Beacon Redevelopment Industrial Corporation (BCND)

[midas716]

BCND Overview

Before the chart we need to recap a bit here. First my apologies somehow I lost the annotations on the other chart I will try and work it back up today.

First. I showed you the possible timeline of events on the other chart. These are my opinions but really it does make a lot of sense.

IMO this stock was shorted down and there was heavy shorting a day before it went to 0 bid around the end of march. Upwards of 400 million. Looking at the one year daily I estimate from end of October to end of March as many as 700 to 800 million shares could have been shorted. If you were an MM or several MM's wouldn't you. The stock was dieing. Toxic financing. Approaching 0 bid. Put the last nail in the coffin and put it to 0 bid. Wait for it to be delisted and bam. No cover. Or wait for the R/S, wait for the new dilution and short it more or cover for nothing on the penny. They had the plan. Free money. Every time the stock moved from October to 0 bid march it got slammed back down. Thats how they play the game. It goes up short it back down till everyone gives up. But then...

Someone unexpectedly takes over the shell. Before anything is announced there is some heavy buying. At the end of April close to 400 million in volume after a 0 bid. Someone knows something and the MM's are saying WTF. Okay we'll play. Short it down more. That was followed by another period of relatively nothing. But then middle of May. More heavy volume. Most likely insiders know whats going on but the MM's do not. They are worried but not quite yet. Another 300 mil day end of May. Many investors also start loading up the 1's and the 2's for a dead cat bounce when they see the action. MM's are now worried and most likely also may have covered some but nothing compared to what they have out there. Beginning and middle of June is relatively quiet. But then for the MM's the unthinkable happens.

June 11. Reduction of A/S from 5 to 3 billion.
http://findarticles.com/p/articles/mi_m4PRN/is_2008_June_11/ai_n26670527

The MM's must have been saying. WTF. A reduction in A/S and a name change. OK. No problem they will announce the R/S soon. 3 bil is still a high number. Then comes another blow to them.

July 9. Name change complete with NO REVERSE SPLIT.
http://www.marketwatch.com/news/story/beacon-redevelopment-industrial-corporationfka-intelective/story.aspx?guid=%7B1A96C02D-3BA3-4AE7-B1CF-CC71204B540C%7D&dist=hppr

Then they find out later that this CEO will NOT accept any offers for toxic financing from ANYONE. They gotta be crappin their pants by now. Or... Are they? They ain't dumb and they now realize. WE HAVE TO COVER. S--T!!! So how are we going to cover all these shares without exploding the PPS.

Next chart will explain how and what they have been doing to cover. Not done with it yet but wanted to share my opinion on what I believe is happening and why, and why with all the buying going on this isn't moving up faster. I have seen stocks with a larger float than this move three times as fast. Heck ATWT's float is rumored to be over 2 billion and it moved like butter on a tenth of the volume.