Replies to post #20090 on BIH Corporation (fka BIHC)

[turbosig]

There must be a reason for it, and in my opinion, it can't be good for anybody but the insiders.

Suppose that BIHC was able to buy back ALL their shares, in which case they would pay NO DIVIDEND to public common shareholders, because the public float would be ZERO.

In this case the shareholders (all insiders) get paid the dividend, the pps rises significantly and all of us holding stock either get a divy paid by the MM or they have to cover like crazy.

That sound like a good deal for the insiders

-Turbo

[Carpedeim357]

With no assets, how could this outfit buy any going concern?

Well they clearly did buy Baron as Galo said. Seeing former owner is now working for BIHC as well.

So we might not know how but we do know they own Baron. If not sure call Baron and ask Mr Ingala how they bought Baron from him.

You are right all these pinks are gambles. The only difference here is at least we can see all the PR they out out on Baron came true. Plus very impressive client list for Baron and past d & B shows they made money. Private companies around 26 years make money.

There is a lo that makes this pay good odds for big gain other pinks do not have. Even a target price based on buyout and div.

[turbosig]

From a August '07 PR regarding PRSU

"2) Regarding the ownership and management of the company, the current President & CEO and majority shareholder is Mr. Cris Galo and he holds 24,858,463 of restricted shares, with a restriction legend of 2 years. Regarding Mr. Edward Hayter he neither owns or controls any stock in the company and has no position in the management of the company."

Is someone suggesting he NOW has an interest in BIHC? I'm quite sure that isn't an issue anymore.