GREY:BXEFF - Post by User
Post by
RichyRich$on Oct 19, 2019 10:17pm
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Post# 30248164
Low Price to Book Value
Low Price to Book ValueHarjay... Yes... there's not only the possibility of of making it back at last close of $.38... but also a chance to make a gain. I've been through this before with Primero Gold and it got bought out 4 X higher for the share holders. People on the message boards can be negative. But if you watch a YouTube Video Brent Eshleman at the Energy Conference in 2018, he's very professional and positive about Bellatrix and its value. They're not emotional and negative like MJ paints. The key thing is that they are putting it out there for competing bids. That's a good thing and creates high bids. Just think when you want to buy a house and you have multiple offers. It wouldn't sell at a bare minimum with competing bids. This looks more like a proactive move as they barely defaulted and could have paid the few Million short through a private placement. I think they already had a buyer in mind and are now doing due diligence on the open market. If you Google "Book Value stocks" you'll see that when a low price to book value (market to book value), a buyout usually works out well for the shareholders.