BLG chart, page-886

The current SP is not the real low that came in at 2c with the CR on 24/3/2020 (see HERE) when BLG were in a real mess due to the SP being forced down by Lanstead Capital (the SP fell from 13c (on 20/6/2020) to 2c (on 3/4/2020) and Lumileds pulled the rug from under BLG (by patenting the BLG stacked LED IP - thankfully they were refused stacked LEDS using RPCVD) - the net result was the Giles Osborne (CEO) went, the company changed direction to GaN lasers and James Walker took the reins. At this time the cash got down to A$1.3m, the company had to borrow on its R&D rebate and the staff had to accept shares in lieu of cash - far worse than current (with revenue of A$10.1m/yr & 5.6m) and far great assets (i.e the FAB). IMO a turn around in SP is likely once (and if) new revenue sources are identified (i.e CLAWS etc) - could be bargain at current prices but DYOR