Excellent analysis BH. Thanks. I agree, especially with this bit:I now support the deal, but will never again invest in a company involving Norm Seckhold.
In essence you are saying BSG was overvalued @ $3.30 because the market was not fully informed. Again I agree and even made an on-line complaint to ASIC over a week ago that BSG was in breach of continuous-disclosure rules but I have not even had an acknowledgement of receipt. I doubt I know enough of relevant rules to have stated my case correctly. Still, they could have asked for clarification.
I can't say I've lost money because I converted options @20c but like you I have lightened up (36K shares) and I expect to dump nearly as much again before too long, keeping a modest speculative stake. CDE does not meet my standards as a core holding.
Note to self: Never fall in love with a company. LOL
BSG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
