BFHJ Highlights - Feel free to add to it or repost if you want to. Thank you to all contributors... these are copied from various posters on the BFHJ board and put in 1 post. I can't take credit for all the due here myself. Thank you everyone!
BFHJ Valuations .0016 to .0038
Fully diluted to 3.1 billion a/s value is .0016
Diluted value at 2.1 billion O/S = .0023
Restricted shares are at least 933,715,349
BASED ON: They have 2.4 million cash and assets on last Q with another 3.2 million for hotel/casino sale in Feb 2012, which will reflect on future Q's
Biggest volume trading days in history this last week of march
New Q Due
Not a reverse split offender - actually had 2 forward splits
No toxic funding or convertibles that I can see from any filings
the company still owns - A Bar and Casino in Managua - A Slot Parlor in Masaya, Nicaragua - A Joint Venture in Ticuantepe, Nicaragua - www.sportsbook.cr Online Live Dealer Casino - www.bet.cr Online Live Dealer Casino
This month PR'd Applying for Nevada Intrastate Gaming License
Mar 19, 2012 Beneficial Holdings, Inc. to Apply for Nevada Intrastate Gaming License Feb 22, 2012 Beneficial Holdings, Inc. Affiliates to Apply for New Nicaragua Gaming License Jan 27, 2012 Beneficial Holdings Starts Search for a United States-Based Gaming Executive Jan 26, 2012 Beneficial Holdings Inc. to Divest Non-Gaming Assets Jan 11, 2012 Beneficial Holdings, Inc. Enters Purchase Agreement for Oceanfront Land in El Transito, Nicaragua
The Company is in negotiations with several consultants who work with Nevada licensed casinos to finalize a joint venture agreement.
The Company believes that opportunities will be available for it on an intrastate level, state by state, as regulations are issued. As such, the Company will focus its energy domestically during this year.
Through its Nicaraguan subsidiary, Grupo Beneficial, will apply for a new 20 year gaming license. Under the new program, INTUR will be granting 20 year licenses. The licenses will enable Beneficial affiliates to acquire locations throughout Nicaragua.
This will allow for rapid growth and additional locations in the second and third quarter of 2012.
Currently, neither officer is taking anything other than a nominal salary. This is because their current goal is to aid the Company’s expansion. Ms. Navarro only accepts a $200.00 monthly expense reimbursement while Mr. Estrada is only reimbursed for actual expenses relating to Company business. Neither of the officers or directors beneficially owns the Company’s securities, although their compensation agreements provide that they may purchase certain stock in the event they bring the Company to sales about $19,000,000.00 per year with at least 20% of sales resulting in profit within three years. In that event, the officers could purchase, at $.12 per common share, up to 8 percent of the Company’s common stock. In addition, they could purchase up to 3.9% of the preferred stock in exchange for $350,000.00 pro-rated depending on the percentage they wish to own.
for you new holders.....
Quarter 1 (2011)
Gross sales for January, February, March = $489,656.00 ($163,218 per month)
$163,218 x 12 months = $1,958,616 annual gross sales based off of 1st quarter
Quarter 2 (2011)
Gross sales for April, May, June = $623,589.00 ($207,863.00 per month)
$207,863 x 12 months = $2,494,356.00 annual gross sales based off of 2nd quarter
Quarter 3 (2011)
Gross sales for July, August, September = $717,127.35 ($239,042.45 per month) (Over 1/4 of a million dollars per month)
$239,042.45 x 12 months = $2,868,509.40 annual gross sales based off of 3rd quarter
Quarter 4 (2011) (ESTIMATION BASED ON WHAT WE'VE SEEN SO FAR THIS YEAR)
Gross sales for October, November, December = ±$850,000.00 ($283,333.00 per month)
$283,333.00 x 12 months = $3,399,996.00 annual gross sales (ESTIMATION)
IT'S GROWING
Remember their goals per disclosure:
"Neither of the officers or directors beneficially owns the Company’s securities, although their compensation agreements provide that they may purchase certain stock in the event they bring the Company to sales about $19,000,000.00 per year with at least 20% of sales resulting in profit within three years."
OTHER SIGNS OF GROWTH:
1. Added expenditures in "Office rent & Utilities" 2. Added expenditures in "Telephone service" 3. Added expenditures in "Salaries & wages" 4. Added expenditures in "Advertising"
Line of Credit:
1. Grows from $120,000 to $607,662.80 then gets paid down to $370,498.79 (money for new kiosks ?)
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