Barry's interest in the company as a director has been declared - 17.9 million shares. He's got a reasonable amount of skin in the game.
.......thanks for that Pierre. Just what every company should have and needs, a director that has a REAL interest in seeing that SPrice go only one way and is prepared to do something about it........hopefully back up to where it was from here.
I'll bet they're all looking forward to the first Board meeting after all that! However, people always manage to sort out any differences of viewpoint once they talk and listen, and I'm sure this will be no exception.
Blis Technologies Limited (NZX:BLT) welcomes Mr Barry Richardson as an independent director of the company following his election at the Annual Meeting held on Friday 27th July 2018.
Mr Richardson will bring more than 30 years of management experience in commercialising science and undertaking business development roles for early stage biotechnology and nutritional companies, including his time with Tatua Co-Operative Dairy Ltd, Westland Milk Products Ltd and 10 years as CEO of Blis Technologies Ltd.
Holding a PhD from Massey University and current directorships in CertusBio and CNS Biotechnology, Mr Richardson will bring valued expertise and experience to the board.
Blis are the developers of the world’s first advanced oral probiotics. The BLIS range includes products that support ear, nose and throat health. BLIS probiotics were discovered by Professor John Tagg while working as a researcher at the University of Otago Microbiology Department.
Very good to see that Barry's experience and expertise is now valued by the Board. A bit different from the rather terse "he wont be much use to us" message prior to the election.
I think it's fantastic that the shareholders have spoken and that the Board now has the opportunity to utilise Barry's skills for the benefit of the business. Of course, this also places a fair bit of pressure on Barry to see that BLT produces a much improved outcome for shareholders. How long do you think we should give him to deliver?
Two things are for sure:
a) it's bound to be all Barry's fault if the results don't improve
b) Success will have many fathers
Bonne chance Barry
Last edited by pierre; 03-08-2018 at 05:55 PM.
Reason: missed out a word
No, I'm really quite optimistic after that announcement. If they can genuinely forge an amalgam of Barry's previous tight ship expenditure and detailed planning with whatever the new dream is (and maybe get them to explain it more clearly) then the result could yet be pleasing to see. Much to deal with obviously: costs; why the revenue isn't growing; post-patents.
But a team pulling together is a strong asset to have so I will watch with interest. I'm definitely more hopeful after seeing the company putting out that olive branch.
Personally SIMLA I would be hopeful of a positive announcement due to the new influencer (Barry) within 3mnths.....at the very least an "indication" that plans are afoot to either reduce overheads substantially or effect a new global marketing program to lift the awareness of oral probiotics and of course the BLIS brand. Within 6 months I would expect an announcement that benefits of these changes are now being seen along with a positive forecast. 12mnths out hopefully we will hear those words that a sustainable profit is within sight. Is this too much to expect fellow shareholders?
Personally SIMLA I would be hopeful of a positive announcement due to the new influencer (Barry) within 3mnths.....at the very least an "indication" that plans are afoot to either reduce overheads substantially or effect a new global marketing program to lift the awareness of oral probiotics and of course the BLIS brand. Within 6 months I would expect an announcement that benefits of these changes are now being seen along with a positive forecast. 12mnths out hopefully we will hear those words that a sustainable profit is within sight. Is this too much to expect fellow shareholders?
All the above please Gr8day - and a decent upward trend in the SP.
Originally Posted by winner69
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