OTCQX:BGMZF - Post by User
Comment by
yaponskion Jul 18, 2013 1:25pm
76 Views
Post# 21616039
RE:Nobody else
RE:Nobody elsecabsav,
As days slip by without lifting of trading suspension, probability of never trading again increase. Still very low probability of never trading again, maybe something like 1 in 50 or 1 in 100 but definitely a possibility. Fact that company has not been able to provide update on progress towards lifting of trading suspension significant problems... like maybe raising capital to show $100K of unallocated funds, net of current liabilities.
I believe odds of private placement in region of 5 cents per unit (each unit comes with full warrant at 10 cents good for 5 years) is what it will take to it trading again. But wait, Rex's boys were offering PP at $1.00.... looks like good deal if it is still on table.... maybe company will supply news release...
I wonder if Rex and company are sad BGM didn't take them up on offer of $1 financing. Interesting days ahead.