If you are a long term holder like me, and you plan go to the terminal station, you will always look for the positives, and there are a few. If you can believe what is presented: They do have a product or products and these are on the way to a launch, closer than ever before. The fix does appear to be relatively straightforward as the problem is not new and is not in the R&D sphere. Multiple experienced partners are collaborating with the fix so they must all still have faith. (yes faith!) Customer demand seems strong as made evident in all their statements. An investment institution was prepared to put in $2m skin?
I don't hold too much faith in target revenues, but looking at the graph as presented, and considering only the downside revenue, which is probably still optimistic, if we get the product out, the two year share price at a moderate PE should be around 50c, and the 5 year price on the same figuring, around $4.00. Enough motivation to stay on this train now that it's getting re-fueled.
Time for a glass of wine I think.
BLG Price at posting:
4.3¢ Sentiment: None Disclosure: Held
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(20min delay)