GREY:BIXZF - Post by User
Post by
Kantenahon Aug 10, 2010 10:14am
550 Views
Post# 17337008
You knew it was coming.
You knew it was coming.
I am surprised by the number of posts on this board regarding the PP. It was no secret that additional funds were going to be required for Minot. Why are there so many posters that seemed to be be shocked and/or displeased with the announcement? Personally, I am glad they decided to move ahead sooner rather than later with the PP and 1.95 is a respectable price. Personally, I view the PP as a "vote of confidence" from the investment community regarding the future of the technology and the business.
My one concern is about the timing of yesterday's announcements. It seems to me that there was a bit of a game being played by announcing the positive production results early and then the PP late. They should have given shareholders and the market all of the data at the same time. Those "in the know" about the PP clearly had an unfair advantage in yesterday's trading.
My status: I am long with a significant investment and will likely be holding BXI for years to come.
All IMHO
-K