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It's about time to bring in someone who is ACTUALLY willing to do some damn work and bring the company to new levels. Let's go Coleman make us proud!
CBYI!!
Obviously the close was painted down.. look at it straight down to .0025 from .003 like it was nothing.. tomorrow it will recover no doubt
CAGR
Ferris, I miss that guy.. Wonder if he still has our list of who's holding what shares and if he has updated it, doubt it.
Aww you beat me to it.. oh well, thanks though!
1. how do you know that it's not more or less than $300k by now?
2. AGS is thinking about the price of CAGR in the future and that's why they want to provide this now.
3. I never said NO dilution I was just saying how it is and YES AGS can totally dump on us if they want to, I also stated that IF CAGR is very profitable and if they truly do care about the shareholders that they can buy back or retire shares.
4. Glad you agreed on my definition lol (you never agreed with me EVER!!)
5. apparently this is the market value Market Value $1,590,444 a/o Apr 13, 2012
No problem and for your information that post wasn't directed at you and panther it was just a general statement.
Here's my own words of the definition of a "REF":
Basically a "REF" helps to get rid of dilution in the sense that instead of shares being dumped on shareholders and taking forever for the shares to be soaked up, the shares being issued will be sold to AGS CAPITAL GROUP who WILL purchase those shares at an agreed upon price. How this is better than dilution is the simple fact that the shares will be bought outright and they're not being dumped on us. So in essence CAGR will have the ability to sell up to $10,000,000 worth of shares incrementally or bigger portions to AGS CAPITAL GROUP instead of shareholders being stuck trying to soak up the shares however CAGR is NOT OBLIGATED to do so, this just simply allows CAGR to do it if more capital was needed.
Now this is weird, DH in one of your posts did you not state "why didn't AGS purchase $1.5mill worth of shares" well that's because it's not up to AGS to buy the shares, it's up to CAGR to give AGS an advance notice so that they can come to an agreement on share price when CAGR issues shares.
When it comes to fees on REFs: It is fixed costs of legal fees and DD fees in which the ISSUER (CAGR) is responsible for their own fees as well as a negotiated potion of the investor's fees (AGS CAPITAL GROUP fees). THERE ARE NO FEES FOR CANCELLING A REF AND IT CAN BE CANCELLED AT ANY TIME!
Based on the face that AGS CAPITAL GROUP is receiving shares for the REF to me means that unlike a LOC(line of credit) there is NO INTEREST on the $10,000,000 why? how will AGS CAPITAL GROUP make money from this? Simple, when we go up from these levels they will be able to sell the shares at a profit.
Now I know from this last statement some people are going to be all over it saying "see AGS CAPITAL GROUP will be diluting shares back to us etc.." well since CAGR is starting to show signs of improvement in sales without the store being open then IF their sales are extremely good then I call for share buy backs and/or retirements of shares when AGS CAPITAL GROUP does sell the shares.
There you go, that is MY version in MY own words as to what the definition of what a REF is.
Like other posters have said, it seems that some people on this board don't fully understand the concept of a "REF" so as per AGSGROUP here is the definition of a "REF"
http://www.agscapitalgroup.com/Reserve_Equity_Financing.html
Enjoy :)
all I know is that whoever got those shares must be laughing at 0.000001 wow that's low.
The only question is if it's a winning lottery ticket, the answer should be revealed in the next coming months.
$BFHJ
It means you,I and others from this board will be cruising the Vegas strip heading to whichever JV casino joins BFHJ in our brand new Lambos after we landed in our private jets! lol
BFHJ!!
I knew you wouldn't
Hey Geo,
I was wondering where you went. bring on the negativity!
GGGGGOOOOOO BFHJ!!!! << that was for you
NO I'm saying that next fall PENDING on specific news/share structure/ETC that this COULD go to 0.10+ I could be completely wrong with my statement as well but I'm trying to be optimistic
BFHJ
I say in the fall we can get it to over .10+ again PENDING on news
damn right we need to get this to those levels AND WE WILL!!!
BFHJ!
But 5.00 is much better lol
I think many investors here including myself would love for that to happen, I just don't see it that soon.
CBYI
It's fine I was just trying to find a way to say you were lying, you can go right ahead and make your next posts in german as I will be able to understand then although I am not german. No I don't believe the run will be next week I will even say it will be either the end of summer or fall provided that CBYI is actually making progress with what they have been posting in PRs.
CBYI
gute tag
Well, you lied about knowing how to spell.
Attract, disasters are the way they are spelled. I'll take the $10 now.
Thank you lol
All I was stating in the post was that they didn't re-purchase to re-issue those shares, they retired the shares and I agree with you that reducing shares does attract new investors. I know that companies sometimes say anything in PRs just to make people happy but only time will tell if they were serious about management being serious.
They retired the 400 million.. when shares are retired they can't be re-purchased unless there is a share increase... I would love to see more retirement of shares.
CBYI
Hey di4 I don't have PM but either way you're welcome :)
Let's get this thing moving next week!
BFHJ
Time to add a little post on his board.
BFHJ
Edit: Nvm I can't post to his board
Hey look at that, it says NON-GAMING ASSETS again..
BFHJ!
Uh no they didn't.. Did you not read the part where it says they sold all of their NON-GAMING assets. Here it is again cause I think you missed it.
