Invest-in-America
1月前
BENF: Oh, I forgot to say, CONGRATS on your easy score here today, Admiral CD!!! (You surely banked at LEAST $10K profits, Dude!!!)
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I'm producing a film, "American Cars of 1908" --- tap link below for latest edition:
https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExZG14czE3bTd5ZjR4M3Q4ZGwyaXQzdnVscGptazAxN3AydWs0ZmR3MiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/eK6goDuQgRsv9n2NoH/giphy-downsized-large.gif
barnyarddog
3月前
Beneficient Consummates Transaction to Increase Permanent Equity by $126 Million
October 04 2024 - 7:00AM
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Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company announces that its subsidiary Beneficient Company Holdings, L.P. consummated a previously announced transaction pursuant to which approximately $126 million of its preferred equity was redesignated as non-redeemable. As a result of the transaction, which was approved by the Company’s founders holding the majority of the preferred equity, Beneficient expects approximately $126 million of temporary equity to be reclassified to permanent equity on its balance sheet as of September 30, 2024.
About Beneficient
Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors - mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds- with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.
Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.
For more information, visit www.trustben.com or follow us on LinkedIn.
Investors
investors@beneficient.com
Contacts
Matt Kreps: 214-597-8200, mkreps@darrowir.com
Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
Investor Relations: investors@beneficient.com
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
https://ih.advfn.com/stock-market/NASDAQ/beneficient-BENF/stock-news/94669660/beneficient-consummates-transaction-to-increase-pe
barnyarddog
3月前
What is going on with GWG Holdings? GWG L Bonds 2024 Update
May 16, 2024 / By Investment Fraud Lawyers
3. Stake in Beneficient – 169.7 Million Shares
Stock Update: Trading at approximately $1.29 per share as of October 6, 2023.
Financial Health: Beneficient is on shaky ground. Q2 2023 saw them incurring a staggering $1.15 billion loss. Their cash reserves? A mere $4.4 million by July 31, 2023. Tough times have forced them to consider furloughs and layoffs. Excluding goodwill, their net assets stood at $260 million as of June 30, 2023.
Legal Woes: The SEC has its eye on Beneficient. By June 29, 2023, they served a “Wells Notice,” hinting at potential legal battles tied to their association with GWG Holdings. Moreover, Beneficient’s top brass, including their CEO Brad Heppner, are also under the scanner.
Sell-off Challenges: Mr. Freeman highlighted the hurdles in offloading these shares. Given the low trading volume, finding a market for a massive 169.7 million shares seems ambitious.
Projected Recovery: Nominal at best.
https://investmentfraudlawyers.com/gwg-l-bonds-value-smashed-investors-file-claims-for-loss-recovery/
barnyarddog
3月前
BENF: INITIATION: Unique FinTech Platform Focused on Alternative Asset LPs/GPs
August 29, 2024
Our primary valuation construct revolves around the Board’s recently adopted ExchangeTrust Product Plan to complete up to $5 billion of loans backs by alterative assets. More specifically, we walk through the economics related to bringing in $1 billion, $3 billion, and $5 billion of liquidity transaction loans. Of note, Beneficient generated $1 billion of liquidity transactions in the company’s first two years of operations, so we believe our valuation framework is reasonable. After incorporating seemingly conversative assumptions around interest rates, credit losses, fees, and margins, calculating pro forma EPS based on incremental share issuance to fund $1 billion, $3 billion, and $5 billion of liquidity transactions, and applying a peer group average P/E multiple to our estimates, our valuation work points to price target of $5.00 for BENF.
https://finance.yahoo.com/news/benf-initiation-unique-fintech-platform-090500464.html
TIMGZ
3月前
INVEST***THAT MIND SET, JOKES APART***ALWAYS HUMAN AND DIVINE TO WISH EVERYBODY AROUND YOU WELL AND BEST OF LUCK TO WHOEVER BECAUSE YOU AND I CANNOT CREATE ONE.
ALWAYS SAY GOOD, FEEL GOOD , EXPRESS GOOD AND GOOD WILL*******
When I do good I feel good, when I do bad I feel bad, and that's my religion.
Abraham Lincoln
https://www.brainyquote.com/quotes/abraham_lincoln_106095
What was Theodore Roosevelt's famous quote?
Quotes by Theodore Roosevelt (Author of The Rough Riders)
Theodore Roosevelt Quotes. Do what you can, with what you have, where you are. It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better.
Invest-in-America
3月前
BENF: And ELO is BRITISH, naturally --- the British "COMMONWEALTH", which is why NO nation hates the Brits. Heck, the Brits even give-back premium portions of their 'Empire' when the LEASE EXPIRES (Hong Kong)!!!! Would Hitler or Donald Trump GIVE-BACK Poland & France, or Alaska & Hawaii, when the LEASES EXPIRE????????? (Trump will be SUCCESSFULLY assassinated before the looming election!! The THIRD time is the CHARM!!!)
Invest-in-America
6月前
BENF: (Song of the Day, below) CONGRATS to all here who scored some BANK, God-damn-it!!! (Hey, Folks, ya know what's wrong with the Western Bible??? To wit, the opening line: "In the beginning God created the Universe & the Earth ---" WRONG!! In truth Folks, there was NO "beginning" to the Universe!!! It has existed INFINITELY!!! And moreover, it never needed a silly "God" to create it in the first place!!! And, if a God indeed DID create it, then such nonsense would merely generate the next LOGICAL QUESTION: To wit, then WHO or WHAT created that God????!!!! Read G.W.F. Hegel, the greatest Human thinker & philosopher of all time, and thereby REMOVE the crap that Western Civilization has deposited into your flucked-up BRAINS!!!)