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14:34
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Originally posted by mumstheword
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I wouldn't think that BL would sell (dump) at .50c for a quick $10m. following the issue after satisfying the board and shareholders of the performance criteria eg. reaching commercialisation, or seeing the first $20m revenue. (I do recall some of the conditions of the award, but it wouldn't be fair to try and guess them now). In my opinion, I reckon he'll hang on to them knowing that the divies each year will be a better deal in tghe long run. Some have painted a ugly picture of BL, but for my part, he seeded the company with his own dosh and he's entitled to whatever was voted on at AGM's via well-publicised resolutions. I don't think we need to panic just now... we're not even at the .50c mark (yet) and I don't think he'd be that irresponsible. IMO.
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I've seen a few people talk about BL initially providing capital for the company, but I can't seem to find any information on it. Could you please talk about the details if you have them? cheers
