I am not a registered investment adviser or registered securities broker dealer and this information is my opinion only.
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Exactly. If you want out there are plenty of buyers that want in. Sell at the ask and this will continue to tighten up and move exponentially.
I sure didn't do a very good job "building my foundation" in EVC*.
Looks like they're starting on the top floors just below the penthouse when I was "building my foundation" by flipping. Flipping to build a foundation only works for a churning stock, as has been the case here. If the stock starts to rise and you flip you are assuming said shares flipped will be available below the flipped price. If you feel the price will fall again, by all means, flip away. But, as in the case of EVC* and my 225000 shares (just a portion of my position) that I flipped for no more than .011 I rolled the dice and crapped out. If they pr the Sportsbook "is live" and you flip that run you are assuming they do not release 2010 revs and current or up-list OTC status a day or two later. It's a roll of the dice, sometimes you throw a 7 and sometimes you crap out. Damn, I love craps.....best game in the casino.
A little tidbit on flipping...w/correct chart
On Feb.07, I flipped 225000 shares of EVCA between .0095 and .011
Had I held these shares that I paid $1510 for and sold for $2325, a grand total of $815 profit, I would have shares worth $12,825 as of close Feb.11 (Friday) - now I do still have shares of EVCA as I see them going much higher but it just illustrates how expensive it can be to flip a position that is going up. I, at the time, did not fully realize the value of EVCA but thankfully held some of my position to reap the rewards of the rising pps. I have not flipped BFHJ. On the contrary, I have added the months of churning knowing that the rewards are much greater down the road. All you have to do is read the prs as to their business plan for 2011 and the expected revs of slot parlors and then add the online casino and now sportsbook - maybe even the JV and expansion into South America as they have stated - and you can see what a conservative estimate will be for the revs.
Quote:MANAGUA, NICARAGUA--(Marketwire - 12/01/10) - Beneficial Holdings Inc. (Pinksheets:BFHJ - News), today provided guidance as to its end of the 2010 year along with its 2011 strategy.
Beneficial Holdings Inc., through its Central American subsidiaries, will continue its strategy to acquire control over small slot parlors in Central and South America. The Company's review of the market demonstrates that the highest profitability is achieved through smaller slot and gaming parlors which can be managed with minimal overhead and employees. Larger casinos are not faring as well mainly due to high overhead such as the need for sophisticated training and surveillance. Small slot parlors, on the other hand, achieve revenues of between $650,000 and $1,200,000 per location and can be managed with only four to six employees.
Beneficial Holdings' objective is to achieve control between 30 to 60 additional gaming parlors in Central America by the end of 2011.
Notwithstanding the Company's favoring smaller facilities, the Company is reviewing investments for minority interests in some larger casino projects in South America during 2011. However, the Company will not acquire more than 25% interest in those projects. The projects will be in South America and will focus on facilities with between 60 and 200 gaming machines.
The Company will continue to invest heavily into worldwide marketing (excluding the United States) of its online gaming site, www.bet.cr, and its upcoming sportsbook and virtual racing sites. Discs are already being distributed in Central America and the Company is preparing a mailing to persons who requested them elsewhere.
The Company intends to initiate financial disclosures to its shareholders with the intention to prepare an annual end of the year financial report for 2010. The report, depending on a decision by the Board of Directors and the cost effectiveness of the same, may choose to provide the report to Pink OTC Markets to be listed as a "limited" or "current" information company, or the Company might file a Form 10 and register its securities for trading on the OTC Bulletin Board or Pink OTC Markets OTCQB system.
I will continue to accumulate BFHJ throughout 2011 because I can see the literally 10's of millions in revs by years end by executing their intended business plan.
16-30 ADDITIONAL slot parlors with between $650,000 and $1.2 million per location: OK, low ball figure - 16 parlors @ $650k per is $10.4 million - NOT counting resorts, NOT counting online casino (Bet.cr), NOT counting Sportsbook (Sportsbook.cr), NOT counting any JV.
To illustrate my point on accumulation see the chart below and you can see that the ones that have flipped during the last few months have done so into the hands of investors that are patiently waiting for the big money.
[img]A little tidbit on flipping.......
On Feb.07, I flipped 225000 shares of EVCA between .0095 and .011
Had I held these shares that I paid $1510 for and sold for $2325, a grand total of $815 profit, I would have shares worth $12,825 as of close Feb.11 (Friday) - now I do still have shares of EVCA as I see them going much higher but it just illustrates how expensive it can be to flip a position that is going up. I, at the time, did not fully realize the value of EVCA but thankfully held some of my position to reap the rewards of the rising pps. I have not flipped BFHJ. On the contrary, I have added the months of churning knowing that the rewards are much greater down the road. All you have to do is read the prs as to their business plan for 2011 and the expected revs of slot parlors and then add the online casino and now sportsbook - maybe even the JV and expansion into South America as they have stated - and you can see what a conservative estimate will be for the revs.
Quote:MANAGUA, NICARAGUA--(Marketwire - 12/01/10) - Beneficial Holdings Inc. (Pinksheets:BFHJ - News), today provided guidance as to its end of the 2010 year along with its 2011 strategy.
Beneficial Holdings Inc., through its Central American subsidiaries, will continue its strategy to acquire control over small slot parlors in Central and South America. The Company's review of the market demonstrates that the highest profitability is achieved through smaller slot and gaming parlors which can be managed with minimal overhead and employees. Larger casinos are not faring as well mainly due to high overhead such as the need for sophisticated training and surveillance. Small slot parlors, on the other hand, achieve revenues of between $650,000 and $1,200,000 per location and can be managed with only four to six employees.
