BCT 20.0% 0.6¢ bluechiip limited

Ann: AGM Presentation, page-35

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    We have been trusting management for a few years now. Cash is going out of window in bundles as we discuss this. All their efforts resulted in one new sale over last 7 months which is not significant from revenue point of view. The business structure seems very top heavy and costly to remain competitive. AGM pointed out that one tank full of samples at one location is worth $290000pa to the company. Given current ongoing annual revenue it seems BCT has only 2.5 tanks of product across all labs. They are not telling full story which is frustrating. DYOR
 
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