The baltimore bear will bite again.....

Lots of buys, lower price scenario reminds me of Atlantic telecom. Only bought in 3 weeks ago so can't really comment on the significance of this scenario.

As a very low volume/slow moving SETS stock, it can relatively easily be manipulated to enable retail dealers to sell high / buy cheap. The longer this continues, the more worrying it becomes, as it suggests the dealers are not bothering to balance their books, as they think they can continue to buy back cheaper. However, if blm is OK (and one or two bits of good news will do wonders), dealers will not want to risk being short of stock. The price could then move up fairly quickly.

Unlike Atlantic, whose product was a commodity, blm has a highly regarded offering and well established 'blue chip' client group. These clients - banks and govts etc - will not want to see blm go bust, as their investment in the products would then be wasted. So one way or another I expect blm to survive. If the IC report is correct, there's enough cash to see them through for some time to come.