Nothing specific. Some decent sell volume - for BCC, which might mean a T20 exiting but that’s speculation. We should know more in a fortnight when Beam update their top 20.
I do know that it can’t be leaky info as the arbitration info is not yet known so it’s probably tax loss selling.
For full disclosure I have been buying lately. It’s priced for bankruptcy and a $10.4m market cap and <$8m EV is crazy low. Also they have $2.7m in cash with an expectation that this will increase - this is before any arbitration outcome.
One final point is that directors are not in a blackout so it’s hard to defend them if they’re not buying at these levels.
Come on guys, buy on market!!!!
BCC Price at posting:
12.5¢ Sentiment: None Disclosure: Held
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