Beneficial Holdings Inc (BFHJ)

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Link:http://www.crwenews.com/?p=34848

Beneficial Holdings maintains two subsidiaries in Nicaragua: Grupo Beneficial, S.A., and Recreaciones Beneficial, S.A. BFHJ has 903,000,000 shares authorized and no plans to increase its authorized shares. The majority of the shares are restricted, such as the control block, and these shares cannot be traded. Less than 275,884,651 free trading shares exist. There are 627,115,349 long term restricted shares. The Company previously issued a 6 for 1 share dividend to create liquidity. While the stock is more liquid, the price has actually fallen and the stock continues to suffer from what appears to be day trading and short trading. According to daily reports released by FINRA, on some days, between 60 and 90 percent of the Company’s share trading volume is a result of short selling. The Company is looking into methods to curtail this manipulation and to bring more transparency and value to the shareholders.

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.