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btw, You are amazing at DDing. I was impressed with the FAGI report you gave. keep up the good work sir.
Joey, I feel you. I think I'm done also. Its very unfortunate. There is more going on then meets the eye.
Agreed Joey. Another way of looking at this scenario with AA is that there is that much less dilution/dumping of this stock in the future. As long as we can hold the pieces that AA dropped off around these prices we can lock this stock even more and control its liquidity. I've posted occasionally here on this board. Been here since a they where in greys, and have waited for at least one 8k to pop up. But from my lips to gods ears, he dropped off two 8ks with a letter to the shareholders. That was more than I wanted. I've been long and knew this would be a long road. In fact, I'm practically broke at this point because of this stock, but I hold out and hold the bid as best as I can around the 13-14s with every little dime I have. I know you hear that you should never put all your eggs in a basket, but I also believe if you want to conquer an island, you have to burn your boats so you don't have any other option. As my previous post indicated, how this stock has went into greys then from greys back out and following SEC regulations by filing appropriate filings. My friend told me to not sink with the ship, but I feel like I'm one of the captains on it, and a captain never abandons his ship. So onwards we go fellow comrades
NONSENSE AGAIN? THIS NOISE IS EVERDAY.
There is a promotion? Heeelllll yeah! Promotions are a traders friend! Forgive me if I look at this though one eye. One must consider the source.
-Spamming about toxic notes that don't exist.
-Referencing the Nation's largest securities law firm ONE lawsuit from 5 years ago that was DISMISSED without merit.
-Referencing a lowly secretary's one and only screwup in 40 years of service, that was made right.
-Talking about millions of imaginary shares hitting the market with like a 20k daily average.
Promotion? Hype? Yeah OK. Show me the promotion. Screaming in CAPS doesn't make it true.
CORRECT! NO ONE IS FALLING FOR THIS BULLSHIT.
-Spamming about toxic notes that don't exist.
-Referencing the Nation's largest securities law firm ONE lawsuit from 5 years ago that was DISMISSED without merit.
-Referencing a lowly secretary's one and only screwup in 40 years of service, that was made right.
-Talking about millions of imaginary shares being dumped on the market with only a 20k daily average.
NONSENSE AGAIN? THIS NOISE IS EVERDAY.
There is a promotion? Heeelllll yeah! Promotions are a traders friend! Forgive me if I look at this though one eye. One must consider the source.
-Spamming about toxic notes that don't exist.
-Referencing the Nation's largest securities law firm ONE lawsuit from 5 years ago that was DISMISSED without merit.
-Referencing a lowly secretary's one and only screwup in 40 years of service, that was made right.
-Talking about millions of imaginary shares hitting the market with like a 20k daily average.
Promotion? Hype? Yeah OK. Show me the promotion. Screaming in CAPS doesn't make it true.
It's a matter of when to stop being a bag holder.
Don't confuse "aged debt conversion" with "toxic notes". They are literally apples and pickles apart.
Toxic notes are discounted / GIVEN for money and hurt shareholder value. Aged debt conversion for acquisitions is RECEIVING full value assets, and builds shareholder value.
With toxic notes a company is converting restricted shares to free trading, and with aged debt conversion for acquisitions, the company is converting free trading into restricted. BIG DIFFERENCE!
Toxic notes must be disclosed in every financial filing, and there are NO TOXIC NOTES with BHGI.
What it looks like BHGI has been doing is converting 15 year old, aged debt into hard assets which is brilliant even by Warren Buffet's playbook.
Don't confuse "aged debt conversion" with "toxic notes". They are literally apples and pickles apart.
Toxic notes are discounted / GIVEN for money and hurt shareholder value. Aged debt conversion for acquisitions is RECEIVING full value assets, and builds shareholder value.
With toxic notes a company is converting restricted shares to free trading, and with aged debt conversion for acquisitions, the company is converting free trading into restricted. BIG DIFFERENCE!
Toxic notes must be disclosed in every financial filing, and there are NO TOXIC NOTES with BHGI.
What it looks like BHGI has been doing is converting 15 year old, aged debt into hard assets which is brilliant even by Warren Buffet's playbook.
