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Tuesday, September 08, 2009 5:03:54 AM
We brought the BFHJ story to the table last week. BFHJ was, at that time, entering a quiet period before announcing an acquisition. We thought it was a good time to scoop up a few shares before the news hit the wires. On Friday the shares closed at $.026 and it appears that is just the beginning.
Lets hope you have those shares, because the news out tonight should move the stock in a big way Tuesday morning. The release, in its entirety, is below. For now we'll just focus on a few details before we head to sleep.
According to tonights release BFHJ will earn $.25 a share before EBITDA. The tentative valuation of BFHJ's shares per the acquisition is roughly $.21 a share, almost 1,000% higher than Friday's close. This valuation is base purely on the acquisition price. Obviously BFHJ is bringing substantial revenue aboard which could increase valuations even further.
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