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Ok, So I've skimmed the quarterly's, and I've looked at the Wiki and other links to NAP7 LLC.
Is this a fair summation of what hasn't been said directly?
1) Bob Lewis and Mr. Southworth have resigned from the Bourque Board as of last fall, 2012, and are the principals, along with 5 others in a new Florida LLC called NAP7. The inference here is that the new LLC caused a conflict of interest, requiring the resignations.
2) NAP7 is either a distributor of, independent sales representative of, or broker of some or all segments of Bourque's products, most likely their armor line. This would explain the conflict of interest.
3) This would seemingly be either a positive or neutral development , but probably not negative because it infers Bourque has begun the process of solidifying a sales channel , and because at least 1 or 2 of those new NAP7 members has a significant standing in the law enforcement and /or military community. This implies they could foreseeably , actually sell something for Bourque in the future.
4) None of this is disclosed in detail in the quarterly financial because of the continuing Stealth policy.
Am I on the right track here?
If so, someone please blink your tactical flashlight twice towards the northeast.
Thank you . Makes sense and is believable. This meshes what I have been able to glean also.
Thank you.
Very low volume, and nearly all from one buyer though.
Still, we'll take it.
M
Very odd that he no longer is shown on the Bourque website as being a board member?
Someone must know the specifics of this.
Can someone shed some factual light on this please?
My experience, is that it's not the kind of wine that's important while trying to weather the worry this investment causes...
It's the volume that's important.
Start with a case of 12 bottles and see if that helps
JMHO
Doug, Thank you for the reply.
I can see, if your post is accurate , the damage that shareholders would face due to the dilution of their shares given your scenario, if and when Bourque ever recovers.
If of course, they never do recover, all of this is moot, at .01 to .03 a share, or less, we would all be in the same boat, no?
If true, your course of legal recourse would be justified and supported by all that were damaged by this alleged scenario.
I've seen you in support of Sean at several points and now, firmly against what you see as the probable back door dealings at Bourque.
I have no insight what happens there, no fly on the wall ability to know the things you speak of.
Do you have any specific , verifiable evidence that these things are occurring , or are these your opinions as to what is happening at this time?
(Either way is fine, by the way, just want to know which it is)
Understand I am not challenging or badgering here, but want to know all sides , but with facts in hand ,as I've been led down this Bourque primrose path (gullible as I am) for too long, and wish to know the truth. I also want to seperate anger and emotion from the equation...nothing but verifiable facts is my 2013 motto.
Hope it lasts longer than my diet resolution....hah
Mike
Doug, let me see if I understand this line of thought.
Sean / ATL has been intentionally holding back on delivering known positive news from Bourque shareholders and the public at large , as part of a so called "Stealth Policy" .
The net effect of this policy by ATL was to intentionally draw the share price down to it's current near penny levels,down from it's lofty levels of 2011, with the intention of exercising whatever options he negotiated with John Bourque for back pay/ compensation to be paid in Bourque shares at the artificially/ intentionally driven down price per share.
Once the price has reached these low levels, and the now greatly increased number of shares have been delivered to Sean by virtue of his compensation plan with Mr. Bourque, the eventual release of greatly anticipated positive news, previously withheld under the Stealth Policy , would catapult those shares value , allowing Sean to profit once those shares were sold converted.
If I am understanding this correctly then, we should hear of 2 things for this plan to be actionable by the parties.
1) The communication of the compensation plan to shareholders in the quarterly financial report.
2) Extremely positive , price per share increasing news to be released to the public which would drive those shares to great benefit to Sean.
Is this what you are thinking is what is happening in the background at Bourque?
Thank you, Mike
Hi Big, Curious, what things make you feel that we are at support at this level?
Any insights you can share are appreciated
Thank you, Mike
Thank you, and Happy New Year to you and your family
Mike
Same to you and your family Ron,
Mike and family
Yeah, well I'm from Detroit.
Our esteemed ex mayor wore a tee shirt that says..." Detroit, Where the Weak are Killed and Eaten"
Who is VNDM and what's their address?
Got a Christmas present for him/ them/ her?
Thanks, I guess we'll have to see what happens.
Although, foolishly I thought holding was patriotic in the sense that a "good" company would in the long run end up being the right move, with this company holding was like taking a never ending jailhouse beating ....not that I would have any experience with that.
All good points, and I appreciate your insights.
Wishing you and all of your families a peaceful Christmas and prosperous, abundant New Year
Mike
So now we're looking only at the last 90 days?
Who's math is off?
The fact is the 12 month average shares traded per day is around 300 K.
