I've been following this board for a while now and what I'm taking here is, we have bunch of bashers that keep repeating the same stuff. After getting an answer they wait for a while, then repeat the same things again to scare new investors. ( they're playing by the book!). Thanks to them, today I finally got those cheapies that I missed last time, weeeeeeee! Anyway, just wanna share my take on BEHL, hope it helps.
IMHO, buying a location for their headquarter was one of the news we've been waiting for beside S1 filing, Chinese contract and other revenue sources. So I wonder how this PR could it be bad news!!!
A lot of bashers talk about the merger being RS, caviaat emperor in pink sheet means the company is a scam and so on ...
In my understanding, there were several ideas behind the Merger and moving to OTC.BB:
1- The company becomes fully reporting and the share structure would be more clear and up to date which is a good thing!
2- The company has a better chance of getting governmental grants. (I think being fully reporting company is one of the requirements Obama set for any green energy company receiving governmental grants)
3- For those who say pinkies are bad, guess what, this won't be a pinky anymore, set aside a "caveat emptor"!. Yet they don't need to pay rediclous fees to remove the "caveat emptor" thingy! (BTW, a company being marked as "caveat emptor" doesn't make it a scam, BIEL use to have "caveat emptor" in pinksheet and everybody knows about their huge potential)
4- According to DF, their procedure they took for moving to OTC.BB is be the best way to avoid trading restriction.
But one thing to note is that all these advantage are long term so if you're long you've got nothing to worry about!
