GREY:BNPUF - Post by User
Comment by
Donhowon Jul 05, 2019 12:17pm
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Post# 29889891
RE:Insiders at BNP
RE:Insiders at BNP Insiders problaby got most of their shares as options or other very reduced cost and will be rewarded with the same percentage of new shares after the 20:1 that will happen soon. They will do as they are told when the refinancing takes place within months. Then the company will be positioned for the coming pipline expansion, etc. and better times. However any present shareholders will have the equivalent of a .02 share. It trades in the .40’s now.
As far as hedges,the prices they have been getting are not cutting it. They should not have purchased assets and should have sold some and reduced the debt. All the moves they made were to set up for the future shareholders benefit when the debt is converted to shares.