RE:Wow no reaction to this news surprising Deep pockets supportciretaka198 wrote: Deep pockets not letting this default and the reaction. uh meh who cares. This does not bode well for the pricing of the next tranche
I agree. They need to give investors a reason to buy their stock. While the drop in their share price was enough for me to give them another look, their Aug 11 NR killed it for me. I wouldn't buy them at .50 a share in their current environment/state. If you believe in a turnaround, that's OK if you currently own shares and are patient, but if you want to accumulate a decent position, the volume is so low that trying to establish a position, and later get out of that position, is a big unknown, as the daily volume is next to nothing.
I'll be checking back on BYL once in a while to see if there's reason for hope. Like I said before, I'd really like to see a major shakeup. Clean house. Issuing a bazillion shares for cheap wouldn't be a bad idea either. At least it would bring some volume to the stock. Another idea is a buyout, but that would probably be on the cheap. Anyone have any other ideas how they're going to turn it around?