BAY Sell on NEWS/MGMT STUPID Financing Plus LiquidityThe selling we are seeing on BAY and many other stocks is SELL on the NEWS, as in the past Bear MKTS. Investors are seeking Liquidity to raise Cash & Fear.
The resu;ts are very good BUT thanks to STUPID Financing by MGMT, plus opting to allow Free Trading Stocks under the new rule with the Financing really killed the Valuations. How Stupid is MGMT that they accepted such a discount from 30 cents to 19 cents plus free trading shares for the financing???????? Can't wait to the next financing?????MGMT has to stop it and they have to find better advisors?
Liquidity - we have seen it before- Stocks showing any Liquidity will see selling when Funds/Investors have to raise CASH. Seeing in the Aussie MKTS to along with other MKTS.
Perhaps we will see a 100% retrace? currently at 8 cents we could see stock fall under 5 cents? For a excellent project???