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FloridaFH

08/10/12 7:38 AM

#18688 RE: mongotrader #18687

If that is true about them having access to all this money, re: your market cap statement, then.... Why have they not simply written a check (they rightly owe the money they tried to skip out on) so they'd be done with it, $75,000 with the assets you see would be “chicken feed”?

If they were an honest company, corporate management would have paid the employees what was due and FOR SURE they would have paid the taxes (what corporation does not know that they have to pay taxes, ON TIME).

BH, under his tenure, with a past company, left hundreds of thousands of unpaid payroll taxes! This CEO knows about paying employees and knows about paying taxes because he has been taken to court for this before with past companies. This is another example of a repeat.

Simply Google Washington state court records for this CEO. Like the PPS, this is where the facts actually are not wishful rethoric expressed as fact here!!

Of real interest though is why, if they have access to all this money are the financials still, at this very late date, UNAUDITED???

The answer is easy to us that have had dealings with BH companies since 2005, there is no money!

What you say seems right but not for this CEO nor this company. The truly amazing thing is that this has not sunk below .05 and has been holding at .05.

Everyone get ready for a bath!

Porgie Tirebiter

08/10/12 8:58 AM

#18689 RE: mongotrader #18687

Yeah right. As I recall, it was customary to pay employees and payroll taxes well before Obama came along.

Market Cap. is a forward looking number. Now that the company is going to have to pay these "unfriendly to business" expenses as well as pay to be audited "at the defendants expense", sophisticated investors might want to consider the impact on the bottom line. Because sophisticated investors know that the market will, over time, put that Market Cap. number where it belongs.