BLT - Blis Technologies

[simla]

And ... appoint an additional Director to strengthen the organisations marketing expertise in due course. And appointing a Deputy Chairman suggests girding of loins for action.

[simla]

Um... we did spot the profit word, didn't we? Still a projection only, but lots of data to make it seem plausible now.

[simla]

Don't see why a capital raising. They just cashed up a little while ago and are forecasting rapid growth in sales.

Yes, BLT has accumlated losses. Now let me see ... I think I'm right ... don't they come with accumulated tax losses?

[simla]

Careful, Moosie. You like to be in tune with where the markets going. Reputational risk here?

Blis may yet not succeed, but the odds of success are looking very good now. Cashed up. Marketing contracts into major markets in place. Establishing reputation in the market - there is always new posting on Blis in Google in the last 24 hours, and I recently looked at one product alone over on Amazon that over 200 people had bothered to click on the 5-star rating. Constantly growing revenue with finally (factory approval pending) entree to the nutritional food market. Recent access to Europe and China, already in America and bits of Asia. Successfully made the very expensive transition to another distributor. Not a lot of bad news on the horizon.

All things remain possible, but I'm feeling pretty chuffed.

[Bobcat.]

All things remain possible, but I'm feeling pretty chuffed.

Then why aren't you buying more? Join me at 1.6c

[simla]

Then why aren't you buying more?

Because mathematics is immutable. However, I assure you I hold these shares already.

[simla]

But Moosie, surely you wouldn't be saying all of this without having read the last report, including the section on "Deferred tax balances" on page 26?

[Nigel]

I'm disappointed by the result - was hoping for more progress (maybe just me being impatient again). Shining light is predicted profitability on the horizon. Looks like a few disappointed folk are jumping ship though.

[simla]

Disappointed? After years of waiting they are predicting operating profit six months from now? And presumably/hopefully they will have their factory approved by the May announcement, just a few weeks away, and may even have sent off a shipment?

This is all starting to remind me of how for so long NZ collapsed at cricket when victory was in sight. It's not a wonder we've sold off so many of our assets overseas. They want them, whereas we all "know" we're lucky to get any cash for them at all!

Everybody practice smiling now

[blobbles]

I agree with Moosie here, losses, losses losses, small growth (12%) for a company that really needs to be growing at 50%+.

Like I have said before, the problem with this company is not a product problem, they have a quality set of products. It is a marketing/sales failure which is stopping them from delivering.

DISC: Bought at 1c when I saw the potential, sold at 3c when I saw the failure to realise it.