BLG 4.00% 2.4¢ bluglass limited

Ann: Laser Diode Business Update and Management Changes, page-4

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  1. 3,871 Posts.
    lightbulb Created with Sketch. 374
    Raise 8 mill from existing holders after announcing there is a problem with production and admitting they are an R+D company and it will take a year to fix. JFC.
    I have thrown enough good money after bad over a long time and am well behind the 8 ball. Not prepared to throw more.
    $8 miil ×.06c = 133million shares. Yea right. Good luck to long suffering holders, but I think we are stuffed.
 
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