BRM.v, I'm not sure actually why the selling although volume is relatively low but still. Maybe the below in bold? Might just test the MA200. Cartonet has more insight into the company but apparently he also thinks it's a big buy down here.
"General and administrative expenses of $537,000 incurred during the quarter were higher than those incurred during the first and second quarter due to a $195,000 provision record in the third quarter against certain accounts receivable due to uncertainty over collection"
Nothing in that report justifies this sell off IMHO. Note the selloff actually started 2 weeks prior to the report with TD SEC dumping at about any price which he has done again today and in larger volumes! Lemmings following him too.If anyone interested in seeing the data to prove above statement, inbox me and will send you by email as here it pastes in piss poor format. Bottom line: Basically this is related to a single seller and has nothing to do with fundamentals of co as shown on yesterday´s quarterly results. I will try to reach the CEO today and ask him about this. I would certainly hope to see some of the insiders doing some buying here even if in small amounts to show conviction to market.
BRM.V BIRMF People sold it off due to EPS coming in at .01 vs .02 the past 2 quarters. It's due to a 1 time charge but plenty of people only look at the headline EPS number. I thought it was a good report backlog and revenue up nicely.
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