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Thank you, seems like a small number of investors know about it
Pps up, this morning, but volume pretty low for a first, anticipated news release.
Need both pps AND volume to get any traction.
Baby steps ...
Makes sense, it doesn't show up in news stories on Schwab either.
I was trying to determine why it had little effect on the pps or volume. Was thinking maybe because it was released late in the day or after market close.
If it was released earlier , either the market yawned, or it was never noticed.
It's seemingly positive news, but it's also not a contract or sales announcement . We should get a better idea tomorrow if Miss Market seems this news worthy of a pps increase or not
Thank you Titan,
Mike
It's good news, maybe even better than good.
Anybody know what time this pr was issued?
Great point, hoping for a repeat.
Ok, thanks. Seems a bit short sighted based on the fact that this is a 900 member dept, but I appreciate your help
noguts, do you know if they are currently selling terminator plates to law enforcement? I've been trying for a week to get ahold of them to buy 3 plates. Cant get a call, text or email back from them.
Hope so..
Thanks John, for the clarification. She seems like an excellent choice to represent / sell Kryron wire, and look forward to hearing about this business segment which Bourque seems to be developing
Thanks again, Mike
That makes sense John.
I would assume because they haven't publicly acknowledged the new President , either in the press or on their website, that she has not yet been formally appointed to the position then, correct?
Great post John.
It would seem this new appt. would be a logical place to issue a press release to announce.
Do you know if they have any ideas to do this?
Interesting morning for Bourque stock.
1,000,000 + shares traded as of 10:30am EST.
800,000 = of them traded below yesterdays closing price, then the last 200,000+ traded a bit above yesterdays closing price.
We havent had a 1,000,000+ share trading day in quite awhile.
Not reading anything into it because we've seen it before and little to nothing happened afterward, but anyone have any insights or thoughts?
Well said.!
Interesting way of communicating to shareholders, but if JBs excited enough to Tweet that , well he's pretty much challenged himself to perform.
We're all right here watching, and waiting but seems a little like one of those no no "forward looking statements".
Careful JB, this is what got you on trouble last time around.
Well Merth, it's not an easy business, made more difficult given the history . I applaud them if they are indeed working toward bringing nano technology to financial fruition for the sake of loyal investors, shareholders and customers.
Most successful individuals and companies arise from extremely adversarial personal situations . This company certainly fits that storyline.
Let's see if they can prove themselves with the additional chances being provided them . I'm hopeful and patient.
I also agree. With no announcements or sales in the last 3 years, it's interesting that the stock has maintained its 1 cent price, especially given the low volume.
While it's very difficult to point to progress at BI given the dearth of information, one would think they the pps would have sunk to much lower levels. That hasn't happened, which gives one at least a glimmer.
If Merthy and others who have visited are correct , there should eventually be verifiable business progress. In the meantime, the faithful await.
Thanks for providing this noguts, very interesting reading.
The inevitable question for an investor is how best can Bourque monetize their current knowledge and patents / intellectual property of this carbon nano-tube technology?
Can't say that I agree on the scam theory , as I've mentioned in the past, it would have to be way too elaborate to be a smoke and mirrors fake.
That doesn't mean of course that Bourque is currently an investable company.
My guess is they're working to put something to market , either wire or armor or both.
The biggest question , even if they are able to be successful, is how current shareholders can expect a return on their investment with the enormous overhang of shares, debt and unresolved problems from the past.
These are legitimate concerns that have been left un-addressed by current management. Until they're addressed, it would take an enormous verifiable sale or contract to persuade new investors to buy shares, and allow some relief for older investors who would have little chance of break - even recovery of their pre 2012 investment.
And I could be wrong, just my humble, probably incorrect opinion.
Seems pretty clear he's demonstrating armor again based on the video and his tweets .
Another bread crumb trail.
Who knows, maybe this one will lead somewhere. I'd just like to see a sale before I die.
Thank you
Ok, thanks , I appreciate you trying.
