InvestorsHub Logo
Followers 71
Posts 17371
Boards Moderated 0
Alias Born 08/29/2008

Re: Addiecaps post# 194

Tuesday, 04/05/2016 10:47:47 AM

Tuesday, April 05, 2016 10:47:47 AM

Post# of 230
With the fraud at BRKO, most will be lucky to get out of their positions at all.
It is great that someone is willing to buy at these high prices, given the financial condition of the company and the fact that they will not really have any access to the capital markets anymore.

BRKO says it needs cash, or it may have to terminate operations.

Toxic financiers likely will not touch a grey market stock under investigation by the SEC for securities fraud.
The financiers also know that once the flurry of selling is over, liquidity will steadily drop off and investors may have a tough time selling at any price. With no MM's making a market in BRKO anymore, it will also be tough to find matching trades to be able to sell.