At one of the recent interviews James Walker said "that their would be another capital raising" - he didn't say when but made it clear that it was unlikely to be the end of our pain. By my calculation BLG since 2007 BLG have issued 1,369,934,348 shares to raise A$81,481,034 in about 24 events at prices from 37c to 2c; frankly getting sick of them. Fortunately for me I got in later in the sequence but longer term holders must be downright sick of them. Many were raisings were under Giles Osborne leadership; thankfully he's now gone and I am clutching to the hope (and expectation) that the two Jim's are winners and we will get there. The products appear to be "leading edge" - what I want to see though is "a laser focus" on the BOTTOM LINE.
BLG Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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