RE:RE:RE:RE:REVERSE SPLIT ~!!!!I second it. Great point. I was thinking the same thing when I first read your Post. How can people trust this company now, to invest in it for growth, at those high SP ranges? IMHO. Words are nothing coming from a CEO from a Public company with a Lying background. I forgave him. But I still think he's a lousy businessman. I want to see 2 to 3 more years of him keeping his nose out of the company, before I even start to trust him. I was hoping that they (the Board) would give BD and EM a couple of years to see what they've created in BBA before they would pulled the trigger on a Consolidation. But the Manipulation must be sitting on their craw. I don't really care for this war excuse for keeping the SP down.
But I really believe that $15 or $20, or even $30 dollars a share for this company is a price, I would pay for their shares right now. As you say. IMO. If the residents of the Province of Quebec won't pay $1.50 for it right now? Because the Family has burned the Quebec Public umpteen times, with this stock. How do they expect to get the higher SP's for it from Bay street. The only way as Bicente says, and I agree with it. Is that they churn out profits and +FCF's from now on through the end of 2023. Had they timed the Consolidation announcement for the end of 2023 when they had Pearson running, and increased production, thus increasing +FCF because of all the other cost savings, and Investments they made in the company's Service Business success, then I would have went along with it. But I suspect that this consolidation decision goes deeper than that. I don't agree with either the timing of this decision, nor the multiples of 30 to1. But they did it, and I have some decisions to make if they go through with it. I'm not married to anything. Especially to someone that I have no RESPECT for that's running the company I'm invested in.
bicente wrote: Good post with good points . Bottom line is that the bomber has to have great performance in order for this to work and they will .Nobody will buy shares and invest without potential and execution , no matter what price ... we shall see ... GLTA
Luckyeleven wrote: No you can short 300k shares for that 15 share price which has the same impact. Any damage if any will happen before the split if there is on as folks who aren't for it will sell. i'm sure they already have the voting shares for it to go through as retail vote means nothing. Basically their release does lack transperancy so not like they will ge gaining any trust anytime soon. If investors won't buy at 1.5 they won't buy at 15. A few weeks ago here some were saying BBD doesn't need institutional buyers and their progress is enough. Now many just grasping at straws trying to spin it as a positive which may be but the reality is nobody knows. I could care less either way as I am not married to BBD like some here. I can pull the trigger any moment and it is what it is a winning trade or a losing one. From what i can tell too many have too much in one stock and not diversified and that's the first mistake when playing the market. The market made a good run last week and an opportunity missed so who knows what comes this week. I'm sure volatility will be the name of the game. TSX set record highs 3 days in a row last week. Futures trading down so far tonight but by morning that could change.