You may find this interesting - BHWF CEO resigned his BOD position with Hemiwedge - On May 8, 2009, Steven B. Erickson, Francis Marshik and Francis Jungers resigned as directors from our Board of Directors.
He has cleaned up BHWF and then resigns from his BOD position at a different company. I wouldn't be surprised to see BHWF reverse merge with a company very soon. I think Marshik's plan all along was to clean this up and RM. He may be ready to RM this over to others....
Here are some positives for BHWF -
During the quarter ended March 31, 2009, the Company had no stock based consulting expense as determined under FASB 123R
ie - no dilution
Operating loss. We incurred an operating loss of $23,637 for the three months ended March 31, 2009, compared to a net loss of $258,907 for the three months ended March 31, 2008.
In February 2009, we disposed of two properties in connection with settlement agreements under which the transferees assumed certain notes associated with such properties in connection with the disposition. Accordingly, as a result of these transactions, we realized a gain on the disposition of assets equal to $1,015,178.
ie - no more stockholders deficit.
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