Currently BHGI is showing limited assets and cash. With that being in agreement, how does one think BHGI is acquiring $35m in real estate and companies currently generating $4.7 million in income?
One thing apparently that isn't understood is when a company states $35m value in assets, that's a NET value. They own the property. The land is an ASSET, NOT DEBT. There are no payments. BDO International is currently auditing these assets and the audits will be filed for all of us to read.
To answer the first question, the company acquires assets and acquires other companies with shares. Where do the shares come from? The shares some are calling toxic notes.
Fyi, Toxic notes are shares used for collateral on a loan. When the loan comes due, often the notes are converted to shares. BHGI has no loans or toxic notes. Period. End of discussion
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