don't want to rain on the parade (even with the gloom and doom I mention below I am still very keen to jump in)
- but
BLT's picture of tangibles is a lot different from the heady days of near 90-100cps
current snapshot is -
a/ via commsec research - approx 31 million shares in April 2003 @ 30cps - now a whopping approx 512 million shares in 2011 @ a dreadful 2.8cps - that is a huge double wammy dilution (x10) and share price drop (x10) - therefore taking away a lot of ooomphh (x100) for multibaggers
b/ now only holds 1/3 of its patents i.e has it for humans - but no longer for plants and animals - revenue drivers are a lot less now
c/ lifespan of those early patents has now halved?
BLT will need to kick some monster goals to get moving - and time is decaying for those patents - just like an option
happy to be corrected though
cheers
BLT Price at posting:
70.0¢ Sentiment: ST Buy Disclosure: Not Held
