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Scorpitron

09/25/13 6:00 PM

#21438 RE: mikeg2 #21436

I don't see how it could really be anything other than folks taking advantage of today's low pps. Anyone familiar with the company at all, as well as recent events, knows about Kryron's massive potential, so grabbing up shares at around a penny makes for huge potential profits if the company turns things around and takes full advantage of the fact that it has a material/process that could be worth a hell of a lot if leveraged properly. It's always a bet when considering whether a company can actually turn itself around or not, but in this case we're talking about a product that is being PROVEN in the laboratory (and has already been proven, real-world, as far as the armor component is concerned as well). So it's not a case of a company with an average product, it's a case of a company with what could be a HUGE product, so there's very good reason to get B.I. out of the hole it's been in. I'd say people are betting that Kryron will in fact pay off...assuming the company stays the course as far as the IronRidge plan goes. Seems likely to me there were probably more than a few limit orders from people who wanted to gobble up shares should pps ever hit a penny, which it did today.

On the other hand, it could also likely be day-traders taking advantage of the recent market slump to grab up shares of companies like B.I. whose pps have been consistently within a certain range over the last however many months, knowing that should it hit 2 cents (or higher) again anytime soon, they can double (or better) their money pretty quickly and easily. They may not know much about B.I. and Kryron at all--they're just playing the numbers. I can certainly see that happening here as well.
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KZMike

09/25/13 6:01 PM

#21439 RE: mikeg2 #21436

I'm flabbergasted at the number as well. . . IMO it would seem positive. Investors were willing to step up and 'soak up' that many shares. . . had that not been the case, prices would surely have fallen below today's levels.

There seems to have been many perceiving good value here. . .

KZM
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RockQQ

09/26/13 1:06 AM

#21443 RE: mikeg2 #21436

Many of those who bought BAM shares got 2 year restricted certs that are probably becoming saleable for the first time right around now, One or more large owners of those may be getting out after a long wait.

Additionally, the Bourque 4-company merger also was voted on and made official 2 years ago this week. Depending on how many of the owners of the companies that were bought at that time (e.g. Kim S and whoever were minor co-owners with him at that time) got restricted certs as part or all of their proceeds in that deal (as opposed to unrestricted shares), these people could also finally be selling after a long wait.

It depends on the exact date of those certs, which we don't know, we can only approximate. But I recall Sept 24, 2011 was a key transaction or board voting date, so it figures big trading volume started Tuesday Sept 24, 2013 and continued today.