Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks KZ,
That is good info. I don't know much about this subject, but I remember distinctly the discussions in 2011 about certifications and quality control or the lack thereof.
If they're focused on that process, other assumptions come to mind. I wont assume anything anymore when it comes to Bourque , but it's another crumb in the breadcrumb trail. Hopefully
Good job Doug!
All true. JB's fortunes rose and fall with the eventual success or non success of Bourque Industries. With more than 500 million shares owned , Bourque at a dime makes him a 50 million dollar man.
Maybe we should hire an airplane pulling a banner.......in 10 foot neon letters......HEY JB , SELL SOMETHING , EH?
Doug, get to work on the artwork please?
No haven't booked a trip out there yet.
I m not sure the expense warrants it. Do you think it would 've worth the trip ?
Thanks, as always I appreciate your advice.
Possible, but my limited experience with them lately points otherwise.
Of course I never thought Vanilla Ice lip synched either
I agree, just thought I'd point out some subtle info that indicates activity , which many, including myself have complained.
Build something, sell something, I got it. Wrote it on the bathroom wall do I don't forget it.
Thoughts from the August 2015 Bourque Financials.
Not much new, however some anecdotal insights ......
- They filed financials on time , in fact early. This may indicate a concerted effort to meet the requirements for OTC chill removal or just more effort at attempting corporate transparency for shareholders.
This has not occurred for several years. A marked positive event , regardless of the weakness of the info within.
- There's $22,000 of new capitalized Patent Expense indicated. This would infer that patent work was done during this period , or at a minimum , bills paid related to patents. A sign of activity, and another positive I would think
-Cash position improved a little. Insignificant IMO.
Additional baby steps, but steps nonetheless
Baby steps, but steps nonetheless, and more importantly , there is indication of a pulse.
Doug,
You should definitely take over the Bourque website.
Your graphics skills are great!
Maybe they need to add the following under personnel:
Director of Communications
Thank you,
I appreciate you sharing your visit with us
Thanks for the update Merthy, makes me want to go out and visit .
May I ask :
How long was your visit?
How many personnel were on hand ?
Thanks again
Mike
Correct, sorry I didn't double check before writing post. Seems like a very large number .
Rewards in the corporate world normally follow good financial performance.
In this instance , large blocks of stock are being issued before the first dollars of revenue have been realized.
Of course , in the CEOs case , 35 million x 9/10 of a cent isn't exactly a huge amount of compensation, but still, as a shareholder you'd like to see it tied to company performance.
I'm hopeful it will be justifiable in the future.
Good points all. 350 million shares received as a reward for selling zero in 4 years is concerning to say the least. Definitely not an investor confidence booster. However, the flip side is that the issuance of those shares alone may be an indicator.
I still couldn't counsel anyone to invest at this point. It's a literal dice roll but with worse odds......for now
They could with licensing, but that avenue could've been explored anytime in the last 4 years and wasn't .
I've re-read their recent otc disclosures, and if I had to guess , I would think that their first product foray would be in the LED Lighting Heat Sink area. This was their primary focus in early 2013 when things fell apart. Much of the testing was more than likely already done then.
With the Chinese manufacturing sector and the economy over there in a general slowdown however, the timing may not be ideal.
My take is that these are all possible applications , but many are far in the future , without near term prospects that would cause any kind of increase in the pps short term.
This would suggest that I also believe the metal is real, and not an elaborate fabrication ....and I do suspect there is a real material .
As an investor , the question is how long is it reasonable to wait to see quantifiable progress? Since every investor is different I can't answer that specific question for you. They've had about 6 months to get Bourque 2.0 rolling, my patience level would be somewhere in the 12 to 18 month level to provide their first verifiable , marketable product rollout.
String it out any longer than that, I'd say they're underachieving the potential, or its not marketable and I'd be gone.
Sure Alvie,
My take is that he's very aware of the overstatements and misrepresentations of the past, and won't allow Bourque to repeat those mistakes again.
