Dumped 50% on the announcement open at $0.051, to take a loss but in hindsight the right option.
With regard to the numerous capital raises with various businesses that I have been offered and have participated in (I will not with this one) have shown the price will inevitably fall to or just below the CR issue price on or shortly after the issue date. So I will reserve that cash until then.
On a positive note no one invests $2 million potentially $2.5million (if they participate in the CR) without seeing a recoup in their capital, so I strongly believe there is a future even it is just based on that.
GLTAH
BLG Price at posting:
3.6¢ Sentiment: Sell Disclosure: Held
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