Bourque Industries Inc (BORK)

[mikeg2]

I agree that the dilution has really sandbagged any possible rapid rise in price per share , but as I recall from 2011 there were about 180 million shares out , give or take , at that time, so the dilution is closer to 1:5 I think .Not great news,but better than a 1:10 scenario.

If you can apply that 80% dilution to the $4 example, the best one would hope for in a period of rapid news development given history would be .80 cents.

Frankly , this has been my primary concern since news of those additional 500 million shares authorized, and then issued to JB and CJ was disclosed.

Disheartening at best , and certainly seems excessive given management's lack of performance to date.

Whether you believe in the magic metal or not, that many shares watering down the soup bowl called Bourque makes chances of any recovery of 2011 investments slim.
Which leaves the only options of "averaging down" ( not intelligent given the sparse knowledge and current corporate condition), holding and watching for entertainment value or getting out of Dodge .

The equivalent of needing 3 Hail Mary touchdowns just to force the game into overtime.

Despite this I'm still holding. Can't explain why.