Burgerfuel

**Onthemoney** · 01-08-2007, 04:43 PM

Strange to also see buyers sitting in at stop points for 1000 shares.....

**wsheridan** · 01-08-2007, 10:05 PM

quote:Originally posted by Onthemoney

Maybe someone wants to keep the market value close to $1 so there isn't a call on funds that have been borrowed to keep this a float.....

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nice "call" Onthemoney

**shasta** · 01-08-2007, 10:19 PM

Whats with the window dressing & it's not the end of the quarter?

NZX speeding ticket tomorrow?

Disc: Haven't tried the food, but buy the shares you must be joking!

**peterb** · 01-08-2007, 11:10 PM

quote:Originally posted by jonny5

Bling

care to explain to this newbie?

The directors/founders collectively own about 47,275,000 shares. When the market price was $0.81 per share the value of their total holdings was about $38 million. Some posters have theorized that these people may have bought 1000 shares at $1 to prop up the share price, at a cost of $1000 dollars, to increase the market value of their collective holdings to $47.3 million, effectively creating a paper increase in value of 23.5%, or $9 million. Remember also this dudes didn't pay $1 each for most of their shares, only for the roughly 2,275,000 they had to buy to meet the IPO minimum.

**Scuffer** · 02-08-2007, 06:52 PM

Still think the wheels fell off this one before it floated, still got a few old bike frames for sale someone on this thread must be interested.

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**Balance** · 02-08-2007, 07:15 PM

Nothing wrong with BFW. It is a succesful business and now they have $6.5m to invest into growing the business. The price asked was way too high but it is no Feltex or XRO.