1 to 3 ,buyers /sellers quickly became 1 to 2 at the opening. and the SP firmed.
I don't see a hedge fund as the sort of "white knight" that would make a good underwriter for the issue that I see as inevitable(,assuming that BLY don't sell the Drilling Servicesa division,which is the best division they have,IMO).
Hedge funds...hhhhmmmmmmmm. Anything is possible between BLY and another party but expressions like "sleeping with the devil" spring to mind.
As others have said-go carefully,very very carefully.
BLY Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
