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2.2¢ bluglass limited

Ann: Trading Halt, page-17

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Holdtight

2,906 Posts.

1946

08/02/24

10:42

Post #: 72299767
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Originally posted by dylzzz9: ↑

The correct answer to the question was N/A. They were not 'supposed' to put any other information there.

Thanks for your response MTV. I am a very young/new investor so still learning, so forgive my ignorance. But this seems like a bit of a loophole to get around answering any questions around upcoming CR’s. It looks like they had enough funding for a couple more quarters at least but definitely wasn’t expecting the CR so soon. I personally just think that after the quarterly and the declining sentiment, BLG thought best to raise capital sooner rather than later. Not a bad thing! Like Wedgeman has said, provides us all with some certainty at last!

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Given you are new to this game, i will explain why the SP fell. The management started calling brokers and talking cap raise. Immediately they start to sell or tell their "friends and family" to sell. Then they do the CR at a 20% discount to how ever far they can push it down.

BLG Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $40.46M

Open	High	Low	Value	Volume
2.1¢	2.3¢	2.1¢	$20.92K	969.2K

Buyers (Bids)

No.	Vol.	Price($)
2	312090	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	44879	1

View Market Depth

No.	Vol.	Price($)
2	312090	0.022
2	143532	0.021
18	2027506	0.020
4	369257	0.019
8	476078	0.018

Price($)	Vol.	No.
0.023	44879	1
0.024	183530	4
0.025	518618	6
0.026	1108988	4
0.027	43478	1

Last trade - 16.10pm 04/11/2024 (20 minute delay)

BLG (ASX) Chart