On May 12th, the SEC provided notice of BF Enterprises, Inc.'s filing of an application for an order exempting it from the requirement to register its common stock under Section 12(g) of the Securities Exchange Act. BF Enterprises asserts that exemptive relief is appropriate because as of December 31, 2010, BF Enterprises had total assets of approximately $13.3 million and stockholders' equity of approximately $11.8 million. It further asserts that it has fewer than 85 total beneficial owners of its common stock. However, one of those beneficial owners has expressly stated under oath that its shares are held indirectly through 500 trust entities formed solely for the purpose of attempting to cause BF Enterprises to register its common stock under Section 12(g) of the Exchange Act. Comments should be submitted on or before June 16, 2011. SEC Release No. 34-64479.