OT: BLDH
I would be careful with this if are planning to buy in at this point. It is a Nevada registered company with unproven technology claims. Here is the problem: Nevada allows the BOD and majority shareholders to structure and issue shares in pretty much any way they see fit. As a microcap, under $25 million market cap, it comes under seperate SEC regulations, oversight and filing requirements. Smallcap requirements kick in after $25 million cap.
According to the last Q report
Class Outstanding as of September 30, 2005
------ ------------------------------------
Common Stock, $0.0001 11,550,015
the current cap should be in the $15 million range. The upper sp boundary for microcap is about $2.10. Since reporting and share release is so lax, I would think that dumping is possible beginning at the current sp, and definitely by $2.
Inductively, a small position at current prices and hold off adding to your position until it breaks the 2.15 sp. That price is the test price for BLDH for legitimizing corporate intentions as a Nevada based microcap. IMO
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