"How is this not a bullish announcement?"
- it is not bullish as it is materially disruptive to BCC's largest area of revenue generation (JV),
- it is not bullish because the announcement clearly detailed that the relationship with our JV partner is strained and unproductive (thus completely eliminating any future growth/expansion work, and also eliminating transition into cashflow positive JV situation),
- it is also not bullish because now there will be an undisclosed amount of expediture that will be required for the arbitration process,
- it is not bullish because BOD's energy and focus will be diverted away from the growth and operational requirements to the arbitration/dispute space.
- it is not bullish as it places a big question mark above the future of Zoleo and shelf life of the devices in the market
I can come up with another hundred reasons why this is not a bullish announcement, if you would like, and as you can clearly observe the Mr Market also didn't think it was bullish judging by the volume and SP movement.
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Last
16.5¢ |
Change
-0.015(8.33%) |
Mkt cap ! $14.25M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 16.5¢ | $4.042K | 24.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100870 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 28440 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100870 | 0.160 |
1 | 6067 | 0.150 |
1 | 103448 | 0.145 |
1 | 22499 | 0.135 |
2 | 59099 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 28440 | 2 |
0.190 | 20000 | 1 |
0.195 | 7500 | 1 |
0.200 | 25000 | 1 |
0.220 | 40000 | 1 |
Last trade - 10.56am 19/07/2024 (20 minute delay) ? |
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