Replies to post #179171 on ORIONS Money Stocks

[picheljitsu]

Sucks that some people got burned on BNVI. I played it for 2 days; made a ~25% on a small position (thanks to someone here that alerted it). Being sub-dollar and not having any near-term catalysts (at least I believe) should have made anyone trading it tread lightly. Those were the first things that popped up in my mind. Bios are a mine field of a$$ hattery.

[jmvala]

They did a 1:5 split hence the reason the PPS dropped below the minimum, check the chart and you will see it. NASDAQ gave them 360 days to fix the error and they didn't. This company shows no reason not to believe how the 8K and news reads. They have only done one split and it was for funding in 2010. If this was a dilution it would have earmarks of a shell, the company has been operating well and on NASDAQ guidelines. How the shareholders see the news will reflect on Monday when the market opens, but looking at the absorption at .15-.16 I think this could be an easy 20-50% as the company has done nothing to show it is in error.