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Samiodiving. Taking everything into account, where do you think...

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supermajor

1,957 Posts.

30/07/16

05:03

Post #: 18405315
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Originally posted by samfiodiving ↑

Guys now i will apologise if i am wrong but the more you look into this the more it is on the nose

I posted the line below on the 3/6/16

They have projected $275k CASH BURN next QTR = NEG $111k by JUNES END

If you look into the June qtrly you will see that BSM supposedly Have $166k cash at hand which i cannot deny they do have,

but look a little closer and you will see they took out a loan from somewhere to the tune of $480k to show that $166k cash in hand

talk about smoke and mirrors

So without that borrowing @ junes end they would have been showing a negative - $314,000

So before they start at some stage from this recent CR debacle there is a negative $314k deficit to catch up on, outstanding from the last qtr debt

So close on 3 times what i predicted in my june post

make of this what you will, and i will stand being corrected and apologise as i said if i am incorrect

And i also got my answer with regards directors buying

talk about one and all in the trough

but i wont go into that i think even the hardiest of supporters have now seen through this CR

Have a good wk/end

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Samiodiving. Taking everything into account, where do you think this sits now. Any guesses on what SP once it comes out of Suspension? The yes vote from Stratmin seems to be in order. The shortfall in people not taking up the rights will be handed to other sophs who want it unless they are somehow forced to restructure the deal. The interim stop and Suspension can last 21 days. Talk about an awful handling of events. Being thrown into Suspension twice in a month after screwing investors with a pump that lasted 2 hours. Who are advising these people?

BSM Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Last 4.2¢		Change 0.000(0.00%)		Mkt cap ! $9.314M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.2¢	$492	11.72K

Buyers (Bids)

No.	Vol.	Price($)
1	59613	4.2¢

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Price($)	Vol.	No.
4.3¢	30000	1

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No.	Vol.	Price($)
1	59613	0.042
1	24365	0.041
1	100000	0.040
1	16919	0.033
1	25000	0.020

Price($)	Vol.	No.
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0.046	50000	1
0.058	2857	1
0.060	81995	1
0.063	1000	1

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Samiodiving. Taking everything into account, where do you think...

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Samiodiving. Taking everything into account, where do you think...

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