Its understandable that existing investors cannot keep contributing into this idea , forever . Without feed back this gets even more dificult.
The BGD management group have been enhancing and value adding to the business all this while , but this does cost in management expensing.
They are at the mercy of the chinese decision makers here. To cease operations and hold is far better than going broke and forced selling of the remnants to the Chinese for next to nothing.
My only worry is , how much of our business did they need to sell to get this investor on board. ? I suspect we will know only when the deal is done, but this dilution might stlll be worth it in the long run. value.
BGD Price at posting:
1.6¢ Sentiment: LT Buy Disclosure: Held
