interesting article about ABCPI do believe BTC is extremely lucky it didn't have anything in the ABCP.
Investors jeer, heckle ABCP committee
https://www.reportonbusiness.com/servlet/story/RTGAM.20080402.wabcp0402/BNStory/robNews/home
At one point a questioner asked those who intend to support the plan toput their arms up, prompting fewer than 10 hands to go up in the air.
His breaking point appeared to come as Bill Galine, executivevice-president of Universal Uranium Ltd., posed several pointedquestions, including, “Who is going to jail here?”
Universal Uranium, which is listed on the TSX Venture Exchange, holds $1.4-million of third-party ABCP, Mr. Galine said after.
Like many individuals at the Vancouver meeting, she said she put hermoney in third-party ABCP through Vancouver-based brokerage CanaccordCapital.
Another Canaccord customer, Garry Walker, said he will vote against thecommittee's plan unless Canaccord or other major financial institutionsand pension funds that are involved in the ABCP market ensure he gets100 cents on the dollar for his commercial paper holdings.
“We'll scuttle the whole thing. And then we'll sue,” he said.
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This is the only reason why BTC is not going up while the bids are getting larger and larger but Anonymous who could be either Northern or Cannacord or who ever else needs the cash desperately to keep the small retails guys from taking them down are hitting them. My guess is that the with the slight increase in share value today plus we still have way above normal volume that we could be coming to a end from these desperate companies but who knows in this crazy market.
All that I know is that this year is going to be huge for BTC drill program. With the market turmoil, there's a lot of juniors with no cash to drill and guess what BTC has truck loads. In theory the lab and the drill rigs should be available all year long. With all the properties that they have lined up to drill, there is no way in h*ll that one of them doesn't hit. They have way too much experience for them not to hit at least on one of them. I take that back, Hope brook has a discovery so I say at least one not including Hope.
Check out the latest updated property map
https://www.bentonresources.ca/s/Projects.asp
IMHO this company is way under valued but I attribute that to the ABCP problem. Once we clear that then look out above.
JMHO
MM