BLG 6.76% 3.5¢ bluglass limited

I dont think right now is the time to be changing the board. Not...

  1. 3,871 Posts.
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    I dont think right now is the time to be changing the board. Not because they have done well, but continuity is vital at this stage.

    I would prefer to see the shares issued to them on a performance basis and not just meeting a few milestones but when the company is paying its way.

    From the announcement it is still a couple of years away from marketing their products so expect more CR in the mean time to gear up to full production.

    This mob have always over promised and under delivered, nothing new here.

    i will be taking up my allocation mainly to average down.
    I still think the tech is good and they appear to have finally found an application they can take to market.

    But time is running out for this mob and I reckon it is well less than a 50/50 chance of pulling through.

    Only invest what you are prepared to loose.
 
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