RE:RE:RE:Low after Low!A small company that produces physical products and carries too much debt in a rising interest rate and inflationary environment = disaster in my opinion no matter how many shares insiders own.
When existing debt matures, how much more interest will they pay upon renewal given the company is already swimming in debt? Any lender willing to take a chance will almost certainly insist on a big risk premium. Couple that with a rising interest rate environment and the renewal rate is even higher.
Sell assets to reduce debt? What are they going to sell? Their marginal assets won't fetch much. If they have assets of significant value, what's the company worth without them?
Equity raise? Sure, if you want to dilute your shareholders with an issue price this low (likely with a futher discount to make it enticing enough for underwriters and/or private placement parties to take these new shares).
Manufacturer of products like BYL are also vulnerable to higher input costs in inflationary times. Passing on the costs to clients may equal less sales.
So, where's the catalyst for a significant rise in the share price anywhere in the near future?
The only thing existing shareholders can hope for anytime soon is if BYL is taken out, but then again, how much would another party pay to inherit this mess.....?