This one appears to have more fluff than my duvet
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This one appears to have more fluff than my duvet
Looks like some of the PHD students are helping Blis with research.
I wonder how that works?
I think from memory Blis has rights of Blis science
for 10 years from Otago Uni.
That was a few years ago though
http://microbiology.otago.ac.nz/dept.../profiles.html
Hopefully we get some exciting news in the next couple of
weeks to make the rights issue succed.
Numero uno
Research followed by enough money to pay management, what are shareholders for but to provide a means to an end in this case more research.
Understand your cynicism, Impatient, as there have many overly optimistic (i.e. BS) forecasts in the past. I think there has been a real change of tone under Barry and I expect to see confirmation in the half-year results that this latest forecast is reasonable. Barry has taken his fees (so far) in BLT shares, and will now need to put in his own cash to take up his rights entitlement - it's ridiculous to suggest he is guilty of trying to soak BLT shareholders.
The half-year announcement is now late - BLT lose all credibility if this doesn't come out well before the rights offer closes, so I'm guessing they are waiting to announce some sort of deal - hopefully something that will motivate uptake of the rights, as there doesn't appear to be much point at the moment. Thinking of taking a punt on some rights at 0.1 cents - if nothing comes of it then not much to lose, but plenty of potential on the upside.
Just received my RI papers in the mail. FYI overseas holders have until 30 Nov to respond with cash and application. After that date the rights of overseas holders will be force-sold on-market and the proceeds sent to them. So maybe expect a few more sales next week at 1cps ...although not many non-NZ addressed holders I expect.
I have just posted off the chq subscribing in full
to the rights issue.
Will be interesting to see who the global companys are?
Hopefuly the "near future" is soon
Anyone else here subscribing?
It should be interesting to see how much they raise
and who subscribes.
Ya never know ya luck in the big city.
Oman bought all his rights and will pick up a few more on-market later.
Some self fulfilling prophecy in this exercise ...if holders provide the cash they help make BLT a success ...but the reverse occurs if they don't. Ummm, I wonder which way those 2-3 main shareholders will lean?
I thought Barry would try to persuade the market to support BLT more than he did in the half year report ...but then, why bother if no one's listening to what's already been clearly stated? ...and maybe there's a Plan B in the shadows as unsubscribed rights can be parcelled and sold if I read the prospectus correctly ...and there might be a buyer looking for that parcel.
Thats great Oman Im not the only one! ha ha
Thats very true, I hope they raise some decent cash.
Reading between the lines looks like they thought they
could announce something but the timing was off.
I got a reminder notice in the mail, loks like the directors
are taking up their rights.
Hopefully Barry is taking up his, even better if the university is!
Yeah, scamper's in too.
got a letter last week saying that all the directors, and fennessy, are taking up their full allocations. fingers crossed.
Have finally decided to support it. Like T1, I reckon they're close to announcing something "biggish", but the timing hasn't worked out. I was a bit disappointed in the half-year result, but Barry has accomplished a lot in his short time at the helm, and I trust him to deliver on the breakeven forecast, given that it has been repeated in the latest announcement.
I'm in too; cheque's in the mail ;-) Really.
after the half decade of support i put into this company, i want to see real evidence of growth before i cough up more cash.
maybe the rights issue should have a time held discount attached to them, that way folks like me that forked out $1 per share and supported the coy at the beginning can get a little reward.
i have since averaged down to 20c per share, to chuck more cash at this coy at this stage even at this low price is going to hurt.
Oh wow, there hasnt been a post here for ages - what's happening? No news? No comments on how awesome this company is?.......thought so!
Just under $1.4 million raised through the rights issue, with just under 41% of rights taken up. I thought they'd not even make it to 30%. 41% is pretty bad, but falls short of a complete disaster. It'll be interesting to see how successful they are at marketing the shortfall.
I think the BLT team were expecting a 50% acceptance and there was a contingency plan for the remainder. The question now is, who is the possible buyer of such a large parcel?
I know its not me, but I did take up my options hopefully I've done the right thing its funny how a few companies (PEB on NZX, and MRX on ASX)have come back to shareholders for money at Xmas with a short time frame to stump up with the cash its almost as if they are giving you an option but dont want you to take them up on the offer, Xmas is renowned for being a bad time to sell shares on the open market,
I also wondered about the public face ...like going through the correct protocols ...and the real deals done in private. I hope we aren't being sold off too cheaply to a big fish ...but then, when I think about it, a big fish could be useful compay to have now ...providing it's not a shark :)
At the price of todays shares I would say its already sold off at bargain basement, if a big company wants in now is when its gonna happen if not blow it a kiss.