$310k out of pocket is still a lot of money. At least a positive sign among all the recent frustration. It would encourage SH more if more directors taking up the CR. Yes hefty management costs for under performance is a big big concern. I would think to abandon ship at this stage is too early. I'll give them the chance to show the plant upgrade results.
I guess the SPP will not be completed. Can they sold the shortfall to instos? in my layman's guess this is quite likely. Instos were willing to pick up @ 8.3c, why not get these cheap chips @ 7c?
I wish the management can give an update how confident BDR can accomplish the plant upgrade as planned.
BDR Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held