It has been a while since I've had a chance to stop by. You may want to keep BDRR on the radar over the next week. In addition to a decent looking chart, here's why:
There is a large number of shorts (I suspect millions based on a review of trading patterns, etc.) and it appears to be growing daily. It has been on REG SHO the last few days.
All these shorts and only a 21 million float based on an ungaged TA!
Most of the 21 mil float is in the hands of a few investors.
The shorters -- most likely NITE -- saw the company diluting to raise 250 grand to buy additional radiological equipment for their money making facilities in Houston (one of the fastest growning cities in America and a world class medical hub). See Graham Williams note in I-HUB's BDRR I-Box.
This is the exciting part: there are many rumors -- but not yet PR'd -- that the company has securred a traditional non-dilutive financing for he cash needed in the coming months -- the share structure would remain the same! The diluting appears to have ended a few trading days back.
Connecting the dots outlined by Graham Williams in his note to investors, watch for a PR in the next few days that will:
1. State a float of only 21 mil with 51 mil outstandin
2. State that adequate funding has been received through traditional means that will not include any increase in equity
3. Hopefully state that there is no need for any equity placements in the foreseeable future
4. Indicate that cash flow is adequate for current business operations
5. Spell out that in 2007 they had a net profit with revenues in the range of 6-7 mil a year and on pace in the current year.
This is looking like a mult-bagger near term, IMO.
