Ann: Bluechiip raises $1.63 million, page-5

it does seem the last small raise was a miscalculation and their timing with Fuji hasnt gone as planned .perhaps an over confidence.

this further small raise suggests a confidence to me. the fact directors are buying at 0.021 with a possible deal in the wings is a little bit of poor form. but i am sure they were trying to send positive signal they are confident. this is a low fuss approach which i am ok with for now.

i now have questions about having enough cash to scale - are they hoping for a SP spike soonish and then do CR and offer to retail to share the spoils. i believe BCT have always tried to share the wins with existing shareholders where possible/sensible.