and to add to this why would a fund or underwriter out there money on a company that's going no where? it's not like these funds have unlimited cash and clients there like any other business. they could just say nope dog not worth it but they see upside in this.
from my experience these guys aren't in it for a 1.5c take over or any bs like that. funds don't work that way there not traders there isn't enough buyers if they did push the stock up to 1.5c or 2c or even 3c.. they see this stock above 10c now that might take a few years or tomorrow it doesn't matter they are in it for the medium to long term.
Blk has options they can buy back there shares to have less on the register, do a share consolidation. I look at GOR they where a 6c stock and now 1.35 so 10-20-30c is not out of reach and right now there realistic numbers with what they are doing. now 10c is far from the $1 we once saw but I think that price is justified right about now
BLK Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
