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Hey some one else found this and It looks interesting...made a post to draw attention and to posibly get some hands on deck worken on it.
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Thanks, Neo! I wasn't sure if BVHJ was worthy of its own thread, and since I'm kinda new here I didn't want to presume to start one. But with you on the case, I know we'll find something out about this thing, for better or worse. Looking for "entertainment" stocks is fun! I've been doing it all afternoon, and this one looks the most promising but also the most confusing. Another is URBT, Urban Television. Still trying to dig something notable up on them, though. (URBT also near 52 week low, and volume up from average.) Cheers.
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no prob... I havent done any research on it yet. I saw your other post where you said you were drooling ... i would say hold off till you know whats up.... there are many people here experienced at dd and I m sure someone will dig up the scoop on this.
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This PR actually sounds very good, however as far as a short to mid term trade goes the recent one for one hundred reverse split means alot of people are selling and disgruntled. I would wait on this one.... keep it on the list, but nothing here in the short term.
Beverly Hills Film Studios Inc. Expects Strong Release for Feature Film; Thanksgiving 2004 is Target Date for 'FORGET ABOUT IT' 3/30/2004 12:27:00 PM
LOS ANGELES, Mar 30, 2004 (BUSINESS WIRE) -- Beverly Hills Film Studios Inc. (NQB:BVHJ) management announced today that post production is now underway after completion of principal photography on the comedy feature film "FORGET ABOUT IT."
The film stars Academy Award nominees Burt Reynolds and Charles Durning, joined by Raquel Welch, Robert Loggia, Phyllis Diller, JoAnna Pacula and Richard Grieco. In the vein of "GRUMPY OLD MEN" that made over $200 million worldwide, "FORGET ABOUT IT" is expected to generate comparable numbers at the box office with an anticipated Thanksgiving 2004 release.
Beverly Hills Film Studios is currently prepping their next production on "SEE YOU NEXT TUESDAY." Casting is underway and producer/director BJ Davis will venture into his second comedy venue on this hilarious action adventure about two outlandish characters who live from unemployment check to unemployment check. Mischievous mayhem reigns in this modern day cinematic adventure.
The company's feature film division is preparing "THE LION SLEEPS TONIGHT" and, from the television and video branch of Beverly Hills Film Studios, "MICHAEL PALOMA AND THE NEW YORK BLUES" for direct-to-video sales. "TEXAS RANGERS - The Untold Stories" is being prepped for syndicated television, and is based on true stories of America's oldest law enforcement agency.
About Beverly Hills Film Studios: Beverly Hills Film Studios personnel have over 75 years of experience in the entertainment industry. Headed by president, BJ Davis, Beverly Hills Film Studios has several original projects under current development. Davis is a member of the Directors Guild of America, and over the past 25 years has worked with numerous Academy Award winning film directors including Oliver Stone and Clint Eastwood, as well as major box office star talent such as Tommy Lee Jones, Tom Hanks, Charlie Sheen, Nicholas Cage and Jack Nicholson.
Safe Harbor Statement: Certain statements contained in this press release are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) and information relating to the company that is based on the beliefs of the management of the company, as well as assumptions made by and information currently available to the management of the company.
SOURCE: Beverly Hills Film Studios Inc. Beverly Hills Film Studios Inc., Los Angeles Ed Anders, 310-289-7144 E-mail: BevHlsFilmStudio@aol.com
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Companies who are prospering issue forward splits as the demand for their stock is increasing. Companies that are incapable of amassing share holders issue reverse splits. A recent lesson in the effects of a reverse split is AFRT or AFRR.
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Yeah, I noticed the volume lower than my comfort zone, although on Friday it was in the neighborhood of TIGR, CLSI, ADVK, and higher than ADPR, all stocks that others here seem to trade in. I didn't check historical volume, though. Need a good resource for looking that up. My free Yahoo charts disappoints me sometimes in that area. LOL.
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did some math on this one and it looks like this went from 2.60 after split to .16-.15 and get this the total shares traded after the split at least on the open market were 3 million. Thats not that many share to drop a stock value like this. There are no filing that i could find, but it is PINK Sheets so they could be issueing prefered shares or restricted shares without them showing on the open market. Someone should call this CEO and see whats up with the O/S numbers before many here bet the farm on this one! big PRs out but no financials worries me.
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Reverse split A stock split which reduces the number of outstanding shares and increases the per-share price proportionately. This is usually an attempt by a company to disguise a falling stock price, since the actual market capitalization of the stock does not change at all. For example, if a company declares a one-for-ten reverese split, then a person who previously held 20 shares valued by the market at $1 each will then have 2 shares worth $10 each. Many stock exchanges in the U.S. do not allow companies with a stock price of less than $1 to remain listed, and many such companies then have to undertake reverse splits if they want to remain listed.
this is what i dont understand because it seems to me that the price per share should go up when the rs happens. and if it were at 30 when it happened then it would go to 3000 a share wich is rediculous...but if it were falling before the rs it would raise it back up....today it is at .16 if the rs were done yesterday that would have ment the price was .0016 per share.... now for this thing to go from a place where it is at 30 a share to end up in a place where every share has the value of a hundred and still be trading for 10 cents, this is scary. am i seeing this rite or what...
