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TEX

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TEX

Re: Whiplash_Investor post# 38642

Tuesday, 02/24/2009 10:15:18 AM

Tuesday, February 24, 2009 10:15:18 AM

Post# of 43413
OK, try this link:

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=bihc#getCompanyInfo

Notice below "Contact Information" and "Business Description":

"OTC Market Tier
Grey Market"

FINRA responds to the sponsoring market maker within 3 days, either clearing or requesting clarification. The issuer can inquire about the status, but not the public. You might also note that FINRA had to set up a timetable for market makers who never respond to clarification requests: After 6 months with no response, the app is dead.

Logically, one presumes that a company unable/unwilling to update its own shareholders about:
1) a promised cash divvy

2) an SEC suspension

is not likely to be able to muster the wherewithal to promulgate the information necessary--in about two weeks-- to first convince a market maker to submit a Form 211 , and second that said documentation would be in shape to fly through FINRA without clarification.

Here's some background reading:

http://www.pinksheets.com/pink/otcguide/issuers_getquoted.jsp

http://www.otcbb.com/aboutOTCBB/forms/form211.pdf

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=2678&element_id=2437&highlight=form+211#r2678

Pure logic aside, it's simply unrealistic to expect this off of greys as quickly as one might hope. An SEC suspension is serious business, and market makers won't take on sponsorship as some sort of slapdash affair.

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