Beneficial Holdings Inc. to Divest Non-Gaming Assets
MANAGUA, NICARAGUA, Jan 26, 2012 (MARKETWIRE via COMTEX) -- Beneficial Holdings Inc. (PINKSHEETS: BFHJ), which manages the www.sportsbook.cr and www.bet.cr by Beneficial live dealer casinos and sportsbooks, a hotel, and gaming parlors in Nicaragua, today announced that it tentatively plans to divest its non-gaming assets.
The Company's non-gaming assets include Hotel Beneficial Managua (property and business), the purchase agreements for the El Crucero hotel, the Montelimar Beach property agreements, and the portion of the El Transito purchase as it relates to the hotel plans only.
The Company will retain its gaming interests under its subsidiary, Grupo Beneficial, S.A., including its gaming internet domains www.bet.cr and www.sportsbook.cr, its www.bet.cr by Beneficial Tropical Vereda bar and casino, and its gaming parlor in Masaya, Nicaragua. The Company will retain the rights to build a slot parlor adjacent to the hotel on the El Transito property. Additionally, the Company negotiated the right to operate the gaming locations at the Montelimar Beach and El Crucero properties.
The Company will receive in excess of US$3,100,000.00 plus certain licensing fees in connection with the transaction. The proceeds will be used to expand the Company's gaming presence in Central America and to develop its plans to enter into the gaming market in the United States to the extent authorized by law.
The Company advises shareholders that it will focus solely on gaming for 2012 as the hospitality business, while profitable, does not provide as much growth as the Company needs. The hospitality assets impaired the Company's ability to expand into the more lucrative gaming markets.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international hotel & casino holding company, specializing in acquiring undervalued gaming & resort assets. The Company owns a hotel in Managua, a bar and casino also in Managua, a slot parlor in Masaya, Nicaragua with other properties either under development or in various negotiation stages.
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.
Contact Information
Media Relations
Beneficial Marketing, Inc.
+505-8367-3333 Telephone
SOURCE: Beneficial Holdings
Copyright 2012 Marketwire, Inc., All rights reserved.
It's stated 3 times in the 1 PR so I don't know how you missed that but I just wanted to show you and just in case you think it's bs then here's the link:
http://www.otcmarkets.com/stock/BFHJ/news
So, in other words Blue Horseshoe Loves BFHJ :)
That's why I presented the other post saying that I was wrong... I made the mistake of searching for only "nevada gaming license" forgot the interstate but it was a big mistake and I have apologized to everyone already for it... would be cool if we see beneficial's name pop up soon..
Sorry think I pulled the trigger to fast on those posts.. I think it's just the regular gaming license and not intrastate.. My apologize to everyone for the confusion, I won't let it happen again.
BFHJ
Actually I'm sorry Adama that just looks like a regular application, I forgot to type "Intrastate" when I did a search for it...
My bad :(
Wow actually I could be wrong.. EVERYONE check this out someone is already approved, don't know if anyone noticed this or not.
http://www.rgtonline.com/article/jimmy-buffett-approved-for-nevada-gaming-license-106403?CategoryName=Vegas
Jimmy Buffet who owns Margaritaville holdings has already been approved for the license since Mar 23, 2012!!
Let's go BFHJ!
Hey Adama1984, From what I've been reading it seems as though the earliest ANY of the applicants will be approved by will be in the fall.
Here is the link for the actual application:
http://www.google.ca/url?sa=t&rct=j&q=nevada%20gaming%20license%20application&source=web&cd=1&sqi=2&ved=0CCwQFjAA&url=http%3A%2F%2Fgaming.nv.gov%2Fforms%2Ffrm042.doc&ei=QUZ8T5ejFqr40gHx0vT_Cw&usg=AFQjCNFn672fa_v_5Ez-zkRSE74WG7i0Tw&sig2=ocISge13f1gfzjhS0LYEJw&cad=rja
You should read a little more, I use to think exactly how you do with that post you have just placed but look deeper into things then you will find out.. I never said it was an MM first of all it could be someone who has shorted this company and is waiting for those options/shares to get to their price point and talking about crock of shits how can you not think that one 345share sale dropping the price by .0001 not manipulation or someone not wanting to keep it down meanwhile there are 100s of millions in buys?
Ya someone was trying REALLY hard to keep it down.. Think I may need to increase my position and make sure they don't get their grubby hands on more shares.
well obviously we would need to get past those price points at it will be tough plus take some time but if everything goes through then I don't see why not in the long term.. Yes I can imagine that and I can imagine how different my life would be, that's what I'm aiming for.
BFHJ!
looking for $2.00-$5.00 lol
BFHJ
Damn right.. I don't see why BFHJ won't get the license... and I'll take .0001 up tick a day no problem...
can't wait for my X.00's BFHJ!
exactly, we're back down to 4s now... grr oh well we'll get back up there..
Smack this B**** up!
Go BFHJ!! hahaha
BENEFICIAL HOLDINGS INC 9:39:58 AM EDT
Symbol T Bid Ask Last Change Volume FSI
BFHJ US V + 0.00 0.00 0.0005 0.0001 (25.00%) 168,826,200
We be killing it today!! keep it up ppl!!!