In addition to what I have said before, I offer the following thoughts for your consideration.
1. Most technical analysis of stock PPS is useless during a period a period where there is a large dispositions of stock in progress, such as the 3.5 million we have with Bork. This is particularly true in a thinly traded penny stock, such as BORK.
2. Depending upon how much more stock JB has to sell and the 500K behind it, there may be a since of seller eagerness to complete sales; which may have a significant downward pressure on the stock, any positive statistic, information, etc, notwithstanding.
3. I find it encouraging that the stock price has not subsided more than it has during this sell JB sell off. It appears to me that there is an increase in stock purchase interest and hence when the sells off are over there may be new stabilized price much higher. Of course this statement is speculative.
4. Although it is not our business, even if it hurts or benefits shareholders, why JB is selling this stock, I consider the possibility that if JB does not raise the funds intended (or needed) because the price dipped to low by the sell that he may find it personally prudent to announce an additional sell off to complete the cash need, after taxes. Again, this is information private to him and he is not obligated to inform the shareholder base.
I will not predict a price for I believe that foolish. However, I do suggest better PPS is ahead depending upon how the sales are doing, and the decisions of the Board of Directors.
So if you are in the buying mood, perhaps there are bargains to be had on Bork Stock as the 3.5 million are sold.
If you don't like my "food for thought" then put it the garbage disposal.
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