Something isn't right here. If he sold 2 million shares in the last hour before close, unless he sold to the market maker, someone is sitting there waiting to buy them up. Am I wrong on that? We haven't seen that many shares sold that fast in a long time, if ever.
For the positive side, I haven't had any reason to doubt Richard in any way. He has been friendly, always called me back and answered all questions, given me some specifics on what the loan process involves, etc.
On the negative side, I personally haven't seen any paperwork, loan intent, or anything to verify all that I know about BFRE. I only have had word of mouth, press releases, etc. One thing that I do question a little bit, and I don't have an answer for, is that usually when a bank is working on a loan, there's a set date that it needs to be completed or else another extension would need to be put into place. Richard just told me that they are shooting for the end of Q3 and no later than the end of the year. I got no specifics on the length of time that this extension was good for. Then again, I didn't ask.
Part of me is so tempted to buy a load of these shares, yet my brain is telling me to stay with what I have. Part of me almost feels like there's just a scare tactic going on from someone.
AI
