OTCQX:BGMZF - Post by User
Comment by
pigbruinmcveidon Jan 21, 2016 3:58pm
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Post# 24481786
RE:RE:Action. Jackson
RE:RE:Action. JacksonDisaster is right.
It was much better for the average joe under the previous management, you know the guy who raised upwards of $130M. At least when he ran things, there was usually a price bump after financings so a little guy had a chance. Now it is just sharks eating chum... Well, what do you expect when little guys try swimming in the same pool as a drop off from the Forbes billionaire list... the man just be keen to get back on that list eh... just saying...
halcro wrote: Correction
halcro wrote: Here it is, 21 days into 2016, and it seems that the new norm is 23 cents, down three cents (11.5 per cent) from December 31, 2015's 26 cents.
Last retail-subscribed private placement was six-million-plus flow-throughs at 32 cents on June 9, 2015 (insiders picked up almost a third of the paper). This PP was undersubscribed by almost 1/3.
One prior to that was 6.88 million shares at 50 cents starting around Feb., 2014. This was to be 10 million shares, so under-subscription of almost 1/3 again.
IMO, a disaster for the retail investors who bought at 50 cents, with just 110 million shares out.
Paper for debt at 50 cents also way underwater.