Beneficial Holdings Inc (BFHJ)

[TreasureCoasting]

After catching up on IHUB posts allow me to ramble a little. All indications are that BFHJ has distanced themselves from sportsbook.cr . I'm scratching my head wondering what was transacted. Did they sell? Did they divest? Did they default? Did they spin off a subsidiary?

An informed poster last week mentioned that "Grupo" and "Recreaciones" Beneficial are the registered owners of the website. (Nice dd.) Who owns these guys anyway? Ideas?

Now, I recall a little history (over a year ago). The $47 MM line of credit was provided by these same two entities and in the event of default they would benefit by ownership of shares. Sorry I can't readily put my hands on the source. Maybe I dreamed it.

Right from the "Contact" page of Sportsbook.cr: "Please note that we are no longer affiliated with Beneficial Holdings Inc. (OTC: BFHJ). We remain affiliated with Grupo Beneficial S.A. and Recreaciones Beneficial S.A." (Huh?)

So what was transacted? I'm still looking for this piece of the jigsaw puzzle.