I guess the report shows just how incompetent the board is and that is why they are hiding it.
What is staggering is that this board looks like they will get away with it. In my opinion they are running the company as though it was there own plaything, rather than the public company that it is...
Anyway, there is nothing we can do about it. I wonder what the next move will be from them. It seems to me that MY has other ambitions than simply running BCI. He wanted a bigger gig obviously and now this is not happening. Maybe BCI will become the aggressor and look to buy some smaller targets and build BCI into a bigger entity. If they do go down this road, hopefully he shows more nouse than he has over the past 5 months. Would be interesting if he used BCI scrip to buy another business...much easier to do that when there is no independent report stating the shareprice is worth $5.
I am keeping my shares as they look seriously undervalued to me. I hope the board can re-focus and $3.30 will be beneath us soon. I have a feeling it will.
Would have loved to have been a fly on the wall in a few board meetings recently...I'm sure it would have been enlightening.
BCI Price at posting:
$2.80 Sentiment: Buy Disclosure: Held
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