There were a lot of people who bought in this range for the past couple of weeks. Many weren't expecting the delay.
Then the stock went to .0002's. This probably has some large holders jittery and maybe they are trying to get out even?
Personally, I think they are making a huge mistake selling at these levels! Next week I have no doubt that BCND will be above .001's after news is released!
It could see .004's depending on the size of the contract?
Keep in mind there is no dilution too.
Repost of Today's PR looks like this company is legit to me;
Beacon Redevelopment Industrial Corporation Accepts Bid for the Salvage Operations of its Westmoreland Glass Site
NORTH HUNTINGDON, Pa., Sept. 19 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (OTC:BCND) today announced that they have received and agreed to a winning bid for the dismantling and salvage of its Westmoreland glass property.
The company has accepted a bid and now has its corporate attorneys reviewing said company's bid for financial ability, proper insurances and licensing requirements. If all is in order, the company will execute all the required formal contracts immediately and announce the terms and winning bidder early next week.
"I am relieved that this process is over as it took longer then expected, as in any business process while being the head of this company it is my responsibility to get the best deal possible and this was a long battle. At the end of the day I believe we received the most money possible and I am proud of my team's hard work and look forward to the next deal," said Adam Marek, President & CEO.
About Beacon Redevelopment Industrial Corporation:
Beacon specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices, the properties must offer recyclable/salvageable materials along with the potential for redevelopment and or desirable development potential; the company also seeks along with the above for mentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Please visit the company's website at http://www.beaconredevelopment.com/ for all the latest information and updates.
This press release contains certain forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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