Thats a bold guess, If they make the announcement this week, and Oaktree waive the covenants, yeah this will probs bounce up to 50 / 60 cents.
But if they don't make the announcement this week, I can see shares dropping all the way down to the high 30cents mark.
But if they make an announcement that Oaktree want their cash back... well, wow, goodbye value, this will drop to 10cents or go into a suspended trading and never come out.
BLA Price at posting:
44.0¢ Sentiment: Hold Disclosure: Not Held