Ann: First Trial RPCVD Foundry Order and Agent Appointed, page-4

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11/11/14

01:18

Post #: 14266653
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Originally posted by Aftermarket ↑

Yawn. Typical BLG spin in the lead up to the AGM, just like every other year. Another agent appointed to sell technology that isn't market ready (BluGlass Korea anyone?). Another "award" from some "cleantech organisation". Another "breakthrough" customer agreement (Lakehead University BLG100 ring a bell?). Do they really think we are going to fall for this again.

Essentially they are crowing about an order for a few wafers from a customer. They are still retrofitting equipment that is generations behind the current market. Why not buy a new current machine, instead of a couple of old, second hand pieces of equipment?

I invested in this company as an equipment manufacturer. I have heard every excuse and delaying tactic from them. IMHO, they are still years behind where the prospectus said they were in 2006. Now they will lead us to believe that selling a few wafers to a "potential customer" is progress. In the real world, customers give a spec, and you produce material for them to analyse. This is not done at a cost to the customer, and it is not really counted as news.

I can't wait for the AGM, and I know I'm not the only one. Serious questions will expect serious answers. Some of the more tech savvy investors are not impressed with the smoke and mirrors games of the last few years, and they will be asking some pertinent questions, of both the current state of technology, and on the track record of the management team.

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Will see you there then AM.Looking forward to meeting some fellow investors.

BLG Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
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