I spoke with Juan Mendoza at Bourque yesterday , and while our conversation didn't include much in the way of current or future specifics of what shareholders can expect, I had a few observations from our talk that I thought folks here might want to know. I asked permission to provide , and he agreed.
Mr. Mendoza was forthcoming within the bounds of what he can and cannot say, and I found him to be sincere, and straightforward .Of course this is my opinion.
Here's some take-aways from that conversation:
- Mr. Mendoza's background is military / law enforcement based and he feels facts rather than speculation should temper any thoughts he provides.
- He is open and amenable to Bourque's shareholders calling or e-mailing him, and feels it's his responsibility to respond to requests or comments.He did not discourage physical visits, but would ask that they be requested to be sure someone is available . His contact info is currently available on the website ( I think) and in the current financials. He will be answering shareholders personally
- He feels a strong responsibility to the 8000+ Bourque shareholders (he mentioned this multiple times) and there is a focus on trying to "recover" or partially recover their investment and trust.
- The Bourque staff ( I did not ask him how many , sorry) are "working their tails off" , and have been for several months on what sounds like, multiple applications and deals. This was as close to any revelation on what they're working on got in this conversation. My take is that he's not comfortable providing anything specific on products being developed, or potential deals in the works .
- They have received funding from backers. Nothing more concrete than that.
- Mr. Mendoza's background is military / law enforcement, and he spent several years in the Middle East. He has had some previous responsibility with foreign consulates . He formally retired in June of this year to work full time at Bourque.
- He monitors the Ihub Board and has spoken with multiple posters . He encourages direct communication with him by any that are speculating about what is happening or not happening , as opposed to comments based on anger or past disappointment.
- The financials were lousy, but better than what would've been reported previously .
- He is going to take a look at a low tech application for Kryron for pistol and long gun targets for a family member who is a firearms instructor. I've sent pictures showing how the current iron targets frequently separate at the weld . No commitment yet, but he said he'd forward along to John.
- He commented that there was a "great deal of damage" done to the company during the last few years , and that they are slowly clearing away that damage to move the company forward . he did not name any specific individuals with regard to this damage.
- I asked if he felt the company was investable from the standpoint of someone who was considering either a new or additional investment in Bourque. His response was that while he couldn't say whether or not a new investment was appropriate, that his personal opinion (if he were holding) was that holding Bourque stock would make more sense than dumping at these levels.... read into that what you will , but he did say that the stock was so low that dumping wouldn't make sense to him personally ...He also mentioned that like any investment , invest only what you could afford to reasonably lose
- He could not provide a timeline for any product launches or significant expected developments, and was cautious when speaking in this regard.
Thank you GM/ Doug for your help in contacting Mr. Mendoza, wish I could provide more specifics, but it is what it is for now Borkites.
Mike
The flip side of course is: if they didn't provide financials, there would be continual complaining here about lack of transparency , and no information.
Their financials were lousy as expected, and market reaction was proportional to the financials....nothing happened with the pps.
I'm not defending, some of your critique holds water. But there's no way I can agree that Bourque providing sub par financials was a pump event. Frankly, if I was in their shoes, and if I was indeed trying to artificially increase the pps, I'd be doing much more dog and pony type exposure like 2011 . That hasn't occurred so far.
If that was their intent, once again it didn't work. Share price is 9/10 of a cent.
Great pump strategy. Yawn
I'm gratified to see that Bourque is meeting their obligations for public disclosure , provided this week.
Quick question, haven't yet had a chance to answer:
Does anyone know if there is a family relationship between Charmaine Berry of Bourque Industries, and the Berry who signed the attorney letter?
Amen to your post. Spot on.
Unfortunately , thus far no specifics from the company, which fuels the negativity.
A little verifiable info would go a long way, until then we wait ....
Thanks for posting Chad.
The good, the bad and the ugly discussions will now commence , once everyone has digested all 17 pages.
Alive, I haven't tried yet , milk mentioned it might take several days to get their internet based phone service up and running.
