Replies to post #71384 on Beneficial Holdings Inc (BFHJ)

[jaimerodriques]

This is a good & legitimate question, BS, for the which I don't have the answer. So, I most certainly do hope that one of our more informed investors, who might also be on this forum, will be SO kind as to attempt the answer to that question, and also, that the answer that they give, hopefully, will tend to allay any fears and concerns that any of us might have along those lines, for it most certainly can be a VERY serious & real matter of concern, indeed! GLTU & GO BFHJ! Jaime

[wplong89]

The A/S increase was for
"MANAGUA, NICARAGUA, Jan 11, 2012 (MARKETWIRE via COMTEX) -- Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), which manages the sportsbook.cr and bet.cr by Beneficial live dealer casinos and sportsbooks, a hotel, and gaming parlors in Nicaragua, today announced that it entered into a purchase agreement to buy an oceanfront property in El Transito, Nicaragua.

The property will be developed as a boutique hotel with fourteen rooms including a separate onsite building as a slot parlor.

The purchase will be an all stock transaction with the seller receiving 400,000,000 restricted shares at closing and an additional 400,000,000 shares upon the start of construction. The closing is scheduled to occur in March of 2012 so the company may complete all due diligence and a title search of the property. The value of this transaction will be $640,000.00."

Then they turned around and sold the rights to El Transito as part of, "The Company closed on its sale of its non-gaming properties on February 14, 2012. The final
value of the package was US$3,282,000 for Beneficial Holdings" February 14, 2012.
Essentially turned the shares in for a cash value way higher than the current PPS.