Post by
drunk@noon on Jun 13, 2024 9:23am
no one dumps shares for hate. Unfortunetly is they
own a large position of shares, they know more about the situation than we do. So why are they dumping on such good news when ----with the information out there-- it is irrational. Remember this is someone who was willing to invest in B Fasto in the first place. Such fators for low valuation as people not being aware of a tiny mincrocap stock located in B fasto makes sense for a low share price. But for someone aware of the intrinsic value and was comfortable enoough to invest in B Faso is selling hand over fist is worrisome. Possible reasons
A) management is up to some mind numbing bonehead move---involoving of course dillution.
B) The situation on the ground in terms of government/politial risk isworse than is being let on.
Will govermnent counitue to act responsibley, in terms of royalites taxes. Or could they decide they want 80% of the proceeds and if the companies don't like it they can leave.
I haven't a clue of which it is,