The charts my friend, I've been preaching the charts for months.
If you look at the trading activity over the last say 2 months, we can see when positions were taken by buying the ask, hence the spike to .50ish. True it was nice to see, it wasn't in my opinion necessary. They would of eventually been filled on the bid but, the buying up to the low .50 range proves how attractive BDIC is as a company. But due to the lower accumulation and lightly traded volume, profits were taken and we settled right within the strongest support/resistance range reflected in charts.
I've learned over the years that trends are our friends. BDIC just came out of their last trend, the Doheny loan resulting in growth and adding value to our investment. They came out of it without accumulating more debt than income producing assets. Though sounds simple, I watch many OTC companies struggle and ending up accumulate more debt than income producing assets on a daily basis and they all eventually tank in pps. BDIC did not do that. They actually took on a million in debt that is estimated to produce for them roughly $2.2 million a year in revenues and, that only includes the assets the Doheny loan produced for them. The pps before the loan was in the high teens to low .20's, now we are at where we are.
I believe we're right in the 'true' value range of the company, what they could sell the company for. We just need to get those filings to evaluate progress and a nice update to see what their next move is to continue growth, the next trend.
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