Originally Posted by
GoHerdGreg
ATM--
The *best* I can understand the BEHL situation (and I am still in it, have been since .005s) is that the merger will work like this:
1. You get 1 share in the new company (I'll make up a ticker, say BGSI...not real) for every 10 shares you now own in what is BEHL. My 100,000 BEHL become 10,000 in BGSI.
2. You get to keep your original 100,000 in BEHL. It will become a clean "shell" that another company can move into and go public very quickly and easily. Happens all the time. Those original 100,000 shares will be worth little, initially. However, depending on what company moves into the shell (and there is word that Dennis Fisher, CEO of BEHL, is going to have a company all ready to move into it when the merger occurs), then those share could be worth something. It's free money, if you've got the time and patience to see the process through.
I do, and am excited to see what happens.
This is all my understanding from weeding through the crap posts on The Shrub, trying to get the good stuff.