I think maybe the reason it might run is because of the buying pressure when news of the Acquisition is completed instead of almost complete. I think in the penny world when a company says that something is going to happen, its a high risk that its only a rumor and something might fall through. This is all my opinion and I might be wrong here, but I am just sharing my opinion.
I think the reason we dropped from .02 to .007 even .0065 late last week was because of the tremendous amounts of sales of shares in BRZL. Some people think its the company selling shares in order to have funds to close the deal and finalize the Acquisition, while others are just getting out either because of mass selling and panic from the price dropping so low or flippers getting out only to get in at a lower price.
I for one bought in at .009 .008 and some .007 to average my position down to .0087 for all the shares I am holding. I noticed we are sitting tight right now at a support level around the .007's and even with sales Monday we did not go below that .007 level. Sure I could sell right now and take a loss, but I think when the announcement comes out that the Acquisition is complete we should get volume to help raise the price at least back to .02 if not more.
I know that sometimes the price is driven down like this for a reason by our good friends the Market Makers because they are good at separating us from our money. I also know that sometimes when a stock is sitting at its low that its a good time to buy depending on what kind of news to expect. For all we know, the company could have sold millions of shares in order to fund something which will make more money for them in the short term and those that are buying right now are the ones that will get rewarded. On the other hand, a massive sale by the company or many investors might be a reason not to buy because something is going on that others know which everyone else does not.
I know I wrote a lot and it probably didn't answer your question. I think that BRZL has a chance here because at least there is something behind this company. They are getting things done and have an Acquisition which is almost complete at the end of the month, I have seen stocks explode on just a rumor of a merger, what happens if the rumor becomes fact and we fly? thats why I decided to buy, just an impulse, a gut feeling... Just like you, I did very little DD before buying in to this one, but I have a great feeling about it myself. Same one I had about DEGH and that made me a couple thousand bucks, but then again this is all my opinion and I have lost money too, so take it for what its worth.
Good Luck to You and All here with BRZL, if it falls then I was wrong about this one, but if it flys, then I am glad I jumped in.
GO BRZL!