Mike
Thanks Doug,
Greetings Doug , can you ask :
In calender year 2016, does the company anticipate :
- Any significant revenues? " Significant" defined as $250,000 or more in sales or other income
- Any significant new contract or product announcements.
These are simple straightforward , non invasive , non NDA questions from a longtime shareholder, which any public company should be able to respond to without going into detailed specifics.
Since 1/6 of 2016 is already past , they should be able to give what is commonly called income, revenue and product "guidance" for shareholders for the remainder of this year. Guidance is practiced by virtually all public companies.
Thank you for forwarding this to Mr. Mendoza
Nice to see you positive Doug, and here's hoping you're onto something
Ha! Not often I agree with you, but great analogy!
Can't wait to see Doug's artwork reply with a Juan head on a gnat riding a teeny motorcycle in a circle.....
Thanks for the smile. I'll bet even Juans laughing!
Welcome back AJ,
I'm also sorry to hear that John and CJ haven't reached out to you.
Not much else to say, but Merry Christmas to you and your family.
Mike
Interesting, unfortunately pretty small potatoes given the bazillion shares out there.
I appreciate you posting though. Nice to see some life, albeit akin to a twitch of the nose while sleeping...
Go Bourque,
Interesting thoughts.
It'll be stuck at a penny or less until they can put something on the table.
I believe eventually they will, maybe just out of sheer frustration that the gig is up, and nothing other than business performance will cause the share price to rise, and the millions upon millions of shares issued to finally have some value.
I just saw a report on Trump that said American voters may elect him out of sheer frustration with the other worse alternatives.
The same might apply here. Maybe out of sheer boredom they'll actually produce and sell something in 2016. Or 2017....
"push the button to buy Borks"...?
Based on.....what?
I'll say it again. While I hope for nothing but good things for this company, there's absolutely no information of substance that has been released by Bourque that's investable .
That could change if they ever decide to begin acting and operating like a public company, with identifiable prospects communicated with verifiable data.
Anything else is complete conjecture and hyperbole, great for conversation but not for putting your hard earned dollars behind.
Thanks Merthy,
Within the bounds of what you feel comfortable with, what is your gut feeling for when BI might achieve meaningful revenues/sales?
Any thoughts appreciated
Not sure how to reply.
I don't see anything happening currently with the company, the pps and volume are both anemic . Info from the company virtually nonexistent.
Maybe great things are to come, but all in all, a pretty great disappointment to date.
Still hopeful, but tough to be optimistic. Hope they prove me wrong.
It's a good question Doug, and in my one conversation with Juan the subject of patents never came up.
He did say that he was willing to talk with you or anyone else who had questions that he would attempt to answer. ( within the bounds of what he could answer)
Give him a call, I believe he will be honest and try to provide an answer.
Thanks Alvie. I've noticed over the last few years that the posts here often confuse between :
A) Is Kryron technology real, or a hoax?
and
B) Is Bourque Industries a "good" investment ( or can it become one) if the answer to A) above is "real"
They're 2 separate questions.
My opinion is there's enough evidence to suggest there is a real technology here.
As for "good" investment, it would depend on what a person's average price per share was, but it would be extremely difficult for the majority of shareholders to ever expect recovery or significant gains with the current obstacles in place.
These obstacles were of course put in place by current management, who seem to be short sighted and unaware about what a typical succesful public company's responsibilities and obligations are.
I'm still here though, for good or bad, I paid my admission and will probably hang til the credits roll.
These are my thoughts, and I'm probably wrong.
Could all be true, except the logic seems unlikely given the entire picture.
I won't argue, because Lord knows I was in the same bucket as the rest of the Bourque graduation class of 2011 and as The Who sang in 1967, I hope not to be fooled again.
Do we know that JB sold shares for millions in 2011 and beyond? I've never seen evidence of that. Why would Juan Mendoza ( who seems to have a pretty solid history) be inclined to work effectively for shares ? Is he being duped , manipulated into spending his retirement years and sacrificing his reputation on a scam? Maybe. But I don't think so.
