It is trading a all time lows, because there is so much manipulation in this market, and no organisation in Australia that can be bothered to regulate it. ASIC does nothing, and never will. They may as well not exist.
BLT's share price is down 70% in 5 months, yet has only provided the market with positive news, and is progressing as planned.
In my opinion, the price is being driven down by someone with a vested interest.
Unfortunately, when a low-ball takeover offer does come, only the new holders that bought in under 2 cents will be happy, and as at least 15% of shares on issue have been traded recently below that level, their plan to take BLT over for 100th of what it's worth will probably work. The rest of the shareholders will get screwed.
I hate this market.
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