Bourque Industries Inc (BORK)

[RockQQ]

My thoughts before the long weekend:

If you thought BORK was great to purchase at $3, $4 or $5 PPS, then you should really love it at .10 . It's that much better a value now than back then.

Fundamentally, the company's managers have learned alot over the past year about how NOT to run a company.

Meanwhile, the product seems to remain unique in its properties.

I assume things alluded to by ATL will eventually come to pass, although he seems to always be too optimistic in his estimations of the time it will take.

In the short term, there will be continued sales by restricted stock holders coming off restriction as there has been all the way thru this year since February. More will occur in early October when the BAM purchasers also come off restriction.

On the other hand, I expect there will be more frequent PRs thru the fall that demonstrate that the company is nowhere near going under. In fact, they may show the company has become a lean mean fighting machine.

I have been burnt alot by past investments and with this one I have tried to remain objective, as you can see hopefully by my prior postings about optimists being too optimistic (do you all remember those guys who posted last fall and said we're headed for $10, we're going to $20, etc.?). And I did not invest in BAM because I thought first year revenue estimates of $90 million were too optimistic (I was right, unfortunately).

But at .10 this is a different ballgame. If you believe the company will not close its doors because JB can always sell some more stock to pay the bills, then it's a steal because its product and market potential remains large. The same people who were wrong about it going to $10 or $20 fast, may similarly be wrong about it going inevitably to zero.

We have a long road ahead and a steep hill to climb for sure. But it doesn't mean things can't turn around over the next 6-12 months.

So as I said, if you loved this stock at $3, $4 or $5, you should love it much more at .10.