Brd might just be the highest percentage shorted stock on the nas.
Some huge hedge fund IMHO is pounding it into the ground and until
they pull off a takeover or just get bored, this stock is going nowhere.
Deep pocket Hedge funds have been getting rich shorting small and
micro stocks for years. The little investors and small up and coming
companies have very little hope when being pressured by these
multibillion dollar cold hearted sob funds.
Well, hold on a sec about those "Deep Pocket Hedge Funds"... How many of them are truly manipulating tiny BRD? Think about it, as per Yahoo, the 3 month average volume is approx 780K/day. Running that through the present stock price of .56 yields only $436,800... that's it. The average daily volume on this stock is less than $500K
So the claim is that this entire stock can be easily manipulated for under $500K a day? And that doesn't take into account the number of times I would jump in and out as this evil Hedge Fund saw fit so they may actually be doing all this with significantly less that $500k..like maybe only $100K...or even $50K?
Is this heartless Hedge Fund making any real money off BRD? Given the rather tight range of trading...only about 20 cents or so for some time now...is there really enough of a swing to generate the profits that a Hedge Fund needs to attract investors?
Maybe BRD really is this weak and has a horribly over-diluted stock...I'd be asking questions about the possibility of a Reverse Split or Delisting.