Replies to post #13008 on BIH Corporation (fka BIHC)

[turbosig]

True, but it was also stated that the company wasn't really after BIH only the Baron international holding, so my guess is instead of acquiring all the common shares and the hassle of owning a company you don't want, why not just offer to purchase the asset you were after for the same price. This actually makes sense because the asset is probably worth more alone (without the baggage of an empty shell - remember BIH is just a holding company). In fact, probably worth more since unless you own > 51%. you still don't have control, just a pain in the arse.

So in conclusion if the deal does go through (who knows - who ever said don't be the barn was RIGHT ON) then BIH still has the same number of shares, they just get a cash per share equivelent which some will be paid to the share holders as a dividend on per share equivelent

-Turbo

[slazenger7]

So would that mean that shareholders will have a choice to either hold their shares and receive the .07 to .09 cents dividend per share plus retain the shares, or sell their shares to the Private Investor at .19 to .23 cents per share?

[tonysib]

Well ok. thats what I think. Do as you please.

[zambia123]

be for real that's how it started out but they sold only a asset.

[zambia123]

WEST ORANGE, NJ announced today that its Board of Directors, through the advice of its attorneys, has agreed to sell its subsidiary Baron International.