Many on this board have stated that the prospective run in BEDA share price has MCLN-like (.04+) potential and I agree. Here's why:
-Over the past few weeks many longs have been accumulating and tucking away large positions in BEDA.
-Once the buyback announcement is made the company will begin buying shares in the open market thus reducing the available shares (that is if they haven't been buying already) and bidding up the share price.
-Once the buyback announcement is made the MOMO crowd will come into BEDA in a BIG way as the percentage gains from these levels could be huge.
-Once the buyback announcement is made the MM's will have no choice but to cover their shorts thus bidding up the share price while the available shares shrink.
-Once the MOMO created from the announcement of the buyback starts to wane (probably after about two weeks and a share price of .015) BEDA will announce the closing of the Texas Mobile Health Acquisition which will generate between $3-$4 million in revenue and push the share price to a minimum of .04.
This is all IMHO but I believe very possible especially when this scenario discounts any additional news that BEDA may have in its pipeline.
Thanks for that! I do expect a penny or two .01-.02 on this one soooon! When all hell breaks loose on friday people will wish they had a piece of this one. I say were going to get some massive buy ins tomorow.
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