Posted On: 11/10/2012 8:25:03 AM
Post# of 16816
The TA acquisition completing will of course be great news. That's a consistent income stream for $BCAP. I still remember how Matt described it on the conference call in March 2012.
In the interim, there are only so many shares. Once they're all acquired at $0.0007, the next one-tick move becomes $0.0008. $BCAP has already gone through almost half the O/S at $0.0006 or higher in 23 trading days.
IMO, we should hope the entire float is traded before the TA news is announced. That's the firmest possible base.
This consolidation period now is essentially like the one $BCAP went through in March-September ($0.0001-3). The major differences:
- Most shares are acquired at $0.0007 (back then it was $0.0002)
- $0.0006 ticks are the bottom (back then it was $0.0002 with MM prints at $0.00015)
- Trading volume is significantly higher (turnover of the entire O/S is going to be much shorter)
As we now know, $0.0003 is now not obtainable. I suspect based on trading volume alone that will be the case with $0.0008 (with or without TA acquisition news).
In the interim, there are only so many shares. Once they're all acquired at $0.0007, the next one-tick move becomes $0.0008. $BCAP has already gone through almost half the O/S at $0.0006 or higher in 23 trading days.
IMO, we should hope the entire float is traded before the TA news is announced. That's the firmest possible base.
This consolidation period now is essentially like the one $BCAP went through in March-September ($0.0001-3). The major differences:
- Most shares are acquired at $0.0007 (back then it was $0.0002)
- $0.0006 ticks are the bottom (back then it was $0.0002 with MM prints at $0.00015)
- Trading volume is significantly higher (turnover of the entire O/S is going to be much shorter)
As we now know, $0.0003 is now not obtainable. I suspect based on trading volume alone that will be the case with $0.0008 (with or without TA acquisition news).
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