RE:RE:RE:RE:RE:RE:RE:RE:RE:limbo stockI am just saying that their Book Value is overstated. And that's nothing new. Many companies all over the world have done that, but the Equities market values them at what they are worth in the current scenario.
The shorts ratio released on 16th July shows a very small number of shorts left in this stock.
Every week about a 1M - 1.5M shares get traded here. I am not sure who is non-stop selling them when no funds holding more than 10% of the float.
I have a suspicion that it could be that BXE has turned on their dilution engine which they stated some time back about $500M. Just my suspicion though.
Small and midcap stocks like BNP, CREW, PONY all are above their Feb lows and marching towards Green YTD while we are in making of a new low. Even a small cap NG play like Pinecliff has almost doubled in the last few days.
I know being optimistic is a good thing but one has to be cautious as well? Especially given the company has a history of dilution and Reverse Splits and recent conversion of debt into equity at all time lows?
I like to debate the positives vs negatives. In the short term it could make either move, but if it goes much lower from here then next move would be another RS and that will be a very bad move for all of us SH here.
Thanks for your time.
Neo1236 wrote: What are you saying the accounts are made up?