Dudley bails November 7, 2018
Good Morning Subscribers and Investors,
I had great expections of gains from my position in the Blackbird Energy Warrants, TSXV:BBI.WT.V
and was fortunate to have purchased some of my original position at C$0.07
With the recent news of Blackbird merging with Pipestone Oil Corporation, my views have changed.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBBI-2676422&symbol=BBI®ion=C
The transaction is anticipated to be closed in early 2019 which to me means continued uncertainty for
the next two months or so.
Also, these warrants will be subject to a 1 for 10 reverse split as part of the deal and thus much of the upside
leverage will be lost, in my opinion.
I will be the first to admit that this transaction is not easy to understand and I don't want to have uncertainty with
my positions, but to be knowledable and confident of the upside possibilities.
Subscribers and investors may disagree with my decision, and that is okay, but for me
there are many other great long-term opportunities with stock warrants in my databases.
Making buy decisions is often easier for me than the decision of when to sell and I sure
do not like to be selling into a declining market but I am comfortable with my decision to
sell my warrnats.
Good luck with your decision and trading if you own these warrants.
If you are not a current subscriber to my services, I encourage you to join me soon.
All the best,
Dudley Pierce Baker
https://CommonStockWarrants.com