. Not only did it break a month and a half of silence, but it updated us on the current situation.
Im just being bored......
This poster is very interesting with his recent posts being even more so. I am inclined to listen, as his predictions are generally in line thus far. He knocked down a a clutch field goal with his PR prediction, I only hope he is right about the game winning touchdown...
Obviously I am ready for the collegiate season to start. =)