Post by
ctblizzard on Jan 22, 2019 11:48am
BILZ opened for trading
As mentioned before the old ALQ stock was halted for over a year, almost a year and a half I think. It finally came out.
The stock left off at 21 cents when it was halted.
The stock was reversed 1-10 (1 for 2 then 1 for 5).
That would leave a break even price market price based on the halt day of 2.10.
The stock is currently at 3.72 but has traded in a range of 2.48 to 3.94 since opening.
Overall for the halted shareholders it looks fairly decent.
OMNI plans a similar path (hopefully less convoluted and quicker) and based on the filings it seems it might come up sometime in the Spring or at least we will know more by then providing they raised the cash needed. The BILZ offering going well might help that cause.
So maybe we are not shut out yet.