Originally posted almost two months shortly after the "last" REVERSE STOCK SPLIT!
From: 10/24/14
Let's see....another one worth sticking!
Here we go!
The last time BBDAD had a RS it was 1,000 to 1 which made $0.0001 (PAR) Shares equal to $0.10 at which point it dropped like a rock even though there were "only" 12,500,000 OS (decreased from 12.5 "BILLION")! It dropped to below a penny but had illiquid "pumps" to as high as $0.05 (sic) which is half of the 1st pre RS price. This time you're seeing somewhat the reverse (no pun) because the size of this Reverse Spilt is less by a factor of ten although the irony is that the post RS OS is actually higher (88 Million)!! What you'll see before the flood gates open with another round of major dilution is this trade "up"to about $0.05 (if that- it's already having trouble at $0.04)! See the parallels? Last time around the highest price it was able to rally was $0.05 right after the RS where it subsequently dropped like a rock until it settled down to $0.0004 before that so-called famous "pump" (to a whopping $0.019)! Notice that $0.0004 price again (from when it rallied to $0.019)? That's where the current (high) price is at - pre this time's RS $$ and current post RS which = $0.04! In other words the last time's bottom is now become its current "top"! Yes, there's NO DOUBTS this will again go below $0.01 and BBDAD will issue ALL its 500,000,00 A/S to pay off its "loans" and YES, it will increase its Authorized Shares to a BILLION and more! The real irony is that the MORE suc...I mean investors that get sucked into BBDA the higher the dilution machine is turned on! I was recently at the Lebrea Tar Pits in Los Angeles and BBDAD reminded me of exactly that! A Death Trap Tar Pit that countless sums of $$$$ gets sucked into it!!!
Life Is NO Good...When you fall into the Tar Pit called BBDAD!!
- JSJ
