Quite a bit of media coverage on bad breath at the moment the Yanks have just had some conference on it, that could be the reason a few have been changing hands.
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Quite a bit of media coverage on bad breath at the moment the Yanks have just had some conference on it, that could be the reason a few have been changing hands.
I understood from the AGM that the rights issue was for growing the company i.e new premises, and not to keep the company going. I'm not really up with all of this stuff though! Good to see the sp up a little though and I really do hope that someone knows something we don't!
If some one knew something the sp would be heading up a little more than it has.
Most of the trades today went at 15:18 hrs and the remaining seller numbers are c.300k. The buyers numbers look unchanged since last week, so I'd say it was just one buyer with some spare cash taking 260k worth ...a punt maybe?
For the right issue ...assuming BLT get an underwriter ...I'm picking 1:3 at 9cps.
I wonder whats happening with the rights issue,
I would have expected some announcement by now.
Is this good? bad?
Maybe this seems naive, but do they need an underwriter?
Cant they just get what they are given?
True the sharemarket hasnt been that great the last few weeks,
but surely they would be able to raise 3 million?
Hopefuly no news is good and their have been other developments, but this is probably just wishful thinking
Like you Theone I thought $3m is a relatively minor sum and even Barry could underwrite if he wanted to ...or simple do as you say and take what they get. BLT has a track record of being 'tight lipped' until the last moment ...perhaps understandably given the sort of business they are in.
Hey Oman, I posted a while back about DSM and how they are looking for acquisitions.
It looks as though they have are going to do a r&D with Blis.
Surely if DSM have enough faith in the science to do R & D, it would also be worth a couple of million to take a decent shareholding?
Instead of paying Blis millions in licensing fees if the research is succesful?
I hold heaps of Blis, maybe im trying to find posiives so i can sleep at night, ha ha
Can't wiat for next annoucment!
Ummm ...the next announcement? Isn't that when the company tries to talk up the SP with good news and then presents the bill ...a sweetner followed by a kick in the wallet? ...I'll need to think about that.
Looks like BLT has missed the Aug rights issue announcement. That could mean they are delaying until some impending good news is released ...or they've hit a problem ...or maybe it's just taking a bit longer than they expected? Maybe next week something will be said?
SP is holding at 10cps so a small number of buyers are positive ...else it would be nearer to 8cps ...but still heaps of hopeful sellers who are less impressed with promises of a bright future.
I would say they are hoping for a better sp and more interested parties to sit up and take notice this area has a lot of media attention at the moment.
maybe DSM is in discussion to buy into BLT and therefore negate the issue of a share placement to the shareholders?
That's an interesting thought Neopole. I just re-read the last annual report ...
"BLIS Technologies requires new capital to further progress the new strategy. As previously stated, the Company is seeking an international partner to take up equity in BLIS. Assuming that the arrangements for such a placement are secured, the Directors will then seek shareholder approval for the transaction.
The Directors will also seek approval from shareholders in August for a rights issue to existing shareholders..."
I hadn't noticed the confident tone of that 3rd sentence ...and the rights issue sounds like an add-on comment rather than the main thrust. The main point is the expected corner-stone shareholder which they anticipate as being sooner than later.
I'd better join that buyer's queue before the rush!
Assuming their is a rights issue, Any shareholders here
going to take up their rights?
I probably will, but it depends on the deal.
It would be good if their were some options for say BLT in
3 years time, that would make it interesting.
If the Nestle deal and DSM work.
If Nestle and DSM are really comitted they will be making sure they have got a good deal now before BLT find themselves in a position to not need them financially, the idea of going to the shareholders for more money makes me think that these companies are not exactly falling over to get in, but this could be a good thing for existing shareholders BLT maybe holding their cards close to their chest and not giving too much away too early, lets hope it is the latter.
Hi Bobby whats your view on
the delay with the rights issue?