Food for thought:
Some comments (true, maybe not ask a broker)
1. Pretty sure you can't set limit orders for pinky's.
2. Moving shares into a cash account is great for many listed securities, but for the pink's it's like the US mint, the MM's print all the shares they want (electronically).
3. Naked shorting is not illegal under a few circustances (loopholes) and of course pinkies are the prime candidates (bona fide MM)
Now that it sounds like I an against BIHC, the reality is I am strong and pro BIHC, I own over 2 mil shares, but it is a risk.
I am hanging on Galo being an honest businessman (WHY? because there is no other reason than luck and gut in the pinks). If the PR's are true, the divy is the only way out of this manipulation (or generating enough credentials to get listed on another exchange, but that doesn't solve our problem) and I'll bet he knows that (at least I am banking on it). It not only has tax advantages, but also will require the MM's to cover AT LEAST to the divy price and over to make back some dough and if that doesn't work, Galo (or we the share holders) 'could' take it to the SEC (ah yea, what ever).
Check out the links below, some good reading if nothing else. Not to scare anyone away from BIHC, but for future reference. I actually think BIHC may be the ONE golden opportunity everyone misses in their lifetime.
www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi?ubb=get_topic;f=9;t=001874;p=1
www.fool.com/investing/high-growth/2005/03/24/the-naked-truth-on-illegal-shorting.aspx
www.sec.gov/investor/pubs/microcapstock.htm
Feel free to comment, just keeping it real.
-Turbo
