brooklyn137
10 months ago
About two years ago BFNH and ELGL signed a MOU for BFNH to acquire the assets of ELGL for stock. No details on the amount of stock were provided. There have been no details since, but the companies now have the same management and BOD. So it seems the deal is still on. The announcement that there would be no reverse split was the first publicly announced verification that the deal is still on. It also possible indicates that the deal is close to closing, but what close means is up for debate.
Also, this announcement referred to the deal as a merger, the first time as I recall that it's been called a merger instead of an acquisition of assets. This is a technical distinction that may make no difference as to it's effect on us, but it is something to be noted.
As to the distinction: see https://www.genesislawfirm.com/asset-acquisition-stock-purchase-and-merger-structures#:~:text=Asset%20Acquisition%3A%20the%20buyer%20buys,combines%EF%BF%BD%20with%20the%20business.
needsomestock
2 years ago
Only posting because I see some message board life...........which surprised me so many of the old holders are still here and watching. Has it really been 10+ years now?? Wow - time flies - still own a few hundred K of ELGL, but cannot buy it.
Haven't been keeping up on BFNH or ELGL boards in a long time..............now this is BFNH board, but I really reference ELGL - because ELGL is the one that "supposedly" has the value.......
I did notice some ELGL shares trade at 5 cents a while back. Still see a 0.0105 / 0019 bid/ask for ELGL (but last 0.0001 - which means I show $0 in my account, just like the rest of you)...........no idea what is accurate anymore.
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Just as a side note, I saw Merle sold BRVO pubco stock for $600k - I guess going rate of pubco these days is $600k.
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Old Post on why we even look here here
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Re: post# 24257 0
Post #24258 of 24275
(Excerpt from old post)
The people associated with ELGL, would they do improper things with ELGL? Why would anyone jeopardize a lifetime of success and not represent the value of Element:
- John LaViolette
- Sasha Shapiro
- Steve Gagnon
- Gary Lewis
- Merle Ferguson
What's new? People, mining, money, studios, website
ELGL People
https://finance.yahoo.com/news/bravo-multinational-inc-appoints-four-133000430.html
ELGL People added to Board of Directors
https://finance.yahoo.com/news/bravo-multinational-inc-elects-three-133000857.html
The People
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156983990
Mining
https://www.globenewswire.com/news-release/2019/08/22/1905593/0/en/Element-Global-Inc-s-ELGL-Subsidiary-Element-Global-Mining-Enterprises-Announces-Strategic-Plan.html
The Money
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152952185
This video is so good, media.
https://vimeo.com/444720424/5a4bcd908b
New Website
www.element-mediagroup.com/index.html
Original Website
www.elementglobal.com
needsomestock
2 years ago
Only posting because I see some message board life...........which surprised me so many of the old holders are still here and watching. Has it really been 10+ years now?? Wow - time flies - still own a few hundred K of ELGL, but cannot buy it.
Haven't been keeping up on BFNH or ELGL boards in a long time..............now this is BFNH board, but I really reference ELGL - because ELGL is the one that "supposedly" has the value.......
I did notice some ELGL shares trade at 5 cents a while back. Still see a 0.0105 / 0019 bid/ask for ELGL (but last 0.0001 - which means I show $0 in my account, just like the rest of you)...........no idea what is accurate anymore.
===============================================
Just as a side note, I saw Merle sold BRVO pubco stock for $600k - I guess going rate of pubco these days is $600k.
================================================
Old Post on why we even look here here
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Re: post# 24257 0
Post #24258 of 24275
(Excerpt from old post)
The people associated with ELGL, would they do improper things with ELGL? Why would anyone jeopardize a lifetime of success and not represent the value of Element:
- John LaViolette
- Sasha Shapiro
- Steve Gagnon
- Gary Lewis
- Merle Ferguson
What's new? People, mining, money, studios, website
ELGL People
https://finance.yahoo.com/news/bravo-multinational-inc-appoints-four-133000430.html
ELGL People added to Board of Directors
https://finance.yahoo.com/news/bravo-multinational-inc-elects-three-133000857.html
The People
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156983990
Mining
https://www.globenewswire.com/news-release/2019/08/22/1905593/0/en/Element-Global-Inc-s-ELGL-Subsidiary-Element-Global-Mining-Enterprises-Announces-Strategic-Plan.html
The Money
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152952185
This video is so good, media.
https://vimeo.com/444720424/5a4bcd908b
New Website
www.element-mediagroup.com/index.html
Original Website
www.elementglobal.com
brooklyn137
2 years ago
PIW's claim that Merle is selling is doubtful for at least two reasons. First, there two SEC filings of his disposing of shares, neither of which were done in the open market. They were transactions on 9/30/22 and 12/13/22. Both were gifts from a company that he is an executive officer of to a non-related person. Therefore the gift was from a company which he has indirect control of. The amounts were 20,000 and 10,000 shares respectively. As an officer and a ten percent holder of bfnh, he has to file every sale, which he did here, immediately after the transfer.
Second, in the months before the recent sales, starting on March 20, which PIW says are his sales and others he knows, the volume was so low that it would be impossible for anyone to sell enough shares to make any meaningful money. Less that a million shares were traded between July of 2022 and March 20 of 2023. Ferguson is listed as the owner of 16 million shares directly and almost 2 million indirectly through a company called Trade Exchange International. At about 2 dollars a share, this is about 2 million dollars if Ferguson sold all those shares. Hardly an amount worth risking jail for.
I have no idea if this company will make it or not. But the claims that it is a cesspool are unfounded, IMHO.