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Saturday, September 14, 2019 2:46:55 PM
The pps going low, which is the reason for delisting back to the pink sheets isn't necessarily BYOCs fault... a very massive short and a "large 10 million holder sold into the bid" late April/ early May, along with associated sheep following that large holder. Makes you wonder why someone would sell "into the bid" all at once?
Yes, there has been dilution, which was needed in order to complete the S800 acqs; and the bulk of the Discover funding was absorbed by some large entity late Feb/ early March at a much higher pps than now at (06-07 cents). The rest is possibly in a stall agreement, waiting on traditional or more favorable funding. The other dilution is from the company for "the conversion of certain debt and accrued interest into shares of our stock." See last 10Q, note 14 on page 19.
While OTCX is still active on L2, it hasn't caused to much damage lately or selling into the bid. It will help tremendously once OTCX is off L2 completely. ALPS hasn't been to active and probably was asked to wait for better financing to pay for what ever is left from that debt.
Nothing but facts in above statements and very little speculation.
Now...in my opinion, if BYOC continues to deliver to the plans they said they were going to do and achieve better financing, which will be shareholder friendly, the current PPS is a gift to much much higher share prices. On the flip side, if I see something I don't like in these next couple of quarters or plans not being executed, it will be at that point I may change my thoughts, but I fully expect Geordan and team to execute. So until then...this is, foremost, an investment for me.
My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!
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