Fact is Galo seems to have a history of not doing things by date he says.
The good news is he does do what he says even if late.
Said on website he post share structure more then once in 48 hours or on Monday. Yet he never met those time frames. Yet he did finally weeks late post share structure we see on website.
Last year issued PR in Aug 07 they be paying stock div of 3 to 1. Yet it took months before paid. The good news he paid it out at 4 to 1.
This year he said board had to approve cash div after they first only approved stock div. We saw a lot of he will never get bd to pay cash div as we waited for next pr. That took longer but guess what PR said he got bd to approve cash div.
Now here we go again he said cash div be paid by Dec 31. He has not followed up with dates to own by etc. Does he have to? Not sure maybe we just get paid Dec 31? Or found out can’t pay until after Dec 31 and still deciding on Jan dates. If like 07 for all we know they could pay us more then first said in PR. He did that in 07.
I would not over react as we see he has bad habit of not adhering to dates he says. Yet every time he did what he said. He said div will be paid and it will. He keeps his word.
Even when he said if deal was not best for BIHC he not approve it and tell buyer no. Even then he did what he said even if we don’t like it.
Fact BIHC owns Baron in business for over 26 years. Bought them April 08. If doubt that just call and ask former owner of Baron Mt Robert Ingala who has a degree from Columbia. He is a smart man and now works for Galo and BIHC.
Fact they said working on deal with Takk, they got that deal and that can be seen on Takk website.
Fact Baron has very impressive client list including Mets, UNO’s, Applebees, Pepsi etc.
BIHC last Jul 31 2007 announced paying a stock div to shareholders who owned as of Aug 15. Took longer then expected to finalize and pay but they did. Just ask shareholders still here who got that div. They are up because of it. That shows fact they have done a div before. Fact shareholder got the div last year. This time paying cash and stock dividend. How many pink CEO’s after a business deal like sale of Baron not happening would pay its shareholders anything? Few if any. Cash divs are rare with pinks. We see how hard the negative are working since cash div pr think they will have to cover is why I do. IMO.
Fact per the company says Baron is doing very well and turned buyer down because it was worth more then they offered. Buyer could not pay all cash for price BIHC felt Baron was worth. The terms and deal terminated when they could not meet price management felt it was worth. It is very clear Baron is worth doing well and worth more then pennies per share. If not management would have taken any offer buyer made since they have received a big payday.
When have any if us seen a 26 year old company with these clients owned by any pink seems to support Baron makes a lot of money?
Valley National Bank the exclusive source of financing for Baron Deals. Once again shows Baron is for real.
Share structure per company not some made up numbers by posters:
Common Shares Outstanding: 179,996,848
Restricted:(In Managements Control) 160,000,000
Public Float: 19,996,848
The stock div was to have been 3 to 1 this time. In 2007 it was 4 to 1 after first saying it be 4 t 1 they gave more. This time the board decided it would now be ½ cent cash div and 1 to 1 stock div. Therefore, since it’s not 3 to 1 they did not need to increase a/s to 700 million shares just 400 million for 1 to 1. They now only need 400 million to pay div. Many pinks dump shares but not BIHC. Increase is being used to pay shareholders stock div. If the where just dumping shares like accused up with no proof they have just left it at 700 million. When have we ever seen any pink who dumps shares lower an increase in A/S?
Everyone can think what they want but Baron sale not happening is nothing unusual. Deals fall out all the time with companies big and small. Very normal in business when both sides can’t agree on terms and stock drops when they don’t get finalized.. The fact BIHC is paying any dividend after the deal not happening sets them apart from most pinks showing shareholders do matter. If we didn’t we get zip nothing.
Is their a naked short here?
The math is clear with all the volume buys since June are way above any selling to know that is one fact to show naked shorting. That is how this market is made when it occurs very common with volume jumps like week of June 23. Think the increase in naysayers as anything to do with covering since its increased so much after cash div PR? They have profit motive to.
To see after they announce a cash div all the attacks trying to discredit BIHC suddenly just enforces there is naked short. Just Google Janice shell name she is not here to save anyone. Just to save the shorts that stand to lose a lot is forced to cover by the cash div.
When all of a sudden we get the posting after cash div pr last week for me clear their is big naked short on BIHC to cover. They are not here to save us. They are here to make money.
