Saturday, October 25, 2014 11:57:07 AM
I still think that the low level of this R/S (1:20) means they are just trying to jump start the stock price. If I wanted to dilute I would do a 1:100 or 1:1000 and raise the O/S to a billion and then dump at will.
The stock will probably dip hard on Monday or when it begins trading, but to get back to the .006 level it needs to see .12 now. Not a stretch from .07 especially on such a low float (15 mil estimate).
To get back to .01 obviously we need to be at 20 cents, I don't see that level without some serious PRs or momo. This is not a great situation, but I'm not panicked and certainly see opportunity to trade at what was the .006 - .008 area pretty quickly (.12 - .18 now).
My big concern is the amateurish way management handles the stock and PR and their obvious lack of the English language. They need to hire a PR/IR firm or person to communicate to shareholders, write PRs, and push the stock.
Bottom line is BBRD isn't dead in the water, but it's on life support now until they give the market a compelling reason to buy the stock - which as of yet they have not.
I'm holding a meager 500K shares avg at .0055, so I can dump at 10 cents and break even if we get there. However, I don't need the money and can wait it out. I certainly won't put another dime into this stock unless they give me a reason to.
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