Do I hold shares in BEHL? No, I have not held a position now for 15 months, I did flip a $100 of shares in September based upon the consistent PR barrage at that time. But after that I do not even play on BEHL, it is has proven too risky and anyone can see why. I thought the 250 million shares that were approved in Feb 2010 were bad enough seeing them diluted when I exited my position and went to wait and see mode. Knowing to date that the OS is ten times that size currently and the stock trading at par value of .0001 it was obviously the right choice.
You stated you believe that there is nothing but up left since it is trading at .0001, that nothing worse can happen. I disagree strongly, for example if one is using Zecco currently they cannot trade their shares of BEHL without using a manual trade which would cost them $500-$700 in fees to just trade that stock. See without the DTCC and Penson clearing this stock it has eroded it's trading ability to very restrictive occurrences. You have to hope that someone from Etrade for example is buying your stock as they clear their own stock.
But that is just the tip of the iceberg here, see new ownership has in fact purchased the BEHL shell and of course like all new owners they have these grand ideas of achieving a transparent status on the OTC and then of course uplisting in the future. If you are one of those that believe that no dilution has occurred since December and the AS is not much larger than say 4 billion shares well prepare yourself, it is 2.5 times that size currently. Further all the Notes outstanding would consume the last reamining AS by December, so the share structure is terminal in it's current state.
So that leaves only two options, increase again with this pathetic volume and interest, and of course deal with the restrictive clearing available or of course RS. Now the RS has much in it's favor currently, for one it injects liquidity back into the stock, but it also may lift the DTCC suspension of the stock and allow clearing again. But that will al be contingent on a few things, possible name/symbol change.. Probably not going to happen here. Unfortunately the SEC labeled BEHL a Pump and Dump, so now FINRA which has been screening name/symbol changes more throughly the last couple of months will not likely approve that. Too many complaints lodged against the shell, and plenty of documentation showing illegal activities. If one is only reading the BEHL boards well they are missing a huge lawsuit rolling out over shares issued to BEHL insiders.
See these things tend to get regulatory people's attention more so then shareholders complaints for some reason. Because not only does the regulatory agency get active but the states in which these shells are domiciled get involved when illegal activity is being brought to the courts. That whole BNPD things seems to be biting some in the ass right now, shares are being frozen under temp suspensions by the company and of course all those involved are throwing lawsuits at each other over these shares. That is one thing that typically leads to suspensions, and BEHL and BNPD could very well be suspended soon over the whole fake "Aqcuisition" BEHL staged last year for it's attempted reverse Razzle dazzle that they could not come up with enough funds to complete buying the BNPD shell.
So things are pretty bad and will likely get worse knowing the real issues, one being the DTCC, it just really puts a squeeze on the trading and of course the impending RS. The wild card is how crazy Pawson, Fisher, Pulver and the new guy Gouger get in these lawsuits trying to push each other around over all these shares of BNPD stock. This could get real interesting at this point, because there will be suspensions put in place until the crap is cleared and one ticker will likely never appear again after that.
