Bridgetech Holdings International (BGTHQ)

[cjstocksup]

nodummy Share Friday, January 07, 2011 11:51:12 PM
Re: None Post # of 2612

Decided to look at this company because a friend asked me too.


This company does have a nice share structure.

A/S: 100,000,000
O/S: 70,852,030 (as of Sept 30, 2010)

40,000,000 of those were paid to the CEO Landow on December 31, 2009 to cover $60,000 of his 2009 salary. Officer shares are usually restricted for well over a year aren't they?

In total the officers own 46,358,023 shares meaning a good float on this stock. I have seen some really low float numbers posted on here, but I'm not sure where those numbers are coming from exactly either way the share numbers look good.


It's a fully reporting company - nice to see and way too rare


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The last 10Q filing supports the merger rumors that I was reading on the boards. I've come across some R/M plays recently that had no support but from the last 10Q filing:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621887

RESULTS OF OPERATIONS

We have discontinued all operations and we are no longer operating.

Our management is currently in discussions with three potential merger candidates with companies in the following categories:

Electro coagulation

Electro coagulation is an electrochemical method of treating polluted water whereby sacrificial anodes corrode to release active coagulant precursors (usually aluminum or iron cations) into solution. Accompanying electrolytic reactions evolve gas (usually as hydrogen bubbles) at the cathode.

Electro coagulation has a long history as a water treatment technology having been employed to remove a wide range of pollutants. However electro coagulation has never become accepted as a mainstream water treatment technology.

The lack of a systematic approach to electro coagulation reactor design/operation and the issue of electrode reliability (particularly passivation of the electrodes over time) have limited its implementation. However recent technical improvements combined with a growing need for small-scale decentralized water treatment facilities have led to a reevaluation of electro coagulation.

On Line Distribution of Unique/Differentiable Dietary Supplements

An online media and marketing company engaged in the promotion of alternative health remedies and other health living solutions. Their marketing activities primarily target the demographic segment comprising persons in the United States between the ages of 18 and 50 although they also reach consumers outside of this group.

The business model for this entity entails its primary revenue through the sales of products through our opt-in email offers, various websites, affiliate marketing, and advertising. Their management contends that the quality of their products and effectiveness of our marketing network will be the primary reasons for the success of their entity.

Their company’s principal core philosophy is to create, or partner with, products backed by science and catering to market segments that provide a net positive benefit with a long-term customer lifecycle.

THERE CAN BE NO ASSURANCES THAT NEGOTIATIONS WITH ANY PROSPECTIVE BUSINESS, INCLUDING BUT NOT LIMITED TO THE ENTITIES DISCUSSED ABOVE, WILL RESULT IN A MERGER WITH OUR COMPANY OR THAT SUCH MERGER WILL RESULT IN PROFITABILITY.


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Unfortunately so does the 10Q for the period ending June 30, 2010 and so does the 10Q for the period ending March 31, 2010. they both contained the exact same wording

Negotiations can take months to work out. I don't see where the news being put in the 10Q filings earlier this year led to any dilution or promotions so I tend to believe the filings in this case that negotiations were started earlier this year with 3 companies. That being said negotiations have to be closer now than they were several months ago - that's just common sense.

Being closer and being done are two different things though so what signs do we have that a merger may be done or even very near?

I have read the posts where people have said that the CEO has been forced into a quiet period which would support that a merger is very near. I haven't talked to anybody from the company and I don't know these posters so I leave it up to each person to decide who to trust. Obviously doing your own DD is always your best option.


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I know the statement about discontinuing operations doesn't sound good, but that actually supports the reverse merger rumors - this company is basically saying that it is turning itself into a shell for a merger candidate.

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I know the company has a good size deficit, but that won't matter if a merger happens.

This company is a R/M play and not much more so I probably won't be doing any more research on this for now.

I see that this board really came to life on the 31st of December - which does mean that the popularity of this stock was most likely supported by some promoters finding the board. That had a big affect in helping raise the share price, but it doesn't change the potential of a R/M happening or not.

I have no reason to think that the company put that information in their filings to support a bunch of dilution because they have such a low A/S cap and the volume has been low for the current prices.

Obviously based on how easily this thing moved up on the rumors and the good share structure it has the potential to really move on a real merger. What the price does from here will depend a lot on the trends of the shareholders and how much time goes on without some more support for the reverse merger. Penny stock traders and patience don't always go hand and hand.

Unfortunately with these kinds of things a whole lot more information regarding the merger may not be shared until the merger has happened and the news breaks. Those are the risks of a R/M play. Sometimes you can get lucky and find the officers changing on the state SOS filings ahead of the news and SEC filings. Unfortunately being incorporated in Delaware means it will cost money to see the list of officers for this company - just as it cost money to see any changes in the A/S count. In any case it's important to watch the filings and be on top of things if and when the merger really does happen so you catch the shares as cheap as possible because obviously the share price on this will rise up fast if and when an actual merger happens.