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bentas74

611 Posts.

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10/04/18

17:53

Post #: 32355463
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Originally posted by 1ronnie ↑

BIQ IPO was at a demanding valuation at IPO and that largely contributed to its fall as well as its early larger losses. I didnt buy it then but only after it had already lost 90% of its value . But at just $13m, it is a compelling buy now because its losses are shrinking and could reach EBITDA positive in a year's time.

As for BUD, sorry to tell you that if revenues don't show up in next 4C, you could see it drop to 10c (its even a $100 m stock at that price) and possibly below , and which I have been warning you guys about your positions.

Anyway my position in BIQ is very small , sentiment on smallcaps wont change overnight, the exuberance has gone and possibly wont be back. So don't glow at my losses because I ain't got any. Had I not cut losses at BUD early on in Dec, my loss would have been 6 times more now and possibly growing. So don't throw stones when you live in a glass house!

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BIQ Price at posting: 5.9¢ Sentiment: Sell Disclosure: Not Held
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