Beneficial Holdings Inc (BFHJ)

[nosfelle]

great question, and management seems to believe in what's happening now too...

BENEFICIAL HOLDINGS, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)12As described in Note 4 herein, an affiliate of a member of Management has provided substantial funding to the Company under the terms of a Credit Agreement which is secured by all the assets of the Company.As described in Notes6and 9 herein,two members of Management have notified the Company that they intend to exerciseoptions and warrants to acquire up to 15,000,000 common shares of the Company under the terms of those agreements and offsetting the exercise price of such options and warrants in the aggregate amount of $350,000 against amounts owed them by the Company.NOTE 9 –SUBSEQUENT EVENTSSubsequent to March 31, 2021, two members of Management notified the Company that they intend to exercise their options and warrants to acquire up to 15,000,000 common shares of the Company. See also Notes 6and 8herein.

$BFHJ