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BroadVision Inc. BVSNQ

BroadVision Inc is a provider of social business solutions. It develops, markets, and supports enterprise portal applications. The company offers a robust framework for secure, mobile and cloud-based collaboration, information sharing, and knowledge management. It operates through the electronic commerce business solutions segment. Its software solutions include Business Agility Suite, Commerce Agility Suite, Clearvale, Clear, QuickSilver and Vmoso. The reportable segment includes facilities in


OTCPK:BVSNQ - Post by User

Post by tooclassyon May 02, 2012 8:05pm
411 Views
Post# 19864106

NIA dumps BVSN stock position

NIA dumps BVSN stock position

 

Pump and dump drama may be concluding
 
On Tuesday April 24, NIA released their text version of NIA's brand new '2012 Enterprise Social Networking Platform Report' and stated: "Disclaimer: NIA currently owns 158,000 shares of BVSN. NIA intends to sell its shares and can sell them at any time." The stock closed that day around $30.00.
 
Today, May 2,  they announced they own 35,000 shares of BVSN, so they must have sold 123,000 shares (77.8%) of their position during this six trading day period following their promotional report, while today announcing a new stock pick. BVSN stock hit $56 two months ago and closed today at $22.13. Presumably NIA will sell the rest of their 35,000 remaining shares shortly and that may put further downward pressure on the stock, at least in the short term. Regardless of the future performance of BVSN, one thing is certain, NIA helped early buyers of BVSN to make money while most later buyers were left holding the bag with substantial losses.
 
TC
 
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