Replies to post #16863 on BIH Corporation (fka BIHC)

[coaldollars]

FROM YAHOO;
Cash Divi run is worth more than buyout 30-Jun-08 06:31 pm According Jun 20, 2008 pr there are approximately 9 million shares left in the float and the restricted shares are not open market tradeable for 2 years (no mention yet on "SIGNIFICENT" restricted shares RETIRED)
On the 20th the company reported acquiring nearly 15 million shares in the open market with over 7 million of those acquired on the 19th. The pr's reveal a public float of approximately 9 million shares yet on Thursday the 19th 17,347,740 shares traded nearly twice the float on Fri the 20th 37,453,160 shares traded 4 times the float on Mon. the 23rd 82,675,670 shares more than 9 times the float traded. It goes on and shows us that since the 19th of June every trading day has exceeded the float by very large numbers at times approaching an exponential level. Either everyone of us is buying and selling our position several times daily or damnit there are more "shorts" than exists in the entire OS

That is total volume for 8 trading days of 339,315,640 or an average of 42,414,455 per day.
So as you can see the 9 million shares left in the float is turning over almost 500% each day on average. Now look surely all of us are not trading our shares at such a rate and pace especially with the T-3 rule for clearing and we would have to have revolving pools of cleared money to do so. So I am suggesting that if just 10% of us is holding or adding there would be a 33.5 million shares float held close to the vest for now. Here's where it gets very intersting. If the company "SIGNIFICANTLY" reduced the outstanding RESTRICTED shares by just 20% that would further remove 13.4 million from their holdings of 67 million restricted shares leaving 54 million restricted shares and an official 9 million share float for a total OS of 63 million our 33.5 million float for anvery conservative extrapolated number of 63 million OS with a 24.5 million "short" further suggesting here that 1/3 of our shares our NOT REAL

8 trading days of 339,315,640 or an average of 42,414,455 per day. with 9 million as the float

[Carpedeim357]

Min is what div amount ends up. IMO this will go to at least sale price. Seeing how MM don't seem this week to want to short sell on level 2 they first find sellers to fill buys says so. Going longer periods with no trades says so. Soon as they get enough sellers they then fill buys. Usually when a pink runs up they will just short sell on way up as buying volume increases. They don't worry as they all eventually retrace to cover and can take as long as they want to cover. With that cash div date it changes the play and MM's will raise price high as needed to keep volume and buying going. They will need to get people to sell first to fill the buys. That can make this run very high. Throw in people who don't buy pinks buying for cash div. This is going to be a big run IMO. I have seen some big ones since 2000 and this is ready to go on news. Right now just not many willing to sell while we wait.