GREY:ABGFF - Post by User
Comment by
camphoron Mar 02, 2012 11:12pm
445 Views
Post# 19621426
RE: RE: rating
RE: RE: rating We are powerless to stop the manipulators. In order to increase the share price, we have to have positive cash flow to increase our book value. A normal company's market price is at least 2X higher than their book value. Most of the companies have way higher ratio than that. Right now, BZA's ratio is about 1.7X (50c:30c). I doubt that we are going to trade around 50c, when the book value is higher than that.
Oh well, think it this way, the only reason that the manipulators are doing what they are doing right now is to accumulate more shares under 50c. I don't think they are manipulating the stock because they are bored. If they just want to sell their shares, we wouldn't be holding at the 50c level for 2 months. They are doing this because they know this stock has great potential.
I am just gonna hold my shares and purchase more under 50c next week.