I agree Apples, there may be more opportunities both in the very short and long term. The entry point looks very sig and many are sitting on losses I suggest. The recent volume irks me but that's the spec market for you where apparent insiders leave technical footprints all over the place.
The volume will still be high and volatility again will be the order of the day. I'm now waiting for more details and the T3s to leave and hopefully, from a trading perspective, wait for volume to drain but she'll have to be cheap.
For me trading uncertainty and negative sentiment is much better than trading on news where many get burnt due to adrenalin and the fear of missing out on an opportunity to make fast money.
The dilution is obviously going to be nasty, if it occurs.
Smoke and mirrors atm given she is still trading. The risk does exist that she enters into a long suspension so there may be better around, but money can be made with some luck IMO.
BBI may still do very well in 3 years at 6c but she is a basket case atm. Has risk hence the price. IMO, if we assume she continues to trade in her present format, she'll eventually consolidate, after which the registry will have to be re-assembled which takes, from experience, a good 6 months to play out when volatility may cease.
From a basic short term T/A perspective, she also looks terrible IMO given yesterday's close.
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