A battle has been fought on the BRWC board between the convertible debt investors who hold the last remaining convertible debt, and the current shareholders who bought their stock on the open market. The convertible debt investors want to see the share price go as low as possible prior to converting in order to maximize the number of shares they will get upon conversion. They’ve pulled out all the stops, calling upon their evil minions, (think Gollum), to spam the board “en masse”, with any negative sounding nonsense they can dream up in order to drive down investor confidence and discourage any positive momentum in share price.
The current shareholders just want the share price to go up so they can feel good and make a profit when it comes time to sell.
Once the last of the debt is converted into shares those same evil spamming minions will either suddenly see the light becoming converts to Boreal, or they will just go away, either way the share price will rise and their masters will unload their new shares at a price much higher than when it was when issued.
The good news is the convertible debt investors may have converted most if not all of their debt into shares yesterday, if so we could see the 7’s as early as today.
Harry Truman: I never gave anybody hell, I just told the truth and they thought it was hell...
