BLG are looking for additional equity capital which is why companies list on the ASX in the first place. I like the idea of a strategic investor(s) who intends to remain on the register for years to come. Let’s hope we don’t just hand out equity to the folks who bail out as soon as the shares are issued. The newly appointed advisory board members can and will be looking to guide us on this path towards profitability and it’s only 18 months or so to wait. Long term holders of this company might be jaded by the history of the old guard and having bought at much higher prices. I’m very bullish on this sector and BluGlass is an Australian developed business we should be extremely proud of. With the opportunity to be EBITDA and cash flow positive within 2 - 3 years, I’d say this is a great time to buy more shares. Not advice, just thinking out loud. Go you good thing.
BLG Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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