I think the ship has sunk and getting $0.08 / share is a good...

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johnmcgee

912 Posts.

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02/10/16

18:45

Post #: 19568633
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Originally posted by skinsy11 ↑

With $4.4m in net equity, there has to be a recapitalisation and hence a 'hair cut' for existing shareholders by way of dilution. Would any of you sink more capital into BYL on the basis that the right board and management are in control? Will the board provide sufficient information to shareholders on the state of each major contract and the net margin expected, if every thing goes right?
I guess this is what capitalism is about. You win some and loose some. Intros case it seems to me a big 'loose' (loss).

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I think the ship has sunk and getting $0.08 / share is a good deal.

Page 63 - emphasis of matter outlines the real risk in a single paragraph. Don't need to read the rest unless you like playing Russian roulette.

BYL Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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I think the ship has sunk and getting $0.08 / share is a good...

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