TJ Bergen will be monitoring the quantum on the buy side. They...

TJ

Bergen will be monitoring the quantum on the buy side.  They currently have the capacity to convert at 1c per share (5 day weighted average price rounded down to the nearest 1/10th cent) at any time of their choosing.   Realistically, however,  they won't convert and dump until such time as the Buy Side quantum at .2c builds to 20-30 million shares or more . At the moment there's a Sellers overhang at .2c (of 25m shares).  It follows, while the Sell Side 'Excess' persists, Bergen won't convert and won't dump.  Time, unfortunately is on their side.  

Being on the buy side as a small investor  at .1c is nonetheless a worthwhile punt.  It's always possible but highly unlikely that one or more  BIG Holders may decide to quit.   

I'm sitting and waiting to see what happens next:

No capital raise can proceed in this environment and Bergen won't stump up for more until it sees a build up of buyers at .3c or more.  The company will just have to get its act together and secure a worthwhile contract.   No contract, No share price movement, No More $ to fund director and senior management expenses.

APG hasn't been in this position before (no prospect of raising capital [from Bergen, professional investors or ordinary shareholders without a material contract).  How's the song go 'It's now or never' for management/directors to deliver.


Cheers