Post by
BIGSALT on Mar 10, 2014 12:52pm
Financial Situation
Was on Sedar.com looking into financials, and BVE is in a terrible cash flow position, as at Dec 31, 2013 with $377,193 in current liabilities and only $40,975 in current assets, wondering what the future holds and what steps are being made to bring the CO project to life, huge potential here but where is it going to go without the backing within BVE, are there outside investors, private placements seem mut with a SP of $.03, I'd love to hear some thoughts on someone close to the company or project.
Comment by
BIGSALT on Mar 10, 2014 4:24pm
If management is willing to be paid in options then that is enough for me to hold faith that they see value in the SP, and that to me is a huge positive. The big question is, if a percentage buyout does come, at what share price? I'll hold my interest for a while, allot of upside potential if this thing gets some traction.
Comment by
nofluff on Mar 10, 2014 5:19pm
Same mangement here that cut the deal for 70 million for 80% of the Ajax. Our deposit is superior. NF
Comment by
BIGSALT on Mar 10, 2014 11:32pm
So in your opinion Fluff what kind of time frame are we looking at, if something doesn't happen in next 12 months I would assume we are going to lose our find?
Comment by
BIGSALT on Mar 11, 2014 11:50am
Thanks for the insite Fluff, never lose sleep, money that goes into the market is and always will be money I could set on fire and walk away from. Holdings are in the 6 figure shares but more than happy to sit on it and wait to see if there is an upside. Cheers.