I'd run for the hills with what the chart says.
Looking at the chart and 52week high, I don't think this has a chance to ever get to where it started. That's to bad. Some companies are born, others....die. Looks like a dying one to me.
Looks like it's dying. Get out while you still can.
There are no toxic notes. Quoted below from a different company is what toxic notes look like in a filing. What's been posted here ad nauseum is 15 year old, aged-debt conversion. Hopefully this helps teach the difference and clear up the confusion.
Quote:
On October 9, 2012, the Company issued a $5,000 convertible promissory note to Carebourn Capital LP (“Carebourn”). The Carebourn note was due on demand, bears interest at 8% per annum and had a conversion feature similar to the 2013 Asher Notes (defined below). During the year ended December 31, 2014, the Company issued 8,082 shares of common stock upon conversion of the note and $696 of accrued and unpaid interest. As of December 31, 2014, the note has been fully satisfied.
On October 17, 2012, the Company issued a $25,000 convertible promissory note to Continental Equities, LLC (“Continental”). On March 26, 2013, Carebourn acquired the Continental note from Continental. During the year ended December 31, 2013, the Company issued 31,229 shares of common stock to Carebourn Partners, LLC. (“Carebourn Partners”) and Carebourn Partners’ assignee upon the conversion of the acquired Continental note. During the year ended December 31, 2014, the Company issued 9,024 shares of common stock for $3,411 of accrued and unpaid interest. As of December 31, 2014, the note has been fully satisfied.
On October 24 and 29, 2012, the Company issued convertible promissory notes of $9,000 and $16,000 (“the 2012 Gel Notes”) respectively, to GEL Properties, LLC (“Gel”) The conversion price for the 2012 Gel Notes was equal to 50% of the lowest closing bid price of the Common Stock as reported on the exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future with a floor of $0.0001 per share, for any of the five trading days including the day upon which a Notice of Conversion is received by the Company. If the shares had not been delivered within 3 business days, the Notice of Conversion may be rescinded. Accrued but unpaid interest was also subject to conversion. No fractional shares or scrip representing fractions of shares were to be issued on conversion, but the number of shares issuable were to be rounded to the nearest whole share. Also in October 2012, the Company issued four (4) additional notes to Gel in the aggregate, as amended, $85,000, and Gel issued the Company four secured promissory notes, one for $25,000 and three each in the amount of $20,000, initially due June 21, 2013. Gel funded $65,000 of the notes to the Company during the year ended December 31, 2013, and the remaining $20,000 was funded on January 28, 2014. During the year ended December 31, 2013, the Company issued 480,779 shares of common stock in satisfaction of $63,145 of the Gel 2012 Notes. As of December 31, 2013, the Company had $26,855 of principal amounts outstanding to Gel. During the year ended December 31, 2014, the Company issued 524,181 shares of common stock in satisfaction of $46,855 of the 2012 Gel Notes. As of December 31, 2014, the 2012 Gel Notes have been satisfied.
On November 1, 2012, the Company issued a convertible promissory note to David Schaper (“Schaper”) in the amount of $269,858 in exchange for previously accrued legal fees. The note bears interest at 8% per annum and is convertible at a conversion price for each share of common stock equal to 50% of the average of the lowest three trading prices (as defined in the note agreements) per share of the Company’s common stock for the ten trading days immediately preceding the date of conversion. During the year ended December 31, 2013, the Company issued 698,673 shares of common stock upon the conversion of $103,188 of the Note. As of December 31, 2013, the balance of the note was $166,670. During the year ended December 31, 2014, the Company issued 2,240,336 shares of common stock upon the conversion of $163,670 of the Note. As of December 31, 2014, the balance of the note is $3,000.
I'm with The Claw. As a long, I've waited over a year for it to happen. The fact it happened means serious business considering you don't see it happen often and for the fact when you see stocks disappear, it's the reverse, they go into grey and never come out to see day light again. Waited one year, hell, I can wait another year for it to explode. Of course that's the difference between a long and your average day trader.
