Beneficial Holdings Inc (BFHJ)

[TreasureCoasting]

Recap: It was clear to me that BFHJ was a rare value play based on exponential earnings growth in 2011 and a strong balance sheet. That's why I'm still here and looking in now and then.

BFHJ may have gone dark but this not necessarily negative - just a void of updated information.

Recapping 2012:

04/16/2012: BFHJ names Gregory Senkevitch President " … create a rock solid company that will be poised for growth, in terms of future assets and earnings with significant benefits to investors. " http://ih.advfn.com/p.php?pid=nmona&article=52024135

04/19/2012: Initial Determinations (potential acquisitions of clean energy, no r/s, etc.) http://ih.advfn.com/p.php?pid=nmona&article=52073185

04/25/2012: Completed reporting of 2011 Financials (unaudited):
Net Income (Sales less expenses):
Qtr - Sales - Net Income
3/31/2011 - 489,656 - 52,812
6/30/2011 - 623,589 - 76,353
9/30/2011 - 717,127 - 116,449
12/31/2011 - 913,420 - 215,027
2011 Total - 2,743,792 - 460,641
Reported net assets > 1.5 MM.
http://www.otcmarkets.com/stock/BFHJ/filings

4/25/2012: BFHJ Casino and Gaming MOU and Advisor: http://ih.advfn.com/p.php?pid=nmona&article=52142253

05/30/2012: Azteca Spirit Corp. Announces Agreement with BFHJ http://ih.advfn.com/p.php?pid=nmona&article=52600673

08/14/2012: Goal to be Fully Reporting:
http://www.otcmarkets.com/stock/BFHJ/news

11/15/2012: I expected an update.

I think we're still ringing the register on www.bet.cr and www.sportsbook.cr in about 19 countries although Nevada online gaming is questionable. (Interesting ZNGA action in this arena today.) Also the 04/25 PR confirmed our gaming commitment. So I think we're still into gaming but welcome your thoughts.

Di4 recently pointed out that our market cap, if we were to assume that all 4.6B shares have been issued an outstanding would be only $460,000 which is roughly equal to total net income in 2011 and less than one-third of the last reported net assets. (I'm holding ... and actually added some this week after a little profit taking elsewhere.)

So many unanswered questions - just revisiting the easy stuff - thanks for your indulgence.