The royalty thing still doesn't pass scam muster , as to why go through the trouble of creating a royalty clause, then amending it ? The first royalty clause would've been enough , and maybe I'm not giving enough credit to the possibility of an elaborate ruse.
Regardless, this company is likely a thousand to one shot , especially for shareholders now sandbagged by huge share dilution, ridiculous royalty agreements and not a thing sold , not to mention the 30 to 50 other red flags.
Kind of like watching a horror flick, ( I hate em), can't stand to sit thru it, but for some reason you gotta watch it til the credits roll?
All possibly true, but why bother increasing the royalties , or having a royalty at all for that matter?
If the whole thing is an elaborate ruse, I could understand the large quantity of shares issued. But why bother with putting a royalty clause in at all if there's never going to be any sales?
Unless it's an even more elaborate ruse, like Paul Newman in The Sting? A double head fake?
Either way it's a mistake long term. There's literally very few people interested based on the anemic daily share volume, and even this board is left with less than 10 regular posters.
Until they eventually sell something or fade away, not much will happen with the value of anyone's shares, including those holding hundreds of millions of them
Could be true. There are hundreds or maybe thousands of companies with market values greater than $1 billion that produce products, so unless I'm reading your post incorrectly, I'm not sure what the point of identifying them is ( Apple, Dell, USSteel and others).
Here's why any investor still cares about Bourque Industries.....
The fact that huge new numbers of shares have or will be issued to principals, and that additional rich compensation agreements in the form of eventual royalties have been inked, telegraph to an observer that there is an expectation of upcoming sales , product or licensing agreements.
These huge numbers of shares set aside for John Bourque , and the accompanying royalties ( which by the way are on gross sales, not net profits I believe) guarantee that with any rise in share value , or any significant sales volume , John Bourque and others get very, very rich.
Why communicate these to shareholders , which certainly destroys shareholder confidence in the near term, unless there was an expectation of long term of success?
Some say that it's an elaborate scam , and that another round of pump ala 2011 would instantly create the same wealth. Except that argument doesn't hold water, given that the pps so far in 2015 hasn't been pumped (much) regardless of anything sent to press, and the royalties only get paid if they actually sell something ( which they haven't to date)
A 50 cent price per share makes John Bourque and crew very wealthy . Even a 10 cent pps does the same. Issuing all those shares and royalty agreements does nothing for him or his principals unless something is sold or significant, verifiable sales agreements are inked. Verifiable is a VERY key word here.
While in my opinion these additional grants of stock and royalties are over the top excessive and unwarranted, and create further damage to Bourques reputation and position , they also provide visible clues to expectations held by the few people who actually know what's happening in Arizona.
If we eventually get product or licensing announcements my uneducated guess is that Bourques eventual pps could maybe hit a range of 10 cents to 50 cents.
And I could be wrong
Mike
Doug,
If you're asking how do salaries currently affect Bourques shareholders, the answer contained in the financials would be "not much", since as I recall their salary expense was minimal.
Royalty expense to date has also been zero if I recall correctly.
What would be most concerning would be the huge dilution to shareholders by issuing John Bourque enormous quantities of shares ( which apparently haven't been issued yet ).
The reasons for their future issuance were not defined, and authorizing hundreds of millions of shares for eventual issuance , in a company with zero sales or profits is at best suspect.
At a minimum , shareholders received , or will be receiving another 40 to 50% haircut to their share value , regardless of that they purchased at.
For me , it's kind of like taking the last tenth of an ounce out of what was originally a full glass of beer. Kind of meaningless. I mean , why not just drink the rest of it , 98% is already gone, right?
While I applaud whatever efforts have resulted in some of the positive developments of 2015, granting almost 400 million additional shares to JB is not exactly a shareholder confidence builder, eh?
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.
Thanks Merthy,
I have to ask, within the bounds of what you can tell us, did you get any kind of feel for what if any products might be a likely starting point for them ?
Insights are appreciated