Firstly I'd like to acknowledge that great "3 Options" post by martincopper. That sort of post is so much more refreshing than the typical "pump and dump" type replies we see on Hotcopper or the "lets get aggressive with anyone they disagree with" type replies.
I have no idea whether BID is a good investment at its current share price and I have no idea whether BID is going to turn their business around or not.
What I do know is that BID themselves have published the time-frame by which they will run out of cash, based on their current business trajectory. You would do well to keep an eye on that, because if they don't turn around their results very quickly, they are going to need to raise more money. If they need to raise more money, you would expect they will seek to do so via a share raising and we all know what that will do for their share price at that time.
It would be interesting to know what BID's banking covenants are, (assuming they have banking covenants in place). you would think that the current share price would be putting a strain on any banking covenants (should they be in place).
If anyone has any information on any BID Banking Covenants it would great if they could share that information.
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