Why? Well that is simple.
-The legal battle is over... and appears to be immaterial... so this unknown risk is now gone. Also the share price rose after this announcement.
- They sold a non-core asset. +$16m in the kitty.
-New bankers have looked at BBG's books and liked what they'll saw... will throw 100m USD into a money pit?
-2.76% of BBG shares are shorted... that is 5.4 million share. It will take the shorters a month to cover based on current volumes. There is no volume and no sell depth atm.
Based on the above. I am sitting on a winner.
BBG Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
