I find myself in a dilemma with this one. The management have done stuff all to give investors confidence that they are able to take their technology to market and nail down sales. The 1:1 share issue means some serious dilution. On the other hand, if they can't raise capital they are headed for oblivion taking a load of my hard earned with them. The chance to double my holding for comparatively little money is probably worth the risk. The big question is whether they have a good commercial product or will it end up like all the other potential applications that appear to be sitting on the shelf because they were unable to get anyone to take it anywhere other than collaborations. I think the company need to explain in simple terms what they have, why it is so marketable and who is busting down the door to get a piece of it.
BLG Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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