ATTENTION Fellow BKMPers. Just spoke with Sandy--
Apologized that it has taken him some time to get back w/me, and that he knew the question I had for him has been on the minds of many. In one word, "DILUTION."
We spoke about the TA handling transactions involving liquidation of shares in lieu of cash-payment toward the Convertible Note.
Whatever shares are generated as a result of these trxs. IS NOT HAPPENING NOW because of a TWO YEAR HOLDING PERIOD prohibiting them being traded on the open-market. That is, shares liquidated in lieu of cash paymnent toward the CD cannot be excercised until Fall, 2007.
Sandy's guess is that the supression of share price is likely being caused through those holders seeking instant returns on investment, a.k.a. flippers.
He commented that the problem for BKMP is that it is viewed by those typically trading pinkies as another typical pinkie and thus is heavily traded through flipping.
He went onto comment that even though many choose to flip BKMP that they only have about 45-days left to do so for it to remain profitable.
News releases will start to roll out at that time that will, in his words, "Blow Your Socks Off," basically anihilating the current environment that makes flipping worthwhile.
Asked if he could elude or drop a hint regarding these "earth-shattering" releases, he responded that if he did tell me he would have to kill me. Told him no-thanks, I want to stick around so that I can reap the benefits of BKMP. He laughed and I thanked him for answering the question on the minds of many.
Another observation. I had asked him why he doesn't put out a release to this effect. He told me that up until about a month ago he had time to focus on these types of issues, but that today the demands of this burgeoning company pretty much limits his time to issue these types of PR's. He says that he believes that the share price of BKMP will benefit much more from the effort being put into what is soon coming to fruition. He concluded by reiterating, "Give it about 45 days."
