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Trader0327

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Trader0327

Re: Quik18holes post# 16198

Friday, 07/11/2008 2:50:32 PM

Friday, July 11, 2008 2:50:32 PM

Post# of 43413
According to PR:

FT. MYERS, FL--(MARKET WIRE)--Jun 2, 2008 -- BIH Corporation (Other OTC:BIHC.PK - News) today announced that the Board of Directors has approved a major plan to reduce its Authorized Shares from 180M to 80M through a combination of retiring a significant amount of existing outstanding restricted shares along with a buyback of additional outstanding shares on the open market.

IMO By retiring the shares they are talking about reducing the Authorized shares available. This is totally different than just reducing the public float.
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