A good point driven home. No one should be in a hurry to call this a scam when the fireworks haven't even taken off. It's only been lit, so it's a matter of time before its true colors come out in the open sky. Then We'll all be able to discuss the true potential of this company.
BHGI has come greys to pink. I have waited for a whole year for this to happen while the SEC has cleaned up penny land. The fact it has come through shows that something is happening. For a year I have been waiting and now someone comes in yelling scam. I must say, it's childish. I see that they have a history of posting that quite frequently and using the same tactics on other stocks. Beware of this. It's easier to scare people into selling then it is into buying. It's your classical fear tactic. These people are the type that will bad mouth a company over and over to no end. Fear is an emotion that makes you miss opportunities of a lifetime. It's an emotion that stops us dead on the tracks that were on. This may be more for the longs, because I have obviously waited for a whole year for this little caterpillar to turn into a cocoon. Now what happens inside is a metamorphosis that only happens once in a while. Don't blink, you might just miss it. Don't let fear rule your trades. Be logical, plan your trade and trade your plan. And I'm here for the long haul. Another year if I have to.
This puppy started from the bottom now where here. Where still at the bottom but where moving up slowly and surely. Baby steps. Patience is the key.
My opinion, the SEC has cleaned up penny land by removing over 300shells this past year. BHGI... Well they were in grey during this process, but instead of being cut with the other POS stocks, they emerged pink. Something else to ponder. My two cents= something's happening. Don't blink or you might miss the magic trick
Do scams come out of greys to pink? Or the other way around? From pink to greys? Hiring a legit law firm and going pinks, once again, how often do you see that? Should be common sense
Greys to pink. Real deal? Once again how often do you see that? Something must be going on behind the curtains.
BHGI, looking interesting.
I'm right behind you with my buy sh1
Can't wait for this to take off
Woot woot, about time JT
This is a total SCAM! The CEO went Chapter 11 & owes the IRS $16K
I'm curious where Peavy got the money considering he filed Chapter 11 last year. Oh wait! "Investors"! Ha ha ha.
This is a TOTAL SCAM! Put this in the LOSER Column.
Bankruptcy
Date Filed: 04/02/2012 | Chapter: 13 | Filing Type: INDIVIDUAL
Discharge Date: | Disposition:
Case Number: 1232554 | Court Location: HOUSTON
Debtors:
Name: Mark Alan Peavy
Address:
2023 Briar Ln
Richmond, TX 77469
Mark A Peavy
Type: FEDERAL TAX LIEN RELEASE | Amount: $16,908
Court: FORT BEND COUNTY CLERK-RICHMOND
Case Number: 2006048340
Date Filed: 01/09/2004
Debtor Address: 2023 Briar Ln, RICHMOND, TX 77469
Creditor: IRS
EOR being pumped, NO SEC FILINGS. buyer beware
to no ends, it continues, the pumping
EOR trading on OTCQX whcih does not follow SEC rules?
no filings within the u.s
no real validity of making what they say they make
rule of thumb, canadian companies trading like this are not worth investing. they love taking american money.
those by themselves are huge red flags, tired of pony shows, definitely a SCAM
how are these being promoted?? There was never any newsletters passed out for them.
Promo? where are the news letters to pump this thing??
Lower lows, EOR, put it on the loser column
dead stock
That sounds like something that you, yourself have done.
By the end of this match, I wish I could set up a standing ovation for the wisdom that is being shared on this board, by far the best board with not only entertainment of sarcasm all over, but a sharing of knowledge that covers just about every aspect of the case. i have been reading since the fall of ROHIQ at 10cents. Big yank, very inspiring conservative investing, pleasure reading your informative point of view, Investor, by far the best dam neutral as possible person jabbing left and right at whoever, but having a gleam of positiveness and the King, with wild scenarios that are plausible and perhaps about to happen right around the corner of this month. I have followed JTs lead into this and the risk/reward ratio is by far the best I have seen as JT pointed out.
good luck to all.
Nemo
If the MMs are making naked short sells could we drive the pps up and cause them to create a LOTE? thats how LOTE got out of hand and almost bankrupt the MM WDCD