Replies to post #1168 on Buyers Group International Corp (BYRG)

[Marco72]

Can you please confirm the 28 billion by any links ?

ps. I don't believe www.otcmarkets.com, so any other link talking about whatever too many billions .. do you have ?

We are now lower then pre-split price with 100 times more shares outstanding

Correct ... 0016 must open 0.32 and now 0.0032, this is the 100 times you mentioned and I agree.

I just searched a lot and can't get a confirmation for the current structure. On the long term, all the pinks are pinks .. we trade pinks and understand the %6000 up and %99 down, but on the short term ? as you said, it's 100 times below the (lower price) before the RS.

one day before the RS it was 0066 , in the same day down to 0016
so even the 0.32 was the low of the day before
and now 100 times lower than the low

I think -if- it is really 28 billions, there is no hope than 0.0001 very soon, otherwise if this is not true, there is a big chance to see 1-3 cents back with any single news, which is %1000 profits from here.

if you can confirm the 28 billions, I'll sell and take my loss.

[Marco72]

Funny, remember the 100 times down we talked about ?
a new record, 188 times down.
in the last 55 hours there is 10 times down.

That's why I don't believe the idea of (company is selling, they have 28 billions). Unless they are stupid, no one dilute this way with a large amount of shares. Smart people/companies use the 30/60 theory ... buy 1.000.000 market, then put sell order for 2.000.000 on the ask. But selling 4.000.000 on the bid cause the price to drop 100 times with just 15 millions volume in the past 3 days ... I mean .. another 10 millions Thu. and 20m by Fri. we will reach bid Zero ask 0.0001, how they will sell the rest ?
RS won't help here .. if they do RS with the same scenario they will only sell another 40-50 millions, they need 20 RS to finish selling.

So,

I believe someone got free shares from BYRG, and he is selling because his -real- cost (debt) per share something around 0.0001.

As soon as this seller finish, BYRG will announce something to bounce the price up a little.

PS. the idea that BYRG could be stupid is worth thinking about too.