To: Veteran98 who wrote (5856 ) 3/23/2014 8:10:04 PM From: Veteran98 Read Replies (1) | Respond to BOV.H moved higher Friday on heavy volume.....almost a triple now.... from Stockwatch Shell Summary....Bi-Optic Ventures Inc. (BOV), today doubled to seven cents from 3.5 cents on 1,674,000 shares over 26 trades. It is the most activity Bi-Optic has had in a single day during Mr. Chew's 15 years of service on the board. Yesterday, the shell said it had reached agreements with various creditors to settle up to $400,000 in debt by issuing up to eight million shares at a deemed price of five cents a share. According to the shell's financials for the period ended Nov. 30, 2013, those various creditors are mostly companies controlled by Mr. Chew, his wife, Ellen, or another Bi-Optic director, probably Harry's brother, Sonny. Today's volume could be a sign that Bi-Optic has found a deal, although by now expectations of completing something are probably quite low. In February, 1999, when Mr. Chew joined the company's board and restructured it for a new promotion, the company said, "The board of directors expects that Mr. Chew's well-respected expertise in business analysis and raising corporate finance will prove of substantial benefit as the company pursues new business opportunities." At least he tried. Since then, Mr. Chew has made four attempts to come up with a new business for the company but all four failed; two of them never even made it beyond we are working on something. In addition to Bi-Optic, the shell packager has two capital pool shells, Dragonfly Capital Corp. (DRC: $0.03) and Shogun Capital Corp. (SHO). Shogun, halted, plans to acquire a Chinese ceramic tile manufacturer, which is apparently profitable, as its QT.