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Yeah, I'm totally confused by this one, especially the moves right ofter the r/s. If this was just another no-name wannabe entertainment company, I would have walked away already. But look at the name actors they have attached, and most of them doing repeat business with this company on multiple movies and tv shows, which leads me to *speculate* they might have a vested interest? And also not want to get their names caught up in some stock scandal...too much to lose for established hollywood stars. Just thinking out loud. So I want to know more. While I'm not salivating like I said earlier, I'll be watching this one for movement. Maybe get in just before the Holidays when movies traditionally start to come out? And I didn't see any premiere dates for their tv shows...anyone hear any? Medal of Honor? With the political scene today, the market couldn't be any more ripe, if the show is any good. Worth keeping an eye on, with r/s concerns or not.
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Who could or would sell at these levels if they were in this pre split. Based on my calculation $10,000 is now worth $50. (.32 then a 100 to 1 reverse = $32 then back down to .16). I got my numbers based on the extremely p'd off investors on RB as well as yahoo historical prices. After the split the stock closed at $26 the next day (not a horrible loss) but the next day it fell to $1.98 and you know the rest of the story. It's horrible that investors could loose so much in two days for no reason at all. But maybe there's still money to be made???
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That's a good point, Imnotrichyet. And if that means that there is some built in "support" at higher levels from shareholders who dare not sell unless it runs up again, then, are there also fewer potential profit-takers along the drive up, if there is one? Wish we knew the OS history on this thing. How much "dead money" is locked in at the higher prices. Stuff like that. I feel bad about those prior shareholders, but on the other hand, what if they are the likes of Burt Reynolds? Hell, he's made his money, suddenly I don't feel SO bad. And what better favor to do them than being part of the drive back up? So we take a little out along the way? Just big talk on my part, for now, though. I'll wait and see if others take the plunge. New traders like me should keep their eyes open and their impulses in check. Learned that on PAVP.
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I think I am as lost as anyone on this stock but I am not seeing a bottom until around $.03-$.05. And then still not sure if it will turn around. Well I am new and just throwing in my two cents. This one might just have to many unanswerable questions to put my money in. Let me know if one of you are planing to make the dive into this and at what price you will.
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down 30%today at all time low... has an 52 week high of 180 dollars.... this deserves more attention condidering they have movies and shows comeing out and there was not much of a reason that we have found as to why this thing tanked...with the exception of the reverse split... but i mean wow this thing sank.... there has to be more to this puzzle cause it looks liek a very profitable company.. help me out
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It has lost half its value since the symbol change...It traded as BVFJ last on 3/19/04 @ .20 . I could not find any old news under this symbol, but I haven't looked hard either. I can see no reason, save the R/S, that this should be so depressed. I might buy a little now, and if it drops to .05 average down. I'll keep looking though.
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Yeah i saw the 2 articles on the slit and about future stuff... and I also have not been able to find anything prior to split i just wrote email to ceo and ill see what he says... the symbol change was only the end of last month,, there should be more info on it somewhere
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I like this from their February 13th PR: "Producer/Director BJ Davis is helming this commercial, comedy adventure with an anticipated Cannes Film Festival 2004 release preview for audiences worldwide. "
Cannes starts May 12, according to their festival website. If BVHJ just finished shooting March 30th, according to their recent PR, then that's a tight squeeze to have something to show at Cannes. That's less than 6 weeks in between. Unless there's a "works in progress" category at Cannes, I don't expect this film to appear there, just IMO. But if it DID, that's not long from now to wait for possible big news, with all the early press and reviews (and pre-sales) Cannes could generate. If MM wanted to walk this down before that possible press winfall, now would be a good time. So, could that be what's going on here? I'm asking opinions, not telling. I don't know.
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Still seems pretty sideways overall. I'm just gonna watch this one for a while and see if it perks up or settles down any further the next couple weeks. I haven't watched it in real time lately, so if there was any fun, I missed it.
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If the bid follows the ask closely enough I would agree, but the one day I think I did watch it live last week for a short time I think it was a little dicey on the spread. Plus the volume scared me. I'm still too new and I've never day-traded successfully except on a runaway train like MDDM the day it took off, when even chasing it I made out like a bandit because of the high volume and momentum it had. But I don't have any low-volume trading chops yet. Neo you seem like you've been trading more confidently and longer than me, so don't let my cowardice influence you. If you do complete a successful day trade on this, please come back and tell me "c'mon in the water's fine", LOL. But I'm just not confident at this volume and with the slow-motion bid/ask spread. But if I get in soon I think it would be on the basis of past performance and their movie coming out, for a longer term hold till Thanksgiving. Now that I've said that, watch them get a write-up at Cannes and it skyrockets early and I missed the boat. ROFLMAO! Cheers.
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I have not relly been able to find anything on this and thats one thing that has stoped me from getting in to it.... i agree that it seems to have potential for when that movie comes out and i also agree that the volume is way low i had not looked at it to close. I am hoping by listing it here we will hear from some one who was in this one before the revese split and maybe they got the scoop...
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The most of OB companies survive by selling more shares to you. If one stock has too much shares already, it may have difficulty to sell more continuelly. Then the CEO wisely take reverse split to reduce the available shares. But you should also notice that the authorized shares which will sell to you are not reversed or reduced. For example, X company has 100K outstanding shares at 1C, and 100K authorized shares. After 100 to 1 reverse split, it may becomes 1K outstanding at $1. Then the company wants to sell its 100K authorized shares at $1 to you. So the reverse split in OB is normally not good.
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