Tuesday, January 12, 2010 9:28:39 AM
BFHJ, one to watch following this morning's PR:
Beneficial Holdings Inc. Announces Stock Dividend
LAS VEGAS, NV -- (Marketwire) -- 01/12/10 --
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced a six share stock dividend
Over the last several months, BFHJ's shares have been subjected to extreme volatility and fluctuation. This appears to be the result of sporadic trading and having an extremely small public float. To combat this issue, avoid further price manipulation, and create a liquid and orderly market for our securities, BFHJ will issue a six share dividend. For every one share of BFHJ the shareholder possesses, they will receive seven additional shares
Previously, BFHJ announced a share issuance "lock up" whereby the company would not issue shares beyond its 129,000,000 shares being authorized
BFHJ will honor that lockup by only increasing the authorized shares by the exact amount times six
Presently, BFHJ has 129,000,000 shares authorized of which 89,587,907 shares are restricted and cannot be traded on the open market. Therefore, after the dividend payment, the maximum number of free trading shares will be 275,884,651
About Beneficial Holdings, Inc.:
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains two physical gaming properties and is in the process of acquiring a third property. The company currently maintains capitalization of 129,000,000 authorized shares, of which 89,587,907 are restricted. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. The company maintains no convertible debt
This release does not constitute an offer of securities for sale. It contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences
Media Relations Beneficial Holdings www.beneficialholdings.info +505-8367-3333 Telephone Email Contact
Beneficial Holdings Inc. Announces Stock Dividend
LAS VEGAS, NV -- (Marketwire) -- 01/12/10 --
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced a six share stock dividend
Over the last several months, BFHJ's shares have been subjected to extreme volatility and fluctuation. This appears to be the result of sporadic trading and having an extremely small public float. To combat this issue, avoid further price manipulation, and create a liquid and orderly market for our securities, BFHJ will issue a six share dividend. For every one share of BFHJ the shareholder possesses, they will receive seven additional shares
Previously, BFHJ announced a share issuance "lock up" whereby the company would not issue shares beyond its 129,000,000 shares being authorized
BFHJ will honor that lockup by only increasing the authorized shares by the exact amount times six
Presently, BFHJ has 129,000,000 shares authorized of which 89,587,907 shares are restricted and cannot be traded on the open market. Therefore, after the dividend payment, the maximum number of free trading shares will be 275,884,651
About Beneficial Holdings, Inc.:
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains two physical gaming properties and is in the process of acquiring a third property. The company currently maintains capitalization of 129,000,000 authorized shares, of which 89,587,907 are restricted. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. The company maintains no convertible debt
This release does not constitute an offer of securities for sale. It contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences
Media Relations Beneficial Holdings www.beneficialholdings.info +505-8367-3333 Telephone Email Contact
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