I just saw a massive fall from 1buck and thought 15cents the odds where on my side...no research blind faith....a seller was around or probably a big holder playing it further down...cash burn is crazy...but bounced very strongly from low so has a shot for 30cents imo
Not in 5mins...think 84million shares cant believe it listed at 1buck raised 20mill circa...2big holders did not take part in ipo but l did read they invested 25million to date...so using fbr as example 7million spent to date the value stock at 55mill with all goodies...flip a coin play here but odds probably on buyers side imo
This week should push into early 20s perhaps
16mill mcap 9mill cash circa but with current spend would not rely heavily on cash at hand..the register is small thats the bonus plus some revenue
Still its a gamble
BIQ Price at posting:
16.0¢ Sentiment: None Disclosure: Held
