Tales From The Bulletin Boards (BFNH, AMNT, OJSY, WYDY) (Sept. 4, 2007)

If you spend a few minutes going through the headlines of OTC-BB and Pink Sheet listed stocks, it becomes evident that investors in that space are on their own.  But sometimes there are a few releases that may be noteworthy.  We have been asked to cover more of these companies, but our aim is to only cover the OTC status stocks that actually trade some volume and at least have some liquidity.  As always, we urge caution and would remind that the OTC-BB and Pink Sheets are areas where investors are most frequently on their own.

Here are a few releases today that involve actual cash or transactions in OTC and Pink Sheet stocks:

BioForce Nanosciences Holdings, Inc. (BFNH-OTCBB) today announced the completion of a financing transaction worth up to $3.45 million. The fixed price transaction involved sales to an institutional investor of Series A 8% Convertible Preferred Stock at $0.50 per share and a series of warrants with exercise prices ranging from $0.50 to $1.25 per share. The placement was managed by TriPoint Global Equities, LLC.

Amish Naturals, Inc. (AMNT-OTCBB), maker of premium organic pastas, today announced that it has executed a securities purchase agreement and closed a private placement transaction with an institutional investor. The terms of the transaction include the issuance of a $6.0 million in a senior secured convertible note accompanied by common stock purchase warrants. This transaction was facilitated by Wharton Capital Partners, a New York City based investment banking firm.

OJsys, Inc. (OJSY-PinkSheets) announced today that it has taken the appropriate steps to become SEC reporting by retaining Mendoza Berger & Company, LLP, a PCAOB-registered accounting firm, to audit OJSY’s financial statements for the years ending December 31, 2005 and December 31, 2006.

Who’s Your Daddy, Inc. (WYDY-OTCBB) signed a letter of intent to acquire substantially all of the assets of King of Energy San Diego, Inc., a distributor based in San Diego that sells the Company’s King of Energy™ drinks to over 700 accounts in stores, bars and restaurants in San Diego County.  KOE was founded in early 2007 and has used its full-function warehouse facility to increase revenues to an annualized revenue rate of over $350,000. The assets of KOE will be acquired by sharing 50% of the profit from the operation with the owners of KOE until a total of $100,000 is received by them. The transaction is expected to close in September, following successful due diligence and documentation.

As a reminder, we do not cover most OTC-BB stocks.  Most of the companies that are on the Bulletin Board or Pink Sheets seem as though they rarely graduate into fully reporting companies with NASDAQ, AMEX, of NYSE compliance requirements. 

Jon C. Ogg
September 4, 2007

Jon Ogg can be reached at; he does not own securities in the companies he covers.