Looking at the last 90 days when the majority of the huge trading days have hit is ignoring the long term average for the year.
When the insider trades are juxtaposed against those averages, they're not insignificant, they're alarming....or else we're all just numb (finally) to the incredible amount of crappy news coming out of Tucson. In fact we seem to be enjoying it, in addition to tolerating it
I'm not trying to get into a numbers pis341ng match with you...but over 20 million shares have been dumped by Ironridge Global since the beginning of December alone....factoring only these last 90 days distorts the average incredibly. Not to mention the probable large numbers being dumped in the last 2 weeks due to tax selling.
Frankly I hope you're right about the insider trades being insignificant in the long term, whatever the subjective term "insignificant" turns out to be.
But when the Board and CEO start dumping tens of millions of shares, it doesn't exactly inspire confidence , let alone irrational exuberance about the company's prospects and long term viability.
I'll say it again....it's put up or shut up time for Bourque.
Or else we're sub pennies and then everyone will have trouble figuring out where the decimal point goes in front of all those "0" 's .
Stealth is Stupidity IMO. If you've got something let it out and let the competition worry about it.
Peace, Mike
I don't hate the players or the game, just the skewed facts as they relate to Bourque.....and I'm decidedly not a basher, but a long term holder, which apparently has no merit in todays markets but I'm whining.
The facts are (and no, I wasn't smart enough to figure this out, it came from a fellow Bourque shareholder who is also a long term shareholder, who pointed it out to me)
Here's how significant those supposed "no insider selling now" shares are:
RULE 144 shares being filed to sell was 13.3 million shares.
If sold at the avg. of 280,000 shares a day (which was typical until the last couple of weeks) = 48 AVERAGE trading days of shares would have been nothing but Insider Shares
52 weeks x 2 weekends = 104 less trading days
365 days - 104 = 261 trading days total available to trade
261 - 48 RULE 144 shares = 213 days
48 days divided into 261 trading days = 18.4% of the shares traded in the last year would have been insider shares.
Do you seriously think that is an insignificant number?
48 days ? That equals 19% of all trading days volume. Which means 1 out of every 5 shares traded in the average volume of recent months was an insider share.
Again, please explain to me how Bourque is going to continue to self finance by selling their shares. Because it seems awfully obvious that is exactly what they're attempting to do now.
Forgive me if I've missed something . But doesnt this show that Bourque insiders have indeed sold or filed to sell 4.5 million shares?
How does that jibe with...."insiders are not selling"
"We are building a very valuable company and expect the remainder of 2012 and 2013 to show new revenue and product growth."
Thank you to a friend for reminding me of this quote made by Mr. Bourque in November of 2012.
If a 99.99997% drop in share price is considered "building a very valuable company"...... well all, I'll let you finish the statement.
I'm getting damned tired of this ship of fools. Reminds me of our esteemed officials in Washington DC who are off on holiday while the fiscal cliff threatens our nation's stability.
Mike
By the way, ATL's integrity has almost nothing to do with Bourque's future prospects. I believe he's a guy with alot of pride, conviction and boatloads of work ethic.
Probably more so than our founder and CEO or any of the other management team still in place.
And he's definitely not responsible for the wreck of Bourque Industries if indeed it goes down. At least the guy manned the pumps.
It would seem that the pps implosion is not about Sean or CJ Condon's or even John Bourque's good or bad intent, but about the market's perception or perfect knowledge about Bourque Industrie's prospects.
My question stands: How does this company go on without the ability to finance itself , whether or not it has great , "just wait, it's coming soon" prospects that may be in it's future?
It's "show the market what you got" time.
You either got it or you don't.
Personally, I'm thinking Bourque should've never been a public company in the first place. If shareholders are the CEO's un-wanted stepchildren, why marry their mother in the first place?
Seriously Doug? The stock pps fell in half 3 times in the last 30 days. (I'm having a hard time believing we've switched roles here, weird world, eh?)
So you don't think it's possible to fall in half from 1.3 cents to half of that , which is his target of .0065 cents?
Not only seems possible, seems highly likely given the last weeks events.
I believe there's only one current, significant question left to be answered about our "stealthy" company
A) At a cash burn rate of about $100,000 to $200,000 a month based on old financials, they'll need to continue to sell 10 million to 20 million shares every 30 days, assuming that's how they've been staying afloat . This also assumes the pps stays at a penny or more.
How sustainable is this strategy?
Unless there's a very large source of impending cash flow coming in the form of a contract that they can take to a financing source, I would say it's not sustainable. I'm not aware of any other funding sources , nor has the company announced any, since the Fairhills Capital debacle. Also not aware of any significant contracts looming in the next 30-60 days.
