Good to see the greatest minds working through probability here whilst the SP is well below Placement price and a high chance of falling short is on the cards with no underwriter.
In my 5 years since joining BRU forum the only constant has been Hoots mocking Eric, the stocks hopelessness, foolish investors and the shorting cries for why the SP is and has performed so terribly season after season.
Other than hoots being proven right again and again about the folly of investing here. We have also had a good 10 conspiracy theories like Twiggy taking over and a gas line to NSW etc.. all have been worthless and eventuated in nothing but a downwards SP momentum and coincided with optimism from previous drill campaigns.
Hoping our latest sleeping partner has more skill and the bigger equipment to pay the bills.
Hard to imagine gamblers appreciating Eric getting a monetary backstop now in case of another duster year going down well .. after all BRU is a massive gamble anyway so for them to hedge againest bad results takes away from the strength of the gamble to gamblers limiting upside.
Just another pathetic penny stock capital raise with suspected outcomes for holders being.
- loss of around 6 months of our invesment time as it will take this long to churn through diluted gift stocks.. if we have a crop of dusters expect this downside to take us well below 10c (again). If we have a glorious campaign expect cheapies to get dumped into any upside minimising returns for poorly top draw bag holders.
Nope - its unconditionally bad news to dance with the devil, terrible for holders.. Eric gets a stable salarie garentee which may have been preventing him from sleep well poor sod. Id never really seen a board member pull / sell so many sharess in his own company before whilst still being on it.. Klaus from AVZ did a massive stock dump but he left at the same time.. went down like a Led Zepplin.
I never liked or choose this stock, the board seem like hippies more than top Executives looking to make shareholders rich... i am just stubborn here but do like a massive gamble.. looking more like PUB Pokies here where the house only returns 87%!
BRU Price at posting:
15.0¢ Sentiment: Sell Disclosure: Held
