TSXV:BNX.A - Post by User
Comment by
Markianon Mar 27, 2014 1:24pm
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Post# 22376940
RE:RE:RE:News: BNP Jensen sale cancelled
RE:RE:RE:News: BNP Jensen sale cancelledSo you're now telling me that the only reason you are buying is b/c insiders are? They release bad news release after bad release - all math, logic, and facts says that this company is done but b/c the insiders still put some of their money into it, you'll join the party? Personally I need more assurance than that. I don't know what logic they are buying off and if they can't explain the opportunity to me or anyone else, why should anyone invest?
If a new asset is rolled in here and they recapitalize, all current shareholders are going to be given a 1 for 20 split or similar and be completely wiped out. The insiders won't mind too much b/c they'll be part of the new money coming in or maybe they'll use that new money to fund their parachutes on the way out and a new team comes in with a new play - which may be good for future investors, but definitely not current ones.
Have you sat down with Doody and Bilcox to see what their plans are?