Beneficial Holdings' objective is to achieve control between 30 to 60 additional gaming parlors in Central America by the end of 2011.
Notwithstanding the Company's favoring smaller facilities, the Company is reviewing investments for minority interests in some larger casino projects in South America during 2011. However, the Company will not acquire more than 25% interest in those projects. The projects will be in South America and will focus on facilities with between 60 and 200 gaming machines.
The Company will continue to invest heavily into worldwide marketing (excluding the United States) of its online gaming site, www.bet.cr, and its upcoming sportsbook and virtual racing sites. Discs are already being distributed in Central America and the Company is preparing a mailing to persons who requested them elsewhere.
The Company intends to initiate financial disclosures to its shareholders with the intention to prepare an annual end of the year financial report for 2010. The report, depending on a decision by the Board of Directors and the cost effectiveness of the same, may choose to provide the report to Pink OTC Markets to be listed as a "limited" or "current" information company, or the Company might file a Form 10 and register its securities for trading on the OTC Bulletin Board or Pink OTC Markets OTCQB system.
I will continue to accumulate BFHJ throughout 2011 because I can see the literally 10's of millions in revs by years end by executing their intended business plan.
16-30 ADDITIONAL slot parlors with between $650,000 and $1.2 million per location: OK, low ball figure - 16 parlors @ $650k per is $10.4 million - NOT counting resorts, NOT counting online casino (Bet.cr), NOT counting Sportsbook (Sportsbook.cr), NOT counting any JV.
To illustrate my point on accumulation see the chart below and you can see that the ones that have flipped during the last few months have done so into the hands of investors that are patiently waiting for the big money.
A little tidbit on flipping.......
On Feb.07, I flipped 225000 shares of EVCA between .0095 and .011
Had I held these shares that I paid $1510 for and sold for $2325, a grand total of $815 profit, I would have shares worth $12,825 as of close Feb.11 (Friday) - now I do still have shares of EVCA as I see them going much higher but it just illustrates how expensive it can be to flip a position that is going up. I, at the time, did not fully realize the value of EVCA but thankfully held some of my position to reap the rewards of the rising pps. I have not flipped BFHJ. On the contrary, I have added the months of churning knowing that the rewards are much greater down the road. All you have to do is read the prs as to their business plan for 2011 and the expected revs of slot parlors and then add the online casino and now sportsbook - maybe even the JV and expansion into South America as they have stated - and you can see what a conservative estimate will be for the revs.
I know, Stacks, I thought I would attempt to appeal to his logical side in an attempt to get him to can the regurgitation until next week and we'll then see if the pps is up or down. He knows what we think and he's given his 2 cents so if it continues we'll know he's punchin' a time clock when he's here. lolzz
Market Makers
Strong like bull. lol
After seeing the 60 min chart it is clear that if anyone wanted out they WOULD be this sfternoon (Friday no doubt) and the volume that will come into this Monday will be crazy. Looks like everyone wants a piece of EVCA. I say gap and run Monday.
I agree.
With the RSI running over 90. But, I've seen plays run over 90 for two weeks or more. Should be interesting.
You're right. More like .50+
Or is working for the short sellers..........
Thanks, H.
Some of the MM's sign out after the day's over.
I agree, until the news the chart is the magnet.
After seeing that I think it gaps up.
Number of large blocks were bought this afternoon. Looks like the MM's were taking it down for that reason.
15 mil bought @ .0165 via T's ($247k+)
Have a good weekend everybody. Next week we'll have more eyes.
GLER 15 mil bought @ .0165 via T's
EVCA late day push
GLER taking off again
GLER get in on the dip weeeeeeeee
Look at their pr from Dec and you'll see that the revs will be eye popping.
And don't forget. BFHJ has live dealers.
Looks like someone needed beer money for the weekend.lol
I wouldn't, not this close to boom time.
It appears most realize the value of what they hold and they ain't sellin' cheap.
If news this weekend = big gapper Monday.
Patience flippers and you'll make much more $$$
Link to trading group that appears to be buying BFHJ
http://tradingsw.com/trends-plays.html
We're soooo close......also
I agree with some others on the board. This is gonna be a multi- stepped assent with the revs and possible up list. 2011 will be very active.
I here ya.....
If a pharmaceutic or bio-tech company R/M's into PFMS we will all be able to put a few more rib-eye's in the freezer.
Hope ya'll got yer 14's yesterday. lolzz
There is only one MM under a penny......
Does anyone know if there is news of the R/M?
There were lots of buyers in the .0005-.0009 range that were here to flip and had no idea about the possible R/M. The trading over the last two days were transferring those shares to the buyers expecting R/M. The MM's may be aware of pending news and may be dropping bid to shack shares for the R/M. Just hold what you have and add the dips, if available.
Just a reminder of what we are all holding.........
BFHJ chart..........
Expecting huge news any day on new sports book going live.
http://www.beneficialholdings.info/15.html
Existing online casino.
http://www.beneficialholdings.info/8.html
Main page.
http://www.beneficialholdings.info/index.html
They have multiple slot parlors and a JV to expand into South America.
Read the pr from Dec.01 from the company concerning 2011 strategies.
http://finance.yahoo.com/news/Beneficial-Holdings-Provides-iw-3365801517.html?x=0&.v=1