I would think this news would give a good pop
Just saw this on globalstar website
Just read some of the posts that are in here already. Nothing new. company hanging on by wing and a prayer. There trying to get cash thru private placements . IIMO if they had something that worked like they say. Them getting Investors should not be a problem. They have no proof there concept will work full scale. They have blown thru millions of dollars so far and the company keeps changing names. I went to one of there private placement dinners a few months back and it did not sit right with me. The dinner was good.
If you want to talk about wishes, My buddy turned me on a couple years ago at 28 cents, did not know a damm thing about the company but bought 8000 shares, In just glad i bought something.
According to them They do not want to be under the thumb of any big corporation.or is it they dont want anybody looking close at there accounting
He pushed very hard. Its hard to get into a once in a lifetime stock on the bottom floor before the price goes up. also pushed bnet for the same reason. I dont invest with him to much anymore but like the free dinners
I wish i would have done research on this company before I went to this private placement dinner. I would have asked smayCs4 to load me up with questions to ask in front of everybody. I am supposed to go to a a smaller get together with my financial advisor next week for a final push meeting for anyone who was interested. I was not going to go because I have no interest.But I might if I could blast them with some embarassing questions.But there would be no reps from blgo there. questions would be forwarded to them
Just went to a private placement dinner for bio largo.pretty much all there hopes riding on aos filter technology..they had samples of some of there products but did not push them hard.they want to raise 5 million dollars to get approval for the filter.they tried to make it sound like that had working full scale models but when I asked that question they said it works small scale but there are bugs scaling it up.but it does work small scale.And I mean small scale like a small room.seemed pretty scetchy to me.But I got a free meal out of it
Sentiment: Strong Sell
With all the troubles Bion has with debt .inability to raise capital , Just had another private placement and officers forgoing pay for stock , No sales prospects yet and no credits of yet, There dishing out stock like chicklets There just hanging on with a wing and a prayer. If the court decisions take to long, which they may, Bion may be doomed