I still have to disagree with the pps issue. The mkt. has been overwhelmed with sellling that is coming from some where else other than just normal investors. Simply put, more shares have come to the mkt. than what a small mkt. of investors like bgmo can absorb. Without all of these new shares coming into the mkt., the pps would be much higher. The number of shares that have been traded over the last 3 or 4 months is way more than what is in the float (our shares or free trading shares). That is why I have be stating that the pps of bgmo is distorted for reasons that are out of our controll. A simply case of supply vs. demand and with bgmo not very well known in the investing world this distortion (price management or manipulation) can easily be accomplished. Of course now that the pps is down at these levels, magically someone has shown up to scoop up all of these shares at a discount. If this person or persons were not buying all these shares, then the pps would be at .01 or lower, but no, someone has been buying up large blocks of shares down here and again it is not coming from us normal investors.
I don't believe that the pps of bgmo is a true reflection of investors percetion, but simply is lower than where it should be due to this supply vs. demand issue. But...with the pps being artificially lower, then yes, NOW investors perceptions are indeed negative. Its looks like investors have given up, but it wasn't us that sold this many shares that pushed the pps to these lows. It was done by someone else. I'm not saying the pps would not have come down, but only that the pps would not have collapsed so severely if not for this over supply of shares. In most cases, a low pps would and should reflect investors sentiment as long as the pps was allowed to trade freely, but bgmo has not been trading freely. Its been a one sided afair ever since the pps went over $1/shr. There is nothing us normal investors can do at this time, except wait for the controlling hands to finish up their business and hope their intentions for doing this is for the companies overall good.
The million dollar question becomes, for what reason was this done? Was it 1) a pump and dump by insiders 2) has something to do with a float buy-back at much cheaper prices 3) to raise cash to pay bills 4) has something to do with Esoft now wanting to do an equity investment instead of a loan 5) maybe a combination of these things 6) fill in your own possible reason. Oh, if we only knew!
Cheers!
