Post by
Royal10 on Apr 19, 2017 9:52am
BGN: end of 4 months holding period tomorrow.
Following the issue of 20.5 million shares on Dec. 19/2016, the 4 months holding period ends on April 20/2017. See press release 2016-12-19. This event should put some pressure on the price of the stock! Fortunately, fundamentsl are strong!
Comment by
Royal10 on Apr 19, 2017 9:54am
BGM instead of BGN (my error).
Comment by
Cartman666 on Apr 19, 2017 10:19am
Usually with the hold period, they are permitted to begin trading out 2-3 business days earlier, which means they've already been selling into the strength - this might explain the smack down off the high the other day..
Comment by
gordo32 on Apr 19, 2017 10:41am
Cartman666 I was not aware that was a possibility , if you are right that would explan the smackdown.How is that done? Gordo