posted last night on swk but relevent to bly, page-10

Forgive me for jumping in on this discussion Cranny, your sentiment is understandable. However this was the same situation that MGX faced only 6 months ago and their SP was in the trenches at 0.20-0.30, having dived from $2+. With the recapitalisation by Chinese investors it is now trading in the 0.70-0.90 range and headed for $1+, only 6 months later.

For those brave enough (and I include myself here) and convinced enough in MGX's business, we have already been rewarded for our gamble. And for companies in this position, like BLY is in at the moment, let's face it that is what it is. I certainly didnt put my house on MGX, or on BLY either, but for that small % of my portfolio that I have set aside for high risk high return investment/trading, BLY is certainly one of the companies that I have picked as being a good bet with this kind of money. I have now taken MGX out of this category, and hopefully if I'm right I can do the same with BLY in 6 months time. Personally I think it'd be amazing if the banks pull the pin on a services company like this - they'd get very little out of it for the sake of not being just a little bit patient.

But who knows, everyone must make their own assessment. Good luck all. Sharks.