i spoke to company and they said cash position is not an issue and is stable and is in talks with a few companies and will hopefully get deals done separate from CSIRO etc. They won't sell their IP as they believe its valuable and Dr Brennan the major SH thinks this company will be 20c if it can sign a deal for an IP to be developed.
The SP is holding around 3c and there are not many sellers
This will gap up significantly is a proper announcement is out. Back to 10c easily on 1 trading day i reckon
Be patient
BLT Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held