There was a kid who studied hard and got into Harvard undergrad. But once he got there he partied hard in the first semester and flunked out. He ended up transferring to a local county college. That same way Brekford won a contract of a lifetime. All they had to do was execute. But they screwed up and instead of becoming the next Walmart, they will always be a local Bodega.
This stock is up 2.5 cents lol!!! Good luck ever getting back to the 60's lol!!!
Let's do the math....they paid $2.2 million for the cameras. The city is keeping them and has paid them 700K previously plus a 600K settlement. That leaves them 900K in the hole for PNC.
I see two options:
2) extreme dilution of shares
Nice Analysis: A lot of people got suckered in with Brechin's 40,000 stock buy at .62 a few months ago, it was all a plan to prop the stock up. I asked another question yesterday and got no replies. Why won't Brechin buy more now at .18 if he really believes in the company?
Riddle me this. Brechin loved the stock at .62 just about 3 months ago, he bought 40K at .62 then. Why isn't he buying at .18? The lockout period has ended? Please explain?
Small chunks of 20K here and there...may take a month or two to unload a million, but at least you'll be out before January's meeting where they most likely will announce that Brekford is out of the contract and bankruptcy is declared.
You may not like me and that's fine. But I think your love for BFDI has to do more with the accident your daughter suffered than the actual company. I can't image how it must have been to experience what you went through thanks to that careless driver.
But BFDI management is dishonest. They have been unable to handle the Baltimore contract and have made numerous mistakes. Brechin lied to tdm2626 when he called him to ask up the status. And management has been dishonest with the shareholders.
Which is what I think will happen, then what is the value of BFDI? 14 cents seems low.
Doesn't BFDI have other business revs to survive?
Hilarious post from just 6 months ago....
I was not expecting a move back to that level this quick.....and maybe it is premature....but I'm not sure....it's looking like we are finally laying a hard base of investors and exhausting the ones who don't want to bother with waiting on a potentially very big future here. I'm of the mind that there are a lot more folks eyeing this one than ever before....just wondering "when" to move on it. There's no way the Baltimore deal didn't bring new attention to this itsy bitsy, but rapidly growing, company. I mean, bystanders must be thinking....do you get in before the suspension is resolved or do you wait till after?? I've got to sign off till later on today.....was certainly an interesting morning.
Today was the official death of BFDI. In parting I leave you with a classic humorous quote from this board:
"I believe 5 to 10 years from now, brekford could be a $25 to $50 a share company"