BLT - Blis Technologies

**THEONE** · 16-08-2007, 11:10 AM

Hey Snake eye me too.
I frequently google the news and look at the shareprice, when
I should be working.

I just found this in the Press:

US PATENT FOR BLIS PLAQUE

Blis Technologies continues to make headway with its bad breath and anti-tooth decay products _ signing a United States patent on the plaque protection probiotic.

Chief executive Barry Richardson said Blis was already well known as the manufacturer of Blis K12, an oral probiotic for the treatment of chronic bad breath and infections.

But the South Island-based firm wanted to affirm it was developing a wider range of products including an advanced oral probiotic called MIA, effective in protecting teeth from dental plaque.

Blis had just been granted a US patent for MIA, and commercialisation of the product was about two years away.

"This represents a major milestone in our research and development programme ... Blis is not a single product company," Richardson said.

"Now we've had that patent issued, we're in position to be able to talk to international and US players about licensing opportunities and product development opportunities with that particular strain."

Blis chief scientific officer Chris Chilcott said MIA enabled important protection against plaque. "We believe the new MIA probiotic can be used to suppress levels of Streptococcus mutans, the principal cause of dental plaques."

The company had yet to emphasise its work on its skincare and body odour reduction products. "As we get (various) patents granted it broadens our base in terms of commercialisation."

Meanwhile, Blis' existing K12 range of probiotic products had gained important media coverage in both Australia on a current affairs programme and on TV3's Campbell Live show.

Blis shares rose 0.6c to close at 9.9c yesterday.

**THEONE** · 21-08-2007, 04:28 PM

Wonder when the notice about rights issue will come out,
In the powerpoint they said EGM at end of month.
Anyone got any News?

**ratkin** · 21-08-2007, 04:54 PM

They will be claiming they have found a cure for baldness next.

**neopole** · 21-08-2007, 05:10 PM

funny you should say that, but a big cause of baldness is bacteria in the hair folicals, so maybe they will fix that as well.
not that NZ share holders care...........
this company has soo much potential, but i think i will have lost my teeth, lost my hair, and my sence of smell before the SP rises to any great high.

**Bobby_Fischer** · 22-08-2007, 09:32 AM

I have been wondering the very same thing T1. Blis will be dependent on securing an underwriting agreement for their rights issue, and the recent market turmoil may well have put their ability to do that at risk.

**THEONE** · 22-08-2007, 12:31 PM

Hi Bobby what do you think of Blis at the moment and the recent announcements?
I really apreciate your Balanced point of view.
I have been following your posts for a few years you are
a true Blis guru.
What guess would you pick at the share price in 3 years?
Thanks

**STRAT** · 22-08-2007, 06:47 PM

Originally Posted by neopole

funny you should say that, but a big cause of baldness is bacteria in the hair folicals,

LOL. Proof that old people dont wash eh? or is it that old men stop washing their heads only to focus more on their backs

**Bobby_Fischer** · 22-08-2007, 08:58 PM

Thanks for the kind words T1. I like this BB which I think mostly has good quality, thoughtful posters. I try to contribute what I can, so that hopefully I "repay" the board for the useful info it brings me elsewhere.

I'm sticking with BLT for the moment, awaiting the rights issue documentation. I think they have more chance of success under the new business plan than ever they had under the old CEO, who seemed only able to think small (and that was all he achieved). However, everything hinges on the rights issue. If it fails that's a vote of no confidence in the new plan, the new CEO will leave and the directors will need to effectively put the company on the block in the hope of realising something for shareholders from the IP - that's if they have enough working capital to keep it running in the meantime. They have been spectacularly unsuccessful in attracting a cornerstone shareholder so far, so I imagine it would be curtains if the rights issue fails.

I would find it difficult to support the rights issue myself, based on the currently available information, as the path to profitability is not sufficiently tangible at present. Blis have had products in the market place for 5-6 years now and haven't made a penny from them. How is that going to change anytime soon? We have been told countless times that breakeven is expected in the next financial year. To get any more money from shareholders, they will now need to demonstrate that their financial projections are credible. It would also help confidence considerably if the (now) largest shareholder (Otago Uni) stated that they were prepared to support the rights issue (they didn't, notably, support the last one) - BLT certainly won't be getting any more cash from the old Southern Capital boys - it is Otago Uni. science, after all.

No clue at all about the SP in 3 years. I once made a projection here on the back of the deal with Dr Halitosis in the US. This proved to be spectaculary wrong. Once bittten twice shy.