Several points of fact -
Yes there are some of that bought a large block of shares of GPGI before the change to BORK. Selling at today's price, let's say .90 would net me +720% on my initial investment. Not a bad profit. I could choose to liquidate and enjoy the nice return on the investment. In penny stock land that is probably what any quick trader would do because penny stocks are usually traded on PPS rather than fundamentals. It does not surprise me at all about the sell off. For many long time GPGI holders these prices are good enough so they have cashed out.
For some of us that understand the workings of this type of a business, we have picked up the shares as the price has come down. It would not surprise me to learn that several on this board have picked up 500K plus shares. We are not selling - we are buying because of the fundamentals of BORK. Any by the way, the financials that were released did not include the funds from BAM. The August quarterly has not been released yet. It also may not show BAM. My expectations are that the August and November reports will be filed to make us fully pink at about the same time as NIJ and will be followed shortly thereafter with contract announcements.
I posted months ago that I thought NIJ cert publish day would be better near year end or early 2012. Most of the board wanted NIJ cert immediately. The reason I want it later is because the cert coming out before the factory is ready to produce would IMO not be good for Bourque Industries. Customers would want delivery ASAP and Bourque would not be able to deliver thus losing customers to competitors. IMO timing is everything in sales. The US government folks Bourque was demonstrating to take the longest to line up their funds. IMO Bourque has been spot on with timing.
Fact - calls in the last couple of days to a local sheriff and the Department of Public Safety (highway patrol) in Arizona resulted in first - no knowledge of Kryron but second - a real interest after learning about Kryron. The advertising campaign has not started yet and probably will not until NIJ and the factory are ready to accept orders.
Fact - some of us have extensive experience with production lines, QA, contracts, and PR. One of the worst things a prospective vendor can do is put out PR about a pending contract until the contract has been signed. Contract people do not like pressure from public opinion about their business. At best it will sour the negotiations and at worst you will not get the contract. J11 does not have the prerogative of leaking information to the public. Leaks sink ships and contracts. Some contracts with the USG will not be in the public view. We don't want the enemy to know how we are protecting our troops any sooner than possible - if ever. The longer the bad guys don't know what we are doing the longer our troops have the advantage. Most of you do not have experience in military contracting so the constant harping about release of information is like teaching a pig to sing - it wastes your time any annoys the pig.
Fact - released financial information to date does not capture the demo or NIJ test results that almost everyone on this board is aware of.
This is not an emotional venture. All the wishing and whining does not change the fundamentals. I don't expect Bourque to release any more information until it has happened. They are behaving like a company should. The PPS does not reflect on the company management at this point - it is a startup. The PPS demonstrates that some folks have cashed out at a really good profit or lack of understand of the fundamentals. Others have bought for the next phase. Some are very happy to sell at today's price and some are distraught because they bought in higher than today's price.
I am content to rest on the fundamentals and the current management activities. PPS will respond to investor sentiment and personal needs. As the company develops the PPS will take care of itself.
I suggest that investors don't feel like the turkey in the pen but like the farmer who is about to enjoy a great meal. It took a lot of feeding and attention, over time, to be able to sit down and carve the bird.
Regards
