If I had a nickel for every pumper that said "news on the horizon", I'd be a millionaire without ever owning a single share of stock. Gotta love how posters come from nowhere and suddenly pronounce themselves as the keeper of all of a company's secrets, although no information can be found anywhere to substantiate the claims.
As far as I can see by BESE's SEC filings, John Perez is still the spin doctor of record. BESE has released no information that says anything different. Anyone with any knowledge of John Perez knows that the safest bet to is to run quickly from anything he has touched, and never look back. Go to the USAU board or even look back on the BESE board on Investorshub for backup on this.
Look back at 2 years worth of BESE postings on the yahoo board. See the pumpers spout about "news on the horizon" time after time. Look at the share price in correlation to the hype. Nothing happened. A lot of hype, a lot of vitriol spewed at anybody trying to poke a hole in the hype, but no discernible, sustained, increase in the PPS. Also, not a single release from BESE during that time indicating anything would ever be on the horizon.
How about this from Bloomberg regarding BESE's finacials:
"Beeston Enterprises Ltd. may have more financial risk than other companies in the Metals and Mining industry as it is one of the most highly leveraged. Its Debt to Total Capital ratio stands at 96.36%. Beeston Enterprises Ltd. may have more financial risk than other companies in the Metals and Mining industry. It remains one of the most highly leveraged, despite its Debt to Total Capital ratio shrinking to 96.36% over the last fiscal year. Additionally, an examination of near-term assets and liabilities shows that there are not enough liquid assets to satisfy current obligations." ONCE AGAIN, "THERE ARE NOT ENOUGH LIQUID ASSETS TO SATISFY CURRENT OBLIGATIONS".
Look at the SEC filings over the past 2 years. The direction of BESE is a death spiral. Anybody providing financing to the company at this point will only increase the dilution of shares and the percent of leverage. There will be no White Knight for this company.
As for insider trading, no insiders have purchased stock in the last 5 years. That pretty much blows a hole in the whole "news on the horizon" thing. In fact, only Brian Smith is listed as an insider. And of course he is not selling any of his shares because BESE is at just about the lowest PPS it has ever seen.
In other words, BESE does not have enough money to get out of its own way. And the truth shall set you free.
So let's talk. Instead of nebulous rumors, how about if you post something that people can actually verify?
