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  1. #3871
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    Quote Originally Posted by Bobby_Fischer View Post
    2004 Annual Report, Operations Report, under Financial Results: "... the company currently believes it has sufficient cash reserves to carry it forward until the business becomes cashflow positive".

    2005 Annual Report, Operations Report, under Financial Results: "..., but believes that it has sufficient cash reserves to carry it forward until the business becomes cashflow positive".
    Well at least we know they are pretty good at using "Copy" and "Paste" after 14 years.

  2. #3872
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    I'm a very small player in the Blis market and was a little disappointed about what was said in the report. One of the main things for me however is that I use the product daily and really appreciate what it does. I also tell all I know about it (without being too much of a knob) and encourage the use during winter. I reckon all shareholders have to be their own little marketing companies on Blis' behalf, albeit slightly selfishly, as if the company has marketing shortcomings then at least we can do what we can to try to make up for this.

  3. #3873
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    Quote Originally Posted by moosie_900 View Post
    Sooooooo, it was all just a joke then? This isn't a real company then, it's just a loss making entity for eternity? Your comment astounds me simla...
    Quote Originally Posted by simla View Post
    Their $100 million "target" is set for 2018./19, long after the company listed in 2003.
    No, not eternity, just quite a few years, like PEB and ATM (listed 2004).

    There were lots of comments about recognising the objective of making a profit. That isn't making projections. However, thanks to Bobby, as I didn't look hard enough at statements on cashflow projections. Nevertheless, I don't really think saying they think they have enough cash is right up there with predicting a profit.

    Nevertheless, Bobby's quotes do make it clear that the company did not realise the long slog they had ahead of them at the beginning. Point taken.

  4. #3874
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    Moosie, I think the main thing we disagree on is that you expect things to happen faster than I do. When you get to be old like me, you'll have had a lot of experience of things taking longer than you thought they would. For example, they've been trying to get people to react to climate change for two or three decades now, but did you know that fully two-thirds of the gases have been released into the atmosphere AFTER they started trying to do that? Things just take time. Usually quite a bit of it.

  5. #3875
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    Quote Originally Posted by simla View Post
    Thanks to all for all the posts so far. Hopefully there will be more in the weekend.

    I really enjoy a good argy-bargy like this. Vigorous statements of opposing views make it much easier for me to gain confidence in a viewpoint. I hope it is the same for others. I remain pretty optimistic, but I have taken on board the comments about how long things take with Blis, and Gr8Day raises an interesting point over just how long before this benefits shareholders even if it plays out as suggested in the short term (no idea, is my answer!)

    I might wonder out loud why some of you guys are so much more positive about PEB. Their $100 million "target" is set for 2018./19, long after the company listed in 2003. Personally I'm pleased for both PEB and BLT.
    Yes and I can see your point simla and I do hope they have turned BLT around with their current plan and partners overseas. But after seeing them go through this umpteen times, I am still not convinced the company is on track and only will be convinced now when I see it. You can only have a carrot dangled in front of you so many times before you realise maybe you will never reach it!

    PEB is a different case due to it having a management team that appears to achieve everything they have said. They have never promised profitability before and still have not really talked about it yet, but they have successfully built the science and commercialised the product step by step with very positive information along the way. That builds confidence. If the management quality changes, expect the SP to plummet. They also have a product that is more directly marketable in terms of health. It should be clear the difference between a product that will lower the chance of a person getting sick vs another that will identify life threatening ailments. As such its hard to compare them, but I believe PEB has a superior product in this regard as (if they are able to enter the market in a big way) the market for their product will be very inelastic.

    When investing in companies like these I like to remember that I am investing in a formulae = quality of the product x quality of the management x anomalous external risk factors. If both of the first two are high the rewards can be enormous as long as the third doesn't torpedo them. If one of these factors is zero however, the market valuation of the company will also be zero, or close to. PEB so far have the first two sorted, based on information to date. BLT has only one of these sorted, based on information to date.

  6. #3876
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    Hmm, understand you point. But the reasoning is slightly circular in as much as you say the management can't deliver as they haven't got a profit yet, and then you predict the profit isn't coming becuase the management haven't delivered one before.

    I think it's a great pity the company can't tell us more about what happened a couple of years ago when promising leads in America suddenly weren't going very fast. Obviously this was something to do with the upheaval of changing distributors, but it still makes it very hard for us to take any lesson from it. Equally, you can understand a company not wanting to say much about other organisations.

    As to the current situation, I think it probably depends on how much progress is being made outside of the Chinese side. If the Chinese approval comes though, things will probably move along, but if delays move in there, then how much momentum is going on elsewhere in Asia, and in Europe and America? We know things are growing steadily, but is it enough to propel to profit this year if China continues to be long process? And do we need the Chinese approval to progress GRAS product elsewhere?

    I don't know. Clearly things are picking up again, but at what rate? Don't know.

  7. #3877
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    Have I missed the press release or something? The price has a lead weight attached over the past few days. Recovering a little. I've half a mind to climb on board at these prices but, as the history shows, they were at 15c a few years ago.

    What I'm getting from these posts is = great product but issues with management.

  8. #3878
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    Quote Originally Posted by moosie_900 View Post
    Ya missed the market update. Go to announcements bar through your broker and look up the bad news
    The bad news was minimal (and predominatly out of their control) - it just lacked good news.

  9. #3879
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    I'm in again having purchased a small parcel @1.6 but did hesitate...not because of any doubts about the value of their products (I am a satisfied customer), and not entirely because of ongoing concerns with their marketing and sales. My technical analysis of the US Equity charts has made me very cautious these past three days w.r.t. Equity markets in general.

    I'm anticipating a significant drop in the DOW and S&P500 later this week (could be wrong of course but that's how I'm reading it), and so with that in mind I'm reducing the size of my nzx and asx portfolios. IMO, BLT is likely to be less affected than most NZ stocks, and so for now I'll continue to hold.

    BC
    Last edited by Bobcat.; 19-03-2014 at 09:25 AM.
    To foretell the future, one must first unlock the secrets of the past.

  10. #3880
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    I've realised that the May 1 deadline for Chinese dairy registration is world wide, not just for NZ. And that's in 6 weeks. The good news then would be that they will need to have enough of it completed not to interrupt the flow into China for consumption, but the bad news could be that it's a big ask. My guess is that the Chinese will want to avoid criticism by efficiently meeting their own deadline, but who knows. Also, logic would suggest that NZ can now be processed quickly since the auditors left NZ a few days ago according to the Herald.

    I see no reason to expect the Blis factory will fail to meet standards, so logic still stands on the side of registration completing within 6 weeks, presumably followed by product flow. The next report is due within a few weeks of that anyway, registration or not. So close and yet so far ...

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