Friday, March 25, 2011 4:21:24 PM
I doubt very seriously the price would move at all. The "institutional" groups will prioritize their trades, even though theoretically illegal, and the retail trader will see no effective change even IF we get a bid. Just try selling at .0002...good luck.
I don't think there will be a reverse split for two reasons....anybody willing to increase the O/S 28 times in 6 months doesn't care, they will just keep printing certs. And there would then be no bottom to rub against again risking even further price declines and Cap.
I would not doubt that 8BD.F has accumulated some decent cash as those properties we gave them were generating about $100K/Mo with BDGR likely paying the production costs. The question is how is is going to be properly distributed back to us when we gave them 100% of their assets for 10% of their company. Until somebody puts about $150M into that company, we have been screwed. BDGR and 8BD.F have already apparently "co-mingled" their accounts so we may never be able to figure out what is going on. It will be interesting.....
I don't think there will be a reverse split for two reasons....anybody willing to increase the O/S 28 times in 6 months doesn't care, they will just keep printing certs. And there would then be no bottom to rub against again risking even further price declines and Cap.
I would not doubt that 8BD.F has accumulated some decent cash as those properties we gave them were generating about $100K/Mo with BDGR likely paying the production costs. The question is how is is going to be properly distributed back to us when we gave them 100% of their assets for 10% of their company. Until somebody puts about $150M into that company, we have been screwed. BDGR and 8BD.F have already apparently "co-mingled" their accounts so we may never be able to figure out what is going on. It will be interesting.....
I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.
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