BLY 0.92% 54.0¢ boart longyear group ltd

Yes, the price is already 1.1 cents but there are 82 buyers...

  1. 59 Posts.
    Yes, the price is already 1.1 cents but there are 82 buyers willing to buy 40 M shares at 1.1 cents and there are only 33K shares sold at this price at 11:15 AM. On the other side, sellers from 1.2 to 2 cents have together 40M shares to sell. So, it's a patience game and some people on HC love to create some panic. But looks like sellers don't give up much, do they?

    I am curious about your thoughts: Do you think debt holders buy a company in troubles that value more than 4c per share at 2 c and are desperate to sell at 1.1c? Would you be a buyer at 1.1 c or less?


    Cheers,
 
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