The CEO runs the company and the CFO and the underwriters looks after the Cap raising. BLY is a big company it will have the resources to deal with a cap raising and running the business. Plus the 75 million raising is just to make us happy most of it is already done and dusted it won't effect the SP moving forward.
Just because the only news regarding BLY is the cap raising doesnt mean the board hasn't been running the business as per normal. Cost cutting measures and imporiving effcieny is still being implemented as planned. We will see the positive effects soon enough.
BLY Price at posting:
$3.00 Sentiment: LT Buy Disclosure: Held
