Since you and I first started discussing $BRS the company went changed CEO, CFO, appointed new BOD members, defaulted on their debt, and filed Chapter 11. In those few months current shareholders have not seen any fundamental upside to their investment. If one were to day trade $BRS / $BRSWQ the possibility to make good money existed.
My guess is post -Chapter 11 $BRS will continue to fall in share price. Management made a mistake by wiping out their shareholder base for several reasons:
- no-one will support the stock
- no small shareholders will be an effective ambassador for the company
- most of those who have been burned will not return
- on a longer term basis, even large shareholders were burned through corporate mismanagement. Now extend that to the mismanagement of equity holders in Chapter 11
Both with respect to the voting machine and the weighing machine $BRS management and then-$BRS shareholders will get what they deserve.
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