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  1. #61
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    Unhappy Hope springs eternal

    Wishful thinking but maybe I'm the eternal cynic they definitely need some way forward or they are dead ducks and all that happens is the sp gets lower to the zero.
    I don't bloody believe it

  2. #62
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    Wink

    there IS value in this company, and most of the value has been purchaced and paid for by the long term investor, but sadly, those investors have had negative returns while the company has hemoraged in the last 4 years. Granted...... its a risk that was clearly stated at the outset of this company, but, longterm investors have paid a heavy price, and the new blood that is possibly coming on board soon will bleed the long term investor even more.
    thats the negative side,
    the positive side is that there seems to a bluechip company wishing to take a cornerstone postion..... even though its at a huge discount, but none the less a positive stand.... so... all in all keep on averaging down and wait for that pot of gold.
    it will happen, and when it does, this co will sky rocket to the moon.
    i just hope im still young enough to smell the roses when it happens!

  3. #63
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    Unhappy

    Hope your right always thought they had a great product but the marketing was dead, my mate reckons he saw an advert for Blis on tv but i've never seen it.It will end up being a roaring success eventually but in someone elses pocket overseas like normal in NZ.
    I don't bloody believe it

  4. #64
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    Default

    Received the notice of meeting yesterday. As suspected it is not to be an underwritten rights issue, but there is a (biggish) hint that DSM Nutritionals may be interested in becoming an equity partner under the Share Allotment proposal. This would do wonders for BLIS if they can pull it off and almost guarantee the success of the rights issue if it is announced beforehand. There also seem to be several more R&D agreements in the pipeline, and an impending (early 2008) product launch with a "large" US company. If the RI is approved, then more details of these activities should be forthcoming, because something significant needs to happen, I feel, if it is to be a success.

  5. #65
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    Default

    Anyone one else following blis?
    I am really suprised by the lack of interest.

    There was alot of interesting info in
    the rights issue document.
    But the shareprice drops.
    This share i think is worth a closer look at.
    This share has done poorly in the past, but
    with the new CEO looks to be progressing well.

    Anyone else have any opinions on the rights issue document?

  6. #66
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    Default

    Theone, someone agrees with you. The SP just jumped from 7.8 to 8.7 ...and on a Monday trade.

    The documents shareholders received has some positives and heaps of future wonders but the reality is that BLT will go under if they don't receive shareholder approval for the RI. That's the reality ...the rest is a wishlist with perhaps a good chance of becoming real over time ...2 years say.

    For me the question is still ...will they survive long enough to make a profit or will BLT enter the history books?

  7. #67
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    Default

    Thanks for the reply oman.
    The approval of the rights and issue,
    i think is almost certain.

    The only problem is whether anyone
    will want to take up the rights with the share price
    at current levels.
    Looks like Blis is keeping quiet on alot of the details.

    Barry Richardson has around $300,000 dollars worth of shares.
    He has a big incentive to make blis succed.

    When reading the rights issue document you can
    see he has been very busy .

    He has a great track record and has made alot of progess in
    the past year.

    I have confidence he will be able to commercialise blis products.

    My guess is they will release some "juicy" information
    before rights issue close.

    With the issue closing early december surely they would be
    able to disclose the large company to start distributing
    in early 2008?

    Worst case scenarion I think is a cornerstone shareholder will
    buy 19.99 %. at these prices surely DSM would jump at the chance.

    Admitedly if the dont get funds from the rights or a cornerstone shareholder
    they would be somewhat stuffed. But with all the positive developments they
    should be able to able to raise the funds.

    I think this share has huge upside potential as a 2 year plus hold,
    with very little downside.

    If DSM bought blis i wonder what would happen to the share price?
    Probably not alot, i guess.
    No one seems interested.

    I have been following this share for years and understand peoples frustrations.

    I was suprised how the share price didnt increase with the rights issue documents.

    To me the company looks to be "turning the corner"

    Surely with all the developments at least 1 of them will be a winner!

  8. #68
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    Default

    So Theone we have two significant milestones to watch for:

    1) a successful RI, and
    2) a cornerstone shareholder.

    "...I think this share has huge upside potential as a 2 year plus hold,
    with very little downside."

    Ummm. The first point is agreed but there is little downside because BLT was once a $1.20 share now sitting at about 8 cps (up from 5 cps a few months ago).

    "...I was surprised how the share price didn't increase with the rights issue documents."

    I wasn't surprised. I expected the SP to drop to 7.6cps ...slightly above the RI price. How much above is an indicator of what the market thinks of BLT business potential and my opinion is the business is very risky currently ...and the market abhors financial risk. A bit of substantial good news will be helpful ...and as noted above, Barry is well aware of what's needed.

    "...To me the company looks to be "turning the corner" Ummm, ...hope the turn is upwards.

    I'll do my bit to help them reach one milestone ...got a proxy form to fax!



  9. #69
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    Default

    I wish Barry Richardson was on board a few years ago. What he has done this year is leaps and bounds ahead of anything in the past.

    I have too many of BLT shares and was planning to cut my loses and sell half of them. But after reading the recent information I might stick with BLT.

    If the products/ R&D is confirmed, I can not see how DSM or someone similar will not buy out the company. The NZ market will never fully value a share like BLT so it will always be available at a discount.

  10. #70
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    Default

    Amen re. your remark about Barry, Chippie. If ever there was any doubt that capabilities at the top really matter to a company, and that the fat CEO salary packages the media love to generate controversy over, are often deserved (though not in Kelvin's case!) ....

    My hope is that the NZ market will fully value BLT one day (assuming BLT stays afloat long enough to realise its potential, of course). There are now a few biggish holders on the BLT register and it may be a struggle for DSM, etc to make it to 90% - doubt Otago Uni would be a seller (am very intersted to see if it supports the rights issue).

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