I have seen no evidence of a SPARCS seller "tidal wave". I thought it would happen and the SP would drop to roughly 6c. It actually dropped to 7.1c or 7.2c around 22nd may. That was before most SPARCS converters could have had their shares on the market. There was some evidence of short selling around that time with SPARCS holders ie Dargie and Otakou (possibly)
In regard to stop losses, its all about what price you have paid, your level of risk and what time frames you are looking at. The SP was at 100% of the current price just 3 weeks ago. If you want to treat this like a trade, then use stop losses. If you want to ride it out and you have confidence in the long term viability of the company then I see no point in using stop losses. Its totally your decision and no one can predict where the SP will be in 1 to 12 months. There are too many influences in play and BBI will remain extremely volatile till those influences are removed.
BBI Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
