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Author Topic: BFHJ
mbmurray
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39M Float

6 for 1 share dividend coming, ex-date announcement any day, new hotel and casino just purchased...

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tmanfromtexas
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Interesting. TMAN...

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In the end, trust only yourself when trading stocks.

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IWISHIHAD
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This one's been bouncing around for awhile.

I bought in several weeks ago just watching and waiting for the announcement of the share f/s.

Would like to see more information on their gambling business, but i guess i can't have everything on a penny stock.

Should make a decent move pretty soon, guess we will see.

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IWISHIHAD
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Beneficial Holdings Inc. Announces Tentative Dividend Ex-Date and Addresses Verified Short Selling Problem



"Press Release Source: Beneficial Holdings, Inc. On Monday February 22, 2010, 12:05 am EST
LAS VEGAS, NV--(Marketwire - 02/22/10) -

Beneficial Holdings, Inc. (Pinksheets:BFHJ - News), a casino and hospitality investment and management holding company, previously announced its intention to issue a share dividend of 6 shares of free trading common stock for every 1 share of unrestricted common stock that a shareholder owns (holders of restricted shares will receive restricted certificates). This means that the shareholder will have 7 shares of common stock after the dividend for every 1 share currently held.

The Company issued a resolution directing that the ex-date for the dividend will be March 5, 2010. The Company requested that the shares be prospectively distributed on March 10, 2010. However, the Company notes that these dates are tentative in nature and subject to approval by FINRA. In the event that FINRA cannot perform their review in time for the March 10 date, the distribution may be delayed; however, the ex-date probably will not be delayed. The ex-date is the date you must have settled your positions to receive the dividend. This will not be treated as an ordinary forward split, so shareholders must factor in the settlement times for the ex-date when deciding when to purchase or sell their shares. In the event that the Company is notified of any changes, it will advise shareholders promptly.

In addition, the Company received information that a large portion of the daily sales of its common stock is due to short sellers and not retail investors trying to sell their shares. This short selling action is precisely why the Company needed to issue a dividend to make our common stock more liquid. Our shareholders cannot benefit from liquidity when short sellers are manipulating the price of the securities by creating a wall.

The following information was received from FINRA's published reports.

February 19, 2010: 220600 short shares of 306612 volume (72%).
February 18, 2010: 157000 short shares of 619360 volume (25%).
February 17, 2010: 660383 short shares of 1419469 volume (47%).
February 16, 2010: 255864 short shares of 324864 volume (79%).
February 12, 2010: 6000 short shares of 34500 volume (17%).
February 11, 2010: 75000 short shares of 213000 volume (35%).
February 10, 2010: 135000 short shares of 170700 volume (79%).
February 09, 2010: 729786 short shares of 853186 volume (86%).
February 08, 2010: 105000 short shares of 132895 volume (79%).
February 04, 2010: 125000 short shares of 155400 volume (80%).

The Company believes that these short sell orders are stealing value and liquidity from our shareholders. "The Company will do whatever it takes to eliminate these trades and to make the sellers of these short positions cover their trades. It is clear from the percentages of volume that these short sellers could not logically be covering their sell orders," Alex Papic, Vice President of Beneficial Holdings, Inc., said.

ABOUT BENEFICIAL HOLDINGS INC.

Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.

The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.

This release does not constitute an offer of securities for sale. It contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences.

Contact:
Media Relations Beneficial Holdingshttp://www.beneficialholdings.info/+505-8367-3333 TelephoneEmail Contact

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rdweinert
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CCI looks oversold.
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mbmurray
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The run begins...
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Charbel
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?
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tmanfromtexas
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I wish it would do something. lol TMAN...

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mbmurray
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0.025 close today, not bad...
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IWISHIHAD
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This has been running pretty good today.
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IWISHIHAD
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LAS VEGAS, NV--(Marketwire - 03/17/10) - Beneficial Holdings, Inc. (Pinksheets:BFHJ - News), today updated shareholders as to the progress of the Company's dividend submission.

On March 17, 2010, the Financial Industry Regulatory Authority (FINRA) advised the Company of the following:

"The 7-1 stock dividend of Beneficial Holdings, Inc (BFHJ) will be announced today on our Daily List as follows:

Rate: 7 stock dividends will be mailed directly to shareholders without any further action on their part.

Declaration Date: 02/22/2010
Record Date: 03/05/2010
Payment Date: 03/18/2010
Ex Date: 03/19/2010
Due Bill Date: 03/23/2010"

The Company notes that shareholders with shares at their brokerage will receive the shares via the DTCC and their clearing house (so they should appear in the brokerage account).

