Replies to post #6943 on Bourque Industries Inc (BORK)

[RockQQ]

Sojomy is correct

[Bama2]

Sojomy,

I am probably wrong, but the item I read (I think) said there were approx 2000 shareholders, not traders. I believe this had something to do with the OTC filing. If this is so, to me this would mean that there is very few people that have even heard of the company much less have looked into the product.

Those that are predicting the PPS to be in the $20. to $30. range before year end make you want to rush out and GET MORE BORK. And I am tempted to do just that, but is this even possible or realistic. I sure wish I knew.

[Flatcat]

That is what I thought too so I called Fidelity. The representative explained, after having to go to a senior person, that when stock ownership is reported out each shareholder is reported as a separate line item even though Fidelity is the fiduciary holder for all holders of that stock with Fidelity. So it appears that there really is a small number of shareholders and from what I see hardly anyone is willing to sell.

Recall that the 2000 shareholders was based upon an average ownership of 11,400 shares per investor. Since I personally know several investors who own 100,000 to 800,000 shares, what we have are a few large investors and many small investors. The recent trades seem to back up that thought because an investor currently owning 300,000 shares is probably not going to place an order for another 100-500 shares. Many small trades going through but very few of significant size.

I like how RockQQ laid out a typical path forward in PPS in #6849. I think it would help if we had more shares in the float.