BBTV Holdings 7 Unsecured Convertible Debentures T.BBTV.DB

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:As predicted...

[marketguru]

I think that's wishful thinking and likely not going to go anywhere. A large global company like Pwc wouldn't risk itself for a tsx listed company, specially the likes of BBTV so there’s likely nothing wrong with financial statements or their revenue recognition.  Their margins were always low but in actuality I don't think their revenue is what caused the decline, I think it was their bad balance sheet coupled with poor execution by the bankers (Canaccord), all of that doesnt change where things are at. The current macro environment doesnt help either. They need to reduce their costs and they have began doing that and I would be very suprised if they dont cut further costs. Bottomline, $16 was its peak and this will have to settle somewhere, so far markets think its work $1.5 to $2, could it go lower for sure, but could it turn things around, I think getting to profitability is key and I want to at least focus on what they are going to do looking forward.