BLT - Blis Technologies

**simla** · 29-10-2013, 11:55 AM

Plus the last annual report had 1143 shareholders (p48). The SPP is only $1.5m max, which is only $1.3k per shareholder. You have to think the takeup may pick up this week, so how many shares will people actually get? Sure will be interesting to see. Then how many will people be wanting to sell?

CJ · 29-10-2013, 12:05 PM

Originally Posted by pierre

3.6m traded so far - highest daily volume for months. I'm not selling - have been a faithful holder and accumulator since 2005 and happy to wait for the BIG things yet to come.

$3.6m but that is only about $50k or about 4 people deciding to buy the max in the SPP to dump.

Just pointing out the possibility.

Disc: hold and deciding how many to get in the SPP.

CJ · 29-10-2013, 12:15 PM

Originally Posted by moosie_900

just a reminder to those getting excited. do we all remember the January/February pump and dump?

history repeats, repeats, repeats, repeats, repeats...

yes - hence my concern no one has actual given their interpretation of the announcement. any news = good news???

**Nigel** · 29-10-2013, 12:21 PM

I think the new factory signals the start of new products/formulations and a fresh push into new (mostly Asian) markets. The announcement mentioned new investors (I'm assuming NZPR, APPL, maybe more?) who have global connections/networks that we can leverage. The announcement also mentioned Sinopharm's visit next month. Sinopharm is China's biggest marketer of pharmaceutical products and they are Blis' new distributor in China. There is massive potential here.
(not financial advice, still big risks associated with this when today's increase has been on light turnover, DYOR etc)

**simla** · 29-10-2013, 12:29 PM

Yes, possibly pump and dump. But that does require a base of good news to build on for credibility, and the "risk" this time must be that the "dumping" would be a mistake? Blis really are starting to look promising?

It's uncertain how imminent any of this is, of course. But surely you build a factory when you have a known use for it? And the new shareholders must be expecting a return in the short term, we might think? Also, Blis appear to have just announced that they now have a working factory producing GRAS product. That is surely a huge step forward - both technically and business-wise?

I remain wary, but I'm inclined to agree with Gr8day.

**simla** · 29-10-2013, 12:40 PM

I see the lunchtime crowd are busy profit-taking. I wonder how many of them are doing it in anticipation of getting a full allocation under the SPP, since the alternative is to be selling down/selling out which seems strange timing after that announcement if so?

**simla** · 29-10-2013, 02:52 PM

There isn't strong price pressure, but there is continuing buying pressure. A simple explanation is simply that someone decided to buy a heap of shares. 6m shares have changed hands so far today at an average 1.5 cents. Over half a percent of the company in less than one day at a premium of just 0.4 cents per share? If that's the explanation, someone is probably pretty pleased with themselves? Just a possibility.

In the immediate term, we have news next week of the size of the SPP, and the half year report in the next few weeks. Plus surely we hear that they get to export from the factory after a bit? The factory could be seen as a result of the ice cream sales. The ice cream sold really well, but they needed to spend money on plant to make it profitable. Well, they just DID spend money on plant for a related product, so maybe the "proof of concept" was not just for customers but themselves? If so, then the small loss on the ice cream sales may be a great investment for shareholders?

More news would be good.

**GR8DAY** · 29-10-2013, 03:14 PM

.....hey thanks for all your solidly researched info' SIMLA, I do believe we are seeing the beginnings of a long-overdue turnaround in this innovative company. Ive always maintained that any "world-first" company (like Blis) will one day be a takeover target and I can see this happening here with such a depressed SP (even at todays 1.5/1.8c).......just a matter of time in my opinion.