Replies to post #649 on BIH Corporation (fka BIHC)

[Anonymous Nobody]

I am sure that, like most companies, there are preferred shares as well which makes it unnecessary to have a large holding of restricted common.

There were 2,000,000 preferreds in 2004 according to Nevada SOS. I don't see anything changing that. I see the changes to the common to reflect the 40,000,000 shares authorized, up from 30,000,000.

I don't know if it harms Mr. Galo financially to reduce his restricted shares whereas the restricted shares can be sold to other people later in private transactions implicating Rule 144. So it would benefit him to establish liquidity and to get the stock rolling.

If the company just goes on a downward spiral after the dividend, it'll be like a horse that doesn't leave the gate. I don't think they're that stupid.