BLG 0.00% 3.3¢ bluglass limited

ridiculously overvalued, page-7

  1. 667 Posts.

    Guys i think in a way your both right, This company has no revenue, and it running from money made by selling off shares.

    The thing is, they have an idea and a plan, and they are meeting all steps of their plan ahead of time and without problem.

    at the end of the day they are going to halve production costs on a $9bil a year industry, and a industry that will probably grow quite a lot with the world going into energy saving mode.

    one of the many examples is, the polly's want to cut green house gass's by 20%, and funny enough 20% of greenhouse gass's is used just to create lighting. using Gav Led like the new 6" ones they made in housing to replace the light bulb could cut that 20% slice down. and as it is a better option than the fluro light bulb the goverement could be making a market for this stock to exploite.

    I am hoping the price falls for a while as i would like to buy in but being cautious.. however if this product goes to market it should be a good little cash cow for a while untill something better is released as i dont think this stock will last for ever, its the only project they have and as soon as something better comes out this stock will be worthless. but i think it will make a lot of money once it goes to market.

    Something else to note, at the moment the best place to make money is in energy and resource stocks, for the simple reason the world is hungry for this. later down the track the next craze on the stock market will most probably be energy saving / reusable resource companies as the world will be forced down this path like its being forced down the energy/recources now. This stock might just be a taste of whats to come in a few years and what we will all be buying into.

    does anyone have any real knowladge on where this stock is headed or how they will make their money? is it in patents or in production?

    Does anyone know of any other competator products that are also being worked on to rival this new method of producing GAV LED's?

 
watchlist Created with Sketch. Add BLG (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
0.000(0.00%)
Mkt cap ! $60.29M
Open High Low Value Volume
3.3¢ 3.4¢ 3.2¢ $44.79K 1.356M

Buyers (Bids)

No. Vol. Price($)
1 23757 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 874041 7
View Market Depth
Last trade - 15.52pm 28/06/2024 (20 minute delay) ?
BLG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.