Personally I don't think LT it matters whether new shareholders are committed or not, though clearly, ST it would be better for the SP and everyone's psychology. I see a very bright future for BLG who are now on course and making initial sales, albeit small, whilst continuing to progress their R & D for other lights and wavelengths. Their products are getting out there, word is spreading and their profile will rise.
The fields they are selling to and targeting are cutting edge, and they are one of very few companies in this area who are making breakthroughs. Taking up rights, applying for excess and buying on market. Next 12 months are going to be very interesting and despite a torrid macro market, support for cutting edge tech in the semiconductor space is not going away. The competition is too fierce and the big players know they have to spend spend spend to keep ahead of their rivals. The world depends on tech to run these days and there is no putting that genie back in its box.
BLG Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)