There is already a sell order for 310k shares sitting few lines down and will likely get larger. Unless a miracle happens or material news are released it will be too enticing for the the new entrants into the stock not to sell for a quick 20%+ profit.
So, unfortunately, I agree with Mike123, that we are going into full 'sell down mode' and are likely going to end up 'hovering' just above the CR price.
Would love my predictions to be proven wrong, of course. As painful as it will be to see BCC drop to ~.450s, in the long term, this will be just a 'blip' and the capital raised should produce business growth through EU expansion, Certus devices production, as well as R&D for Zoleo 2.0.
Zoleo 2.0 R&D is an important mention as it de-risks and 'futureproofs' BCC against not staying competitive within the personal satellite devices sector. Bring on the buuurrrrrrnnnnnnnnnnnnnn.
BCC Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)