ABOUT BENEFICIAL HOLDINGS INC.

Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.

The Company's authorized shares are 903,000,000 to accommodate the dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.

This release does not constitute an offer of securities for sale. It contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences.

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IWISHIHAD
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Starting to head upwards fairly fast.
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moogoo gaipan
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BFHJ "STOP SIGN" is gone from OTCMarkets.com:
http://www.otcmarkets.com/stock/bfhj/quote
Information filed:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=53604

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moogoo gaipan
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BFHJ Last 0.0016 +0.0004 (+33.33%)
Bid 0.0015 Ask 0.0016
Low 0.0014 High 0.0017
Last Trade Time 12:06
15,593,640
.

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moogoo gaipan
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New Rules In Nicaragua:Legalize Casinos or Disappear.

Casinos and gaming halls under new rules

The casinos and gambling halls were yesterday under new legislation, which lawmakers approved in general and is expected to continue today in particular.

The Special Act for the control and regulation of casinos and gaming rooms in this sector will under the control of the Nicaraguan Institute of Tourism (Intur) and imposed several economic standards.

The law, passed by 65 votes to none against, three abstentions and 12 lawmakers who were present (and add to the majority itself), ranks the casinos and gaming rooms in four categories.

FOUR KINDS OF CASINOS

The class casinos, considered the highest standard, have at least 71 slot machines and three table games. The business must have a checking account and a $ 100,000 bank guarantee bond of $ 50.000.

The casinos Class B are those who are between 25 and 70 slot machines. The current account will rise to $ 50.000 and the bond will reach $ 40.000.

INVESTMENT FOR $ 200 MIL

Owners of Class A and B casinos will also be required to invest $ 200 000 and earned at least 30 direct jobs to open the business.

In the case of C class casinos, the requirements will be between 16 and 24 slot machines, a checking account by $ 25.000 and $ 20.000 bank deposit.

Finally, class D casinos are those with between 10 and 15 slot machines. The current account and the bank security for these businesses will be at least $ 10.000.

CONTROL IS THE GOAL

The chairman of the Committee on Production, Economics and Budget, the Sandinista Wálmaro Gutierrez said the purpose of the Act is to regulate this business.

Gutierrez said today in Nicaragua, the casino industry operates like a mirage, as they are officially recorded 120 of those businesses and generate 80 million annual córdobas.

SE legalize DISAPPEAR

The lawmaker stressed that the law will be required to legalize casinos or disappear.

"There is a proliferation of irresponsible venues and sites that are not even game rooms where there are slot machines, such as pharmacies, restaurants, nightclubs, bars, any type of establishment", criticized Gutierrez.

The law states that casinos can not allow the entry of children under 18 years and that the Department of Casinos and Gaming Venues, attached to Intur, will be the regulator of the industry business.

"This bill does not create new taxes on the tourism industry and casinos, for that is the fiscal equity law, here we are establishing rights," Gutierrez said yesterday, defending the adoption of the law.

TARIFFS

The law, however, set different tariffs as the "application form" to open a casino, at a cost of $ 2.000.

Operating licenses, "says the law" shall be valid for 20 years and may be renewed.

Each slot machine will pay $ 20 and the gaming tables will be the sum of $ 100. Both year.

CHALLENGE PROCEDURE

The casino bill came to parliament in 2002. But the bank chiefs agreed yesterday to discuss a different project, arguing that the original draft had "details" that needed to be improved.

Members Monica Baltodano and Eliseo Hernández Núñez criticized the process and agreed that there are hidden groups seeking benefits with the approval of the initiative.

"CAMPAIGN FINANCE?

"I know that casinos are a source of financing of election campaigns, not only here but in other parts of the world, what is behind this haste? Allow me to doubt and thus allow me to abstain from the process of adoption of this law, "said Baltodano in plenary.

According to Hernández Núñez, the new law will allow only the big hotels and high economic groups may be part of the casino industry and gaming tables.

The law prohibits participating as a partner, manager, director, agent or employee to universal suffrage, elected officials, ministers, deputy ministers, secretaries and directors of autonomous or decentralized.


http://translate.google.com/translate?hl=en&sl=es&u=http://www.laprensa.com.ni/2 011/05/25/nacionales/61515/imprimir&ei=Dpz4TaDzAcfBhAec6_3_Cw&sa=X&oi=translate& ct=result&resnum=1&sqi=2&ved=0CBsQ7gEwAA&prev=/search%3Fq%3Dhttp://www.laprensa. com.ni/2011/05/25/nacionales/61515/imprimir%26hl%3Den%26biw%3D1280%26bih%3D862%2 6prmd%3Divns

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