Blonde Bear (BB.ASE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Blonde Bear (BB.ASE)

BB 4.880

+2.3%

Oct 31 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam who wrote (171)	12/7/1998 5:56:00 PM
From: Robert F	Read Replies (1) of 212

This may be a classic example of what is wrong with promoting a stock that has little or no value. It's no wonder the ASE was watching BB and put a halt to the foolishness. Consider: From July to December of last year the stock traded in the $0.30 range. Small amounts daily but adding up over time. Let's say someone who knew there was going to be a strong promotion quietly purchased $200,000 worth of stock. This would be about 700,000 shares over 6 - 8 months and would not draw attention. It would be even less suspicious if this account purchased these shares from "out East" because it would not point back close to home. From January to March the stock goes crazy and everyone wants to know why. The selling mostly occurs at $1.30 so the $200,000 can be sold for about $800,000. There is no good answer coming from the management of the company for the big interest in the companys stock, so the ASE (rightly) steps in because they smell a rat. If this was a real company, those running the company would want to do everything in their power to get the stock trading ASAP. If the stock can go up more, let's get it trading so the stock goes up more. It's hard to raise money and do business if you are a halted company. If the ASE needs audited statements how long would it take to get audited statements? If the ASE wants more cash in the bank before they allow trading to continue, how hard is it to sell a million shares at $1.00 if the value on the stock is $1.45 and is ready to go upward? Who wouldn't purchase this stock? If it was not a real company with a real opportunity there would be no pressure to get it trading quickly. The money would have been made and it would be time to focus attention on the next "opportunity." The trick would be to find excuses to put off the shareholder pressure until all the shareholders go away and get interested in the next deal. Don't forget, the ASE gives a company only so many months to conclude their major transaction. After that the management can rightly point to the ASE and say "it wasn't our fault, the ASE is to blame!" We (the unlucky shareholders who took the stock off their hands above $1.00) would be told that the ASE is asking for something (audited statements, proof of deals??) that takes more than 6 months to produce. Or we would be told that the ASE wants to see more money in the bank and that the private placement is just getting finished and should not take more than another 3 months. How many of you honestly believe it takes this long to get audited statements? My point is that either this is real and whatever the ASE needs to be able to approve trading should be produced within days (it's already been months) or it is not real and management does not feel any pressure to get it trading again. When we get a press release that tells us they hope to be trading in early 1999 that pretty much gives me my answer. I hope I am misinterpreting the facts and that we will get a press releasing assuring us that all issues will be cleared up immediately and the company will be trading before Christmas. But I'm not holding my breath!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next