glowing recommendations from "industry leaders and giants" about BRHI's purchase of Shafi are very nice but mean nothing without increased revenues.
the real concern is that Shafi with its quality customer base and good technology is bought for literally "peanuts" by BRHI bodes poorly for BRHI! What is then the real value of our stock? Cannot be much with no significant revenues or profit? Can we even justify a value of $1 for the stock with resultant valuation of company greater than 63M with its current finances? Betting on the future becomes more risky in this economic environment and what is best case senario for projections 1yr-3yr-5yr?
the next fear is the one already expressed on this message board is that management particularly RW and select investors are accumulating large positions at heavy discounts and resulting in significant dilution of shares; I have never been worried about dilution if it strengthened a stock or made it more viable; however I am not sure that is happening in this instance; It also makes a possible buy-out of long term investors at a very low price ( as mentioned less than a dollar) a possibility with those investors acutually losing $$$ and the time use of money while those new to the company make a considerable profit for a small investment and short time use of their capital.
obviously, this is conjecture only but I would like management to address future prospects of company and their intentions and give adequate explanation or rationalization for this tremendous dilution and accumulation of stock at these terribly low prices;there appear to be too many rewards and incentives of stocks and warrants for actions that are not noticeably resulting in a better balance sheet. Why does management reward itself for moving the company from Vancouver to Washington area?
I guess one explanation for their action is that it may impossible to raise capital in this depressed economy where there is no liquidity and our prospects have been hurt tremendously by the downturn and the "hold" on expenditures even though the return to the company may be significant by the decrease in the labor force and benefits paid to them
