And as last post tonight.
Let's see how we are.
If BNEZ issued a 504 (One million dollars as working capital once a year).
With price at the BIB and with discount 20%, 25%, 30%???????????????
For this example we just figure out 7.000.000 of new shares into MM's hands.
Let's said 2.500.000 shorts to cover and everybody getting certificates and 1.000.000 sold between yesterday and today.
Total, 4.500.000 shares already in the float.
MM's inventory now only 2.500.000 new shares (OF COURSE MORE OR LESS).
The good NEWS, once the MM's sell what they have in inventory, if we lucky, the price may start to raise.
Also, and I noticed yesterday and today, MM's are covering right away what they sell. So they finish the day "flat".
The bad NEWS, by issuing a 504 right now, we are not going to have any RALLY because MM's covered already with cheap shares.
Good game for MM's and BNEZ.
BNEZ had a MILLION DOLLAR, MM's covered their short position with cheap shares and we are very happy thinking how well PMA will sell in the next 10 years.
Of course, if somebody has a better idea than a 504, please, let's us know it.
And also, because this dilution, we are going to see about 0.14/0.15 very, very soon.
Good night.
Elio |
