BLT - Blis Technologies

[Leftfield]

But wait..... don't give up yet.

BLIS K12 Gains Australian Regulatory Approval

Blis Technologies has received notification from the Australian Therapeutic
Goods Administration, that its probiotic strain Streptococcus salivarius BLIS
K12 has been approved as an active ingredient for Listed Complementary
Medicines.

CEO Brian Watson said, "This approval will allow us to enter the Australian
market with our finished product portfolio based on BLIS K12. The Australian
probiotic supplement market is the 6th largest globally and it is growing at
46% annually so represents a priority growth market for Blis. Within the NZ
market, Blis branded BLIS K12 Throat Lozenges are now ranked as the 2nd
largest brand in 'NZ Pharmacy Throat Lozenge' category and the fastest
growing of the top 5 brands. This gives us a lot of confidence in the market
potential of the larger Australian market and we are accelerating our plans
to launch in 2018 based on this important milestone."

[silverblizzard888]

New distribution partner for NZ Pharmacy channel

https://www.nzx.com/announcements/310757


Keep changing things so it looks like you're making improvements?

[Golfer01]

New distribution partner for NZ Pharmacy channel

https://www.nzx.com/announcements/310757


Keep changing things so it looks like you're making improvements?

Perhaps they've finally realised that they need to get of their chuffs and start selling the product. Probably fearful that their jobs are in jeopardy and their CVs wouldn't be looking too good with their previous employer being a PL company in liquidation... Cynical I know but I'm so disappointed with company and their continued lack of performance. I've been a shareholder for 20 years and every year I tell myself, this is going be the year.... Maybe this year??? mmmmmmmmmmmm, right.....

[suse]

this morning I patted my pi xiu and said get to work on Blis will you. And already the share price is up. Let it be said that my investment strategies are right out there with conspiracy theories!

[Leftfield]

I've also given my small remaining free holding a severe telling off, and am watching with interest.

Simla, I appreciate your last post. I can't help thinking that BLT's focus on ingredient sales had flaws as it exposed them to huge variations in sales as a result of changes in customers bulk ordering. Being reliant on a few large customers had its issues for BLT.

I suspect the move to more direct 'consumer' sales and branding of their own product is an attempt to increase the customer base and take more control of their distribution channels and products. I like the hint of increased marketing in Australia to come.

Is it too little, too late? Will they succeed? Who knows, it won't be easy, but I'm going to hold and watch with interest. I expect it will take 12 - 24 months before we begin to see results. Let's hope they don't run out of cash in the meantime.

[winner69]

Is this exciting or what ....never can tell with Blis

https://quoteapi.com/resources/da986...erformance.pdf

[suse]

hmmm no I dont think it's exciting at all. Blis has proved to be a major disappointment for me. It's time they were fully in the black. No doubt the share price will drop even lower with this announcement.

[pierre]

hmmm no I dont think it's exciting at all. Blis has proved to be a major disappointment for me. It's time they were fully in the black. No doubt the share price will drop even lower with this announcement.

Agreed - no excitement attached to this "news".
Third quarter revenue similar to the same period last year.

What's happening in China - that was supposed to be the new market opportunity?

What are the expensive marketing people actually doing?
Feels like BLT is just treading water and making no progress at all.

Hopeless!

[tzbang]

Well that's it.. I'm out at a loss. Given up being disappointed with Blis.

[Baa_Baa]

Over 16.5 years and 98% loss on share price. Sad sad story.
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