re: cash flow is a killer Hi Techni
Just pointing out the plain truth, I don't mind doing a bit of research for free ;-)
BQT have NO choice to keep the price at 20c, they NEED the money, with out the cash from the options it's the end of the line in 5 weeks.
This is why the traders keep buying them at 19c and rack them up for sale at 19.5c because it's easy money atm.
However once BQT get their money the stock will fall like a rock, unless they come up with a monster deal.
Genner may very well have an ace up his sleeve (saving it to get the options over the line) however if he doesn't...........I'd say 15c is the next level.
Personally I'd take what's on offer while the support is there, Genner has been able to stop the stock from total collapse by posting a few small deals and buying a bit of stock.........but these band-aid solutions will only last so long.
If the market decides to continue on it's downward trend inside the next 6 weeks BQT will not be able to stop the wave of small traders exiting the stock.
Tex.
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