Unless there is some inside information that is being traded upon, I still can't see value in BLA at current levels before the annual report is released. Personally I think the Oaktree deal is bad news rather than good as it confirms that BLA requires some external support - ie. the current business model is not generating sufficient cash to allow the business to continue. No idea what the MQG substantial shareholding position means though.
Anyway, good luck to you all, I genuinely hope that holders make money on this.
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- $4 bucks in 4 weeks!
Unless there is some inside information that is being traded...
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