I am not privileged to be offered stock in any CR except through a Fin Planner in the past so I don't know the escrow details typical of these type of raising. However I did come across a seminar in the distant pass on the mechanics of these type of raising where the presenter thinks there is 'easy quick money' to be made participating in the discounted CR and flip it to the market. With such a prolonged falling trend I would be hard push to guess how many SI would be in this for the LT or participating in a shallow discounting?
TA wise flip the weekly chart and you will see the current candle is a bearish engulf right though that KEY support (10C) and next stop has a 7 handle then worst case 4 handle! On the daily 3 consec days of massive sell, what is interesting is that monday's bullish candle. It was a big volume day and one can't help but to think it was a manufactured final push to suck in some ST buying so they get a more premium exit, my hindsight explanation of course. Today's break on such large volume is suggesting panic exit because the SHTF is coming thick and fast. Very unfortunate for those still holding and hoping.... I should know since I've been through this experience before in the past
BDR Price at posting:
9.4¢ Sentiment: None Disclosure: Not Held
before in the past
