Melua, in your list of "very unique circumstances" I think you missed the biggest one of all......
The "old" shareholders of BBI were the major funds looking for a safe dividend. It was the mantra of their fund. i.e. We invest in dividend paying stocks.
As soon as the stock looks shakey or reduced dividend (or stops a dividend), these major players are effectively forced to sell their stock at any price. They DO NOT invest in non-dividend paying stock.
As these funds used to be the major holders of BBI stock, effectively all these funds start selling the stock (they all have the same mantra). This means they there is huge selling pressure and given the current environment, buyers are fairly scarce.....
This has resulted in the carnage before us.... IMHO.
BBI Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
