"How is this not a bullish announcement?"
- it is not bullish as it is materially disruptive to BCC's largest area of revenue generation (JV),
- it is not bullish because the announcement clearly detailed that the relationship with our JV partner is strained and unproductive (thus completely eliminating any future growth/expansion work, and also eliminating transition into cashflow positive JV situation),
- it is also not bullish because now there will be an undisclosed amount of expediture that will be required for the arbitration process,
- it is not bullish because BOD's energy and focus will be diverted away from the growth and operational requirements to the arbitration/dispute space.
- it is not bullish as it places a big question mark above the future of Zoleo and shelf life of the devices in the market
I can come up with another hundred reasons why this is not a bullish announcement, if you would like, and as you can clearly observe the Mr Market also didn't think it was bullish judging by the volume and SP movement.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 23000 | 13.5¢ |
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Price($) | Vol. | No. |
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1 | 30000 | 0.130 |
2 | 44000 | 0.115 |
3 | 109099 | 0.110 |
1 | 10000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 11759 | 1 |
0.185 | 7500 | 1 |
0.200 | 55694 | 2 |
0.210 | 60000 | 1 |
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