lets be honest with the Mr Michael Sebbag comments, its a estimate and guess given the parameters that he has seen. An educated guess.
BGF price target means really nothing since when they get involved with a capital raising they have a BUY recommendation anyway.
The main concern is the delay in the essay results. If there was a genuine delay and the essay is positive (via unknown leakage) the stock would be at a range much closer to $1. There is no longer any meaningful buyers on the screen which shows that there is no interest left.
Continue to hold the oppies given on the placement but hope of a gem is not very high now.
Good Luck to all
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