BLY 0.00% $2.91 boart longyear group ltd

Ann: S&P Ratings Services Downgrade, page-16

  1. 2,163 Posts.
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    Dips. A 4 for 1` might do it.
    The pivotal feature of the modus operandi is that the "underwriter" actually wants the(new) shares- its in effect a painless,uncomp-licated, partial takeover,a securing of a decent stake in BLY without any problems and with virtual certainty of getting a significant % of what the "underwriter" wants as a result of the legion of people not prepared to put another dime into a company.
    There used to be a thing called "shareholder responsibility"- an acceptance that co-ownership brings with it an obligation to stump up with more funds to save the company-YOUR company-if it strikes hard times and not rely on outsiders/others to bail you..
    If you paid $3 for your shares then 5X15c=75c is only another 25% beyond what you have willingly put into BLY. Shareholders in family companies would,in many cases, probably think you are getting off lightly.
 
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Currently unlisted public company.

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