OTCQX:BGMZF - Post by User
Post by
halcroon Jan 21, 2016 1:41pm
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Post# 24481187
Action. Jackson
Action. JacksonHere it is, 21 days into 2016, and it seems that the new norm is 23 cents, down three cents (11.5 cents) from December 31, 2015's 26 cents.
Last retail-subscribed private placement was six-million-plus flow-throughs at 32 cents on June 9, 2015 (insiders picked up almost a third of the paper). This PP was undersubscribed by almost 1/3.
One prior to that was 6.88 million shares at 50 cents starting around Feb., 2014. This was to be 10 million shares, so under-subscription of almost 1/3 again.
IMO, a disaster for the retail investors who bought at 50 cents, with just 110 million shares out.
Paper for debt at 50 cents also way underwater.