I would love for it to open (and close!) somewhere in that range, but don't think it will make it there. I reckon there's quite a few ex-BBI that are still very confused and will just want to sell without any regard to what the value is...and there will be some SPP people looking for a stag profit of say 15-25% ($5.84-$6.35)as well as other holders that want to lighten their load or take advantage of other opportunities out there........
One big drawback to sellers, though, may be that their holdings don't show up online yet and aren't so easily traded.
Guessing a $6.00ish opening...with gaining momentum Very happy to be wrong (to the upside!) on this!
BBI Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held