Tuesday, September 01, 2020 11:49:58 AM
I know for those of us that have on the stock for well over three or four years it’s very uncomforting to see the price down here where it is now. I have averaged down a couple times here and now have my average price below 4 cents.
Black diamond has over $14 million in this company, the state of Wyoming and the coal industry in the Wyoming powder River Basin need this technology.
The only reason that there are cheap shares available now is because management went out and took the chance of taking on convertible debt under the assumption that they were going to get their financing this spring to pay it off.
When that didn’t happen because of Covid 19, the convertibles (bad men) have pushed the stock lower through converting the debt into shares of the stock and dumping them on the market.
Someone buying the stock today or lowering their average price today is taking advantage of the fact that the convertibles have moved the price down to where it is this represents an opportunity In my opinion
Good luck
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