Tachyon, I get your point but, the placement investors are under no obligation to hold onto those shares and if the shares were issued today could have easily off loaded at a substantial profit.
Unless you are telling me that you approached the company and negotiated with them to purchase shares at a hefty discount to market at a time when the market for BLT shares is extremely liquid then the amount of risk you took buying on market is completely and utterly incomparable to this recent placement.
BLT Price at posting:
$1.85 Sentiment: Hold Disclosure: Held