Beneficial Holdings Inc (BFHJ)

[Old Tymer]

Sherlock Stocks, you're getting ahead of yourself...

Here's the exact language from that report:

"The Company closed on its sale of its non-gaming properties on February 14, 2012. The final value of the package was US$3,282,000 for Beneficial Holdings".

Notice it says "The final value..." It does not say they have actually received the cash and the money is in the bank. With these stocks, that is a HUGE difference. Until I see that $3,282,000 in an official, audited report, then you can not assume they have received any of that money. That was the value of the sale. Why didn't they also say that BFHJ has received the proceeds from that sale? Everyone else does. Why not them?

And if they had received all that money and it was in their bank account, then why did Greg leave so much confusion regarding dealing with the large number of shares out there? If they actually had $3,282,000 cash in the bank, don't you think he could have announced immediately that they would start buying shares back from the proceeds of that sale. He didn't. Why not?
Everything is done for a reason. What is his reason?

The next thing you need to verify is the money. Where is it? In fact, why don't you send an email to Greg and ask him where the money is? If it's in their bank account, then why not announce the immediate buyback of all those shares BFHJ dumped on the heads of their shareholders? See what his reponse is.