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  1. #101
    Member Scuffer's Avatar
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    Talking

    This one appears to have more fluff than my duvet
    I don't bloody believe it

  2. #102
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    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.

  3. #103
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    Quote Originally Posted by Bobby_Fischer View Post
    BLT 1/2 year due out today (just before market close - bad news), or tomorrow (morning - good news)? The RI bumpf said BLT were on track to be cashflow +ve this year - so looking for some proof of that at least and hopefully some indications that there is any point to putting more dosh into this company.
    gosh they wanted to be cashflow positive in 2006, so forget about any of their promises. Most important is that the directors and especially Barry get their fees!!! Shareholders come second.

  4. #104
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    Thumbs down Priorities

    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.
    I don't bloody believe it

  5. #105
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    Quote Originally Posted by Impatient View Post
    gosh they wanted to be cashflow positive in 2006, so forget about any of their promises. Most important is that the directors and especially Barry get their fees!!! Shareholders come second.
    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.

  6. #106
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    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.

  7. #107
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    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.

  8. #108
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    Wink Good luck

    Ya never know ya luck in the big city.
    I don't bloody believe it

  9. #109
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    Quote Originally Posted by THEONE View Post
    ...Anyone else here subscribing?
    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.
    Last edited by Oman; 02-12-2007 at 02:42 AM.

  10. #110
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    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!

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