OTCPK:BUENF - Post by User
Comment by
minedrilleron Jun 23, 2022 11:01am
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Post# 34777019
RE:RE:RE:My Concern for BLU is...
RE:RE:RE:My Concern for BLU is...Could tank. Though a $3 whipsaw movement could be interpreted as a tank especially if you buy in high. But again if the SOOTHE result is favourable then it will recover and move forward from support and gain highs - one presumes. Seriously that's how it works in the real world. And there lies the problem. The resilience you speak of is the market recognising the value potential of BLU 5937 -- cause it ain't their balance sheet and that is what's keeping the stock afloat as of this minute. Any shenanigans by BLU or "the market" around time of result will be a serious red flag and will lead to more legal scrutiny than their last calamity. So yes I agree with you I don't trust them either - with a caveat, the fact is, it's a Canadian stock, and I have learned not to trust Canadian stocks since 2013 (a certain election result seriously not helping). Also the slow controlled swings with BLU are either an idiosyncrasy of the stock or blatant illicit manipulation. Either one or the other. These shifts are not based on anything in reality as far as I can tell and could be a generic algorithm or something far more sinister. Again one note of hope though is with the securities laws in each of the Canadian provinces, so if BLU has favourable news (and I truly expect they will unless their marketing until now was a total fiction, cautionary disclosure or not) from the SOOTHE trial then that will be a positive for the stock. If and I mean IF they make another move post or pre results which not only spooks but alienates the market (which appeared deeply suspicious) then as I already said they will pay the price in court. That could or would tank the stock and it would be game over for their reputation. The days of them sailing close to the wind are over. This is their last shot. I genuinely hope they know it. They're playing with individual’s cash not their own so if you haven't already bought in I would reconsider.