quote:Originally posted by SincereX13: This posted in another board...
ATTENTION Fellow BKMPers. Just spoke with Sandy--
Apologized that it has taken him some time to get back w/me, and that he knew the question I had for him has been on the minds of many. In one word, "DILUTION."
We spoke about the TA handling transactions involving liquidation of shares in lieu of cash-payment toward the Convertible Note.
Whatever shares are generated as a result of these trxs. IS NOT HAPPENING NOW because of a TWO YEAR HOLDING PERIOD prohibiting them being traded on the open-market. That is, shares liquidated in lieu of cash paymnent toward the CD cannot be excercised until Fall, 2007.
Sandy's guess is that the supression of share price is likely being caused through those holders seeking instant returns on investment, a.k.a. flippers.
He commented that the problem for BKMP is that it is viewed by those typically trading pinkies as another typical pinkie and thus is heavily traded through flipping.
He went onto comment that even though many choose to flip BKMP that they only have about 45-days left to do so for it to remain profitable.
News releases will start to roll out at that time that will, in his words, "Blow Your Socks Off," basically anihilating the current environment that makes flipping worthwhile.
Asked if he could elude or drop a hint regarding these "earth-shattering" releases, he responded that if he did tell me he would have to kill me. Told him no-thanks, I want to stick around so that I can reap the benefits of BKMP. He laughed and I thanked him for answering the question on the minds of many.
Another observation. I had asked him why he doesn't put out a release to this effect. He told me that up until about a month ago he had time to focus on these types of issues, but that today the demands of this burgeoning company pretty much limits his time to issue these types of PR's. He says that he believes that the share price of BKMP will benefit much more from the effort being put into what is soon coming to fruition. He concluded by reiterating, "Give it about 45 days."
Let the countdown begin... T minus 10 days b4 April 3rd starting tomorrow!
Posts: 287 | Registered: Mar 2005
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posted
That post has already been debunked. Sandy said to somebody else that he never said any of that stuff about the "45 days."
Posts: 882 | From: CA | Registered: Jan 2006
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posted
I put in an order for .0003 with Scottrade. I blinked and it was filled. Any one else get in at .0003 The ask on Scottrade is .0005 at this moment
Dmort In Dec. this stock was up b/c peeps were getting in to get the divvys
posted
the ask at the EOD doesn't tell anything it just the spread left by MM. it will adjust back in the morning
-------------------- Remeber! 99% of penney stocks are scams, but with only that 1% you can be rich Posts: 436 | From: University of Sounthern California | Registered: May 2005
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posted
Anyone else's SNYY dividend stocks showing up with a value this morning. All of a sudden I have a 100,000 more in my etrade account.
Posts: 73 | From: Oklahoma City | Registered: Dec 2005
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