Reckon they may have been sweating on checking the bank balance this morning to make sure the Govt R&D rebate had been received and to be able to report as such....?????
Cutting things close to the bone.....
1) The FY2022 R&D rebate of $4.05 million was received on 31 October 2022; and 2) As at 28 October 2022 the company has on issue 149,235,278 listed options (ASX: BLGO) which are exercisable at $0.03 on or before 30 November 2022. These options are currently in the money and if all are exercised approximately $4.47 million in gross proceeds will be received by the Company. To date the Company has experienced a constant flow of option exercise requests and are processing these on a weekly basis.
GLTAH
BLG Price at posting:
3.0¢ Sentiment: None Disclosure: Held
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