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Magnetic North Acquisition Corp V.MNC

Alternate Symbol(s):  BKBLF | V.MNC.PR.A

Magnetic North Acquisition Corp. is a Canada-based investment and merchant banking company. The Company is focused on providing financial advice and services to companies in the clean power technology, oilfield services, consumer products, and technology (software and hardware) sectors. The Company invests and manages businesses on behalf of its shareholders.


TSXV:MNC - Post by User

Post by rob2000on May 19, 2004 2:27pm
268 Views
Post# 7507112

It makes little difference

It makes little differenceif people decide to sell after 4 months. These short term investors will probably buy into something else and lose 50%. In fact many of those who have bought into the PP are already selling. They are selling the shares that they already have in hand. Essentially the financing allowed them to swap their old shares for cheaper ones. The underlying fact which almost everyone seems to forget is the reason why BBS is even selling at close to $1 in spite of the hugely dilutive financing at half that price. Who is permitting these short sighted investors or traders to sell at 80 or 100% profit?? Investors with long term vision who see that BBS has the potential to become very profitable in the near future. No amount of selling will change any of that. The permits are secured, the financing is in place, new directors on board (who can see beyond 4 mths), key personnel have been hired. If there are those foolish enough to sell this stock back into the 70`s, I will be there to take advantage. In two years from now, whether you bought at .50 or .70 or .80 will not make a huge difference.
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