BLT - Blis Technologies

[simla]

Sorry, Emearg, I was just reporting before as I hadn't for a while. But I'd be interested in someone in Auckland or other northern points updating us. And I'd be interested in hearing where the roulade is for sale. It seems to sell well around here.

BFF is an interesting proposition. On the one hand the company reminded us in the last half report https://nzx.com/files/attachments/166835.pdf that the entire point of BFF was proof of concept. Yet on the other hand it sells across the country, and they have brought out the non-probiotic packs suggesting they can leverage the brand for revenue. Then there is the question of whether they intend to sell the finished product anywhere else. And then the fact that the chairman of BFF is one of the senior players in the NZ food sector suggests things too, presumably part of the explanation for why the ice ream is attracting customers. And the mention of yoghurt but again little detail.

Then there was this a year ago http://www.voxy.co.nz/business/blis-...arket/5/101629 "definitely see ourselves operating within the global dairy industry in the future; consequently we have been actively engaged in discussions with some of the world’s largest dairy producers, but discussions can only proceed so far until BLIS K12 has its GRAS status”.

And this in the last half report. "While regulatory barriers remain, the achievement of self-affirmed GRAS in the United States, the approval of BLIS K12 as a food ingredient in the Peoples Republic of China and the legal opinion in Europe enabling the sale of BLIS K12 and BLIS M18 as branded ingredients stand out as major milestones for the Company that can be expected to have a profound impact on the future of the Company."

Lots of snippets. Lots of investment into BFF. Yet little detail on exactly what is going to happen with BFF next, or indeed Blis generally.

I asked you if you had seen anything that gave more detail on any of this. No?

[CJ]

Major shareholidng being dumped at 2.9 cents. Bids fleeing the scene. Cue SP correction...

3m shares which will put a ceiling on the price for a day or two unless other sellers rush in to push it down. Will be interesting to see what happens to buyers, and other sellers, at opening.

[GR8DAY]

.........or keep topping up mate if your'e a true believer??!

[GR8DAY]

......woa!........what a buy opportunity.........someone's gona regret that in the future i believe........they are gonna feel sick if/when they head back over 10c ah? Might just be a fund manager re shuffling things??

[simla]

Just asking, you understand. But how do you tell the difference between "being dumped" and "rattling the cage"?

[GR8DAY]

.......THIS INDEED CUD BE SOMEONE "RATTLING THE CAGE" AS YOU SUGGEST SIMLA.........maybe trying to force the price down just to set the sell price lower for that upcoming sale of "small parcels" ( to be bundled into larger parcels I believe)???..........then of course buy back at a lower price. Then again it cud just be a major investor wanting/needind a larger launch, like myself (no it's NOT me)

[GR8DAY]

........no panik selling at this stage?.........hmmm.......maybe current BLIS shareholders are now maturing into liking the future prospects of their company?? (FINALLY)

[Nigel]

.......THIS INDEED CUD BE SOMEONE "RATTLING THE CAGE" AS YOU SUGGEST SIMLA.........maybe trying to force the price down just to set the sell price lower for that upcoming sale of "small parcels" ( to be bundled into larger parcels I believe)???..........then of course buy back at a lower price. Then again it cud just be a major investor wanting/needind a larger launch, like myself (no it's NOT me)

It's a pretty big rattle! And buying depth is pretty much non-existant back to 2.5 cents. If 'fear' sets in, then 2.0/2.1 cents is the next stop. Feeling slightly anxious right now. Who's got a spare $120k to take out the shares offered at 2.9 and 3c?

[simla]

.......THIS INDEED CUD BE SOMEONE "RATTLING THE CAGE" AS YOU SUGGEST SIMLA.........

I'm not suggesting anything. I'm just interested in how some of you guys who make decisions on the fly decide when it's one and when it's the other. There was a big "sell down" two weeks ago too that didn't seem to come to anything. I'm just interested in how you decide.

[Nigel]

I think some potential (smaller-scale) buyers will take a 'wait and see' approach, now that the 3mil and 1mil sells are there at 2.9 and 3c. It's a pretty daunting overhang right now. If and when that gets gobbled up (it's not often such a large parcel is offered 'for sale' so openly), then buyers will jump back in. Whether the shareprice slides backwards or not will come down to the mindset of existing holders. Do we believe enough in the product/potential etc of Blis to trust the price to hold up? Or are we a little fearful that the shareprice will tumble and want to lock in some of the recent profits? Do we think the upcoming sales figures will be favourable or negative? The 'problem' with Blis is that when it moves it moves quickly. I wouldn't want to sell out and then find it rockets upwards on some positive news. That said, I'm always mindful that it may drop quickly if sentiment turns the wrong way!

(by the way, bought some more M18 this morning. simple ordering process and free delivery worldwide)