Replies to post #14765 on Bourque Industries Inc (BORK)

[was marketcap]

pacco...

According to the financials, and starting in Dec. 2011, it looks like 200k per month is what they've been raising through stock sales to Fairhills. These prurchases were at a 50-75% discount to the pps at the time. With the share price now so low, I'm speculating that there's not enough "meat on the bone" for Fairhills to continue this program. Thus, JB is selling his personal shares. He can persoanlly sell 1% of the outstanding shares per quarter, and must file each time he does this. So in theory, he can file another 1m in July and 1m in August.

At this point in time, a 1/10 R/S would make sense if he has any hope of Fairhills continuing to fund the company. I can't imagine JB selling at .15-.20 earlier this month if "big news" was around the corner.

IMHO

[mikeg2]

I took a look at that a while back when they disclosed the multiple purchases by Fairhills Capital in late 2011 and early 2012.

At that time, Fairhills was averaging $200,000 a month in purchases of bargain BORK stock as I recall.

So estimated cash burn rate , simplest terms , $50,000 a week or more.

Mike