It wasn't the hardest prediction... I called it weeks ago that the share price will continue to drop.
Everyday they don't update the market that Oaktree has waived its rights for the breach of the loan, the greater chance that they won't, hence the lower the share price.
Im toying with putting in a sneaky bid in at 5 cents (circa $2k) just as a punt if they can get this back up.
If they make the announcement that Oaktree won't seek repayment of the debt, then this should bounce back up to 70cents
BLA Price at posting:
31.5¢ Sentiment: Hold Disclosure: Not Held