KZ's report was a welcome breath of fresh air, during a literal hell storm week for Bourque shareholders.(Sorry for the Titanic analogy KZ, but I sure feel like Leonardo these days, or maybe more appropriately the Wily E Coyote who gets steamrolled every 30 seconds by the Roadrunner)
I believe Mike saw what he saw, and I'm sure Sean and CJ and crew are working their butts off right now to make things happen. It would seem they are literally fighting for their careers given their probable cash position and free fall we're experiencing.(And by the literal boatloads of shares being dumped by Bourque insiders)
The continuing "disconnect" with this company is the plummeting stock price in the face of the seeming continuing available prospects for Kryron. ( Except for that backpack idea, which I gotta say was in poor taste).
The Stealth Strategy has failed for me and all shareholders, and appears to be in complete contradiction to the company's financing needs. They're going to need to buy a 3 mile long train of boxcars to sell the shares needed to remain afloat at the current pps in the next months.
Anybody have a train for sale? Cheap?
Gotta go to work now, the accountants are very, very pissed at me right now.
Mike
Gotta agree with you mdb
99.999997 % price drop in pps , and my portfolio, due to "stealth" mode policy.
Sorry, but someone at Bourque explain how this can be good for anyone.
In fact, hey, I'll give you my wife's cell #.
Maybe someone at Bourque could explain the importance/ effectiveness of this strategy to her?
You're gonna need more than a bulletproof vest for that phone call Sean.
According to Carnac's data, 1 trade was for 3.8 million shares at .01 or $38,000
hmm, MethyQ loading the dump truck(s) again?
BigGun, have you had a chance to ever drive by the Drexel plant to see what Bourque's been doing?
Know anyone who works there or anyone who knows anyone who can provide ideas on the company's prosects?
Thanks, Mike
Damn I hope you're right.
Gimme somethin
Even if it's a lie
Of course the counter to that thought ( a good catch by the way, Flat )would be.....why sell at all (especially 2-3 months from now) if you know something positive is coming down the pipe?
Nothing makes sense in BourqueVille
Makes sense, although the law of diminishing returns says we're only 3 cents away from even a dumptruck load of shares buying them their next cup of coffee.
Another million shares traded, lotsa shares available, maybe still the JB selloff?
Who knows.
Every time I touch it, it falls in half.
Show me something to believe in or be gone.
This shows getting old .
Mike
That's what I like about you Merthy
Always a little mysterious
And often right
Sure hope we're not the last 2 on the stern of the Titanic
MIke
The proctologist's office is a slightly better experience unfortunately.
It's my fault. I bought more.
And every time I do that.......
Dowwwwwwn she goes.
Blame me
Thank you sir may I have another?
Thank you for the positive, insightful thoughts
Mike
problem is, we boneheads keep averaging down, and it keeeeeeeps goiiiing down.
Lets hope those boatloads of shares don't make the boats's waterline precariously vulnerable to small or large waves
Mike
"and most of the time history repeats itself and a stock will reach its all time high at least one more time via hype of a new product, technology, or partnership"
I sure hope you're right.
Thanks for the insight, still a little ticked they didn't set up a booth at SWAT Roundup this week down in Florida. I'm pretty sure that's where JB originally met Cmdr. Lewis who now sits on their Board.
As always, I don't know the why's , but sure hope it wasn't a simple oversight. 6,000-8,000 potential customers in one small arena for 3-4 days seems like a no-brainer to me, but then again, they do what they do and I do what I do.
As my old man used to say about his dumbas superiors in the Pacific during World War II......"ours is not to question why.....our's is just to do or die..."
Or something like that
Mike
My unofficial explanation for the hopefully temporary pps drop was that JB's sale of 3.5 million shares announced 2 weeks ago might be executing now.....
And once this ginormous glut of shares passes thru, we should slide back up a little......
Somebody tell me if I'm right or wrong?
Hi, Lewis is most definitely there, but more likely in his capacity as Collier SWAT Commander.
Doesn't mean he's not discussing Bourque's Armor with the SWAT boys though.
So maybe they don't really need a booth there. After all, we're represented by one of the members of the Board of Directors.
That's pretty good rep. I'd say.
Mike
Well said market, and great , reasonable advice.
"Bourque also makes armor for vehicles and has contracts with businesses throughout the world".....
Thoughts?
Algee can you remember what channel you saw it on?...wondering if there's a copy of the video on the news channels website?
Thanks, Mike