InvestorsHub Logo
Followers 59
Posts 2025
Boards Moderated 1
Alias Born 05/07/2003

Re: petermic post# 3796

Wednesday, 07/19/2006 2:49:53 PM

Wednesday, July 19, 2006 2:49:53 PM

Post# of 169278
from BBAN 10K

On February 28, 2003 BBAN received a 100 Million USD Insurance Guarantee
Bond from Enhancement Holdings, LLC which was to be held in Custodian
safekeeping by Republic Bank and Trust in Norman, Oklahoma for credit
enhancement purposes. Enhancement Holdings, LLC along with Stanley Holdings
Business Trust are engaged in the business of corporate financing, business
consulting, debt instrument financing, international trade and asset
enhancement. Paul Harris is the Chairman and CEO of Enhancement Holdings, LLC
and Ben Stanley is Chairman and CEO of the Stanley Holdings Business Trust.
Under the agreement Enhancement Holdings, LLC will receive 3 board seats on the
BBAN board and a ranking equity position upon liquidity.

On July 9, 2003 BBAN received a Timber Deed valued at $31 Million from
Stanley Holdings Business Trust currently held in safe keeping at Hancock Bank,
Gulfport Mississippi.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.