My question to them , in case anyone there reads this board, is if they would consider producing shooting range targets ( 2 or 3 inch diameter standalone circle type) .
My understanding is that the current ones available need constant replacement because the impact breaks the weld at the base plate. A family member us a gunnery instructor and replaces his frequently.
I been hearing lots of limbs breaking here lately. The August limb is now firmly on the ground.
Swing, and a huge friggin miss. Strike 2, Er I mean strike 25.
Now we're whistling September air up the collective skirts of people who all know better. Based on a barbecue.
Seriously. ?
Thank you, will try again this week.
Actually Doug, I did call the 602-346-9175 number, the 9375 was a typo.
The 9175 number is not in service.
Thoughts?
Does anyone have a working phone number or email address for Bourque Industries ?
The number on the website ( 602-346-9275) answers with a pre-recorded "this is a non working number" message.
Trying to contact them about a possible application / customer for Kryron as gun range targets.
Well Merthy,
If it was one sale, and they used a discount broker like Schwab, they paid $9 to sell/ buy $3 worth of stock.
Another underwhelming day in KoolAidville.
Sorry, 2015 not 2025, my typo
No speculation required here, the news release indicates 24,700,000 shares of Bourque were purchased for $348,000 in the 2nd Qtr of 2025. That equates to about 1.4 cents a share.
What it doesn't say is whether they were purchased on the open market or directly from Bourque's treasury shares. I'm guessing treasury shares as 25 million shares purchased in the 2nd quarter wouldve been memorable in the volume sold........and I have no memory of any huge blocks traded from April to the end of June. I haven't checked daily volume during that period, so I could be mistaken.
It's just a lousy opinion, but there's still no rational reason that an unemotional investor would invest in BI , given the little information and lack of any compelling news coming from the company.
I'm not saying that there might be those who have more info. with which to make an informed investment. For those , it might make sense.
But given what I don't know , I'd never invest at this point.
And I could be wrong.
Zero shares traded today.....
The other possibility, (pure speculation on my part), is that along with the shares purchased , the fund was granted other exclusive rights to segments of. Bourque business if and when they're ever developed.
Kind of like buying the rights to an exclusive geographic area for a fast food franchise. In this case they might have received both the shares and the rights, which reduces the risk.
Since a large number of shares are involved , which were purchased in a specific 3 month period, it seems likely these were purchased from Bourqe itself rather than on the open market.
And I'm probably wrong. But this scenario does dovetail with the answer to ...."how is Bourque funding current operational expenses".
Possibly all true , except the part about the "hail Mary". Since their $348,000 Bourque investment only represents .0006% of their portfolio, no matter what percent Bourque goes up or down will have any material affect on their investment performance.
The news article also didn't seem to come from Bourque, but from a business news service that also listed other investments the fund purchased during its most recent quarter. ( I haven't had a chance to back check yet to see if it might be a fake article)
If it's a real news article, I still think it's interesting that any institutionsl fund would be investing that kind of money in a company with no news, no financials and a checkered past. Speculators yes, fu dad investing? Weird indeed.
I'm not reading anything into it , as I'm sure there's more to it than meets the eye.
For what it's worth, their average share price paid is $348,000/24,870,000 or .01399 or just under 1.4 cents a share.
This leads me to believe that they bought shares on the open market, and not directly from Bourque in a sweetheart deal. ( I could be wrong as I don't recall lots of multiple million share days which would add up to almost 25 million shares..
Either way, a half billion plus $ institutional fund investing in Bourque is rather surprising given that most funds are conservative and risk averse. Investing decisions are generally made by multi person boards of cautious individuals who are held accountable for losses caused by irrational or risky investments.
Very curious information. I wonder if they're yet concerned that they are down around 40% on their investment ?
Extremely interesting . Great find Chad
Doug,
Any ideas as to what Mr. Mendoza's current role is at BI?
Any thoughts or observations of his duties is appreciated.
Agreed, and well put.
Now we'll just need to have some signs that restore that faith.